Personal Loan

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Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No early exit penalty
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged
  • Has ongoing fees

Details & Fees

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
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$20
Redraw Activation Fee
Redraw Activation Fee
$0
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
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$20
Redraw Activation Fee
Redraw Activation Fee
$0
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
Other Benefits
Apply before noon Monday to Friday, and if you’re approved, we’ll give you access to your loan that day. This is unavailable for secured loans, incomplete applications, applications referred to a lending specialist for a more detailed review, where required documentation isn’t provided and where the system is unavailable.

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

Features of a Commonwealth Bank personal loan

Commonwealth Bank offers both variable-rate and fixed-rate personal loans. Borrowers can receive personal loans of up to $50,000, subject to approval. The loans can be repaid over one to seven years, in either weekly, fortnightly or monthly instalments. Additional repayments of up to $1,000 per year are allowed.

Borrowers pay an upfront fee to establish the personal loan and then monthly account-keeping fees. Depending on how they manage the personal loan, borrowers may also be charged settlement cheque fees, late payment fees, electronic banking fees and early repayment fees.

CommBank offers same-day funding of personal loans – assuming you apply and receive approval on a weekday by midday Sydney time.

To get an idea of your eligibility and how your repayments would look with a CBA personal loan, visit the Commonwealth Bank personal loan calculator.

Commonwealth Bank personal loan summary

  • Borrow $4,000 to $50,000
  • Loan terms of 1-7 years
  • Variable and fixed-rate loan options
  • Weekly, fortnightly or monthly repayments
  • Extra repayments of $1,000 per year
  • Same-day funding
  • Establishment and monthly fees
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