Car Loans: A How To Guide

Personal Loans are available for any worthwhile purpose, provided you meet the borrowing criteria.

Did you know that you can apply online for amounts from $5,000 up to $80,000? Call us on 13 11 75 to discuss your options.

Apply Online



So you've chosen the car you want...


Is the car new, or will it be twelve years old or less at the end of the loan term, and does it have a value of $10,000 or greater? 

If so, then you can use it as security in a Secured Car Loan, allowing us to offer you a significantly lower interest rate.

If you're looking to refinance an existing secured car loan, you can; so long as the car meets the conditions above.

Why use my car as security?

  • By securing your loan, you can take advantage of a lower interest rate.
  • With a lower rate, you’ll pay less on your weekly, fortnightly, or monthly repayments.
  • If you’re unable to fulfil the repayment of your loan, then the bank has the option of claiming your car as part of recouping what you owe.

I don’t want to use my car as security.

Then you can apply for an Unsecured Personal Loan for your car.


So you want to find out more about what you can afford...


What can I afford?

Get an early idea of what you can afford by using our budget calculator.


Given my budget, what should I be looking for in a car?

Here’s where we can help, with some tips on choosing the right car.


I want pre-approval on my loan.

Want to shop with confidence? With Suncorp Bank, you can. We offer a 30-day pre-approval on our car loans. Call our team of specialists on 13 11 75 to discuss your eligibility.