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Flexible personal loans

Are you at the point when you need extra funds? A CommBank Personal Loan can put you in control of your next step with flexible loan options to suit you.

  • Adapts to your circumstances
    You can choose the loan type, term and amount that’s right for you.
  • Keep in control of your loan
    Through NetBank and the CommBank app, it’s easy to manage your loan wherever you are.
  • Access funds the same day
    Apply before noon Monday to Friday and if you’re approved we’ll give you access to your loan that day^.  Excludes secured car loans.
  • Ability to pay off your loan early
    With a variable rate loan, you can make additional repayments to help pay off your loan sooner with no penalty.

Your choice of Personal Loan

  • Flexibility to make extra repayments anytime without a fee
  • Borrow from $5,000 - $50,000
  • Choose a term from one to seven years
  • Flexibility to adjust your loan term, and repayment frequency
  • Ability to redraw additional repayments you’ve already made

Variable rate from 13.90% p.a.

Comparison rate 14.77% p.a.based on an unsecured $30,000 loan over five years.

Learn more
  • Fixed interest rate and repayments for the life of the loan, to help you stay in control
  • Borrow from $5,000 - $50,000
  • Make up to $5,000 in additional repayments per year~
  • Choose a loan term from one to seven years

Fixed rate from 13.90% p.a.

Comparison rate 14.77% p.a.based on an unsecured $30,000 loan over five years.

Learn more
  • Pay a lower interest rate than an unsecured loan by using your car as security
  • Fixed interest rate and repayments for the life of the loan, to help you stay in control
  • Make up to $5,000 in additional repayments per year~, helping you to repay your loan sooner
  • Choose a loan term from one to five years

Fixed rate from 7.99% p.a.

Comparison rate 9.04% p.a.based on an secured $30,000 loan over five years.

Learn more

Learn more about Personal Loans

Choosing your loan

Determine which personal loan product best suits your needs with our loan selector tool.

Loan selector tool

Use this handy table to compare the features of fixed rate, variable rate and secured car loans.

Compare our loans

Read our Personal Loans brochure for further details.

View brochure

Getting started

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.

Before you apply, read these tips on how you can improve the chance of getting your Personal Loan application approved.

Additional loan options

Loan Protection can help you repay your loan should something unforseen happen to you.

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

Use calculator

Should your needs change, increasing your existing Personal Loan amount could be a great option.

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If you have a variable rate loan and you’ve made additional repayments above your required repayment amount, you may be able to withdraw that money quickly and conveniently.

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Manage your loan online

A CommBank Personal Loan is a simple and hassle-free way to borrow money for a range of personal purposes. If you also want an easy, convenient and secure way to manage it, in NetBank you can:

  • 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 – click here for more information
  • Set up a direct debit. This is the preferred method of payment as automatic payments make it simple and easy and help to ensure your payments are made on time.
  • Redraw down on extra funds
  • To see how NetBank can help you apply, manage and redraw additional funds online from your personal loan, take the scheduled transfer demo.

Register for NetBank >  

Learn more about NetBank >

The CommBank app provides you 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 (new)

Click here for more information on the CommBank app.

What's your next step?

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

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  All you need to plan your next holiday, from budgeting and spending your cash, to travelling with your credit card. 

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 If you're planning on renovating or building, we've got the essential information you need, from fresh looks to financing.

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Things to know before you Can:

^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.  Full terms and conditions will be included in our loan offer.  Fees and charges are payable.

~Additional repayments made on a Fixed Rate loan are not available to be redrawn.

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.