Travel loan

Suitable loans and benefits

A Personal loan with a regular repayment plan can be an easy and fast way to fund fares, accommodation, car rentals and more for your trip.

You could also use some of your loan for a Travel Money Card.

Benefits of a travel loan

These days many of us have stressful jobs, are working long hours or struggling to find the right balance between work and home life. A well-earned break is obviously the answer but financing it can be another matter.

Personal loans often have lower interest rates than other credit options and, because you’ve borrowed a set amount upfront, you may find it easier to stick to your travel budget.

A Commonwealth Bank Personal Loan lets you borrow an amount from $5,000 to $50,000 and repay it weekly, fortnightly or monthly over a set length of time between one to seven years. So whatever your idea of a dream holiday is, you can have the money you need to fund it and repay it in regular manageable amounts.

If you choose a fixed interest rate, you’ll know exactly how much you have to pay each month. If you choose a variable rate, you’ll be able to make extra repayments at any time you have some spare cash without incurring a fee.

Apply quickly and easily online, by calling 13 1431 or visiting any branch. If you’re an existing customer you could get instant approval and same-day funding*.

 

• Important information
  *Apply before midday Monday to Friday, and if you’re approved, we’ll give you access to your loan that day. Unavailable for secured loans, when a guarantor is required, if an application is incomplete or needs to be referred for a more detailed review by a lending specialist and subject to system availability. Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Commonwealth Bank of Australia ABN 48 123 123 124.