About Commonwealth Bank personal loans
The Commonwealth Bank of Australia is one of Australia’s ‘Big Four’ banks and has been providing banking services for more than 100 years. It has a range of products available to its customers, including home loans, savings and transactions accounts, credit cards and insurance products. It also offers wealth planning and superannuation advice.
CBA also offers personal loans, car loans and personal overdrafts for emergency circumstances in a variety of amounts and loan terms.
Features of a Commonwealth Bank personal loan
The CBA offers both fixed rate and flexible rate personal loans, in addition to secured car loans. Borrowers can receive finance of up to $50,000, subject to approval. Borrowers also have the flexibility to choose their repayment frequency to suit their personal circumstances. The loans can be repaid over one to seven years.
Borrowers are charged a moderate upfront fee and a small ongoing fee. Other fees the borrower may be charged include late payment and other electronic banking-related fees.
To get an idea of your eligibility and how your repayments would look with a CBA loan, visit the Commonwealth Bank personal loan calculator.