HomePersonal LoansCommBankFixed Rate Personal Loan

CommBank Fixed Rate Personal Loan

The CommBank Fixed Rate Personal Loan offers rates from 8.49% p.a. (9.18% p.a. comparison rate*). on loans of $4,000 to $50,000.


Updated 28 September 2023

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Expert Review

CommBank Fixed Rate Personal Loan is an unsecured loan with a fixed rate from 7.50% to 19.50% p.a. (8.20% to 21.00% p.a. comparison rate). The loan amount ranges from $4,000 to $50,000. The loan term can be up to 7 years with an establishment fee of $150 and ongoing fee of $10 per month.

This product may be suitable if you’re looking for a way to consolidate debt, renovate your house, go on that trip or just like the certainty of fixed repayment amounts each month. Additionally, CommBank offers loan finance available within the same day and no fee charged for paying out your loan early if you decide it’s time to pay off your debt sooner than expected.

Product Details
Fees

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$150 establishment fee

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$10 ongoing monthly fee

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No early repayment fee

Other fees may apply.

Rates

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Fixed rate from 8.49% to 20.49% p.a.

Loan Amount

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From $4,000 to $50,000

Loan Terms

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1, 2, 3, 4, 5, 6 or 7 years

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Unsecured loan

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the CommBank website.

More information
The comparison rates on this page are based on either a $30,000 loan over 5 years, or a $10,000 loan 3 years, as indicated with each rate. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in different comparison rates.
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