Features & benefits

Choose a term and repayment frequency to suit you

Pay weekly, fortnightly or monthly over 1 to 5 years.

Manage your loan wherever you are

Keep track of your loan and make repayments in NetBank and the CommBank app.

Stay in control with a fixed interest rate

Interest is fixed so you know what your repayments will be for the life of the loan. See more about rates and fees.

No maximum loan amount

Borrow from $10,000.1

A lower interest rate

Borrow at a lower rate than an unsecured loan by using your car - new or less than 5 years old - as security for a secured personal loan.

Flexibility to make extra repayments

Up to an additional $1,000 per year.2

Rates & fees

Rates

Rate type
Interest rate
Fixed rate
From 6.99% p.a.* (normally starting from 8.49% p.a.) if you apply and fund by 28th October
Comparison rate
From 8.05% p.a.* based on a $30,000 loan over 5 years (normally starting from 9.54% p.a.) if you apply and fund by 28th October

Things you should know

Your interest rate 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.

^ 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
$250
Loan service fee
Monthly charge to cover costs of keeping account active
$10 per month

An upfront fee of $250 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, government charges and other electronic banking fees may also apply.

Tell me more

How to apply

Apply online and get a response within 60 seconds. 

Alternatively, call us on 13 1431 8am–8pm, 7 days (Sydney/Melbourne time) or visit your local branch.

Apply online

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 review it and give you a response within 60 seconds.

4. Drop into a branch

If your application is conditionally approved, take your supporting documentation into your nearest branch to complete the process. New customers will also need an ID check.

A Secured Car Loan is for buying a new or used car that’s less than 5 years old. The amount can be for the full or partial purchase price depending on whether you’ve paid a deposit.

You’re unable to use this loan for:

  • Buying a car more than 5 years old
  • Buying a car where there is another purpose, e.g. a car for $20,000 and furniture for $5,000
  • Buying a caravan, motor bike, commercial vehicle or truck
  • Refinancing an existing car loan
  • Buying a car which has finance owing on it.

Considering other personal loans? Find out more about Variable Rate or Fixed Rate personal loans.

Find out more about the difference between secured and unsecured loans.

Not sure which personal loan is right for you?

Save 1% p.a. on an Unsecured Fixed Rate Personal Loan

Apply and fund by 16 December 2018~.

Tell me more

Unsecured fixed rate personal loan

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.

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

Apply and fund a new Unsecured Fixed Rate Personal Loan by 16 December 2018 to receive a 1% p.a. discount on your approved interest rate.

* Apply and fund a new Secured Car Loan by 28th October 2018 to receive a 1.5% p.a. discount on your approved interest 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.

^ 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.

1 If you want to borrow less than $10,000 take a look at our Unsecured Variable Rate or Fixed rate personal loans.

2 Additional repayments made on a Fixed Rate Loan are not available to be redrawn. View the Personal Loan Terms and Conditions.  

The Secured Car Loan will be referred to as Fixed Rate Secured Personal Loan on contract documentation.