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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Car Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Car Loan, you will deal directly with a financial institution, and not with RateCity.

Commonwealth Bank

Secured Car Loan- Fixed

The Commonwealth Bank is the second largest bank in Australia after the National Australia Bank (nab). Commonwealth Bank, Commbank or CBA as it is commonly known as operates internationally with businesses in New Zealand, Asia and the United Kingdom. Commonwealth Bank was founded in 1911 by the Andrew Fisher Labour Government. Unlike any other financial institutions in Australia, it was the first and only bank in Australia to receive a Federal Government guarantee which provided security for the Bank to carry out both savings and general bank trading business. The Bank became a public company in 1991 and underwent three stages of privatisation until 1996. The Commonwealth Bank brand has grown to become one of the best recognised in the financial services industry. Their other award-winning brands include Colonial First State investments and retail broker Commonwealth Securities (Com Sec). The Bank has positioned itself for future growth as it continues to provide a full range commercial and of retail banking services including home loans, credit cards, personal loans, term deposits, transaction accounts and car insurance.

Product Details

Company
Commonwealth Bank
Repayments
$662.13
monthly
Secured / Unsecured
Secured
Total Repayments
$39,717.29
Interest Rate
10.99%
Comparison Rate
12.02%
Rate Type
Fixed
Application Fee
$250
Ongoing Fees
$10
per month
Early Repayment Penalty
$0
Missed Payment Penalty
$20
Encumberance/REVVS Check Fee
$0
Doc Release Fee
$0
Minimum Loan Amount
$10,000
Maximum Loan Amount
$999,999,999
Star Rating
Not yet rated
Updating your preferences

Product Features

No early exit penalty n

Will you be charged a fee for finalizing all loan repayments earlier than the agreed date, or for transferring to another company for the remaining life of the loan?

Extra repayments allowed y

Will this loan allow you to make additional repayments on top of the minimum amounts due each payment frequency?

Redraw Facility n

Whether this loan allows the option for you to redraw/take out excess funds

100% Loan Available y

Whether this loan offers a maximum loan-to-value-ratio (LVR) i.e. no deposit is required

Loan Amount
Year
Payment
$30000
Principal
$30000
Interest/fees
$30000
Years Elapsed
The graph above displays total estimated repayment amounts based on principal and interest, in respect of the loan amount, interest rate, term and repayment frequency entered in the Loan Details.
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