Commonwealth Bank reduces Unsecured Personal Loan interest rates

Friday 13th February, 2009

What you need to know

The Commonwealth Bank is decreasing its Unsecured Personal Loan interest rates in response to the Reserve Bank of Australia’s recent cash rate decrease.

The following interest rate changes are effective from Friday 13 February 2009:

 

Old Interest

Rate (p.a.)

Old Comparison

Rate (p.a.)

New Interest

Rate (p.a.)

New Comparison

Rate(p.a.)

 Variable Rate Personal Loan

From 13.90%

From 16.91

From 13.40%

From 16.41%

 Fixed Rate Personal Loan

From 13.30%

From 16.32%

From 12.80%

From 15.82%

 Fixed Rate Secured Loan

9.80%

From 10.84%

No Change

No Change

 

Want to know more?

Visit our Personal Loans page to find out more information and how to apply.

The Commonwealth Bank offers instant approvals and same-day access to funds* so getting a personal loan has never been easier.

  • Important information: *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. All variable rate comparison rates are calculated on the basis of unsecured credit of $10,000 over a 3 year term.   The Fixed Rate Secured Loan comparison rates are calculated on the basis of secured credit of $30,000 over a 5 year term.    Comparison rate schedules are available by calling 13 2224 or by visiting any branch. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 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