Your selected personal loans
Commonwealth Bank or ‘CommBank’ is one of the Big Four banks in Australia and is also the country’s most profitable, earning $10 billion in the 2024 financial year.
The bank focuses on retail and commercial banking services and offers the full range of personal finance products to its customers, including both secured and unsecured personal loans, both with fixed and variable rate interest options, as well as green personal loans.
Provided your credit is in order, you have a regular income and a good savings record, a personal loan can help with a range of costs to the purchase of a new car to consolidating your debts or emergency expenses.
After your application is submitted, CommBank says it will give you a response in 60 seconds. If approved, CommBank will send you a contract. Accept it if you’re happy with the terms, though the bank may ask you for some additional documents.
If you have a good credit score, a steady income and minimal debts and even some money saved, getting a $5,000 loan should be within your reach.
According to the Mozo personal loans calculator, a $15,000 with an interest rate of 10.35% p.a. paid over three years would cost you $436 per month.
The total interest paid on this loan would amount to $2,513.
There are a number of top personal loans on the market, including Mozo Experts Choice Awards winners, which are chosen based on their attractive interest rates, low fees and flexibility. Your decision of which is best for your needs, should factor in these important aspects of the loan.
Your selected personal loans
Whenever i have an issue, my card is hacked etc. A quick phone call has always solved the problem. It also only took 24hrs to receive my personal loan once applying.
Likes: User-friendly app with great features like spending insights and instant transfers. Convenient branches and ATMs across Australia. Strong security measures for peace of mind. Dislikes: Fees can be high, especially for international transactions. Long wait times for customer service. Interest rates on savings accounts aren’t the most competitive.
I have found banking with CBA pretty good. Our local branch has limited hours but fantastic customer service. I am happy with my personal loan and the benefits it includes. I fi d it value for money and love the Netbank App
Trusted bank, easy to use. Customer service was lacking when I called for assistance one time as the lady on phone was quite rude. Otherwise no other issues
Commonwealth bank has easy to apply for loans with great rates and very easy to get..excellent five star bank for all types of loans
I think the com bank is a great bank good rates and friendly staff
Overall I'm not too happy with the banks in general. I think they are greedy and don't offer much incentives
App is great - makes things easier. Problem when you have to talk to a person.
I liked this bank very quick with my application
I find when in financial hardship you have to jump through hoops to advise this, they take while to get back to you, and when they do; they use their own calculator which I don't believe takes into account all debts and debits. I have been a customer since I was 5 through the school dollarmites account, and am now 31. For 26 years holding an account with only them, I would of thought their customer service would be a bit better, and more understanding of peoples hardships.
* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
^See information about the Mozo Experts Choice Personal Loan Awards
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