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Achieving your goals with a Personal Loan

Car

Getting on the road

Whether it's a new or second-hand car, a personal loan can help you pay for your car if you don’t have the funds up front.

How to choose the right loan
Home improvements

Improving your home

A makeover can add new life to your home as well as adding value. Get your upgrade underway sooner rather than later.

How to get started
Debt Consolidation

Consolidating your debt

Having a number of debts can be a worry but there are ways to manage your debt and stay on top of your finances. 

How to take control

Choose a Personal Loan

  • Flexibility to make extra repayments without a fee
  • Redraw additional repayments you've already made
  • Borrow from $5,000 to $50,000

Learn more

or

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

or

  • Stay in control with a fixed interest rate and fixed repayments for the life of the loan
  • Make up to $1,000 additional repayments per year without a fee^
  • Borrow from $5,000 to $50,000
Learn more

or

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

or

  • Pay a lower interest rate by using your car as security
  • Stay in control with a fixed interest rate and repayments for the life of the loan
  • Make up to $1,000 in extra repayments per year without a fee^
Learn more

Learn more about Personal Loans

Calculators and tools

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

Use calculator

Calculate how much it costs to cover your monthly loan repayments.

Use calculator

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

Use calculator

Determine which of our personal loan products best suits your needs.

Use selector

Before you apply

A step-by-step guide to help you through the application process.

Learn more

Learn all about Personal Loans, from choosing the right one to applying and understanding repayments.

View brochure

Apply now for a response in 60 seconds and same-day funding*.

Learn more

Read our tips on how you can improve the chance of getting your personal loan application approved.

Learn more

What you need to apply

After we receive your application, we’ll let you know exactly what documents you need to provide us.If your salary is paid into your CommBank account then we should be able to use this to confirm your income. Otherwise you will need to provide:

  • Your two most recent payslips or;
  • If you are self-employed: your last two years’ tax return/financial statement and your last Tax Assessment Notice.

If you have savings, loans or credit cards with other financial institutions, you might also need to provide your most recent statement for each of these accounts. You’ll need to provide three months of statements if you’ve held a CommBank account for less than six months.

Read our step-by-step guide to help you through the application process.

Ready to apply?

Apply online and get a response in 60 seconds.

Additional loan options

Manage your loan online

Manage your Personal Loan in NetBank

A CommBank Personal Loan is a simple, hassle-free and fast way to borrow money. Once you've got your loan, it's easy to manage it in NetBank:

  • View the balance of your current loans
  • Review transactions as far back as two years
  • View loan statements as far back as seven years   
  • Make repayments
  • Set up a direct debit to help ensure your loan repayments are made on time.
  • Redraw down on extra funds
  • Opt-in to online statements

Register for NetBank now or learn more about NetBank.

Manage your Personal Loan in the CommBank app

The CommBank app is a secure and easy way to manage your Personal Loan on the go:

  • View your account balance with one simple swipe
  • View upcoming payments, transfers and schedule new ones.

Learn more about the CommBank app

Winner of the Best Unsecured Personal Loan Lender Award at the
Australian Lending Awards 2015.

Australian Lending Awards - Best Unsecured Personal Loan Lender

Keep reading

From finding the right car to the various ways of paying for it, we've got the advice you need.

Learn more

From choosing when to go to working out how to fund your trip, planning ahead is crucial.

Learn more

Our handy hints can help make life as a student a breeze.

Learn more

Our guides to renovating and building can help you decide if either option is right for you.

Learn more

Important information

For full competition terms and conditions click here.

Automatic entry into the draw to win back your personal loan amount occurs when you apply and fund before 31/3/2015. There is one prize awarded in this competition - one entrant will win back the value of their personal loan - up to a maximum prize value of $50,000. The competition commences 1 February 2016 and closes 31 March 2016. The winner will be drawn at 3.00pm (AEST) on 15 April 2016 at the Commonwealth Bank of Australia, Level 3, 11 Harbour Street, Sydney NSW 2000. The winner will be announced in The Australian on 22 April 2016. Authorised under NSW Permit No. LTPS/16/00336; ACT Permit No. TP16/00070; SA Permit No. T16/63.

Applications are subject to credit approval. Fees and charges may apply. Full personal loan terms and conditions included in our Loan Offer. Commonwealth Bank of Australia ABN48 123 123 124. Australian credit licence 234945.

*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, when a guarantor is required, 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.

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.

^Additional repayments made on a Fixed Rate Loan are not available to be redrawn.

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