Excited about getting behind the wheel of a new car? Suncorp Car Loans can help get you there sooner. If you're eligible, take advantage of our Secured Car Loans, which have a lower interest rate to help make your repayments more affordable. All Car Loans have a fixed rate, to help make it easier for you to manage your repayments.
Key Features of our Car Loans
Car Loans in more detail...
Interest rates, fees and all the other details you need to know about your Car Loan.
| Features |
|
Fast approval |
Conditional approval can usually be given on the working day after we receive your application. Apply online, and it can be even quicker. If everything checks out, you'll have your new car fast. |
Fixed competitive rate |
The interest rate is fixed for the term of the loan, making budgeting easier because your repayments never change. |
Low fees |
Pay only one low establishment fee with no penalties for additional or lump sum payments.* |
Repayment flexibility |
Choose to repay your loan weekly, fortnightly or monthly or make extra repayments to pay off the loan early. |
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. To apply online, your loan amount must be less than $80,000. If you need to borrow more than that, please call us on 13 11 34, or drop into your local
branch. |
* Early Payout Fee applies if you repay your loan within 12 months of settlement and the term of your loan exceeds 12 months.
Secured Car Loans are only available in QLD, NSW, Victoria and Tasmania. Unsecured Car Loans are available to all Australian residents who can settle their loan at a Suncorp branch.
| Fees |
|
Establishment Fee (financed with the loan) |
$175 |
Monthly fee |
Nil. |
REVS (Register of Encumbered Vehicles) fee |
Fees payable to REVS apply. |
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.) |
Car loan interest rates can change at any time up until you receive your money (loan settlement). Once the loan has been settled, the interest rate will be fixed for the life of the loan.
Secured vs Unsecured Car Loans
Secured Car Loans, like the Suncorp Secured Car Loan are available if you're buying a car that is less than five years old from a dealership. We use your car as security for the loan, which means we can offer a lower interest rate for your loan. If you're buying a car that doesnt fit the above description you can apply for an Unsecured Car Loan.
Car Loans Interest Rates
Secured Car Loans
|
Loan Type
|
Annual Percentage Rate
|
|
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. |
10.95% p.a.
|
12.17% p.a.
(based upon $10,000 over 3 years)
11.21% p.a.
(based upon $30,000 over 5 years) |
Download the Comparison Rate Schedule in PDF format.
Personal Loan - Unsecured
|
Loan Amount
|
Annual Percentage Rate
|
|
$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. |
13.98% p.a.
|
15.23% p.a.
(based upon $10,000 over 3 years)
14.24% p.a.
(based upon $30,000 over 5 years) |
Download the Comparison Rate Schedule in PDF format.
Comparison Rate
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.
Comparison rate schedules are available at any Suncorp branch.
