Benefits of a renovation loan

A Commonwealth Bank personal loan allows you to borrow an amount from $5,000 for smaller projects right up to $50,000 for bigger home improvements. You can also choose to pay it weekly, fortnightly or monthly over a loan term from one year up to seven years. This can be a much faster way to cover your costs than adding them to your home loan.

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.

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