Choose a personal loan

Fixed Rate Loan

For customers wanting a loan, where they have certainty of fixed repayments (with a term of up to 7 years) for personal purposes including, but not limited to, buying a car, home improvements, or debt consolidation​.

With this product you can:

  • Stay in control with a fixed interest rate and repayments for the term of the loan
  • Make up to $1,000 in extra repayments per year without a fee1
  • Borrow from $4,000 to $50,000

Tell me more

Variable Rate Loan

For customers wanting a loan with a variable interest rate that allows unlimited extra repayments for personal purposes including, but not limited to, buying a car, home improvements, or debt consolidation.​

With this product you can:​

  • Flexibility to make extra repayments without a fee
  • Redraw available funds through your redraw facility
  • Borrow from $4,000 to $50,000

Tell me more

Secured Car Loan

For customers wanting a loan, where they have certainty of fixed repayments (with a term of up to 7 years) for personal purposes including, but not limited to, buying a car, home improvements, or debt consolidation​.

With this product you can:​

  • Pay a lower interest rate by using your car as security for a secured personal loan
  • Stay in control with a fixed interest rate and repayments for the term of the loan
  • Make up to $1,000 in extra repayments per year without a fee
  • Borrow from $10,000 to $100,000

Tell me more

Not sure which personal loan is right for you?

Compare

Achieve your goals

Get on the road

Whether it's a new or second-hand car, a personal loan can help you pay for your car if you don’t have the funds up front.

Buying a car

Improve your home

A makeover can add new life to your home as well as adding value. Get your upgrade underway sooner rather than later.

Home improvements

Consolidate your debt

Having a number of debts can be a worry, but there are ways to manage your debt and stay on top of your finances. 

Debt consolidation

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

Manage your personal loan

Show me how

Quick guide to taking out a personal loan

Keep reading
5 things you'll need to apply for a personal loan

5 things you'll need to apply for a personal loan

Tips for getting your personal loan approved

Keep reading

We can help

Things you should know

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 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 11.50% p.a. to 18.50% p.a. (comparison rate from 12.38% p.a. to 19.34% p.a.). The estimated total amount payable including fees is between $40,337 and $46,949
  • The representative rate is 13.50% p.a. (14.37% p.a. comparison Rate), based on this representative rate the estimated total amount payable including fees is $42,168

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 Fixed interest rate and comparison rate calculations are inclusive of the 2.50% p.a. discount ending 4 July 2021):

  • Interest rates range from 9.00% p.a. to 16.00% p.a. (comparison rate from 9.90% p.a. to 16.86% p.a.). The estimated total amount payable including fees is between $38,115 and $44,523.
  • The representative rate is 11.00% p.a. (11.89% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $39,886.

Secured 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:

  • Interest rates range from 6.99% p.a. to 9.99% p.a. (comparison rate from 8.05% p.a. to 11.03% p.a.). The estimated total amount payable including fees is between $36,484 and $39,086
  • The representative rate is 7.99% p.a. (9.04% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $37,339

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.