The CommBank Secured Personal Loan offers rates from 5.99% p.a. (7.05% p.a. comparison rate*). on loans of $4,000 to $100,000.
Updated 28 September 2023
* See details below
CommBank offers a Secured Personal Loan with a fixed rate from 5.99% to 11.99% p.a. (7.05% to 13.02% p.a. comparison rate). This loan can be used for amounts between $4,000 and $100,000 over 1-7 years. An establishment fee of $250 and an ongoing fee of $10 per month apply.
According to Stay or Go's personal loan comparison review, this product ranks amongst the 25% lowest interest rates when compared to other secured, fixed rate loans in the market, making it a competitive option for those looking to buy a vehicle and value the certainty of set payment amounts each month. There is no fee charged for paying out the loan early if you decide you want to pay it off sooner than expected - another great benefit.
$10 ongoing monthly fee
No early repayment fee
Other fees may apply.
Fixed rate from 5.99% to 11.99% p.a.
From $4,000 to $100,000
1, 2, 3, 4, 5, 6 or 7 years
Before applying for this product, you should read the Target Market Determination (TMD) available here on the CommBank website.