Commonwealth Bank

The Commonwealth Bank of Australia (abbreviated CBA or CommBank) is an Australian multinational bank with businesses across New Zealand,Iceland, Asia, Africa, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Commonwealth Bank is also the largest bank in the Southern Hemisphere.

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5.36% p.a

Fixed Rate Loan

5.22 % p.a

Comparison Rate*

$150

Monthly repayment

$4k to $50k

Loan amount

Types of Loans Offered

Fixed Rate Loan

Stay in control with a fixed interest rate and fixed repayments for the life of the loan
Make up to $1,000 in extra repayments per year without a fee¹
Borrow from $4,000 to $50,000

Secured Car Loan

Pay a lower interest rate by using your car as security for a secured personal loan
Stay in control with a fixed interest rate and repayments for the life of the loan
Make up to $1,000 in extra repayments per year without a fee

Variable Rate Loan

Flexibility to make extra repayments without a fee
Redraw available funds through your redraw facility
Borrow from $4,000 to $50,000

Flexible home loan

We’ve got flexible home loan options to suit your changing lifestyle. Enjoy the certainty of knowing exactly what your monthly repayment will be. Fix your repayment for periods of 1 to 5, or 7 years.

Features & Benefits

Loan Amount

Borrow from $4,000 to $50,000

Manage your loan anywhere and at any time

Make repayments and track your loan in NetBank and the CommBank app.

Early Repayments

Flexibility to make extra repayments without a fee

Things you should know

Your actual interest rate may be different from our lowest advertised interest rates (referred to as “From” rates), as it will be based on a number of factors, including the information you provide and our assessment of your application. We will confirm your actual 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 an unsecured loan of $30,000 borrowed for 5 years are as follows:

with the minimum interest rate for a variable rate loan of 13.90% p.a. (14.77% p.a. comparison rate) or with the minimum interest rate for a fixed rate loan of 12.99% p.a. (13.86% p.a. comparison rate), the estimated total amount payable including fees is $42,540 or $41,696 respectively; and
with the maximum interest rate for a variable rate or fixed rate loan of 18.9% p.a. (19.74% p.a. comparison rate), the estimated total amount payable including fees is $47,344.

The Comparison rate is calculated on loans as follows:

For Variable Rate Loans: comparison based on an unsecured $30,000 loan over five years;
For Fixed Rate Loans: for loan terms of 1 to 3 years, comparison based on an unsecured $10,000 loan over 3 years. For loan terms of 4 to 7 years, comparison based on an unsecured $30,000 loan over 5 years;
For Secured Car Loan: comparison based on a secured $30,000 loan over 5 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Applications for finance are subject to the Bank’s normal credit approval.

Commonwealth Bank