The CommBank Variable Rate Personal Loan offers rates from 8.50% p.a. (9.89% p.a. comparison rate*). on loans of $4,000 to $50,000.
Updated 18 March 2025
* See details below
The CommBank Variable Rate Personal Loan is an unsecured loan. It offers a variable interest rate from 8.50% to 20.50% p.a. The comparison rate ranges between 9.89% and 21.79% p.a.* Loan amounts start at $4,000 and go up to $50,000. Repayment terms are flexible, lasting from one to seven years. There is an establishment fee of $250. An ongoing monthly fee of $15 also applies.
This personal loan is suitable for individuals needing funds for debt consolidation, home renovations, or travel expenses. It offers the possibility of same-day loan financing. Borrowers can also redraw any extra repayments made earlier. There are no fees for early repayment of the outstanding balance.
•
•
$15 ongoing monthly fee
•
No early repayment fee
Other fees may apply.
•
Fixed rate from 8.50% to 20.50% p.a.
•
From $4,000 to $50,000
•
1, 2, 3, 4, 5, 6 or 7 years
•
Unsecured loan
•
Redraw extra repayments that you have made
Before applying for this product, you should read the Target Market Determination (TMD) available here on the CommBank website.