Features & benefits
Variable Rate Personal Loan
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A competitive variable interest rate gives you the flexibility to
make extra repayments at any time without a fee.
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You may be able to access extra funds by redrawing additional
repayments you’ve already made.
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Applying is quick and easy. There's no loan interview and you’ll get
an instant decision*.
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Borrow from $5,000 to $50,000. If you want to borrow less than
$5,000, take a look at our Personal
Overdraft.
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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.
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Make your repayments weekly, fortnightly or monthly depending on
when you get paid.
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Important
information
Applications for finance are subject to the Bank’s normal credit approval.
Full terms and conditions will be included in the loan offer. Fees and charges
are payable
Statement of the cost of credit
As at the 3/9/2010 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 14.90% p.a. (view comparison rate) and for Fixed Rate Secured Loans is
10.99% pa
(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 14 31 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.
