Variable Rate Personal Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 20.50%, Comparison Rate 21.39%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 16.00%, Comparison Rate 16.94%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Discount
• Interest Rate: 7.50%, Comparison Rate 8.54%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Discount
• Interest Rate: 8.99%, Comparison Rate 10.01%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 8.50%, Comparison Rate 9.53%
• Repayment Type:
• Loan Purpose:

 Product Features

• Other Additional Information: 1 to 7 years.

• Other Additional Information: Pay weekly, fortnightly or monthly via direct debit. If you pay by any other means, your repayments will be monthly.

• Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.

• Extra Repayments Additional Information: You can make additional repayments or repay your loan in full at any time. Additional repayments may enable you to redraw funds, subject to conditions.

• Other Additional Information: Get a competitive rate and have the flexibility to make additional repayments at any time without a fee. If you have a variable interest rate, we can change your interest rate by changing the reference rate and your margin.

• Other Additional Information: You may be eligible for same day funding if you're approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of your financial situation. Unavailable for secured loans, if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn't provided and subject to system availability.

• Redraw Additional Information: If you have made additional repayments, you may be able to access these funds through your redraw facility. You can check your available redraw balance online or by contacting us.

• Other Additional Information: Security is not required for this loan type.

 Product Eligibility

• Natural Person - Be An Individual. Additional Information: Individuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.

• Min Age - 18.

• Residency Status - Must Live In Australia And Be Either: An Australian Citizen, An Australian Permanent Resident (permanent Visa Sub Class Holder), A New Zealand Citizen, Or Eligible Non-resident Visa Holder..

• Other - Credit Approval. Additional Information: Meet CBA's credit assessment criteria which includes demonstrating the capacity to make the required repayments on the credit facility without substantial hardship.

• Other - Maximum 1 Borrower Per Application. Additional Information: The maximum number of borrowers eligible to apply per application is one.

 Bank Fees and Charges

• Establishment Fee (Upfront), Amount: 0.00. Additional Information: Upfront cost payable when accepting a loan.

• Loan Service Fee (Periodic), Amount: 15.00. Additional Information: Monthly charge to cover costs of keeping account active.

• Late Payment Fee (Event), Amount: 20.00. Additional Information: 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.

• Settlement Cheque Fee (Event), Amount: 30.00. Additional Information: Cheques provided to help you pay different recipients with your loan borrowings.

 Limitations & Restrictions (Constraints)

• Max Balance of 50000.00

• Min Balance of 4000.00

 Document Downloads