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Personal Overdraft

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Loan Term

years

Repayment Frequency

Personal Overdraft Pros and Cons

Pros:
  • No application fees
  • No early exit penalty
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Only pay interest on outstanding balance
Cons:
  • Monthly fee charged
  • Has ongoing fees
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Commonwealth Bank Personal Overdraft Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$150
Ongoing Fee
Ongoing Fee
$15 monthly
Borrowing range
Borrowing range
$100 - $20k
Total Repayments
Total Repayments
$37,368
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$150
Ongoing Fee
Ongoing Fee
$15 monthly
Borrowing range
Borrowing range
$100 - $20k
Total Repayments
Total Repayments
$37,368
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit

The Commonwealth Bank of Australia, otherwise known as CBA, is one of Australia’s big four banks and has been providing banking services for more than 100 years. Since 1912, CBA has grown to a business with more than 800,000 shareholders and over 52,000 employees.

Besides personal loans, CBA offers its customers a range of products, including home loans, car loans, savings and transaction accounts, credit cards and insurance products. It also offers wealth planning and superannuation advice.

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