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Commonwealth Bank personal loan reviews

Commonwealth Bank
Commonwealth Bank's overall rating for personal loans

(as rated by the Mozo community)

6.8 / 10

based on 2046 reviews

Price

Features

Customer service

Convenience

Trust

Featured personal loan from Commonwealth Bank

Recent Commonwealth Bank personal loan reviews

Commonwealth Bank

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

Overall rating   9 / 10

Great

Good. Would recommend to others.

Full review

Good. Would recommend to others.

    Price   10 / 10

    Customer service   6 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Beris, Queensland, reviewed 7 months ago

Commonwealth Bank

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

Overall rating   5 / 10

Bad

No comment they are crooks.

Full review

No comment they are crooks.

    Price   8 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Joseph, Victoria, reviewed 8 months ago

Commonwealth Bank

Commonwealth Bank Personal Loan review

Overall rating   5 / 10

More professional

Could be a bit more helpful.

Full review

Could be a bit more helpful.

    Price   5 / 10

    Features   0 / 10

    Customer service   5 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Barbara, South Australia, reviewed 8 months ago

Commonwealth Bank

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

Overall rating   1 / 10

Disappointed with their service

I have been with my bank since I was in little school. Now I am 34 and when I asked for debt consolidation I thought they would help me but instead they got me a financial planner who did not have much to say at all. In the end it was just a...

Full review

I have been with my bank since I was in little school. Now I am 34 and when I asked for debt consolidation I thought they would help me but instead they got me a financial planner who did not have much to say at all. In the end it was just a massive waste of time.

    Price   1 / 10

    Features   2 / 10

    Customer service   3 / 10

    Convenience   2 / 10

    Trust   3 / 10

Less

Natasha, Victoria, reviewed 9 months ago

Commonwealth Bank

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

Overall rating   10 / 10

Best bank I've been with

Great banking.

Full review

Great banking.

    Price   7 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Derryn, Western Australia, reviewed 9 months ago

Commonwealth Bank

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

Overall rating   10 / 10

Amazing

Helped me purchase a car.

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 10 months ago

Commonwealth Bank

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

Overall rating   10 / 10

Great

Because it's great dealing with commonwealth

Full review

Because it's great dealing with commonwealth

    Price   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Shandelle, Queensland, reviewed 10 months ago

Commonwealth Bank

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

Overall rating   9 / 10

Competitive, great customer service

The only bank that would give a person on Carer Payment a chance.

Full review

The only bank that would give a person on Carer Payment a chance.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Annette, Queensland, reviewed 10 months ago

Commonwealth Bank

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

Overall rating   6 / 10

Pretty good

I need a loan for my family and college and CBA has been helpful.

Full review

I need a loan for my family and college and CBA has been helpful.

    Price   9 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   7 / 10

Less

Rl, New South Wales, reviewed 10 months ago

Commonwealth Bank

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

Overall rating   10 / 10

Fantastic and trustworthy

Reliable, fast, quick and secure.

Full review

Reliable, fast, quick and secure.

    Price   3 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Georgia, Queensland, reviewed 10 months ago

Commonwealth Bank

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

Overall rating   6 / 10

Nice

The rates are fairly priced but could be better.

Full review

The rates are fairly priced but could be better.

    Price   6 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Rlratikah, New South Wales, reviewed 10 months ago

Commonwealth Bank

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

Overall rating   3 / 10

Need better assistance

I am not happy with the loan department. Been with the same bank for a lot of years and they have not been very helpful.

Full review

I am not happy with the loan department. Been with the same bank for a lot of years and they have not been very helpful.

    Price   6 / 10

    Features   3 / 10

    Customer service   6 / 10

    Convenience   5 / 10

    Trust   8 / 10

Less

Allan, New South Wales, reviewed 10 months ago

Commonwealth Bank

Commonwealth Bank Personal Loan review

Overall rating   1 / 10

Bad

Would not recommend Commonwealth Bank to anyone.

Full review

Would not recommend Commonwealth Bank to anyone.

    Price   3 / 10

    Features   1 / 10

    Customer service   1 / 10

    Convenience   3 / 10

    Trust   1 / 10

Less

Joseph, Victoria, reviewed 10 months ago

Commonwealth Bank

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

Overall rating   2 / 10

Was not happy

I applied for a loan and had a machine ask me questions. A real person then started talking to me and started typing out questions for me to answer which I did not enjoy at all. They said it would take around 20 minutes but i ended up being on the...

Full review

I applied for a loan and had a machine ask me questions. A real person then started talking to me and started typing out questions for me to answer which I did not enjoy at all. They said it would take around 20 minutes but i ended up being on the line for over an hour so I just hung up.

    Price   2 / 10

    Features   2 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   2 / 10

Less

Ana, New South Wales, reviewed 11 months ago

Commonwealth Bank

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

Overall rating   0 / 10

Bad

They scam you into signing up then they charge you with all hidden rates.

Full review

They scam you into signing up then they charge you with all hidden rates.

    Price   3 / 10

    Features   1 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

John, New South Wales, reviewed 11 months ago

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Personal loan comparisons on Mozo - rates updated daily

  • People's Choice Credit Union Discounted Personal Loan (over 10k, Fixed, Secured)

    People's Choice Credit Union Discounted Personal Loan (over 10k, Fixed, Secured)

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options

    interest rate

    7.99% p.a.

    comparison rate*

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

    fees

    $250.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 10 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $36,738.90 including fees.

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options
    • Other benefits: $0 monthly fee on Peoples Choice Credit Union Zip bank account.
    • Upfront fee: $250
    • Monthly fee: $0.00
    • Exit fee:
    • Late payment fee: $25.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $10,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 10 Years
    Overall rating

    7.7

    Based on 92 People's Choice Credit Union personal loan reviews

    Need more information?
    Go to site

    More info

  • OurMoneyMarket Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured)

    OurMoneyMarket Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured)

    interest rate

    8.00% p.a.

    comparison rate*

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

    fees

    $150.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.00% would cost $36,647.51 including fees.

    • Other benefits:
    • Upfront fee: $150
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Late payment fee: $35.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Unsecured
    • Minimum loan amount: $2,001.00
    • Maximum loan amount: $50,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2018

    Harmoney Unsecured Personal Loan (Fixed)

    Harmoney Unsecured Personal Loan (Fixed)

    • Up to $70,000, unsecured. Fast, easy & 100% online
    • No hidden fees or early repayment penalties with Australasia's leading marketplace lending website
    • You're unique, so is your interest rate

    interest rate

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

    comparison rate*

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

    fees

    $500.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,133.67 including fees.

    • Up to $70,000, unsecured. Fast, easy & 100% online
    • No hidden fees or early repayment penalties with Australasia's leading marketplace lending website
    • You're unique, so is your interest rate
    • Other benefits:
    • Upfront fee: $500
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Late payment fee: $15.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Unsecured
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $70,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 5 Years
    Need more information?
    Go to site

    More info

  • Heritage Bank Low Rate Secured Personal Loan (Variable)

    Heritage Bank Low Rate Secured Personal Loan (Variable)

    • Low rate of interest on your loan while still earning interest on your term deposit
    • Borrow from $5,000 up to $100,000
    • Ability to redraw additional repayment

    interest rate

    4.94% p.a.

    comparison rate*

    7.41% p.a.based on $10,000
    over 3 years

    fees

    $200.00upfront
    and
    $5.00/month

    Go to site

    More info

    Terms from 1 to 10 years. Representative example: a 3 year $10,000 loan at 4.94% would cost $11,159.83 including fees.

    • Low rate of interest on your loan while still earning interest on your term deposit
    • Borrow from $5,000 up to $100,000
    • Ability to redraw additional repayment
    • Other benefits:
    • Upfront fee: $200
    • Monthly fee: $5.00
    • Exit fee: $0.00
    • Late payment fee: $20.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Yes
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 10 Years
    Overall rating

    8.4

    Based on 40 Heritage Bank personal loan reviews

    Need more information?
    Go to site

    More info

  • People's Choice Credit Union Low Rate Unsecured Personal Loan (Fixed)

    People's Choice Credit Union Low Rate Unsecured Personal Loan (Fixed)

    • Easy online application
    • Flexible repayment frequency - pay weekly, fortnightly or monthly
    • An unsecured flexible loan with no ongoing fees, which is available for almost any purpose

    interest rate

    9.99% p.a.

    comparison rate*

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

    fees

    $250.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 7 years. Representative example: a 3 year $10,000 loan at 9.99% would cost $11,864.50 including fees.

    • Easy online application
    • Flexible repayment frequency - pay weekly, fortnightly or monthly
    • An unsecured flexible loan with no ongoing fees, which is available for almost any purpose
    • Other benefits: $0 monthly fee on Peoples Choice Credit Union Zip bank account.
    • Upfront fee: $250
    • Monthly fee: $0.00
    • Exit fee:
    • Late payment fee: $25.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Unsecured
    • Minimum loan amount: $2,000.00
    • Maximum loan amount: $40,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    7.7

    Based on 92 People's Choice Credit Union personal loan reviews

    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 210 personal 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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