Suncorp Car Loan Review - Rates and fees | finder.com.au

Suncorp Car Loan

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Get fast approval online and enjoy a competitive fixed interest rate with a Suncorp Bank Secured Car Loan.

The Suncorp Bank Secured Car Loan is a low rate fixed interest option, suitable for new or relatively new used cars. The fixed interest rate gives you the convenience of knowing what your repayments will be every month, for the entire term of the loan. It also comes with the flexibility of unlimited early repayments, which allows you to get ahead on your loan.

$175

Application Fee

7.79% (fixed)

Interest Rate (p.a.)

8.39%

Comparison Rate (p.a.)

$80,000

Max Loan Amount

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Details

Product NameSuncorp Bank Secured Car Loan
Interest Rate (p.a.)7.79% (fixed)
Comparison Rate (p.a.)8.39%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max Loan Amount$80,000

Things to consider about Suncorp Secured Car Loan

The Suncorp Secured Car Loan has a competitive fixed interest rate of and low ongoing fees. It is suitable for car that is up to seven years old. Borrow from as little as and for terms between 1 to 7 years.

Features of the Suncorp Secured Car Loan

If you think that the Suncorp Secured Car Loan might be the right loan for you, here's a more detailed list of features for you to consider:

  • Fast approval online. Conditional approval is usually given the day after you apply but it can be quicker if you apply online. Make sure you have the required information ready to speed up the process.
  • Flexible repayment schedule. Make repayments at the same frequency as your pay cycle: either weekly, fortnightly or monthly.
  • Fixed rate interest. Have the security of knowing what your repayments will be for the life of your loan with the fixed rate of interest. The interest rate is a competitive regardless of the amount or term.
  • Early payout available. There are no penalties for additional or lump sum payments, which means you can pay out your loan sooner and save on costs. The is no charge for early pay out after one year from the establishment date.
  • Loan terms. Loans terms are available from 1 to 7 years.
  • New or used car. This loan is available for cars up to 7 years old.
  • Loan amount. Borrow a minimum of and a maximum of . The loan must be used to purchase a car worth at least $10,000.
  • Optional consumer credit insurance. Insure your loan so that you never have to worry about not being able to meet your repayments due to disability or death.

How much will the loan cost?

  • Establishment fee. $175 when you open the loan. This can be included in the loan amount.
  • Monthly fee. every month for the term of your loan.
  • Early payout fee. if the loan is paid out within 12 months of establishment.
  • Government charges. Loans are subject to stamp duty and a Personal Property Security Registry fee.

How to apply for the Suncorp Secured Car Loan

Applying online will get you a faster approval response. To get started click "Go to site" on the link above. To be eligible you will need to be:

  • At least 18 years old
  • Earning a net income of at least p.a.
  • An Australian resident
  • Able to meet the repayments

You will need the following information and documents when you apply:

  • Proof of identity
  • Proof of income – either pay slips or a tax assessment
  • Proof of liabilities – loan statements or credit card bills
  • Proof of non-Suncorp assets – bank statements or shareholding statements

The Suncorp Secured Car Loan is a low cost option for new or relatively new used cars. Make sure you compare other car loans to ensure that you are getting the most suitable product for your needs.

Compare car loan providers

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Credit Concierge Car Loan
From 3.85% (fixed)
4.91%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 (Includes PPSR registration fee)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
CUA Secured Fixed Car Loan
6.79% (fixed)
7.16%
$5,000
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
NRMA Used Car Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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