Important disclosure

Commonwealth Bank of Australia

Personal Loan Fixed

Real Time Rating™

  • 2 to 3 years
  • Unsecured
  • Fixed Rate
Interest Rate

8.49%

p.a

up to 20.49%

Comparison Rate*

From

9.88%

p.a

up to 21.38%

Real Time Rating™
Tags
  • 2 to 3 years
  • Unsecured
  • Fixed Rate
Interest Rate

8.49%

p.a

up to 20.49%

Comparison Rate*

From

9.88%

p.a

up to 21.38%

Calculate your repayments for this loan

$

Your estimated repayment

$947

based on $30,000 loan amount for 3 years at 8.49%

Pros and cons

For Personal Loan Fixed

Benefits

  • Lower than average rate
  • No early exit penalty
  • Flexible repayment options
  • No security required
  • Can apply online
  • Can apply in branch
  • Use the loan for any worthwhile purpose
  • Fast time to funding

Drawbacks

  • Service fee charged
  • Extra repayments limited $1000

Commonwealth Bank Rate Personal loan overview

For Personal Loan Fixed

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$4k - $50k

Security type

Unsecured

Loan term

2 to 3 years

Secured by

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit Commonwealth Bank of Australia to view Target Market Determination.

Features

Extra repayments

Yes - limited to $1,000 per year

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

24 hours

Fees

Upfront Fee

$0

Unsecured Fixed Rate Personal Loans when you apply and fund between 1 March 2024 and 30 April 2024~.

Ongoing Fee

$15 Monthly

Missed Payment Penalty

$20

Early Exit Penalty Fee

Fee Applies

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

Other Restrictions

Early exit fees may apply.

Promoted personal loans

Promoted

Lower Rate

Unsecured Personal Loan (Excellent Credit) (Amount > $5000)

Real Time Rating™
  • 3 to 5 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

2024 Award Winner

Interest Rate

5.76%

p.a

up to 24.03%

Comparison Rate*

From

6.55%

p.a

up to 24.99%

Promoted

Secured

Low Rate Personal Loan Secured (Excellent Credit)

Real Time Rating™
  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
Interest Rate

6.57%

p.a

up to 8.48%

Comparison Rate*

From

7.19%

p.a

up to 13.58%

Promoted

Generic

No Fee Personal Loan

Real Time Rating™
  • 1 to 7 years
  • Unsecured
  • Fixed Rate

2024 Award Winner

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Pay no fees over the lifetime of your loan with NOW Finance. T&C’s apply.
Interest Rate

6.75%

p.a

up to 26.95%

Comparison Rate*

From

6.75%

p.a

up to 26.95%

FAQs

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.