Limited time: $250 cashback on unsecured personal loans

Get $250 cashback on a new unsecured personal loan. Available to eligible CommBank Yello~ customers who:

  • Submit an application between 1 November 2023 and 29 February 2024; and
  • Fund a loan amount of $20,000 or more; and
  • Qualify as an eligible CommBank Yello~ customer the month after your loan is funded

Why choose CommBank?

Competitive interest rates

Know you’re getting the rate that is personalised according to your circumstances.

Quick and easy application

Complete the online application in about 15 minutes, and get a response in as little as 60 seconds.

Same-day funding

You could receive the funds on the same day you apply (if eligible)^.

Helping over 100,000 customers with their goals every year with a
CommBank personal loan

Choose a personal loan that’s right for you

Fixed Rate Loan

  • Stay in control with a fixed interest rate and repayments for the term of the loan
  • Interest rates: 8.49% p.a.2 to 20.49% p.a. (comparison rate: 9.88% p.a. to 21.78% p.a.)
  • Representative rate: 15.99%3 p.a. (comparison rate: 17.31% p.a.)
  • Borrow from $4,000 to $50,000
  • Make up to $1,000 in extra repayments per year without a fee1

Offer

$250 cashback on unsecured personal loans. Available to eligible CommBank Yello~ customers who:

  • Submit an application between 1 November 2023 and 29 February 2024; and
  • Fund a loan amount of $20,000 or more; and
  • Qualify as an eligible CommBank Yello~ customer the month after your loan is funded

Variable Rate Loan

  • Flexibility to make extra repayments without a fee
  • Interest rates: 8.00%2 p.a. to 20.00% p.a. (comparison rate: 9.40% p.a. to 21.30% p.a.)
  • Representative rate: 15.50%3 p.a. (comparison rate: 16.83% p.a.)
  • Borrow from $4,000 to $50,000
  • Redraw available funds through your redraw facility

Offer

$250 cashback on unsecured personal loans. Available to eligible CommBank Yello~ customers who:

  • Submit an application between 1 November 2023 and 29 February 2024; and
  • Fund a loan amount of $20,000 or more; and
  • Qualify as an eligible CommBank Yello~ customer the month after your loan is funded

Secured Personal Loan

  • You can typically pay a lower rate by using your current car or the car you’re buying as security 
  • Interest rates: 6.49%2 p.a. to 12.99% p.a. (comparison rate: 7.90% p.a. to 14.34% p.a.)
  • Representative rate: 8.49%3 p.a. (comparison rate: 9.88% p.a.)
  • Borrow from $4,000 to $100,000
  • Make up to $1,000 in extra repayments per year without a fee

All the ways you can use a CommBank Personal Loan

Car

Buy your dream car, whether it’s new or used

Find out more

Electric vehicle (EV)

Cover your electric vehicle and charging station needs

Find out more

Debt consolidation

Streamline your finances and better manage your debt

Find out more

Home improvement

Design your dream home, whether you’re looking to renovate or redecorate

Find out more

Solar & battery

Go green with solar panels and battery packs

Find out more

Travel

Cover your travel costs when you’re planning your dream getaway

Find out more

Education

Invest in your future and cover your education expenses

Find out more

Other goals

Wedding, baby, medical expenses or other personal investments

Find out more

Apply

Apply online. It will take about 15 minutes and we’ll ask you some details. You can also apply over the phone or in branch

Response

After you submit, we’ll give you a response in 60 seconds

Contract

If approved, we’ll send you a contract. Accept the contract if you’re happy with the terms

Verify

We may ask you for some additional documents

Not sure which personal loan is right for you? 

Live sustainably and save

Enjoy lower interest rates for eligible sustainable purchases. 

We'll help you go green with a lower rate of 7.50% p.a. on Unsecured Fixed and Variable Rate loans and 5.99% p.a. on a Secured loan. Comparison rates are 8.90% p.a. for Unsecured Fixed and Variable Rate loans and 7.41% p.a. for Secured loans.

Discover green discounts

Are you eligible to apply?

  • To be eligible to apply for a personal loan, you must:

    • Be at least 18 years old
    • Be an Australian or New Zealand citizen, Australian Permanent resident, or hold an eligible visa
    • Meet minimum income requirements
    • Be employed or have regular income
    • Have a good credit rating

Achieve your goals

Tools & calculators

  • Help me choose

    Use our personal loan selector tool to choose between Variable, Fixed Rate or Secured.

    Use selector

  • Repayments calculator

    Understand what your repayments will be. Adjust the term and the amount to meet your budget.

    Use calculator

  • How much can I borrow?

    Estimate how much you can borrow and work out the repayments at the current interest rate.

    Use borrowing calculator

Things you should know

  • This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:

    • its appropriateness to your circumstances.
    • obtaining professional advice specific to your needs, including financial, taxation and legal advice.

    ~ This offer is only available to eligible CommBank Yello customers. You may be eligible to receive this offer if you meet the eligibility criteria of any of the benefit sets in the CommBank Yello Terms and Conditions and your eligibility is not excluded by those terms. The CommBank Yello Terms and Conditions and eligibility criteria may be subject to change. Please read the full CommBank Yello Terms and Conditions.
    Cashback will be paid in accordance with the CommBank Yello Terms and Conditions. 

    1 Additional repayments made on a Fixed Rate Loan are not available to be redrawn. View the Personal Loan Terms and Conditions.  

    Your interest rate is based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your interest rate in your loan offer document.

    Unsecured Fixed Rate Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 unsecured fixed rate loan over 5 years:

    • Interest rates range from 8.49%2 p.a. to 20.49% p.a. (comparison rate from 9.88% p.a. to 21.78% p.a.). The estimated total amount payable including fees is between $38,071 and $49,331
    • The representative rate is 15.99%3 p.a. (17.31% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $44,913

    Unsecured Variable Rate Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 unsecured variable rate loan over 5 years:

    • Interest rates range from 8.00%2 p.a. to 20.00% p.a. (comparison rate from 9.40% p.a. to 21.30% p.a.). The estimated total amount payable including fees is between $37,648 and $48,839
    • The representative rate is 15.50%3 p.a. (16.83% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $44,446

    Secured Personal Loan interest rate ranges and the representative rates are set out below. Comparison rates and examples are based on a $30,000 secured loan over 5 years:

    • Interest rates range from 6.49%2 p.a. to 12.99% p.a. (comparison rate from 7.90% p.a. to 14.34% p.a.). The estimated total amount payable including fees is between $36,361 and $42,096
    • The representative rate is 8.49%3 p.a. (9.88% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $38,071

    Interest rates at the lower end of our range, for example 8.00%/8.49%/6.49% p.a. (comparison rate 9.40%/9.88%/7.90% p.a.), may be offered to customers with an excellent credit history.

    An excellent credit history is determined by, among other things, paying your bills and making loan repayments on or ahead of time, being disciplined with your credit applications, and not overextending yourself financially.

    Actions which can negatively impact your credit history include missing bill or loan repayments, defaulting on your credit facility, or making a large number of credit applications in a short period of time. You can find out more about how your credit score is calculated and tips for improving your credit score at our Credit Score Information Hub.

    At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive.

    Your interest rate may be different and is based on a number of factors, including your credit history, the information you provide and our assessment of your application. We'll confirm your interest rate upon submission of your application.

    ^ You may be eligible for same-day funding if you’re approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of your financial situation. Unavailable if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, or if required documentation isn’t provided, and subject to system availability.

    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.

    Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions. Full terms and conditions will be included in our loan offer. Fees and charges payable. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.