Features & benefits
Fixed Rate Personal Loan
-
A fixed interest rate means fixed repayments. You know exactly how
much you need to pay each month.
-
Applying is quick and easy. There's no loan interview and you’ll get
an instant decision*.
-
Borrow from $5,000 to $50,000. If you want to borrow less than
$5,000, take a look at our Personal
Overdraft.
-
Choose a term from one to seven years. So you can pay it off quickly
or spread it
out a bit.
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No security is needed. You don’t need to back your loan with an
existing asset.
-
Make your repayments weekly, fortnightly or monthly depending on
when you
get paid.
-
Make extra repayments up to an additional $5,000 p.a. If you ever
have spare cash you could pay off your loan faster and save on interest at a
small cost.
-
Important
information
Apply before midday Monday to Friday, and if you’re approved, we’ll give
you access to your loan that day
Statement of the cost of credit
As at 14/12/2011 the annual
percentage rates for Variable Rate Personal Loans start from
14.90% p.a. (view comparison rate), for Fixed Rate Personal Loans start
from 14.65% p.a. (view comparison rate) and for Fixed Rate Secured Loans is
10.99 %
p.a. (view comparison rate). Fees and charges are payable. These
annual percentage rates may change. Please ask at any Commonwealth Bank branch
or call us on 13 1431, 8am to 8pm, 7 days a week for our up-to-date interest
rates.
*Subject to system availability. Unavailable when a guarantor is required, if
an application is incomplete or if an application needs to be referred for a
more detailed review by a lending specialist. All customers will need to go to
a branch for identification, verification and contract signing. 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.
