Current offers

Support with purchases to help make your home more energy-efficient

Get a discounted interest rate on eligible energy-efficient purchases such as solar panels, battery packs, electric and hybrid cars.

Are you a CommBank Home Loan customer? We’ll give you access to additional benefits for a limited time.

 

Open your doors to energy-efficient living

Unlock energy savings by electrifying your home. We work with our partners to make your transition an easy one.

Choose a personal loan that’s right for you

Fixed Rate Loan

Features
  • Fixed interest rate and repayments for the term of the loan
  • Make additional repayments, subject to an early repayment adjustment1
  • Borrow from $4,000 to $50,000 over a term of one to seven years
Rates
  • Interest rates: 8.00% p.a.2 to 20.00% p.a. (comparison rate: 9.40% p.a. to 21.30% p.a.)
  • Representative rate: 15.50%3 p.a. (comparison rate: 16.83% p.a.)
Fees
 
  • $250 establishment fee
  • $15 monthly loan service fee
  • Other fees may apply, e.g. early repayment fee. See more

 

 

Variable Rate Loan

Features
  • Flexibility to make extra repayments without a fee
  • Redraw available funds through your redraw facility
  • Borrow from $4,000 to $50,000 over a term of one to seven years
Rates
  • Interest rates: 8.50%2 p.a. to 20.50% p.a. (comparison rate: 9.89% p.a. to 21.79% p.a.)
  • Representative rate: 16.00%3 p.a. (comparison rate: 17.32% p.a.)

Fees

  • $250 establishment fee
  • $15 monthly loan service fee
  • Other fees may apply, e.g. late payment fee. See more

 

 

Get my rates & apply

Get started

  • Apply: Fill in the online form. We’ll ask you some details and you’ll get a response within 60 seconds after you submit your application
  • Contract: If approved, we’ll send you a contract. Accept the contract if you’re happy with the terms
  • Verify: We may ask you for some additional documents.

To be eligible to apply for a personal loan you must:

  • Be over 18 years old
  • Be eligible to work in Australia
  • Be an Australian citizen, permanent resident or hold an eligible visa
  • Be employed or receive regular income
  • Have a good credit rating
  • Not be going through the process of bankruptcy

During the application process, we may ask you for some documents. These may include:

  • Proof of ID, depending on whether you’re a new or existing customer
  • Visa details if you’re not a citizen or permanent resident
  • Proof of income if your application is approved and your salary is not paid into a CommBank account
  • Debt with other financial institutions if you have any and your application is approved
  • If you’re applying for a Secured Personal Loan to purchase a car, we’ll ask you for some documents relating to the car you’re purchasing
  • For more detailed information on the documents you may need to provide, see here

Estimate what your repayments could be

Resources to help you with your home improvement

How much can I borrow?

Not sure how much you can borrow? Use our borrowing power calculator

Help me choose a personal loan

Use our personal loan selector tool to choose the right product

Things you should know

  • This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:

    • its appropriateness to your circumstances.
    • obtaining professional advice specific to your needs, including financial, taxation and legal advice.

    1 Additional repayments made on a fixed rate and secured personal loan are not available to be redrawn. An early repayment adjustment is 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. View the Personal Loan Terms and Conditions.

    Your interest rate is based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your interest rate in your loan offer document.

    Unsecured Fixed Rate Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 unsecured fixed rate loan over five years:

    • Interest rates range from 8.00%2 p.a. to 20.00% p.a. (comparison rate from 9.40% p.a. to 21.30% p.a.). The estimated total amount payable including fees is between $37,648 and $48,839
    • The representative rate is 15.50%3 p.a. (16.83% p.a. comparison Rate), based on this representative rate the estimated total amount payable including fees is $44,446

    Unsecured Variable Rate Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 unsecured variable rate loan over 5 years:

    • Interest rates range from 8.50%2 p.a. to 20.50% p.a. (comparison rate from 9.89% p.a. to 21.79% p.a.). The estimated total amount payable including fees is between $38,080 and $49,341
    • The representative rate is 16.00%3 p.a. (17.32% p.a. comparison Rate), based on this representative rate the estimated total amount payable including fees is $44,923

    Interest rates at the lower end of our range, for example 8.00%/8.50% p.a. (comparison rate 9.40%/9.89% p.a.), 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.

    At least half of our approved customers will receive the representative rate or lower.

    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.

    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.

    Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions. Full terms and conditions will be included in our loan offer. Fees and charges payable. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.