- Home
- Personal Loans
- Commonwealth Bank
- Personal Loan
Personal Loan
- 1 to 7 years
- Unsecured
- Variable Rate
Interest rate p.a.
8.50%
up to 20.5%
Comparison rate* p.a.
9.89%
up to 21.79%
Personal Loan
- 1 to 7 years
- Unsecured
- Variable Rate
Interest rate p.a.
8.50%
up to 20.5%
Comparison rate* p.a.
9.89%
up to 21.79%
Calculate your repayments for this loan
$
Your estimated repayment
$947
based on 30000 loan amount for 3 years at 8.50%
Pros and Cons
For Personal Loan
Benefits
- Lower than average rate
- No early exit penalty
- Unlimited extra repayments
- 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
- Higher than average application fee
Commonwealth Bank Rate Personal Loan overview
For Personal Loan
Details
Total repayments
$34,093
Interest rate type
Variable
Borrowing range
$4k - $50k
Security type
Unsecured
Loan term
1 to 7 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
Redraw facility
redraw activation fee of $0
Instant approval
Time to funding
24 hours
Fees
Upfront fee
$250
Ongoing fee
$15 Monthly
Missed payment penalty
$20
Early exit penalty fee
Fee Applies
