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Personal loans / Secured Personal Loan / Rates & fees

Interest rates

Rate type
Interest Rate
Fixed rate
Range: 6.49%1 p.a. to 10.49% p.a.
Representative rate: 8.49%2 p.a.
Lower secured rate for eligible sustainable purchases
6.19% p.a.4
Comparison rate3
Range: 7.90% p.a. to 11.86% p.a.
Representative rate: 9.88% p.a.
Comparison rate on eligible sustainable purchases 
7.61% p.a.

Things you should know

~ Full details around the offer eligibility are set out below:

  • If you are a CommBank Yello customer, you may qualify for $500 back onto your eligible Commbank Secured Personal Loan (‘Cashback’) used to finance a car you enquired about and purchased using the Buy & Own a Car platform.
  • The Cashback will be paid into your eligible CommBank Secured Personal Loan account during the month following the month in which your loan is funded.
  • You will receive the Cashback if you are in the relevant CommBank Yello tier during the month in which your Loan is funded.
  • In order to qualify for the Cashback you need to have:
    • enquired about and purchased a car via the Buy & Own a Car platform; and
    • applied for a CommBank Secured Personal Loan to finance the above purchase before 30 June 2025. The loan must also be approved and funded by us.
  • We reserve the right to close or vary this offer at any time.
  • The Cashback will be paid 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 as ‘CBA Yello [XXX]' in your Secured Personal Loan account.

1 Interest rates at the lower end of our range, for example 6.49% (comparison rate 7.90%3), 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 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.

3 The comparison rate is based on a $30,000 secured 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.

4 Eligibility criteria, terms and conditions apply. Visit our Personal Loans page to find out more about the energy-efficient discount.

Fees & charges

Fees that will apply

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 that may apply

Fee Type
Definition
Amount
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

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.
To cover reasonable administrative costs and estimated losses incurred by CBA as a result of you closing your fixed term loan early.

This fee will not exceed the reasonable administrative costs and estimated losses arising from the early full repayment of your personal loan.
$15*

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.
Other electronic banking fees
Please refer to our Electronic Banking General Information and Terms and Conditions

Things you should know

Please consider all upfront and ongoing fees and charges when applying for a new Personal Loan to ensure your loan is able to meet your needs.

Tools & calculators

  • Help me choose

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

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  • Repayments calculator

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

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  • How much can I borrow?

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

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