- Fixed rate of 9.75%* (so you'll always know what your repayments will be)
- Minimum loan amount $5000
- Repaid over 1 to 7 years
- Fast Approval
* Comparison rate 10.34% p.a.(based upon $30,000 over 5 years)1
|
| The Basics |
Visit our How To Guide for information about what you can get a loan for, and how to know if you qualify. Visit our Hints & Tips page for information about buying a car. |
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Fast approval |
Conditional approval can usually be given the working day after we receive your application. Apply online, and it can be even quicker. |
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Fixed competitive rate |
The Interest rates are fixed for the term of the loan, making budgeting easier because your minimum repayments never change. |
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Low fees |
Pay a low establishment fee, a low account keeping fee, and no penalties for additional or lump sum payments.2 |
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Repayment flexibility |
Choose to repay your loan weekly, fortnightly or monthly or make extra repayments to pay off the loan early.2 |
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Flexible loan terms |
Car Loans start at $5,000 and you can spread your repayments over a period of 1 to 7 years, depending on the loan amount and purpose. |
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Optional loan protection insurance |
When you qualify for a personal loan with Suncorp Bank you may also be eligible for Consumer Credit Insurance. |
Secured Car Loans
| Loan Type | Annual Percentage Rate | Comparison Rates* |
|---|---|---|
| Secured Car Loans $5,000 and over Personal loan interest rates can change at any time prior to a loan being funded (settlement) after which time the rate will be fixed for the Fixed Interest Period. |
9.75% p.a. |
12.04% p.a. (based upon $10,000 over 3 years) 10.34% p.a. (based upon $30,000 over 5 years) |
Rates effective 30 November 2011, but are subject to change.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Fees
|
Establishment Fee (financed with the loan) |
$175 |
|
Monthly fee |
$5 per month for the term of your loan. |
|
PPSR (Personal Property Security) fee |
Fees payable to PPSR apply. http://www.ppsr.gov.au |
|
Stamp Duty |
Stamp Duty and government charges apply. |
|
Early Payout Fee |
$300 (Payable on the day the loan is paid out, if the loan is paid out within 12 months of settlement and the term of the loan exceeds 12 months.) |
Am I eligible?
To apply for a Personal Loan, you must be:
- 18 years or older,
- An Australian resident,
- Earning a minimum net income of $25,000 a year,
- Able to meet the repayments
- Looking to borrow more than $5,000.
Speak to one of our Lending Specialists to get a clear an idea of your eligibility. Call us on 13 11 75, or visit your nearest Suncorp Bank branch.
See our full guide to preparing your application.
What are my options for refinancing my existing secured car loan from another bank?
You can refinance an existing secured car loan, and retain the use of your car as security - so long as the car is less than five years old, and was purchased from a dealership. Call us on 13 11 75 to discuss your options.
Can I have someone act as guarantor on my personal loan?
No. We do not currently accept guarantors for personal loans.
Things You Should Know
1. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as early repayment fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
2. An early payout fee applies if you repay your loan within 12 months of settlement and the term of the loan exceeds 12 months.