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 17 November 2019. 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 17 November 2019. 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
    Home with Commonwealth Bank....yeah.

    They have always been helpful when unexpected situations happen. Friendly on all approaches.

    They have always been helpful when unexpected situations happen. Friendly on all approaches.

    Price
    8/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10

    Aura | Queensland

    reviewed 5 days ago

  • Overall
    8/10
    The better option among the four big banks.

    More honest and upfront than bank of Queensland. The customer service is outstanding and we know...

    More honest and upfront than bank of Queensland. The customer service is outstanding and we know exactly where our money is and nothing is hidden. No bank is perfect but they were there when we needed them.

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10

    Kylie | Queensland

    reviewed 5 days ago

  • Overall
    9/10
    Great rate and service.

    Easy application and terms are simple and relevant. Product is very flexible and the customer...

    Easy application and terms are simple and relevant. Product is very flexible and the customer service from CommBank is always great. Most things can be done via app which makes banking with them quicker.

    Price
    8/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Carolyn | New South Wales

    reviewed 12 days ago

  • Overall
    8/10
    Simple loan.

    Easy to apply for. You need to phone to cancel loan.

    Easy to apply for. You need to phone to cancel loan.

    Price
    9/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    -1/10
    Trust
    9/10

    Brittany | New South Wales

    reviewed 17 days ago

  • Overall
    2/10
    Expensive

    Whenever I need to call, I am always on hold for ages. They are not good at accepting mistakes or...

    Whenever I need to call, I am always on hold for ages. They are not good at accepting mistakes or issues on their end and I have had to pay for their mistakes and miscommunication in the past.

    Price
    4/10
    Features
    3/10
    Customer service
    2/10
    Convenience
    7/10
    Trust
    3/10

    Clare | Queensland

    reviewed 18 days 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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Unsecured Personal Loan (Fixed)

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

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9.89% p.a.

10.14% p.a.based on $30,000
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$175.00upfront and $0.00/month

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12.45% p.a.

13.32% p.a.based on $30,000
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$150.00upfront and $10.00/month

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5.64% p.a.

5.99% p.a.based on $30,000
over 5 years

$250.00upfront and $0.00/month

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Low Rate Secured Personal Loan

4.69% p.a.

7.16% p.a.based on $10,000
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$200.00upfront and $5.00/month

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Discounted Personal Loan

7.99% p.a.

8.35% p.a.based on $30,000
over 5 years

$250.00upfront and $0.00/month

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8.49% p.a.

9.60% p.a.based on $30,000
over 5 years

$195.00upfront and $12.00/month

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5.75% p.a.to 19.99% p.a.

6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years

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Harmoney

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Unsecured Personal Loan

6.99% p.a.to 28.69% p.a.

7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years

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Low Rate Unsecured Personal Loan

9.99% p.a.

11.74% p.a.based on $10,000
over 3 years

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Unsecured Personal Loan

6.89% p.a.

8.89% p.a.based on $10,000
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Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
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8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

$150.00upfront and $0.00/month

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Unsecured Personal Loan

6.99% p.a.to 28.69% p.a.

7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years

$500.00upfront and $0.00/month

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Unsecured Personal Loan

6.89% p.a.

8.89% p.a.based on $10,000
over 3 years

$299.00upfront and $0.00/month

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Low Rate Unsecured Personal Loan

9.99% p.a.

11.74% p.a.based on $10,000
over 3 years

$250.00upfront and $0.00/month

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5.75% p.a.to 19.99% p.a.

6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years

$300.00upfront and $10.00/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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9.54% p.a.

9.83% p.a.based on $30,000
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$200.00upfront and $0.00/month

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Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

$175.00upfront and $0.00/month

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8.89% p.a.

$0.00

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4.69% p.a.

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Secured Personal Loan

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$12.00

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Personal Loan (Variable, Unsecured)

12.69% p.a.

13.56% p.a.

$10.00

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5.75% p.a.

6.89% p.a.

$10.00

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Unsecured Personal Loan

12.99% p.a.

14.06% p.a.

$12.00

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Unsecured Personal Loan (Debt Consolidation)

6.89% p.a.

8.89% p.a.

$0.00