Help us improve our website by completing a quick survey. Start survey now

You’ll need to update your browser so you can continue to log on to your online banking from 28th February. Update now.


Why choose our Secured Car Loan?

Choose a term and repayment frequency to suit you

Pay weekly, fortnightly or monthly over one to five years.

Manage your loan wherever you are

Keep track of your loan and make repayments in NetBank and the CommBank app.

Stay in control with a fixed interest rate

Interest is fixed so you know what your repayments will be for the life of the loan. See more about rates and fees.

Here's what you get

No maximum loan amount

Borrow from $10,000.#

A lower interest rate

Borrow at a lower rate than an unsecured loan by using your car - new or less than five years old - as security.

Flexibility to make extra repayments

Up to an additional $1,000 per year.^

Rate type

Interest Rate

Fixed rate

From 8.49% p.a.

Comparison rate

From 9.54% p.a. based on a $30,000 secured loan over five years

Things you should know:

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.

Fee type



Establishment fee

Upfront cost payable when accepting a loan


Loan service fee

Monthly charge to cover costs of keeping account active

$10 per month

An upfront fee of $250 and ongoing monthly fee of $10 will apply, please consider these fees when deciding whether this loan suits your needs. Some additional fees, including a late-payment fee, government charges and other electronic banking fees may also apply.

Learn more

A Secured Car Loan is for buying a new or used car that’s less than five years old. The amount can be for the full or partial purchase price depending on whether you’ve paid a deposit.

You’re unable to use this loan for:

  • Buying a car more than five years old
  • Buying a car where there is another purpose, e.g. a car for $20,000 and furniture for $5,000
  • Buying a caravan, motor bike, commercial vehicle or truck
  • Refinancing an existing car loan
  • Buying a car which has finance owing on it.

Considering other personal loans? Find out more about Variable Rate or Fixed Rate personal loans.

Find out more about the difference between secured and unsecured loans.


How to apply

Applying for a personal loan is quick and easy. You can either:


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


  • Call us on 13 14 31, 8am – 8pm, seven days
  • Visit your local branch
Find out what you’ll need to apply

Car buying tips

Buying a car

We’ve got the information you need.

Tell me more

Should you buy a new or used car?

The answer will ultimately depend on what kind of vehicle you want and how much you’re willing to pay for it.

Tell me more

The costs of owning a car

Know the costs that come with your new wheels.

Tell me more

Paying for your car

The pros and cons of saving, borrowing and dealer finance.

Tell me more

Didn’t find what you were looking for?

Use our personal loan selector tool to choose between Variable, Fixed rate or Secured.

Use selector

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

Use calculator

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

Use borrowing calculator

Things you should know

# If you want to borrow less than $10,000 take a look at our Unsecured Variable Rate or Fixed rate personal loans.

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

The Secured Car Loan will be referred to as Fixed Rate Secured Personal Loan on contract documentation.