CommBank
Personal Loan
CommBank Personal Loan
Fixed rate personal loans from $4,000 to $50,000 from Australia's largest bank.
Apply for Personal Loan
Comparison rate: 10.06% p.a.
- Australia's largest and most trusted bank
- No early repayment fees on fixed rate loans
- Manage your loan through the CommBank app
- In-branch support available
Rates and fees may vary based on your profile
Rate from
8.49% p.a.
Comparison rate
10.06% p.a.
Loan amount
$4,000 - $50,000
Loan term
12 - 84 mo
Establishment fee
Establishment fee: $250. Monthly fee: $10. Early repayment fee: $0.
Monthly fee
$0
About Commonwealth Bank
Commonwealth Bank of Australia (CommBank) is Australia's largest bank by market capitalisation. They offer a comprehensive range of financial products and services, backed by extensive branch and ATM networks and award-winning digital banking platforms.
Repayment Calculator
Estimate your monthly repayments for a Personal Loan loan. Adjust the sliders to see how different amounts, terms and rates affect your repayments.
Adjust your loan details
Estimated monthly repayment
per month
Indicative only. Excludes establishment and ongoing fees.
Pros & Cons
What we like
- Existing CommBank customers
- Borrowers wanting Big 4 bank security
- Those who value in-branch support
Watch out for
- Borrowers seeking the lowest rates
- Those wanting to avoid monthly fees
Eligibility Requirements
To apply for a Personal Loan loan, you will typically need to meet the following criteria. Requirements may vary depending on your individual circumstances.
Documents you will typically need
- Recent payslips (last 2-3)
- Bank statements (last 90 days)
- Photo ID (driver licence or passport)
- Proof of address (utility bill or lease)
Some lenders may request additional documentation depending on your employment type and loan amount.
How to Apply
Getting started with Personal Loan is straightforward. Follow these steps to submit your application.
Check Your Rate
Use the CommBank personal loan calculator to estimate your repayments.
Apply
Apply online via NetBank, in the CommBank app, in-branch, or by phone.
Receive Your Funds
Once approved, funds are deposited into your CommBank account.
Check Your Rate
Use the CommBank personal loan calculator to estimate your repayments.
Apply
Apply online via NetBank, in the CommBank app, in-branch, or by phone.
Receive Your Funds
Once approved, funds are deposited into your CommBank account.
Frequently Asked Questions
Common questions about Personal Loan
CommBank offers fixed rates from 8.49% p.a. to 21.49% p.a. depending on your credit profile and loan amount.
You'll need a CommBank transaction account to receive loan funds. You can open one as part of the application process.
Yes, you can make extra repayments on your CommBank fixed rate personal loan without fees.
Ready to apply?
Check your eligibility for Personal Loan today. The application takes just a few minutes.
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