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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 for a secured personal loan.

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 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 is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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

Save time, apply online. It's safe & easy!

Tell us about the car you want and explore your loan and repayment options.

Tell us a bit more about you and your finances.

Once we have it, we'll review it and give you a response within 2 business days.

If you’re approved, sign your contract and take it, along with your supporting docs, into a branch.

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

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

The interest rate for Secured Car Loans is from 8.49% p.a. The comparison rate for Secured Car Loans is 9.54% p.a. based on a $30,000 secured loan over five years.

# 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. View the Personal Loan Terms and Conditions (PDF 284kb).  

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