Features & benefits

Choose your repayment frequency and term

Pay weekly, fortnightly or monthly over 1 to 7 years.

Manage your loan anywhere and at any time

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

Make extra repayments without a fee

Paying down your loan faster can save you interest.

A loan of up to $50,000

Borrow from $4,000.

Same day funding

If you apply and are approved before midday Monday to Friday (Sydney/Melbourne time).1

Flexibility to redraw available funds

Quick and convenient access to available funds in your redraw facility whenever you need to. See more.

Rates & fees

Rates

Rate type
Interest rate
Variable rate
Range: 11.50% p.a. to 18.50% p.a.
Representative rate: 13.50% p.a.^
Comparison rate
Range: 12.38% p.a. to 19.34% p.a.
Representative rate: 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.

The representative rate is the Standard Variable Rate (i.e. the reference rate) which is currently 13.50% p.a. Your interest rate may be different and is 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, 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–8pm, 7 days (Sydney/Melbourne time) or visit your local branch.

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.

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

1 Apply before midday Monday to Friday, and if you’re approved, we’ll give you access to your loan that day. Unavailable for secured loans, 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.

Unsecured personal loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a $30,000 unsecured loan over 5 years and are as follows:

  • The minimum interest rate for the Variable Rate Personal Loan is 11.50% p.a. (12.38% p.a. comparison rate), and the estimated total amount payable including fees is $40,337. 
  • The representative rate for the Variable Rate Personal Loan is 13.50% p.a. (14.37% p.a. comparison rate), and the estimated total amount payable including fees is $42,168.
  • The maximum interest rate for the Variable Rate Personal Loan is 18.50% p.a. (19.34% p.a. comparison rate), and the estimated total amount payable including fees is $46,949.

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.