Rates & fees

Interest rate

Rate type	Interest Rate
Fixed rate	From 14.15% p.a.
Comparison rate	17.27% p.a.* based on an unsecured $10,000 loan over three years View Schedule

 

• Important information: 
  * Comparison Rate Schedules are available online by selecting the 'View Schedule' link above or from any branch of the Commonwealth Bank. 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.  

 

Fees & charges

Fees that will apply

Fee type	Definition	Amount
Establishment fee	Upfront cost payable when accepting a loan	$150
Loan service fee	Monthly charge to cover costs of keeping account active	$10 per month

 

Fees that may apply

Fee type	Definition	Amount
Guarantee fee	Fee charged to cover the costs of adding a guarantor to the loan	$120
Settlement cheque fee	Cheques provided to help you pay different recipients with your loan borrowings	Two free $10 for every additional cheque $10 cancellation fee
Late payment fee	Fee charged if a payment is not received within 5 business days of the due date	$20
Early repayment adjustment	An early repayment adjustment may be made for the loss the Bank expects to make due to the loan being repaid earlier than anticipated. The early repayment adjustment is levied to put the Bank back into the same financial position it would have been in had the loan not been prepaid.	Full details on how we calculate the Early Repayment Adjustment can be found in our Standard Fees and Charges for Secured, Fixed and Variable Rate Personal Loans, Campus Loans and Overdrafts brochure.
Other electronic banking fees	Please refer to our Electronic Banking General Information and Terms and Conditions

 

• Important information
  Interest rate effective as at 11 May 2012. A copy of our Standard Fees and Charges for Personal Loans and Personal Overdrafts can be picked up from any of our branches, or by calling 13 14 31, 8.00am to 8.00pm, 7 days a week.