Help & support
Available for a limited time when you apply and fund an Unsecured Fixed Rate or Unsecured Variable Rate Personal Loan between 05 August and 10 October 2024~
Use our borrowing power calculator, and quickly and easily get a better understanding of:
Browse cars, apply for finance and get the most from your car. And you can enjoy special offers for CommBank customers.
Secure your new wheels and get on the road sooner with a CommBank Personal Loan.
A CommBank Personal Loan help you get your dream car, whether you’re looking to:
To be eligible to apply for a personal loan, you must:
Repayment calculator
Understand what your repayments will be. Adjust the term and the amount to meet your budget.
Yes, approvals are valid for 60 days. If you need more time before finalising the purchase of your vehicle, we can look to extend your approval on expiry.
No worries, you can still take out a CommBank Personal Loan. You’ll just need to choose an Unsecured Fixed Rate Loan or an Unsecured Variable Rate Loan.
Yes, for a Secured Personal Loan. You’ll need to provide a tax invoice from the dealership, or a completed Private Sale Invoice if you’re buying from a private seller. You won’t need to provide this if you’re taking out an Unsecured Loan.
Yes, for a Secured Personal Loan. For a new car, you’ll need to provide details of your comprehensive car insurance policy. For a used car, you must provide details of your comprehensive car insurance policy and a certificate of registration. You won’t need to provide this for an Unsecured Personal Loan.
Yes. If you’re looking to buy an eligible electric or hybrid vehicle, we provide a discount on the interest rate. See more here.
This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:
~ Offer available for a limited time. Apply and fund an Unsecured Fixed Rate or Unsecured Variable Rate Personal Loan between 5 August 2024 and 10 October 2024 to save $250 on the establishment fee (comparison rate calculations are inclusive of this offer).
We reserve the right to close or vary this offer at any time.
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 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:
1 The car you’re using as a security must be up to seven years old, not be currently under finance and have an active comprehensive insurance policy. The comprehensive insurance policy must be organised prior to loan funding.
2 Your borrowing capacity depends on a range of factors such as your credit score.
3 Eligible vehicles must be fully electric or hybrids emitting less than 120g C02 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.
4 Interest rates at the lower end of our range, for example 8.50%/8.50%/6.99% p.a. (comparison rate 9.53%/9.53%/8.40% 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.
5 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.
6 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.
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.