Commbank Personal Loan – loan
Online loans up to $50 000
Loan amount
$4,000 – $50,000
Interest from
11.50%
Term
1 – 7 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Online loans up to $50 000
- Term 1 – 7 years
Commonwealth Bank (CBA) is Australia's largest bank by market capitalisation and one of the "big four", listed on the ASX and regulated by APRA. It also owns the Bankwest brand, which operates as a largely digital-first retail bank with its own product range.
Commbank's unsecured personal loan can be used for purposes such as debt consolidation, renovations, travel or large purchases, with fixed or variable rate options and an application that can be completed and tracked entirely through the CommBank app for existing customers.
✓ Pros
- No security required
- Can be applied for and tracked through the CommBank app
- Choice of fixed or variable rate
- Fast indicative decision for many applicants
✗ Cons
- Advertised rate depends on individual credit assessment
- Unsecured pricing is higher than a comparable secured car loan
- Early payout may attract a fee on fixed-rate loans
How to apply
- Apply for your loan
- Wait for approval
- Wait for money
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income from employment or other verifiable source
- ✓ Active Australian bank account
- ✓ Valid driver's licence or passport for ID verification
Frequently asked questions
24 hours
The minimum loan amount at Commbank Personal Loan is $4,000.
About Commonwealth Bank of Australia
| Company | Commonwealth Bank of Australia |
|---|---|
| Address | Ground Floor, Tower 1/201 Sussex St, Sydney NSW 2000 |
| Website | https://www.commbank.com.au |