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Commonwealth Bank Secured Car Loan (Fixed)

Interest rate from
6.99% p.a.to 9.99% p.a.
Comparison rate from*
8.05% p.a.to 11.03% p.a.based on $30,000
over 5 years
Upfront fee
$250

Details

Rates and fees information correct as at 8 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

  • Fixed

  • 6.99% p.a.to 9.99% p.a. fixed

  • 8.05% p.a.to 11.03% p.a.based on $30,000
    over 5 years

Fees

  • $250.00

  • $10.00

  • $20.00

  • $0.00

  • May be payable at cost

Other financial bits

  • $10,000.00

  • none

  • 1 Year

  • 5 Years

  • Vehicle

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • Can make extra repayments of up to $1,000 per year without penalty.

*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. WARNING: 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.

Customer Reviews

How are Commonwealth Bank personal loans rated by the Mozo community?

Overall customer rating
6.9/10

Based on 2103 Commonwealth Bank personal loan reviews

Price
6.1/10
Features
5.9/10
Customer service
7.3/10
Convenience
7.8/10
Trust
7.0/10

Latest reviews of Commonwealth Bank Secured Car Loan (Fixed)

  • Overall 10/10
    Great interest rates and their staff are great.

    I like my Commonwealth bBank because they helped myself and my wife to get a loan with them. They really helped us because we are on a pension and it’s hard to get a loan.

    Read full review

    I like my Commonwealth bBank because they helped myself and my wife to get a loan with them. They really helped us because we are on a pension and it’s hard to get a loan.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Steven, Tasmania reviewed 4 months ago
  • Overall 9/10
    They just make it too easy.

    The CommBank app is the real star for me. Easy to navigate and use which has got me to set up my weekly payments until the amount is owed. The app reminds you constantly that you have an upcoming payment so I don’t have to worry about remembering to transfer because it just does it for me! With low interest rates it enables you to pay the amount owed plus interest with barely any issues, quick and efficient!

    Read full review

    The CommBank app is the real star for me. Easy to navigate and use which has got me to set up my weekly payments until the amount is owed. The app reminds you constantly that you have an upcoming payment so I don’t have to worry about remembering to transfer because it just does it for me! With low interest rates it enables you to pay the amount owed plus interest with barely any issues, quick and efficient!

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Seab, Victoria reviewed 5 months ago
  • Overall 8/10
    Satisfactory.

    Very good.

    Read full review

    Very good.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Lisa, Tasmania reviewed 7 months ago
  • Overall 10/10
    Best bank

    They are the best bank. Always helpful when you need and very trustworthy.

    Read full review

    They are the best bank. Always helpful when you need and very trustworthy.

    Price
    8/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Montana, Queensland reviewed 10 months ago
  • Overall 10/10
    Amazing

    Helped me purchase a car.

    Read full review

    Helped me purchase a car.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Shandelle, Queensland reviewed over 1 year ago
Commonwealth Bank

About Commonwealth Bank

The Commonwealth Bank might be one of Australia's oldest and largest banks, but lately it's determined to do things differently. The Commonwealth Bank reckons it's focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank's wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.

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