HomePersonal LoansCommBankVariable Rate Personal Loan

CommBank Variable Rate Personal Loan

The CommBank Variable Rate Personal Loan offers rates from 8.25% p.a. (9.64% p.a. comparison rate*). on loans of $4,000 to $50,000.


Updated 23 June 2025


Fact checked and verified. Updated 23 June 2025
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Expert Review

The CommBank Variable Rate Personal Loan is an unsecured loan. It offers a variable interest rate from 8.25% to 20.25% p.a. The comparison rate ranges between 9.64% and 21.55% 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. Additionally, a monthly fee of $15 applies.

This personal loan is great for individuals looking to consolidate existing debt. It can also be used for home renovations or to finance travel plans. One benefit is same-day loan funding. Another advantage is the flexibility to redraw any extra repayments made earlier. Additionally, there are no fees for early repayment of the loan balance. This gives you greater control over your financial commitments.

Product Details
Fees

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$250 establishment fee

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$15 ongoing monthly fee

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No early repayment fee

Other fees may apply.

Rates

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Fixed rate from 8.25% to 20.25% 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

Features

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Redraw extra repayments that you have made

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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