Secured Personal Loan

 General Lending Rates

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 15.42%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 13.45%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 6.49%, Comparison Rate 11.48%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 15.42%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 13.45%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 6.49%, Comparison Rate 11.48%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 15.42%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 13.45%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 6.49%, Comparison Rate 7.90%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 11.86%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 9.88%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 6.49%, Comparison Rate 7.90%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 11.86%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 9.88%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 6.49%, Comparison Rate 7.90%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 11.86%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 9.88%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 6.49%, Comparison Rate 7.90%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 10.49%, Comparison Rate 11.86%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Fixed
• Interest Rate: 8.49%, Comparison Rate 9.88%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Discount
• Interest Rate: 6.19%, Comparison Rate 7.61%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Discount
• Interest Rate: 5.49%, Comparison Rate 6.92%
• 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 can typically borrow at a lower rate than an unsecured loan by using the car that you're buying as security for a secured personal loan

 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.

• Other - Purpose Of The Loan - Buying A Car. Additional Information: A Secured Personal Loan can be used for buying a new or used car up to seven years old that doesn't have any finance owing on it. The amount can be for the full or partial purchase price depending on whether you've paid a deposit. You're unable to borrow for additional loan purposes (e.g. a car for $20,000 and furniture for $5,000 is not accepted) when buying a car.

• Other - Ineligibility. Additional Information: The vehicle being used as security must not have any finance owing on it

• Other - Insurance. Additional Information: Individuals must have comprehensive insurance on the vehicle they are using as security

 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

• 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 120000.00

• Min Balance of 4000.00

 Document Downloads