Features & benefits

  • A loan of up to $50,000

    Borrow from $4,000.

  • Choose your repayment frequency and term

    Pay weekly, fortnightly or monthly over one to seven years.

  • Stay in control with a fixed interest rate

    Know exactly what your repayments will be for the life of the loan.

  • Flexibility to make additional repayments

    Up to $1,000 per year.1

  • Manage your loan anywhere, any time

    Make repayments and track your loan in NetBank and the CommBank app.

  • Same day funding

    You may be eligible to access your loan on the same day.2

Rates & fees

Rates

Rate type
Interest rate
Fixed rate
Range: 9.00% p.a. to 16.00% p.a. (Usually 11.50% p.a. to 18.50% p.a.#)
Representative rate^: 11.00% p.a. (Usually 13.50% p.a.#)
Comparison rate*
Range: 9.90% p.a. to 16.86% p.a. (Usually 12.38% p.a. to 19.34% p.a.#)
Representative rate^: 11.89% p.a. (Usually 14.37% p.a.#)

Things you should know

^ 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 will be 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

* The comparison rate is based on a $30,000 unsecured loan over 5 years. 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.

Fees

Fee type
Definition
Amount
Establishment fee
Upfront cost payable when accepting a loan
$150
Loan service fee
Monthly charge to cover costs of keeping account active
$10 per month

An upfront fee of $150 and ongoing monthly fee of $10 will apply, please consider these fees when deciding whether this loan suits your needs. Some additional fees, including a late-payment fee and other electronic banking fees may also apply. See more 

If you have Student Options, you're eligible for discounts on a range of products, including personal loans. 

How to apply

Apply online and get a response within 60 seconds. 

Alternatively, call us on 13 1431 8am to 7pm, Monday to Friday and 9am to 2pm on Saturday (Sydney/Melbourne time) or visit your local branch.

Apply now

1. Explore

Tell us what you want the loan for and explore your loan and repayment options.

2. About you

Tell us about you and your finances.

3. Review and submit online

Once we have your application we'll give you a response within 60 seconds.

4. Funding your loan

If you're approved, accept your contract and upload required supporting docs. New customers may need to visit a branch for an ID check.

Not sure which personal loan is right for you?

Tools & calculators

  • Help me choose

    Use our personal loan selector tool to choose between Variable, Fixed Rate or Secured.

    Use selector

  • Repayments calculator

    Understand what your repayments will be. Adjust the term and the amount to meet your budget.

    Calculate now

  • How much can I borrow?

    Estimate how much you can borrow and work out the repayments at the current interest rate.

    Calculate now

Message us for a quick response

Get instant answers from our virtual assistant, or connect to a specialist to discuss your options. Make sure you have notifications for the CommBank app turned on.

How to message us

Get help

Things you should know

  • Apply and fund a new Unsecured Fixed Rate Personal Loan by 14 August 2022 to receive a 2.50% p.a. discount on your approved interest rate.

    1 Additional repayments made on a Fixed Rate Loan are not available to be redrawn.

    2 You may be eligible for same day funding if you’re approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of your financial situation. Unavailable if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn’t provided and subject to system availability.

    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.

    Following the fixed rate period, if your loan hasn’t been repaid in full, the Standard Variable Rate will apply which is currently 13.50% p.a. This interest rate is effective as of 6 March 2020.

    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

    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.