Take control of your finances

Fixed Rate Loan

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

Variable Rate Loan

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

Achieve your goals

Take control now

Paying off more than one debt at a time is not uncommon. But if you’re struggling to manage your debt repayments, consolidation may well be worth considering.

Tools & calculators

Help me choose

Use our personal loan selector tool to work out whether a Variable or Fixed Rate loan better suits your needs. Just remember, only an unsecured variable or fixed rate loan are able to be used to consolidate your debt.

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

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 actual interest rate may be different from our lowest advertised interest rates (referred to as "From" rates), as it will be based on a number of factors, including the information you provide and our assessment of your application. We will confirm your actual interest rate in your loan offer document.

Unsecured personal loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years are as follows:

  • with the minimum interest rate for a variable rate loan of 13.90% p.a. (14.77% p.a. comparison rate) or with the minimum interest rate for a fixed rate loan of 12.99% p.a. (13.86% p.a. comparison rate), the estimated total amount payable including fees is $42,540 or $41,696 respectively; and
  • with the maximum interest rate for a variable rate or fixed rate loan of 18.9% p.a. (19.74% p.a. comparison rate), the estimated total amount payable including fees is $47,344.

The Comparison rate is calculated on loans as follows:

  • For Variable Rate Loans: comparison based on an unsecured $30,000 loan over five years;
  • For Fixed Rate Loans: for loan terms of 1 to 3 years, comparison based on an unsecured $10,000 loan over 3 years. For loan terms of 4 to 7 years, comparison based on an unsecured $30,000 loan over 5 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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 are payable. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.