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Personal loans / Fixed Rate personal loan / Rates & fees

Rates starting from

  • 7.00%¹ % PA

    On a Fixed Rate Personal Loan. Comparison rate 8.41% p.a.

    • Rate Range: 7.00%1 p.a. - 22.00% p.a.
    • Comparison rates: 8.41%2 p.a. - 23.29% p.a.

Rates & fees

Interest rates

Rate type
Amount
Fixed
Interest rate: 7.00%1 p.a. to 22.00% p.a.
Comparison rate: 8.41%2 p.a. to 23.29% p.a.

Fees & charges you will pay

Fee Type
Definition
Amount
Establishment fee
Upfront cost payable when accepting a loan
$250
Loan service fee
Monthly charge to cover costs of keeping account active
$15 per month

Fees & charges payable in some situations

Fee Type
Definition
Amount
Settlement cheque fee
Cheques provided to help you pay different recipients with your loan borrowings
Two free
$15 for every additional cheque
Late payment fee
May be payable on the fifth business day after the repayment due date if at the end of the previous business day your loan is in arrears
$20
Early repayment adjustment
To cover reasonable administrative costs and estimated losses incurred by CBA as a result of you closing your fixed term loan early.
$15*

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Things you should know

1 Interest rates at the lower end of our range, for example 7.00% p.a. (comparison rate 8.41% p.a.2), 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 which 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.

2 The comparison rate is based on a $30,000 unsecured fixed rate 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.

Following the fixed rate period, if your loan hasn’t been repaid in full, the Standard Variable Rate will apply which is currently 16.00% p.a. This interest rate is effective as of 1 March 2024.

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

* 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. This fee will not exceed the reasonable administrative costs and estimated losses arising from the early full repayment of your personal loan. This amount can vary and may not apply to your loan - use our Pay-out figure portal to check if this applies to you.

This page will always tell you our current fee.