Rates & fees

Interest rates

Rate type	Interest Rate
Variable rate	From 14.40% p.a.
Comparison rate	17.52%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
Repayment redraw fee	You may be able to redraw money you’ve paid back on your loan.	No fee for electronic redraws. $10 fee for branch redraws
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.