CommBank Fixed Rate Personal Loan

Buy a new car or pay for your next holiday with a CommBank Fixed Rate Personal Loan.

  • Special offer:Applications funded by 4 July 2021 will receive a 2.50% p.a. discount on the interest rate (the interest rate shown is inclusive of this discount).

Commonwealth Bank offers Fixed Rate Personal Loans with a fast approval process quick access to funds. This loan can be used for a variety of purposes, such as buying a new car or going on a holiday, and your repayments are ensured to remain the same for the entirety of the loan.

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From 9% (fixed)

Interest Rate (p.a.)

9.90%

Comparison Rate (p.a.)

$4,000

Min Loan Amount

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Details

Product NameCommBank Fixed Rate Personal Loan
Interest Rate (p.a.)
From 9% (fixed)
Comparison Rate (p.a.)9.90%
Interest Rate TypeFixed
Min Loan Amount$4,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Things to consider about the CommBank Fixed Rate Personal Loan

Having a fixed interest rate means your repayments will remain the same and not fluctuate with the rise and fall of market interest rates. The fixed rate starts from 9% p.a.

With the opportunity for same-day access to funds, this loan is a viable option if you need money fast. If you don't like the sound of a fixed interest rate, Commonwealth Bank also offers a Variable Rate Loan.

Features of the CommBank Fixed Rate Personal Loan

  • Special Offer: Applications funded by 4 July 2021 will receive a 2.50% p.a. discount on the interest rate (the interest rate shown is inclusive of this discount).
  • Fixed interest rate. The interest rate and repayment amounts are fixed at a competitive 9% p.a. for the life of the loan. If market interest rates rise, your repayments will remain the same, which may help you save you money in the long run.
  • Fast response. There’s no need to stress while you wait for approval, as the Commonwealth Bank guarantees a response within 60 seconds of submitting your application.
  • Same-day funding. As long as you submit your application before midday on a business day you could have access to your funds on the same day.
  • Flexible repayment options. You are able to choose between weekly, fortnightly or monthly repayments. Commonwealth Bank also lets you repay the loan over a period of between 1 to 7 years.
  • Option to make extra repayments. This loan gives you the ability to make extra repayments up to a total of $1,000 per year, helping to shorten the life of the loan and save you money on interest repayments.
  • Fees and charges. This loan has an establishment fee of $150 and a monthly fee of $10. As with most loans, late payments fees may also apply.

How to apply for the CommBank Fixed Rate Personal Loan

If this sounds like the right loan for you and you have all your documentation in order, click ‘Go to Site’ to begin the application process. You can also apply through your NetBank account if you are already a Commonwealth Bank customer.

To be eligible for this loan you will need to:

  • Have a source of regular income
  • Have an Australian residential address
  • Be over 18 years of age

You will need to provide documentation such as:

  • Proof of income
  • Personal information
  • Financial information (bank statements, payslips, debts and credit cards)
  • Details of your assets (you will only need to provide this if you choose a secured loan)

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Borrow up to $50,000 with interest rate from 5.75% p.a. to 25.99% p.a. and earn 1 Qantas Point for every $1 borrowed.
Plenti Personal Loan

From 5.43% (fixed)
5.43%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 5.43% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.

Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a guaranteed rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved. Note: This rate may vary during the loan term.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021. The interest rate doesn’t change based on your risk profile, so you know your rate before you apply.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

⭐ Finder Exclusive: Get a $200 cashback if your loan is approved by June 30 2021. T&Cs apply.
Alex Personal Loan

From 5.45% (fixed)
5.45%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.45% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 30 June 2021.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.
OurMoneyMarket Personal Loan

From 6.29% (fixed)
6.54%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.29% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐Special Offer: If your loan is approved before June 30th, you will get a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months regardless of your credit score.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 7 years
$195
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer: Wisr's standard establishment fee $595 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 10.50% p.a. with a comparison rate of 11.38% p.a. if you're approved. Note: This rate may vary during the loan term.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 7 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 8.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 7 years.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 5.43% (variable)
5.43%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 5.43% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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21 Comments

    Default Gravatar
    Laura Penny
    October 6, 2018

    Well what gonna happen now
    How do I sign up for the banking industry to get the go ahead with this one

    Default Gravatar
    Laura
    October 6, 2018

    Would I be able to get a loans if I can. Well what gonna happen now?

      Avatarfinder Customer Care
      Joshua
      October 7, 2018

      Hi Laura,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      Yes, you can apply for a loan with Commonwealth Bank. However, before you do so, please review the criteria, details of the loan product, and its conditions, then contact the Commonwealth Bank directly to discuss your loan options and eligibility.

      In case you are also exploring other options, please check our list of personal loans. You can press the “Go to site” button of your preferred lender to proceed with your loan application or get in touch with their representatives for further assistance.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    Roz
    August 24, 2017

    Hi, can I apply for a personal loan of $5000. I’m on my bridging visa and been working casual for 3 months now.

      Default Gravatar
      Liezl
      August 25, 2017

      Hi Roz,

      Thanks for reaching out. You may apply for the loan featured on this page if you meet the eligibility criteria and documentation mentioned above. Also, you may check other loan options for temporary residents and see which one may suit you.

      Cheers,
      Liezl

    Default Gravatar
    kathryn
    August 16, 2017

    I am on a dsp pension, am I eligible to borrow $10,000

      Default Gravatar
      Arnold
      August 16, 2017

      Hi Kathryn,

      Thanks for your inquiry.

      There are lenders that will allow personal loans for people on pension. Please check this page to compare these lenders in our panel. Please remember to check eligibility criteria before applying.

      Hope this information helped.

      Cheers,
      Arnold

    Default Gravatar
    chris
    June 8, 2017

    Does D.S.P pension count towards my loan approval? I need the funds for a new computer for my tafe course next year plus education expenses incurred throughout the duration of the course. Please advise. Thank you

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