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Upgrade your home with a personal loan

Dreaming of a new designer kitchen? Perhaps you need extra room for a new arrival? A personal loan can help you add the finishing touches that turn a house into a home.

Whether you’re knocking down walls, building up or creating a kitchen to match the best of them, a makeover can add new life to your home as well as adding value. If you don’t have the funds up front, a personal loan can help you get your renovations underway sooner rather than later. You can apply to borrow anything between $4,000 and $50,000.

Here are five easy steps to get those improvements started.


You can use a personal loan for just about anything, from a new stove to a larger home transformation project. Or, perhaps you have been thinking about:

  • Adding value to your property — especially if you’re about to sell
  • Making room for a growing family by building up, building out, or simply changing the layout
  • Insulating your home against weather and noise
  • Giving tired rooms a makeover with new furnishings and appliances
  • Landscaping the garden or creating some outdoor living space by building a deck, pergola or veranda
  • Simply making your new home yours. Something that will reflect your personal style and not the previous owners.

When you’ve decided what you’d like to do, it’s time to start getting quotes from tradies and builders. Remember to leave a buffer for those unexpected costs.

Once you have added up your costs to see how much you’ll need to borrow use our personal loan repayment calculator to work out your loan repayments.

Now it’s time to find the loan option that’s perfect for you. Our personal loan selector tool will help you choose between:

Fixed rate personal loan: Enjoy the security of a fixed interest rate so you’ll know exactly what your repayments will be for the life of the loan, even if interest rates rise.  


Variable rate personal loan: Enjoy the flexibility of making additional repayments to pay down your loan faster which will save you interest. You can also redraw available funds whenever you need to.

Applying online for a CommBank personal loan is easy, either through NetBank if you are an existing customer or our online application. You’ll receive a response from us in 60 seconds.

If you decide to go ahead with the loan, you will need to complete your application. Once approved your funds will be deposited into your chosen account. You could even receive the funds the same day*

When your funds are received, you can start shopping for your appliances or locking in your tradespeople and builders.

Now your home improvements are underway, you can keep an eye on your loan with the NetBank and CommBank app.

As well as tracking your loan balance, you can set up automatic transfers to pay off your loan, change or make additional repayments or view your loan statements. If you have a variable rate loan, you can also make extra repayments or redraw cash when you need to.

 Tips for giving your home a facelift

 Not sure which loan to choose? try our personal loan selector tool

 How to avoid those renovating pitfalls.

Apply online for a personal loan

You’ll get a response in 60 seconds.


Already a customer banking online with us?

Save time by using your NetBank details.

Apply in NetBank

New customer or don't bank online with us?

Apply online


Important information

*Apply before noon Monday to Friday, and if you’re approved, we’ll give you access to your loan that day. This is unavailable for secured loans, incomplete applications, applications referred to a lending specialist for a more detailed review, where required documentation isn’t provided and where the system is unavailable.

Applications are subject to credit approval.  Full terms and conditions will be included in our loan offer.  Fees and charges are payable.  Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.