Fixed Rate Personal Loan

Stay in control with a fixed interest rate and fixed repayments for the life of the loan.
Category: Personal Loans  Last Updated October 14, 2024  Effective November 1, 2024

 General Lending Rates

Rates listed below are for a FIXED product. Additional Information To qualify for the medical education interest rate, at least one loan purpose of your personal loan must be for medical education costs at approved colleges and institutions. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your actual interest rate in your loan offer document. Comparison rate: 8.41% to 9.40% are based on an unsecured loan of $30,000, over a term of 5 years. Warning: Comparison rates are true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Interest Rate
7.00% PA
Comparison Rate
8.41%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 24.80%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 20.35%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 12.97%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 24.80%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 20.35%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 12.97%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 24.80%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 20.35%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 9.40%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 21.30%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 16.83%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 9.40%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 21.30%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 16.83%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 9.40%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 21.30%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 16.83%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 9.40%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 20.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 20.00%, Comparison Rate 21.30%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 15.50%
  • Lending Rate Type: Fixed
  • Interest Rate: 15.50%, Comparison Rate 16.83%
  • Repayment Type:
  • Loan Purpose:
  , DISCOUNT, 7.00%
  • Lending Rate Type: Discount
  • Interest Rate: 7.00%, Comparison Rate 8.41%
  • Repayment Type:
  • Loan Purpose:
  , DISCOUNT, 8.00%
  • Lending Rate Type: Discount
  • Interest Rate: 8.00%, Comparison Rate 9.40%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 7.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 7.00%, Comparison Rate 8.41%
  • Repayment Type:
  • Loan Purpose:
  , FIXED, 8.00%
  • Lending Rate Type: Fixed
  • Interest Rate: 8.00%, Comparison Rate 9.40%
  • Repayment Type:
  • Loan Purpose:

 Product Features

  • Other Additional Information: 1 to 7 years.
  • Other Additional Information: Pay weekly, fortnightly or monthly via direct debit. If you pay by any other means, your repayments will be monthly.
  • Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
  • Extra Repayments Additional Information: You can make additional repayments, subject to an early repayment adjustment. Additional repayments made on a Fixed Rate Loan are not available to be redrawn. We may charge an early repayment adjustment if loan is fully repaid with 12 or more months remaining on loan term, and we reasonably estimate we will incur a loss or administrative cost.
  • Other Additional Information: Interest is fixed so you know what your repayments will be for the life of the loan.
  • Other Additional Information: You may be eligible for same day funding if you're approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of your financial situation. Unavailable for secured loans, if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn't provided and subject to system availability.
  • Other Additional Information: Security is not required for this loan type.

 Product Eligibility

  • Natural Person - Be An Individual. Additional Information: Individuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.
  • Min Age - 18.
  • Residency Status - Must Live In Australia And Be Either: An Australian Citizen, An Australian Permanent Resident (permanent Visa Sub Class Holder), A New Zealand Citizen, Or Eligible Non-resident Visa Holder..
  • Other - Credit Approval. Additional Information: Meet CBA's credit assessment criteria which includes demonstrating the capacity to make the required repayments on the credit facility without substantial hardship.
  • Other - Maximum 1 Borrower Per Application. Additional Information: The maximum number of borrowers eligible to apply per application is one.

 Bank Fees and Charges

  • Establishment Fee (Upfront), Amount: 250.00. Additional Information: Upfront cost payable when accepting a loan.
  • Loan Service Fee (Periodic), Amount: 15.00. Additional Information: Monthly charge to cover costs of keeping account active.
  • Late Payment Fee (Event), Amount: 20.00. Additional Information: May be payable on the fifth business day after the repayment due date if at the end of the previous business day your loan is in arrears.
  • Settlement Cheque Fee (Event), Amount: 30.00. Additional Information: Cheques provided to help you pay different recipients with your loan borrowings.
  • Early Repayment Adjustment (Variable), Amount: Not Listed.. Additional Information: An early repayment adjustment may be made to cover reasonable administrative costs and estimated losses incurred by CBA as a result of you closing your fixed term loan early. This fee will not exceed the reasonable administrative costs and estimated losses arising from the early full repayment of your personal loan.

 Limitations & Restrictions (Constraints)

  • Max Balance of 50000.00
  • Min Balance of 4000.00

 Document Downloads