Help & support
Take control of your next step with a flexible CommBank Personal Loan that best suits you and puts you in charge.
Save $250 for a limited time
Whether it’s your dream holiday or a home renovation, make it happen with a Variable Rate Personal Loan and pay $0 establishment fee (usually $250).
You can also get your personalised rate without impacting your credit score.
Offer available when you apply and fund an Unsecured Variable Rate Personal Loan between 19 August to 10 October 2025.`
Up to $400 cashback on your new car
Rev up your savings and get up to $400 cashback if you’re a CommBank Yello customer and:
Get a discounted rate of 3.99% p.a. and no establishment or loan service fees
CommBank Home Loan customers looking to make an eligible energy-efficient purchase can enjoy:
Enjoy a truly digital experience with the CommBank app, where you’ll have access to a range of features:
Understand what your repayments will be. Adjust the term and the amount to meet your budget.
Use our personal loan selector tool to choose between Variable, Fixed Rate or Secured.
Use our comparison tool to see the estimated running costs, emissions and vehicle prices of an EV compared to a petrol, diesel or hybrid vehicle.
To be eligible to apply for a personal loan you must:
During the application process, we may ask you for some documents. These may include:
As recognised by Canstar and AFR for Digital Banking, Innovation and Sustainability.
A personal loan is a type of loan where you can borrow a certain amount of money to use for almost any personal expense and you’ll repay it over time with interest. They are typically used for large purchases like cars, renovations, or debt consolidation.
Loan amounts typically range from $4,000 to $120,000, depending on the lender and the type of personal loan you’re looking to apply for.
Top reasons include buying a new or used car, debt consolidation, home improvements, unexpected expenses, holidays, and living expenses.
Yes, you can refinance a personal loan. Refinancing involves taking out a new loan to pay off your existing one, ideally with better terms such as a lower interest rate, reduced monthly repayments, or a more flexible repayment schedule. It can also be a useful way to consolidate multiple debts into a single loan.
Yes, it can impact your credit score in either a positive or negative way. Being mindful about your applications and managing your credit responsibly can help keep your score healthy. However, if you submit multiple applications in a short period or frequently miss your loan repayments, it could have a negative effect. Some lenders, such as CommBank, provide you with the ability to check your rates upfront, prior to submitting your application. This won't have any impact to your credit score.
` Offer available for a limited time. When you apply and fund an Unsecured Variable Rate Personal Loan between 19 August to 10 October 2025 you will save $250 on the establishment fee (comparison rates are inclusive of this offer).
We reserve the right to close or vary this offer at anytime.
~ Full details around the offer eligibility are set out below:
This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:
1 Additional repayments made on fixed rate and secured fixed rate car loans are not available to be redrawn. An early repayment adjustment is charged if loan is fully repaid with 12 or more months remaining on loan term, and we reasonably estimate we will incur a loss or administrative cost. 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:
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:
Secured Fixed Rate Car 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:
2 Interest rates at the lower end of our range, for example 7.00%/7.00%/6.29% p.a. (comparison rate 8.41%/8.05%/7.71% 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.
3 At least half of our approved customers will receive the representative rate or lower.
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.
To find out more details about the award CommBank has received from Canstar, please go to https://www.canstar.com.au.
** 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.
^^ Our repayment calculator will estimate your repayments based on the Bank’s representative rate and your selected loan amount, loan term and loan type.
Calculations are not a quote or pre-approval. Your actual interest rate and repayment amount will depend on a range of factors including the information you provide and our assessment of your application. We'll tell you your actual interest rate and repayment amount if we approve your application. You can then decide whether to accept our offer.
Terms and conditions, fees and charges and credit criteria apply.
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.
