Help & support
For full interest and comparison rate detail visit Personal Loans
Since May 2022 the RBA has announced several increases to the official cash rate. As the cash rate is one factor that affects our cost of funds, we’ve decided to increase our personal loan variable interest rates from 1 March 2024.
Your new interest rate will apply from 1 March 2024. You’ll be able to see your new interest rate in the CommBank app or NetBank on the following day.
To see your current personal loan interest rate in the CommBank app:
To see your current personal loan interest rate in NetBank:
As a result of interest rates increasing, your minimum required repayment may need to increase. If it does, it won’t increase straight away – we’ll give you at least 30 days’ notice by separate communication if this is changing.
In the meantime, you can estimate how much your new repayments might be ahead of time using our Personal Loan Repayment Calculator.
Input your remaining loan amount and loan term, which can be found by selecting your personal loan account in NetBank or the CommBank app. Then, select ‘input interest rate’ and add the increase to your current rate.
We have a range of options and resources to help you with managing your personal loan and planning ahead.
Want to discuss what other options may be available to you? We’re here to support you – message us in the CommBank app if you’re a CommBank customer who’s falling behind, or think you may fall behind with repayments on your personal loan. Our Financial Assistance Solutions team can work with you, and you can also request financial assistance in NetBank. Messaging us is fast and convenient, but you can also visit our Contact us page for other ways to get in touch.
If you’re finding it hard to pay down your personal loan, we have a range of tools, tips and guidance articles to help you stay in control.
^ The representative rate is our variable interest rate before any discounts. Your current interest rate can be found in NetBank and the CommBank app. A new interest rate may apply when you apply to increase your loan amount, however you will be notified of this before you proceed.
Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions (PDF 284kb). Full terms and conditions will be included in our loan offer. Fees and charges are payable.