Current offers

Limited time offer

Reach your goals this summer and save $250 on the establishment fee with an Unsecured Personal Loan

Available for a limited time when you apply and fund an Unsecured Fixed Rate or Unsecured Variable Rate Personal Loan between 05 November 2024 and 25 February 2025~

Get started

EV Access Program (EVAP)

Get a special rate of 5.49% p.a. (comparison rate 6.92% p.a.) on a Secured Personal Loan which includes an energy-efficient discount if you’re;

  • an eligible essential worker# or have a gross income of less than $100,000 p.a.
  • purchasing an eligible electric or hybrid vehicle up to $55,000.##

Get on the road sooner with your next car

Browse cars, apply for finance and get the most from your car. And you can enjoy special offers for CommBank customers.

You could enjoy:

  • Manufacturer discounts on eligible electric vehicles
  • Discounted rates on car finance for your next EV or hybrid vehicle1

Choose a personal loan that’s right for you

Secured Personal Loan

Features
  • You could unlock a lower rate by using the car you’re buying as security
  • Make additional repayments, subject to an early repayment adjustment4
  • Borrow from $4,000 to $120,000 over a term of one to seven years
Rates
  • Interest rates: 6.49%2 p.a. to 10.49% p.a. (comparison rate: 7.90% p.a. to 11.86% p.a.)
  • Representative rate: 8.49%3 p.a. (comparison rate: 9.88% p.a.)

Fees

  • $250 establishment fee
  • $15 monthly loan service fee
  • Other fees may apply, e.g. early repayment fee. See more

 

 

Fixed Rate Loan

Features
  • Fixed interest rate and repayments for the term of the loan
  • Make additional repayments, subject to an early repayment adjustment4
  • Borrow from $4,000 to $50,000 over a term of one to seven years
Rates
  • Interest rates: 8.00% p.a.2 to 20.00% p.a. (comparison rate: 9.04% p.a. to 20.89% p.a.)
  • Representative rate: 15.50%3 p.a. (comparison rate: 16.44% p.a.)
Fees
  • $0 establishment fee (save $250)
  • $15 monthly loan service fee
  • Other fees may apply, e.g. early repayment fee. See more

OFFER

Save $250 for a limited time

Save $250 with no establishment fee on Fixed Rate Personal Loans when you apply and fund between 05 November 2024 and 25 February 2025~

 

Variable Rate Loan

Features
  • Flexibility to make extra repayments without a fee
  • Redraw available funds through your redraw facility
  • Borrow from $4,000 to $50,000 over a term of one to seven years
Rates
  • Interest rates: 8.50%2 p.a. to 20.50% p.a. (comparison rate: 9.53% p.a. to 21.39% p.a.)
  • Representative rate: 16.00%3 p.a. (comparison rate: 16.94% p.a.)

Fees

  • $0 establishment fee (save $250)
  • $15 monthly loan service fee
  • Other fees may apply, e.g. late payment fee. See more

OFFER

Save $250 for a limited time

Save $250 with no establishment fee on Variable Rate Personal Loans when you apply and fund between 05 November 2024 and 25 February 2025~

Apply now

Estimate what your repayments could be

I would like my next car to be a...

New car

For new cars (or used cars less than seven years old).

Car loans for new cars

Used car

For any used car.

Car loans for used cars

Get started

  • Apply: Fill in the online form. We’ll ask you some details and you’ll get a response within 60 seconds after you submit your application.
  • 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.

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

  • Be over 18 years old
  • Be eligible to work in Australia
  • Be an Australian citizen, permanent resident or hold an eligible visa
  • Be employed or receive regular income
  • Have a good credit rating
  • Not be going through the process of bankruptcy

During the application process, we may ask you for some documents. These may include:

  • Proof of ID, depending on whether you’re a new or existing customer
  • Visa details if you’re not a citizen or permanent resident
  • Proof of income if your application is approved and your salary is not paid into a CommBank account
  • Debt with other financial institutions if you have any and your application is approved
  • If you’re applying for a Secured Personal Loan to purchase a car, we’ll ask you for some documents relating to the car you’re purchasing
  • For more detailed information on the documents you may need to provide, see here

Resources to help you with your next car purchase

How to use a personal loan to buy a car

Looking to purchase a new set of wheels? We explain how a personal loan could be used.

The costs of owning a car

Things you should know

 
  • Offer available for a limited time. Apply and fund an Unsecured Fixed Rate or Unsecured Variable Rate Personal Loan between 5 November 2024 and 25 February 2025 to save $250 on the establishment fee (comparison rate calculations are inclusive of this offer).

    For the EV Access Program (EVAP) essential workers are individuals employed as teachers/instructors, medical/veterinarians, government officials and care workers.

    ## You must be buying an electric or hybrid vehicle emitting less than 120g of CO2 per kilometre with a total loan amount of less than or equal to $55,000.

    We reserve the right to close or vary this offer at any time.

    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

    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 8.00%2 p.a. to 20.00% p.a. (comparison rate from 9.04% p.a. to 20.89% p.a.). The estimated total amount payable including fees is between $37,398 and $48,589
    • The representative rate is 15.50%3 p.a. (16.44% p.a. comparison Rate), based on this representative rate the estimated total amount payable including fees is $44,196

    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 8.50%2 p.a. to 20.50% p.a. (comparison rate from 9.53% p.a. to 21.39% p.a.). The estimated total amount payable including fees is between $37,830 and $49,091
    • The representative rate is 16.00%3 p.a. (16.94% p.a. comparison Rate), based on this representative rate the estimated total amount payable including fees is $44,673

    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 10.49% p.a. (comparison rate from 7.90% p.a. to 11.86% p.a.). The estimated total amount payable including fees is between $36,361 and $39,830
    • 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

    Eligible vehicles must be fully electric, or hybrids emitting less than 120g CO2 emissions per kilometre. If you're using the car as security it must be no more than seven years old, not currently under finance and have an active comprehensive insurance policy. The comprehensive insurance policy must be organised prior to loan funding.

    2 Interest rates at the lower end of our range, for example 8.00%/8.50%/6.49% p.a. (comparison rate 9.04%/9.53%/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 that 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.

    4 Additional repayments made on a fixed rate and secured personal loan 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.

    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.

    To find out more details about the award CommBank has received from Canstar, please go to https://www.canstar.com.au.

    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.