Compare Personal Loans Australia

Suncorp Personal Loans

 

Suncorp

 
 

Suncorp is a Queensland bank that grew from a merger with a state owned bank; a state owned insurance group and a prominent private bank.  It is Australia’s fifth largest listed financial services group.

Suncorp is particularly strong in Queensland and its focus is on retail customers and small to medium sized businesses.  As its roots are in small business lending and insurance it has a particular strength in personal financial services such as insurance.

Suncorp offers secured personal loans, unsecured personal loans and car loans.  Suncorp will lend for any worthwhile purpose and they have a fast approval process which promises conditional approval after one working day.  There is also an online application site, although there is a maximum loan amount of $80,000 that doesn’t apply to telephone and branch loans.  Although Suncorp is based in Queensland it lends throughout Australia.

The unsecured personal loan has an establishment fee of $175 and a $5 monthly keeping fee; there is also an early payout fee of $300.  All of these are in addition to the advertised interest rate.  The repayment can be weekly, fortnightly or monthly.  The rate is fixed throughout the term of the loan, as are the repayments although there is no penalty for overpayment.  There is a minimum loan of $5,000 and no maximum for a non-online application although loan amounts will take account of the personal circumstances of the borrower.  The term of the loan is between one and seven years.  Loan protection insurance is also offered.

Car loans can be either secured or unsecured.  If the car loan is unsecured then it is given on the same terms and interest rate as the unsecured personal rate.  The secured car loans are only available for cars up to five years old purchased from a dealership.  All other cars can only be bought through an unsecured personal loan.

A secured car loan has a lower interest rate and is secured on the vehicle under a chattel mortgage, where Suncorp has an interest in the car.  The establishment fee of $175 and the $5 monthly keeping fee are the same, and the payment frequency can also be weekly, fortnightly or monthly.  Fees are also payable to the Register of Encumbered Vehicles.  The interest rate is also fixed throughout the term of the loan.  The same minimum and maximum terms and amounts apply as with a personal loan. 


Need a feel for now much you can borrow and how long your loan will take to pay off? Our personal loan repayments calculator will allow you to work out your
monthly repayments... Try it now...

Personal Loan News

Lending has increased, but consumers continue to minimize debt
Why you should get the shortest term loan possible
Benefits of a Business Credit Line
More..

Follow us Facebook


Subscribe to Newsletter
Enter your email below to join our Newsletter
First Name:
Last Name:
Email:
Phone:



About Us | Legal | Contact    

© 2013 Copyright Personalloan.net.au. All rights reserved.

The personalloan.net.au brand and logo are trademarks of Pixel Capital Pty Ltd. Operated by Credit World Ltd ABN 11 128 435 861, Australian Credit Licence Number 397589, Credit Ombudsman Service Number M0008295.

* The products compared on this page are chosen from a range that CreditWorld.com.au has access to track applications from and is not representative of all the finance products available in the market. You should always consider seeking independent financial advice and your personal financial circumstances when comparing loan products.

Reasonable efforts are made to maintain accurate information. However, information is presented without warranty. When you click on the "Apply Now" button you will have an opportunity to review the product terms and conditions on the product issuer's web site. Even though we provide information on financial products in Australia we are not a credit provider nor are we suggesting that you apply for any particular product from any of the providers listed.