HomePersonal LoansCommBankSecured Personal Loan

CommBank Secured Personal Loan

The CommBank Secured Personal Loan offers rates from 6.99% p.a. (8.04% p.a. comparison rate*). on loans of $4,000 to $100,000.


Updated 23 September 2024


Fact checked and verified. Updated 23 September 2024
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Expert Review

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.

Product Details
Fees

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$250 establishment fee

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$15 ongoing monthly fee

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Early repayment fee may apply

Other fees may apply.

Rates

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Fixed rate from 6.99% to 10.99% p.a.

Loan Amount

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From $4,000 to $100,000

Loan Terms

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

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Secured 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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