I'm on the second loan. The first one was easy and online and quick and easy. Now the second loan was just over twice as much as the first (it was fully paid off for 2 years) and it was easier over the phone and quicker as I read something wrong online so it was really helpful and surprisingly quick. Plus I'm glad there's more variety then other banks that I've seen.
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!
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Personal loan comparisons on Mozo - rates updated daily
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
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $36,090.18 including fees.
*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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