Personal loans – CommBank

1 Additional repayments made on a Fixed Rate Loan are not available to be redrawn. View

1 Additional repayments made on a Fixed Rate Loan are not available to be redrawn. View the Personal Loan Terms and Conditions.  

Your interest rate is based on a number of factors, including the information you provide and our assessment of your application. We’ll confirm your interest rate in your loan offer document

Unsecured personal loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a $30,000 unsecured loan over 5 years and are as follows:

  • The minimum interest rate for the Variable Rate Personal Loan and Fixed Rate Personal Loan is 11.50% p.a. (12.38% p.a. comparison rate), and the estimated total amount payable including fees is $40,377. 
  • The representative rate for the Variable Rate Personal Loan and Fixed Rate Personal Loan is 13.50% p.a. (14.37% p.a. comparison rate), and the estimated total amount payable including fees is $42,168.
  • The maximum interest rate for the Variable Rate Personal Loan and Fixed Rate Personal Loan is 18.50% p.a. (19.34% p.a. comparison rate), and the estimated total amount payable including fees is $46,949.

Secured car loan repayment terms range from 1 to 5 years. Interest rate ranges and representative examples are based on a $30,000 secured loan over 5 years and are as follows:

  • The minimum interest rate for the Secured Car Loan is 6.99% p.a. (8.05% p.a. comparison rate), and the estimated total amount payable including fees is $36,484.
  • The representative rate for the Secured Car Loan is 7.99% p.a. (9.04% p.a. comparison rate), and the estimated total amount payable including fees is $37,339.
  • The maximum interest rate for the Secured Car Loan is 9.99% p.a. (11.03% p.a. comparison rate), and the estimated total amount payable including fees is $39,086.

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.

Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions. Full terms and conditions will be included in our loan offer. Fees and charges payable. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.

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