CommBank
Secured Fixed Rate Car Loan
Unlock the value of your car for a typically reduced interest rate.
Personal loansBank updated 23 Sept 2026
At a glance
- Fixed
- 6.79% · 11.78% comparison
- Upfront fee
- $250
- Monthly fee
- $15
§ 01 — Rates · 24
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| DiscountTo qualify for the energy-efficient discount, you must be an essential worker, or earn less than $100,000 per year, and use your personal loan to buy an Electric or plug-in hybrid car valued at less… | P&I | — | — | 5.79% | 7.21% | EV Access Program Discount Rate 5.79% |
| DiscountTo qualify for the energy-efficient discount, you must use your personal loan to buy an Electric or plug-in hybrid car emitting less than 75g CO2 emissions per kilometers. Comparison rate: 7.90% p.a.… | P&I | — | — | 6.49% | 7.90% | Energy-Efficient Discount Rate 6.49% to 8.49% |
| DiscountTo qualify for the energy-efficient discount, you must use your personal loan to buy an Electric or plug-in hybrid car emitting less than 75g CO2 emissions per kilometers. Comparison rate: 7.90% p.a.… | P&I | — | — | 8.49% | 9.88% | Energy-Efficient Discount Rate 6.49% to 8.49% |
| FixedMinimum rate 6.79%, 1 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 1 yr fixed | — | 6.79% | 11.78% | — |
| FixedRepresentative rate 8.79%, 1 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 1 yr fixed | — | 8.79% | 13.74% | — |
| FixedMaximum rate 11.29%, 1 year loan term. 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… | P&I | 1 yr fixed | — | 11.29% | 16.20% | — |
| FixedMinimum rate 6.79%, 2 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 2 yrs fixed | — | 6.79% | 11.78% | — |
| FixedRepresentative rate 8.79%, 2 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 2 yrs fixed | — | 8.79% | 13.74% | — |
| FixedMaximum rate 11.29%, 2 year loan term. 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… | P&I | 2 yrs fixed | — | 11.29% | 16.20% | — |
| FixedMinimum rate 6.79%, 3 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 3 yrs fixed | — | 6.79% | 11.78% | — |
| FixedRepresentative rate 8.79%, 3 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 3 yrs fixed | — | 8.79% | 13.74% | — |
| FixedMaximum rate 11.29%, 3 year loan term. 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… | P&I | 3 yrs fixed | — | 11.29% | 16.20% | — |
| FixedMinimum rate 6.79%, 4 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 4 yrs fixed | — | 6.79% | 8.20% | — |
| FixedRepresentative rate 8.79%, 4 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 4 yrs fixed | — | 8.79% | 10.18% | — |
| FixedMaximum rate 11.29%, 4 year loan term. 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… | P&I | 4 yrs fixed | — | 11.29% | 12.65% | — |
| FixedMinimum rate 6.79%, 5 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 5 yrs fixed | — | 6.79% | 8.20% | — |
| FixedRepresentative rate 8.79%, 5 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 5 yrs fixed | — | 8.79% | 10.18% | — |
| FixedMaximum rate 11.29%, 5 year loan term. 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… | P&I | 5 yrs fixed | — | 11.29% | 12.65% | — |
| FixedMinimum rate 6.79%, 6 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 6 yrs fixed | — | 6.79% | 8.20% | — |
| FixedRepresentative rate 8.79%, 6 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 6 yrs fixed | — | 8.79% | 10.18% | — |
| FixedMaximum rate 11.29%, 6 year loan term. 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… | P&I | 6 yrs fixed | — | 11.29% | 12.65% | — |
| FixedMinimum rate 6.79%, 7 year loan term. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lowe… | P&I | 7 yrs fixed | — | 6.79% | 8.20% | — |
| FixedRepresentative rate 8.79%, 7 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate will be based… | P&I | 7 yrs fixed | — | 8.79% | 10.18% | — |
| FixedMaximum rate 11.29%, 7 year loan term. 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… | P&I | 7 yrs fixed | — | 11.29% | 12.65% | — |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Early repayment adjustment | Exit | $15 | — | 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 e… |
| Late payment fee | Late payment | $20 | — | 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 |
| Loan service fee | Periodic | $15 | Every 1 mo | Monthly charge to cover costs of keeping account active. |
| Establishment Fee | Upfront | $250 | — | Upfront cost payable when accepting a loan. |
§ 03 — Features
Extra repaymentsDigital banking
- · 1 to 7 years.
- · Pay weekly, fortnightly or monthly via direct debit. If you pay by any other means, your repayments will be monthly.
- · Interest is fixed so you know what your repayments will be for the life of the loan
- · 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 Fixed Rate Car Loan
- · Enjoy up to $400 cashback if you are a CommBank Yello customer, purchase a vehicle through the Buy & own a car platform and finance it with a CommBank Secured Fixed Rate Car Loan.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: 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.
- · Available to individuals
- · Maximum LVR 1.2%
- · Minimum balance $4,000
- · A Secured Fixed Rate Car 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 depend…
- · Individuals must be buying a car that is unencumbered (unless buying a car privately via the VEME platform), is up to seven years old at the time of taking up the loan, will be registered to the cust…
- · Individuals must be eligible to work in Australia
- · Individuals must be employed or receive regular income
- · Individuals must have a good credit rating
- · Individuals must have comprehensive insurance on the vehicle they are using as security
- · Individuals must not be going through the process of bankrupcy
- · Meet CBA's credit assessment criteria which includes demonstrating the capacity to make the required repayments on the credit facility without substantial hardship.
- · The maximum number of borrowers eligible to apply per application is one.
- · The vehicle being used as security must not have any finance owing on it
§ 06 — Run the numbers
Put this product through a calculator
Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.