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Commonwealth Bank Personal Loan Calculator & Product Overview

Commonwealth Bank personal loans are best if you want a reputable bank that puts you in charge of your financial goals. Whether that’s buying a car, consolidating debt or something in between, you can compare what’s available and calculate repayments with BestFind. When you get approved Commonwealth Bank lets you pocket up to $50,000 for their unsecured personal loans.

CBA Personal Loan Calculator

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3 months

Commonwealth Bank

Fixed Rate Personal Loan

EST Monthly Repayment
EST Monthly Repayment
Advert. Rate (p.a)
Comparison rate
Comparison based on an unsecured $30,000 loan over five years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Commonwealth Bank

Variable Personal Loan

EST Monthly Repayment
EST Monthly Repayment
Advert. Rate (p.a)
Comparison rate
Get a competitive rate and have the flexibility to make additional repayments at any time without a fee. provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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Commonwealth Bank personal loans – Achieve your money goals

You can’t talk about Australia’s big four banks without mentioning the Commonwealth Bank of Australia or CommBank and CBA for short. The financial institution has been perfecting its art since 1912, and Commonwealth Bank personal loans are a shining example of what CommBank brings to the table. BestFind’s guide takes a closer look at this particular financial product so you can decide if it’s right for you.

Types of Commonwealth Bank personal loans

There are three personal loan options to choose from when applying with CommBank:

  • Fixed rate loan (unsecured). With a fixed rate personal loan, your repayments never change. You can figure out what you have to pay as well as the total costs before you even apply. This option is also easier to budget for plus there’s peace of mind from knowing you’re protected if market rates increase. Interest rates typically range from 9.50% to 16.50% p.a.
  • Variable rate loan (unsecured). While a fixed rate gives you stability, a variable rate personal loan is all about flexibility. CommBank won’t charge you for any additional repayments, so you can quickly pay off your debt to cut back on finance costs. There’s a redraw facility if you also need to access those extra repayments. Interest rates start from 11.50% p.a. to 18.50% p.a.
  • Secured car loan. You can offer the new or used car you’re buying as security to win over a lower rate. The option comes with a fixed rate ranging from 6.99% p.a. to 9.99% p.a. The funds are strictly for buying cars that are less than five years old. Borrowing limits range from $10,000 to $100,000.

Features and benefits of personal loans from Commonwealth Bank

  • Loan amounts. You can borrow from $4,000 to $50,000 with an unsecured loan and between $10,000 and $100,000 for a secured car loan.
  • Loan terms. You can make monthly, fortnightly, or weekly repayments over 1-7 years.
  • Tailored interest rates. CommBank says at least half their customers get the representative rate or lower. But what you initially see may not be the actual rate you end up with. CBA looks at the information in your application before giving you a personalised rate.
  • Extra repayments. You can make fee-free additional repayments of up to $1,000 for fixed rate options. There’s no extra repayment fee for variable rate options.
  • Manage your loan. It’s easy to make repayments or keep an eye on things wherever you are in Netbank or the CommBank App.
  • Same day funding. Based on Sydney/Melbourne time you get money on the same day if credit approval happens by midday on weekdays.
  • Fees and charges. CommBank charges $150 (unsecured) or $250 (secured car) as an establishment fee. There’s also a $10 monthly service charge. Additional fees such as late payment fees and electronic banking fees may also apply.

To be eligible for a Commonwealth Bank personal loan, you must:

  • Be at least 18 years or older
  • Be qualified to work in Australia
  • Have a regular income
  • Have a good credit rating
  • Not be experiencing bankruptcy
  • Provide details of your financial situation

How to get a Commonwealth Bank personal loan

It generally takes between 10-15 minutes to apply for a CommBank personal loan online. Follow these steps to submit your application:

  • Compare and choose the CommBank loan you want in the table above.
  • Calculate your repayments using our Commonwealth Bank personal loan calculator.
  • Click “Go to Start” to connect to the application page.
  • Hand in the required details
  • You get a response within 60 seconds informing you of your interest rate as well as the full terms and conditions.
  • Once you accept it’s time to upload additional documents to finalise the contract and get your money. Required documents may include ID, payslips, and tax returns (if you’re self-employed).

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