CommBankUnsecured Fixed Rate Personal Loan
Take control of your next step with a flexible CommBank Fixed Rate Personal Loan that puts you in charge.
Personal loansBank updated 1 Oct 2026
At a glance
- Fixed
- 6.99%10.22% comparison
- Upfront fee
- $0
- Monthly fee
- $15
Rates
Every rate CommBank publishes for this personal loan, 23 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| DiscountTo qualify for the energy-efficient discount, you must use your personal loan to buy or install eligible products. Your interest rate will be based on a number of factors, including the information y… | P&I | - | - | 6.98% | 8.03% | Energy-Efficient Discount Rate 6.98% to 8.48% |
| DiscountTo qualify for the energy-efficient discount, you must use your personal loan to buy or install eligible products. Your interest rate will be based on a number of factors, including the information y… | P&I | - | - | 8.48% | 9.51% | Energy-Efficient Discount Rate 6.98% to 8.48% |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 10.22% | - |
| FixedRepresentative rate 16.99%, 1 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 1 yr fixed | - | 16.99% | 19.97% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 26.82% | - |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 10.22% | - |
| FixedRepresentative rate 16.99%, 2 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 2 yrs fixed | - | 16.99% | 19.97% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 26.82% | - |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 10.22% | - |
| FixedRepresentative rate 16.99%, 3 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 3 yrs fixed | - | 16.99% | 19.97% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 26.82% | - |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 8.04% | - |
| FixedRepresentative rate 16.99%, 4 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 4 yrs fixed | - | 16.99% | 17.91% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 24.85% | - |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 8.04% | - |
| FixedRepresentative rate 16.99%, 5 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 5 yrs fixed | - | 16.99% | 17.91% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 24.85% | - |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 8.04% | - |
| FixedRepresentative rate 16.99%, 6 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 6 yrs fixed | - | 16.99% | 17.91% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 24.85% | - |
| FixedMinimum rate 6.99%, 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 | - | 6.99% | 8.04% | - |
| FixedRepresentative rate 16.99%, 7 year loan term. At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. Your interest rate wil… | P&I | 7 yrs fixed | - | 16.99% | 17.91% | - |
| FixedMaximum rate 23.99%, 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 | - | 23.99% | 24.85% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it outNo feeEstablishment Fee
- While you hold it$15 a monthLoan service fee
- When you close it or pay it off$15Early repayment adjustment
When you take it out1
- Establishment Fee
Upfront cost payable when accepting a loan.
No fee
While you hold it1
- Loan service fee
Monthly charge to cover costs of keeping account active.
$15 a month
If a payment is late or fails1
- Late payment fee
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.
$20
When you close it or pay it off1
- Early repayment adjustment
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…
$15
Other fees1
- Settlement cheque fee
Cheques provided to help you pay different recipients with your loan borrowings.
$15
Features
Extra repaymentsDigital banking
- 1 to 7 years.
- Interest is fixed so you know what your repayments will be for the life of the loan.
- Pay weekly, fortnightly or monthly via direct debit. If you pay by any other means, your repayments will be monthly.
- Security is not required for this loan type.
- You may be eligible for same day funding if you're approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of…
Eligibility and 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
- Minimum balance $4,000
- 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 not be going through the process of bankruptcy
- 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.
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Published by CommBank under the Consumer Data Right, last changed by them on 1 Oct 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.