Suncorp Car Loans

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Suncorp is a provider of car loans, personal loans, home loans, savings accounts, credit cards, investments, insurance, superannuation and business loans.

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The table below displays a snapshot of Suncorp’s car loan products on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a five-year loan in NSW.

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What car loan(s) does Suncorp offer?

At the time of writing, Suncorp offer one main secured car loan which includes the following features:

  • A fixed rate of 5.99% and comparison rate of 6.59% p.a.
  • Loan amount from $5,000
  • Choice of loan term from 1-7 years
  • Repay weekly, fortnightly or monthly
  • Make extra repayments at no extra charge

Is your car eligible for a secured loan with Suncorp?

To be eligible for a secured car loan with Suncorp, your application will be subject to its normal lending criteria. Generally, your chosen vehicle might need to be:

  • For personal use
  • Less than seven years old
  • A new or used vehicle

Check the PDS (product disclosure statement) for more information on Suncorp’s car loan criteria.

Does Suncorp also offer personal loans?

Yes, Suncorp does offer both secured and unsecured personal loans as well as its car loan product. The table below displays a snapshot of Suncorp’s personal loan products on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a three-year loan in NSW.

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Suncorp FAQs

The minimum loan amounts for Suncorp car loan is $5,000.

The minimum loan term amount that Suncorp offers for their car loan options is 1 year, with the maximum loan term at 7 years.

There are a number of fees to be aware of when taking out a car loan with Suncorp:

  • Application fee – $175
  • Ongoing fee – $5 per month
  • Early payout fee (if you pay off the loan within 12 months) – $300

See the relevant fees and charges documents for more information or contact Suncorp on 13 11 55 (Sunday to Saturday, 24/7)

See this article for look at the average fees currently charged by car loan providers on the market (based on Canstar’s Personal Loans Star Ratings for November 2017), to see if Suncorp’s fees are more or less what the average customer is paying.

Applying for a Suncorp car loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with Suncorp (or most providers in Australia for that matter), you generally need to meet the following criteria:

  • The car or motorcycle must be for personal use and less than 7 years old
  • You must be 18 or over
  • You must be a permanent Australian resident or valid work visa holder
  • Currently employed with a stable income (minimum net income of $25,000 per year)
  • Have a solid credit rating and not be bankrupt

In addition, you may also have to meet the minimum loan amounts specified by the provider (see above). If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

  • A current driver’s license
  • Details of your current and previous (if applicable) employer
  • Details of your income, assets, expenses and liabilities
  • Previous tax returns if you are self-employed

You may also require your current account number for Suncorp if you’re an existing member.

Founded in 1902, Suncorp remains Australia’s leading bank in regional areas. The brands that come under the Suncorp Group umbrella include several insurance companies: AAMI, GIO, Bingle.com.au, Apia, Shannons, Terri Scheer, Asteron Life, and AA Insurance.

Suncorp Bank supports the community in a big way when it comes to health and fitness, promoting sun safety in the community since 2004 through their SunWise program. They also proudly sponsor the 5km parkrun every Saturday around the country, and the runPositive community at major marathon events. Suncorp also sponsors the Blackmores Sydney Running Festival, Gold Coast Airport Marathon, and the Sunday Mail Suncorp Bank Bridge to Brisbane. They even support Youngcare so young people with a disability can have a fulfilling life with other young people in age-appropriate care.

As for protecting the environment, Suncorp promotes environmental sustainability with the cutting-edge sustainable design used and maintained in the Suncorp Stadium, and has been consolidating office space to reduce environmental impact, and providing easy to use waste recycle bins in major offices and reducing the amount of landfill waste.

Suncorp Secured Car Loan

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Suncorp Secured Car Loan

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Written by: Regina Collins | Last updated: