Compare Suncorp Bank Car Loans & Interest Rates - Best Find

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Type of vehicle loan

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Suncorp Bank Car Loans

Secured Fixed Car Loan

We offer you a low interest rate in return for using your car as security for the loan. Plus, plan your budget with fixed repayment amounts and enjoy the flexibility to make extra payments when you choose.

Overview

Minimum loan amount$5,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Advertised rate6.99%

Comparison rate8.20%

Monthly repayments (approx)$314

Total repayments (approx)$11,314

Total interest repayments (approx)$1,314

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$175

Other Fees & Information

Monthly fee$5.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$20

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$300

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 11 75

Data accurate as of02.04.2017

Comparison warning The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as 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 is based on a $30,000 loan over 5 years.

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Compare 100s of car loans

Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review Suncorp Bank car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing Suncorp Bank car loans, there are other key facts to consider and understand, other than just Suncorp Bank’s interest rates.

What car loan options are available?

Suncorp Bank has 1 car loan product:

  • Suncorp Bank Secured Fixed Car loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Suncorp Bank personal loansSuncorp Bank home loan and Suncorp Bank credit cards.

Do you have a Suncorp Bank car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Suncorp Bank directly.

How to apply for a Suncorp Bank car loan?

If you’d like to apply online for a Suncorp Bank car loan, just scroll up and click on “Learn more” to be taken to Suncorp Bank’s secure online application form. Before you apply, be sure to learn about Suncorp Bank’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

Suncorp Bank’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the Suncorp Bank’s lending criteria. Below is high-level overview of Suncorp Bank’s criteria:

Suncorp Bank’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $5,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the Suncorp Bank branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Suncorp Bank car loan

There are many additional factors Suncorp Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Suncorp Bank car loan for?

Examples of common loan purposes Suncorp Bank will lend for:

Additional Suncorp Bank car loan information

Suncorp Bank’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $5,000 and $80,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Suncorp Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Suncorp Bank allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

Suncorp Bank’s Secured Fixed Car loan requires an asset (typically, the vehicle) as security.