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Suncorp Bank personal loans
Suncorp Bank is a financial institution that was established in 1902 as Queensland Agricultural Bank. It has since grown to be one of the leading banks in Australia. Today, Suncorp Bank operates branches across the country.
Suncorp Bank is a part of Suncorp Group, which employs over 13,000 people and serves more than nine million customers. Suncorp Group is a top 20 ASX-listed company with $96 billion in assets.
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Why choose Suncorp Bank
Suncorp Bank Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a Suncorp Bank personal loan
Suncorp Bank provides its customers with secured and unsecured personal loans. Customers can choose between fixed-rate loans and variable-rate loans.
Borrowers are charged a one-off establishment fee as well as a monthly account-keeping fee, but these may be waived for some Suncorp home loan customers.
Suncorp Bank allows additional repayments, and there is no fee for an early payout if the loan has been held for more than 12 months. For fixed-rate loans, an early payout fee may apply if the loan is paid off within 12 months of settlement and the term of the loan exceeds 12 months.
Suncorp Bank personal loan rates tend to be very low for secured loans and moderately low for unsecured loans.
Suncorp Bank personal loans have a maximum term of seven years and a maximum loan amount of $80,000.
Suncorp Bank personal loans – customer service
Suncorp Bank can be contacted by phone, email and within any Suncorp Bank branch. New borrowers can call Suncorp Bank on weekdays 8.30am-7pm (AEST), while existing loan customers can reach the lender on weekdays 8am-6pm (AEST).
Customers also have access to internet banking to manage their financial products.
Who is eligible for a Suncorp Bank personal loan?
- Must be a permanent Australian resident
- Must be aged 18 years or over
- Must employed or receive regular income
- Must have kept a good credit record for the last five years
- Must not be or have been bankrupt or insolvent
- Must have no past, present or pending judgements or claims against you
How to apply for a Suncorp Bank personal loan?
Borrowers may apply for a personal loan either online, in-branch or over the phone. Applying online involves the following steps:
- Click ‘Apply Online’.
- Choose between ‘Existing Customer’ and ‘New Customer’.
- Read the terms and conditions and select ‘Agree and continue’.
- Complete the online application form.
- Submit the online application form.
- You should get a preliminary outcome in 15 minutes.
Suncorp Bank personal loans review
Suncorp Banks offer a range of personal loans, including secured and unsecured options with both variable and fixed interest rates. Suncorp Bank personal loans have a maximum amount of $80,000 and a maximum term of seven years.
Suncorp Bank charges an establishment fee upon approval and a monthly account-keeping fee. There is no fee for extra repayments and no fee for early payout after the first 12 months for fixed-rate loans. Those on variable-rate loans won't be charged for paying off the personal loan early.
In terms of personal loan interest rates, Suncorp Bank interest rates are generally moderately low, but vary depending on the loan you choose.
To secure the best personal loan rates, borrowers should research more than one personal loan lender. When borrowers compare personal loan rates from several lenders, they are able to choose the loan and rates that suit them best.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
