Mortgage Business Suncorp to withdraw from personal lending By Annie Kane 09 February 2021 The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home lending”. While releasing its results for the first half of the financial year 2021 (1H21), Suncorp Bank announced that it will not only withdraw its personal loan products, it will also permanently cease underwriting new travel insurance policies under all brands, and exit Vero from Australian consumer and construction policies via Australian intermediated partners, including brokers. Suncorp currently offers both secured and unsecured personal loans starting from $5,000 on terms up to seven years.