Get a lower rate when you secure your car with a Secured Fixed Rate Car Loan1

  • From 6.29 % PA

    Comparison rate 7.71% p.a.

    • Rate range 6.29% p.a. - 10.29% p.a. for a standard Secured Fixed Rate Car Loan
    • Comparison rate usually 7.71% p.a. - 11.66% p.a.

    Get my rates & apply

Current offers

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:

  • Purchase a vehicle through the Buy and own a car platform; and
  • Finance it with a Secured Fixed Rate Car Loan.~

EV Access Program (EVAP)

Get a special rate of 5.29% p.a. (comparison rate 6.72% p.a.) on a Secured Fixed Rate Car 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 plug-in hybrid vehicle up to $55,000.##

CommBank car finance options

Secured Fixed Rate Car Loan

 Features

  • You could unlock a lower rate by using the car you’re buying as security2
  • 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: 6.29%1 p.a. to 10.29% p.a. (comparison rate: 7.71% p.a. to 11.66% p.a.)
  • Representative rate: 8.29%3 p.a. (comparison rate: 9.68% p.a.)

 Fees

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

 Offers

Car cashback: Rev up your savings and get up to $400 cashback if you are a CommBank Yello customer, purchase a vehicle through the Buy & own a car platform and finance it with a Secured Fixed Rate Car Loan.~

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: 7.00% p.a.1 to 22.00% p.a. (comparison rate: 8.41% p.a. to 23.29% p.a.)
  • Representative rate: 16.00%3 p.a. (comparison rate: 17.32% p.a.)

 Fees

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

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: 7.00%1 p.a. to 22.00% p.a. (comparison rate: 8.05% p.a. to 22.88% p.a.)
  • Representative rate: 16.00%3 p.a. (comparison rate: 16.94% p.a.)

 Fees

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

 Offers

Save $250 for a limited time
Save $250 with no establishment fee on a Variable Rate Personal Loan when you apply and fund between 19 August to 10 October 2025.`

Get my rates & apply

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
  • Live in Australia
  • Be an Australian or New Zealand citizen, Australian 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 if you’re a new customer​
  • Passport details if you’re on a visa
  • 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 Fixed Rate Car 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

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.

Not sure which loan is right for you?

Answer up to 4 questions and we'll show a personal loan that may suit your needs. 

Find out about other car brands

Frequently asked questions

Yes, CommBank offers flexible Personal Loan options, whether you’re thinking about buying a new or used Toyota.

  • For a Secured Fixed Rate Car Loan, you can borrow between $4,000 and $120,000.​
  • For an Unsecured Fixed and Variable Rate Personal Loans, you can borrow between $4,000 and $50,000​
  • Use the borrowing calculator  to give you an idea of how much you might be able to borrow.​ Your borrowing capacity depends on a range of factors such as your credit score

You can use CommBank’s car loan calculator to estimate your repayments.​

  • When you apply for a CommBank Personal Loan, you'll get offered personalised interest rates based on your individual credit score.
  • You can get your personalised interest rates without affecting your credit score. If you decide to proceed with an application after receiving your rate, then a credit check will be carried out and recorded on your credit report.

All references are for informational purposes only. With the exception of any information relating to CBA finance options, CBA does not recommend or endorse any particular vehicle brand or model. Any car brands referenced do not recommend or endorse any CBA finance products. There are no special CBA financing discounts or offers available for any particular car brand. Any car brand name referenced is a trade mark of the relevant car manufacturer.

Things you should know

 
  • ` 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:

    • If you are a CommBank Yello customer, you may qualify for a once-off cashback if you purchase a car through the Buy & Own a Car platform, and finance the purchase with an Eligible CommBank Secured Fixed Rate Car Loan (Cashback).
    • To be eligible for this Cashback, you must: 
      • Enquire about and purchase a vehicle using the Buy & Own a Car platform;
      • Finance the vehicle purchase with a CommBank Secured Fixed Rate Car Loan; and
      • Be assessed by us as being in the relevant CommBank Yello tier during the month in which your Secured Fixed Rate Car Loan is funded (see tiers below).
    • The amount of the Cashback you receive will depend on which CommBank Yello tier you are in, as follows:
      • CommBank Yello $100
      • CommBank Yello+ $200
      • CommBank Yello Gold $300 and
      • CommBank Yello Diamond $400
    • The Cashback will be paid to your nominated CommBank Yello cashback account within four weeks of your Secured Fixed Rate Car Loan being funded (and after you’re approved for the loan, accept your contract and complete verification. Loan approval is subject to credit checks and assessment of your application).
    • The Cashback will appear in the account where any cashback on CommBank products would be paid under the CommBank Yello program (see CommBank Yello Terms & Conditions published here) with the reference: ‘CBA Yello [XXX]’.
    • We reserve the right to close or vary this offer at any time, including the amount of Cashback and the eligible tiers of CommBank Yello.

    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 plug-in hybrid vehicle emitting less than 75g 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 7.00%2 p.a. to 22.00% p.a. (comparison rate from 8.41% p.a. to 23.29% p.a.). The estimated total amount payable including fees is between $36,792 and $50,864
    • The representative rate is 16.00%3 p.a. (17.32% p.a. comparison Rate), based on this representative rate the estimated total amount payable including fees is $44,923

    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 7.00%2 p.a. to 22.00% p.a. (comparison rate from 8.05% p.a. to 22.88% p.a.). The estimated total amount payable including fees is between $36,792 and $50,864
    • 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 $44,923

    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:

    • Interest rates range from 6.29%2 p.a. to 10.29% p.a. (comparison rate from 7.71% p.a. to 11.66% p.a.). The estimated total amount payable including fees is between $36,192 and $39,652
    • The representative rate is 8.29%3 p.a. (9.68% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $37,898

    1 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.

    2 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.

    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.

    ** 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.

    4 Additional repayments made on a fixed rate and secured fixed rate car 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.

     Eligible vehicles must be fully electric or plug-in hybrids emitting less than 75g 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.

    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 Popular car makes and models are based on secured car loans fundings with CBA July 2024 – March 2025.

    ^^ 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.