Personal loans

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 (Unsecured Fixed interest rate and comparison rate calculations are inclusive of the 2.50% p.a. discount ending 14 August 2022):

• 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

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

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 6.99% 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.