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Commonwealth Bank car loan reviews

Commonwealth Bank
Commonwealth Bank's overall rating for car loans

(as rated by the Mozo community)

7.1 / 10

based on 229 reviews

Price

Features

Customer service

Convenience

Trust

Featured car loan from Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed)

Interest rate

6.99% p.a.to 10.49% p.a.

comparison rate*

8.05% p.a.to 11.53% p.a.based on $30,000
over 5 years

Fees

$250.00upfront and $10.00/month

 Contact provider or click here for more Commonwealth Bank car loans

Recent Commonwealth Bank car loan reviews

Commonwealth Bank

Commonwealth Bank Car Loan review

Overall rating   10 / 10

The staff are second to none, and good service.

I like the Commonwealth Bank because I have had all my banking with them, they have always been very helpful to me and my family.

Full review

I like the Commonwealth Bank because I have had all my banking with them, they have always been very helpful to me and my family.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Steven, Tasmania, reviewed 19 days ago

Commonwealth Bank

Commonwealth Bank Car Loan review

Overall rating   5 / 10

Fantastic.

Overall great for car loans.

Full review

Overall great for car loans.

    Price   7 / 10

    Features   6 / 10

    Customer service   5 / 10

    Convenience   7 / 10

    Trust   6 / 10

Less

Danny, Western Australia, reviewed 28 days ago

Commonwealth Bank

Commonwealth Bank Car Loan review

Overall rating   5 / 10

Good but expensive.

They have been good when I was late with my payments but I have seen better offers since I signed up.

Full review

They have been good when I was late with my payments but I have seen better offers since I signed up.

    Price   6 / 10

    Features   4 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Ryan, Queensland, reviewed about 1 month ago

Commonwealth Bank

Commonwealth Bank Car Loan review

Overall rating   5 / 10

Too many hidden fees.

The loan was easier to secure because I had been with them for a very long time, however all the hidden fees and interest rates have made me regret my decision to go with them.

Full review

The loan was easier to secure because I had been with them for a very long time, however all the hidden fees and interest rates have made me regret my decision to go with them.

    Price   5 / 10

    Features   3 / 10

    Customer service   7 / 10

    Convenience   7 / 10

Less

Taylor, Queensland, reviewed about 1 month ago

Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed) Secured Car Loan (Fixed) review

Overall rating   5 / 10

We should shop around for a better deal

Their interest was 9.5 percent which we thought was fairly high.

Full review

Their interest was 9.5 percent which we thought was fairly high.

    Price   3 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Robert, Tasmania, reviewed 2 months ago

Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed) Secured Car Loan (Fixed) review

Overall rating   7 / 10

Good

Like it a lot.

Full review

Like it a lot.

    Features   4 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Hamahona, Victoria, reviewed about 1 year ago

Commonwealth Bank

Commonwealth Bank Car Loan review

Overall rating   7 / 10

Good provider

It's a good bank. We are maintained money. We recommend with others...

Full review

It's a good bank. We are maintained money. We recommend with others...

    Price   6 / 10

Less

Ramya, New South Wales, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Car Loan review

Overall rating   10 / 10

Very good provider

    Price   0 / 10

Less

Robert, Queensland, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed) Secured Car Loan (Fixed) review

Overall rating   6 / 10

Could do a little more for pensioners

After applying for a loan it took some time to get a response.

Full review

After applying for a loan it took some time to get a response.

    Price   7 / 10

Less

Stuart, Queensland, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed) Secured Car Loan (Fixed) review

Overall rating   10 / 10

Very quick and friendly service

very quick and friendly service

Full review

very quick and friendly service

    Price   8 / 10

Less

Paula, New South Wales, reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed) Secured Car Loan (Fixed) review

Overall rating   10 / 10

Great to work with

great to work with

Full review

great to work with

    Price   10 / 10

Less

Amanda, Queensland, reviewed almost 3 years ago

Commonwealth Bank

Commonwealth Bank Secured Car Loan (Fixed) Secured Car Loan (Fixed) review

Overall rating   4 / 10

Average service

Was very good to start with but when I applied for a credit card the service was very mediocre.

Full review

Was very good to start with but when I applied for a credit card the service was very mediocre.

    Price   4 / 10

    Features   3 / 10

    Customer service   6 / 10

    Convenience   3 / 10

    Trust   4 / 10

Less

Andrea, New South Wales, reviewed about 3 years ago

Commonwealth Bank

Commonwealth Bank Student Car Loan (Fixed, Secured) Student Car Loan (Fixed) review

Overall rating   10 / 10

Best customer service I have ever received

From start to finish was a good experience

Full review

From start to finish was a good experience

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Abe, Queensland, reviewed over 3 years ago

Commonwealth Bank

Commonwealth Bank Unsecured Personal Loan (Variable) Unsecured Personal Loan review

Overall rating   6 / 10

Needed loan for 4x4

Not bad

Full review

Not bad

    Price   5 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   5 / 10

Less

Bradley, Western Australia, reviewed over 3 years ago

Commonwealth Bank

Commonwealth Bank Unsecured Personal Loan (Variable) Unsecured Personal Loan review

Overall rating   8 / 10

Easy to manage with excellent service.

I have been a Commonwealth Bank customer for 34 years since I was 6 years old with my first ever bank account. There is a reason for not changing banks, their rates are competitive, their products easy to manage (especially Netbank) and their...

Full review

I have been a Commonwealth Bank customer for 34 years since I was 6 years old with my first ever bank account. There is a reason for not changing banks, their rates are competitive, their products easy to manage (especially Netbank) and their branch staff are always happy, helpful and positive.

    Price   7 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Darren, New South Wales, reviewed almost 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Car loan comparisons on Mozo - rates updated daily

  • OurMoneyMarket Car Loan (Fixed, Secured)

    OurMoneyMarket Car Loan (Fixed, Secured)

    • Fast Application
    • No Hidden Fees
    • Simple and Flexible

    Interest rate

    5.50% p.a.

    comparison rate*

    5.85% p.a.based on $30,000
    over 5 years

    Fees

    $250.00upfront
    and
    $0.00/month

    		 Go to site

    More info

    • Fast Application
    • No Hidden Fees
    • Simple and Flexible
    • Interest rate: 5.50% p.a.
    • Comparison rate*: 5.85% p.a.based on $30,000
      over 5 years
    • Upfront fees: $250
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: 0
    • Minimum loan amount: $2,000.00
    • Maximum loan amount: $75,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    • Security required: Vehicle
    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    loans.com.au New Car Loan (Up to 2 years old, Fixed, Secured)

    loans.com.au New Car Loan (Up to 2 years old, Fixed, Secured)

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available

    Interest rate

    4.89% p.a.

    comparison rate*

    5.44% p.a.based on $30,000
    over 5 years

    Fees

    $400.00upfront
    and
    $0.00/month

    		 Go to site

    More info

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available
    • Interest rate: 4.89% p.a.
    • Comparison rate*: 5.44% p.a.based on $30,000
      over 5 years
    • Upfront fees: $400
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $700.00
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 3 Years
    • Maximum loan term: 5 Years
    • Security required: Vehicle
    Need more information?
    Go to site

    More info

  • Beyond Bank Low Rate Car Loan Special Offer (Fixed, Secured)

    Beyond Bank Low Rate Car Loan Special Offer (Fixed, Secured)

    • Borrow up to 100%
    • Free redraw
    • No monthly fees

    Interest rate

    5.49% p.a.

    comparison rate*

    5.73% p.a.based on $30,000
    over 5 years

    Fees

    $175.00upfront
    and
    $0.00/month

    		 Go to site

    More info

    • Borrow up to 100%
    • Free redraw
    • No monthly fees
    • Interest rate: 5.49% p.a.
    • Comparison rate*: 5.73% p.a.based on $30,000
      over 5 years
    • Upfront fees: $175
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $25,000.00
    • Maximum loan amount:
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    • Security required: Vehicle
    Overall rating

    8.4

    Based on 30 Beyond Bank car loan reviews

    Need more information?
    Go to site

    More info

  • CUA Secured Car Loan (Fixed)

    CUA Secured Car Loan (Fixed)

    • $0 establishment fee for a limited time. Conditions apply. $90 Security Admin fee applies
    • No penalties for early payout or extra repayments. Free redraw.
    • No monthly fees

    Interest rate

    6.79% p.a.

    comparison rate*

    7.16% p.a.based on $30,000
    over 5 years

    Fees

    $265.00upfront
    and
    $0.00/month

    		 Go to site

    More info

    • $0 establishment fee for a limited time. Conditions apply. $90 Security Admin fee applies
    • No penalties for early payout or extra repayments. Free redraw.
    • No monthly fees
    • Interest rate: 6.79% p.a.
    • Comparison rate*: 7.16% p.a.based on $30,000
      over 5 years
    • Upfront fees: $265
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    • Security required: Vehicle
    Overall rating

    8.8

    Based on 42 CUA car loan reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    loans.com.au Clean Green Car Loan (New, Fixed, Secured)

    loans.com.au Clean Green Car Loan (New, Fixed, Secured)

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available

    Interest rate

    4.19% p.a.

    comparison rate*

    4.73% p.a.based on $30,000
    over 5 years

    Fees

    $400.00upfront
    and
    $0.00/month

    		 Go to site

    More info

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available
    • Interest rate: 4.19% p.a.
    • Comparison rate*: 4.73% p.a.based on $30,000
      over 5 years
    • Upfront fees: $400
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $700.00
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 3 Years
    • Maximum loan term: 5 Years
    • Security required: Vehicle
    Need more information?
    Go to site

    More info

*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.

Want more? Compare all 196 car loans in the Mozo comparison engine.

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*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.

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