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Choose a personal loan

Fixed Rate Loan

Fixes the interest rate for the life of the loan for set repayment amounts and protection from interest rate rises. You can choose a term from one to seven years and also choose weekly, fortnightly or monthly payments.

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How to apply

Apply online and get a response in 60 seconds.

Variable Rate Loan

Get a competitive rate and have the flexibility to make additional repayments at any time without a fee. You can borrow from $5,000 to $50,000 and choose a term from one to seven years. You may also be able to redraw additional repayments you’ve made into your account quickly and conveniently.

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How to apply

Apply online and get a response in 60 seconds.

Secured Car Loan

Using your car as security, you can borrow at a lower rate than an unsecured loan. You can choose a term from one to five years, choose weekly, fortnightly or monthly repayments and make extra repayments up to an additional $5,000 per year.

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Apply online and get a response in 60 seconds

Personal Overdrafts

A Personal Overdraft is a feature of your Everyday Account that allows you to access additional funds, up to an approved limit.  You can apply for as little as $100, or up to $20,000.

With a Personal Overdraft you can use and repay funds as it suits you – it’s there when you need it and free when you don’t.  If you use your overdraft, you will be charged interest on the amount used and a monthly fee.

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To apply call 13 2221 or visit one of our branches

Learn more about Personal Loans

Calculators and tools

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

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

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

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

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Before you apply

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

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

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

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

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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.

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

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Important information

*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.

^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.

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