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Personal loans / Secured Fixed Rate Car Loan / Rates & fees

Rates starting from

  • 6.79%¹ % PA

    On a Secured Fixed Rate Car Loan. Comparison rate 8.20% p.a.

    • Rate Range: 6.79%1 p.a. to 11.29% p.a.
    • Comparison rates: 8.20%2 p.a. to 12.65% p.a.

Rates & fees

Interest rates

Rate type
Amount
Fixed
Interest rate: 6.79%1 p.a. to 11.29% p.a.
Comparison rate: 8.20%2 p.a. to 12.65% p.a.
Rate for eligible sustainable purchase 
6.49%3 p.a. to 8.49% p.a.
Comparison rate: 7.90% p.a. to 9.88% 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

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

If you’re an eligible CommBank Yello customer, you could earn CommBank Yello points when you enquire about and purchase a car through the Cars for CommBank platform, and finance the purchase with an eligible CommBank Secured Fixed Rate Car Loan (Offer):

  • 80,000 CommBank Yello points for Diamond customers
  • 60,000 CommBank Yello points for Gold customers
  • 40,000 CommBank Yello points for Plus customers
  • 20,000 CommBank Yello points for CommBank Yello tier customers

To be eligible, you must be the borrower on the eligible CommBank Secured Fixed Rate Car Loan. Your eligibility for the offer is based on your CommBank Yello tier on the date the loan is funded.

CommBank Yello points are typically paid within 31 days after the loan has been funded. Occasionally, this may take longer. CommBank Yello points will appear as “Car Loan Sign Up” in View Activity.

CommBank may vary or withdraw this Offer acting fairly and reasonably; having regard to its legitimate business interests; and providing reasonable prior notice for unfavourable or material changes.

There may be tax implications of receiving CommBank Yello points under this Offer. Please check our FAQs available at commbank.com.au/commbank-yello/faqs for further information or seek independent advice from your accountant or tax adviser.

We will make every effort to provide accurate information on the CommBank Yello website and in other communications about the Program, and to operate our systems and processes consistently with these Offer terms and conditions. However, sometimes errors do occur (for example, due to limitations in our systems and processes). Where that happens, without limiting any rights you may have relating to the error, we may, as appropriate, at a later time but as soon as practicable after the error has been identified, make adjustments to put you in the same or similar position had the error not occurred. To the extent permitted by law, we are not responsible for any inaccuracies or misdescriptions except to the extent caused by our negligence, fraud or wilful misconduct.

These Offer terms and conditions apply in addition to the CommBank Yello Terms and Conditions. If there is any inconsistency, the CommBank Yello Terms and Conditions prevail in relation to Program eligibility and Program rules, and these Offer terms prevail in relation to this Offer. For further information on Program eligibility, refer to the CommBank Yello Terms and Conditions.

1 Interest rates at the lower end of our range, for example 6.79% (comparison rate 8.20%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 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.

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

* 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.

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