Managing your personal loan

A Commonwealth Bank Personal loan can be a fast and convenient way to raise finance to snap up that car, make home renovations or go away on holiday. However, once you've secured your loan, it's important to manage it efficiently and effectively.

Tips on managing your loan

Create a budget
A budget is simply a tool that is used to plan spending and savings. You can think of it as a roadmap for navigating your finances. Try our handy budget planner.

Set up a salary credit or direct debit
You can have your repayments made straight from your salary, or from one of your other accounts, by direct debit. To arrange a salary credit, please talk to your employer. To organise a direct debit, visit any Commonwealth Bank branch.

Online banking
NetBank is a virtual Commonwealth Bank branch on your computer that gives you complete control over your finances, 24 hours a day, 7 days a week.

Insurance
CommInsure offers a range of insurance options designed to protect your loan.

Struggling to meet repayments?

If you have any difficulties making your repayments then you should contact your nearest Commonwealth Bank branch, or ring 13 14 31 from 8am to 8pm, 7 days a week. The Commonwealth Bank may be able to assist in times of financial difficulty and will consider a full range of options for dealing with your individual situation.

Important information

Applications for finance are subject to the Commonwealth Bank's normal credit approval. Full terms and conditions will be included in our loan offer. Other fees and charges are payable.

The Personal Loan application should be completed by the applicant(s) only. The contract is a direct contract between The Commonwealth Bank and the applicant(s).

• Statement of the cost of credit
• As at the 14 December 2012 the annual percentage rates for Variable Rate Personal Loans start from 13.90% p.a., Fixed Rate Personal Loans start from 13.90% p.a. and for Fixed Rate Secured Loans is 9.49% pa. Fees and charges are payable. These annual percentage rates may change. Please ask at any Commonwealth Bank branch or call us on 13 14 31 8am to 8pm 7 days a week for our up to date interest rates.
  
• Streamline and electronic banking services are issued by the Commonwealth Bank of Australia ABN 48 123 123 124 (electronic banking services include telephone banking, NetBank and BPay). Product Disclosure Statement (PDS's) are available for these products on this website or from any branch of the Commonwealth Bank. The PDS should be considered before making any decision about these products.