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Personal loans / Fixed Rate personal loan / Rates & fees

Interest rates

Fixed Rate Personal Loan

Rate type
Interest Rate
Fixed rate
Range: 8.00%1 p.a. to 20.00% p.a.
Representative rate: 15.50%2 p.a.
Comparison rate3
Range: 9.40% p.a. to 21.30% p.a.
Representative rate: 16.83% p.a.

Things you should know

1 Interest rates at the lower end of our range, for example 8.00% p.a. (comparison rate 9.40% p.a.3), may be offered to customers with an excellent credit history.

An excellent credit history is determined by, among other things, paying your bills and making loan repayments on or ahead of time, being disciplined with your credit applications, and not overextending yourself financially.

Actions which can negatively impact your credit history include missing bill or loan repayments, defaulting on your credit facility, or making a large number of credit applications in a short period of time. You can find out more about how your credit score is calculated and tips for improving your credit score at our Credit Score Information Hub.

2 At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive.

Your interest rate may be different and is based on a number of factors, including your credit history, the information you provide and our assessment of your application. We'll confirm your interest rate upon submission of your application.

3 The comparison rate is based on a $30,000 unsecured fixed rate loan over 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Following the fixed rate period, if your loan hasn’t been repaid in full, the Standard Variable Rate will apply which is currently 16.00% p.a. This interest rate is effective as of 11 October 2024.

Fees that may apply

Fee Type
Definition
Amount
Settlement cheque fee
Cheques provided to help you pay different recipients with your loan borrowings
Two free
$15 for every additional cheque
Late payment fee
May be payable on the fifth business day after the repayment due date if at the end of the previous business day your loan is in arrears
$20
Early repayment adjustment

Charged if loan is fully repaid with 12 or more months remaining on loan term, and we reasonably estimate we will incur a loss or administrative cost.
To cover reasonable administrative costs and estimated losses incurred by CBA as a result of you closing your fixed term loan early.

This fee will not exceed the reasonable administrative costs and estimated losses arising from the early full repayment of your personal loan.
$15*

This amount can vary and may not apply to your loan - use our Pay-out figure portal to check if this applies to you.

* This page will always tell you our current fee.
Other electronic banking fees
Please refer to our Electronic Banking General Information and Terms and Conditions

Things you should know

Please consider all upfront and ongoing fees and charges when applying for a new Personal Loan to ensure your loan is able to meet your needs.

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