Commonwealth Bank Unsecured Personal Loan

This product is available in different versions. Pick the right version for you here.

The details shown below are for a variable loan between $4,000 and $50,000

The details shown below are for a fixed loan between $4,000 and $50,000

Choose the version of this loan that suits you best

  • Loan: $4,000 $50,000

  • Loan: $4,000 $50,000

13.90% p.a.to 18.90% p.a.

14.77% p.a.to 19.74% p.a.based on $30,000
over 5 years

$150

Commonwealth Bank Unsecured Personal Loan

13.90% p.a.to 18.90% p.a.

14.77% p.a.to 19.74% p.a.based on $30,000
over 5 years

$150

11.70% p.a.to 18.90% p.a.

11.88% p.a.to 19.74% p.a.based on $30,000
over 5 years

$150

Commonwealth Bank Unsecured Personal Loan

11.70% p.a.to 18.90% p.a.

11.88% p.a.to 19.74% p.a.based on $30,000
over 5 years

$150

Details

Rates and fees information correct as at 22 January 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
  • Variable

  • 13.90% p.a.variable

  • 14.77% p.a.to 19.74% p.a.based on $30,000
    over 5 years

Fees
  • $150.00

  • $10.00

  • $20.00

  • $0.00

  • $0.00

Other financial bits
  • $4,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

*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.

Details

Rates and fees information correct as at 22 January 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

  • 11.70% p.a.to 18.90% p.a. fixed

  • 11.88% p.a.to 19.74% p.a.based on $30,000
    over 5 years

Fees
  • $150.00

  • $10.00

  • $20.00

  • $0.00

  • May be payable

Other financial bits
  • $4,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • Special rate with a discount of 2.00% available until 20 December 2019.

  • Can make extra repayments 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
6.8/10
Price
6.1/10
Features
5.8/10
Customer service
7.3/10
Convenience
7.8/10
Trust
7.0/10

Latest reviews of Commonwealth Bank Unsecured Personal Loan

  • Overall 8/10
    Great service and rate.

    Was very well looked after by my local CBA branch. The rate was super competitive and they were happy to match the competition to secure my loan.

    Read full review

    Was very well looked after by my local CBA branch. The rate was super competitive and they were happy to match the competition to secure my loan.

    Price
    10/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    6/10
    Less
    Gemma, Victoria reviewed about 1 month ago
  • Overall 4/10
    User friendly.

    CBA is very convenient.

    Read full review

    CBA is very convenient.

    Price
    2/10
    Features
    2/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    6/10
    Less
    Carina, South Australia reviewed about 1 month ago
  • Overall 0/10
    I’m in debt and they don’t offer any help.

    I pay nothing less than any other bank and I have been a loyal customer since my dollar mites account.

    Read full review

    I pay nothing less than any other bank and I have been a loyal customer since my dollar mites account.

    Price
    2/10
    Features
    1/10
    Customer service
    5/10
    Convenience
    3/10
    Trust
    0/10
    Less
    Carlie, New South Wales reviewed about 1 month ago
  • Overall 10/10
    They have great packages.

    Very helpful and great packages to suite my needs.

    Read full review

    Very helpful and great packages to suite my needs.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Dennis, Queensland reviewed about 2 months ago
  • Overall 9/10
    Trusted and helpful.

    Quick application and deposit of funds.

    Read full review

    Quick application and deposit of funds.

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Alycia, New South Wales reviewed about 2 months 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.

See Commonwealth Bank personal loans

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$0.00upfront and $0.00/month

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12.69% p.a.to 18.69% p.a.

13.56% p.a.to 19.53% p.a.based on $30,000
over 5 years

$150.00upfront and $10.00/month

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7.69% p.a.to 29.55% p.a.based on $30,000
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$500.00upfront and $0.00/month

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$150.00upfront and $5.00/month

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11.74% p.a.based on $10,000
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Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

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over 5 years

$0.00upfront and $0.00/month

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6.79% p.a.

8.83% p.a.based on $10,000
over 3 years

$299.00upfront and $0.00/month

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7.95% p.a.to 16.95% p.a.

9.56% p.a.to 18.53% p.a.based on $30,000
over 5 years

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7.99% p.a.

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$0.00

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$0.00

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$0.00

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7.65% p.a.

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12.69% p.a.to 18.69% p.a.

13.56% p.a.

$10.00