CommBank Personal Loan 2025: Interest Rates, Fees & Eligibility Explained
- Admin
- Jun 18
- 4 min read
Looking to borrow money for a major purchase, debt consolidation, or emergency expense? A personal loan CommBank option might be exactly what you need. As one of Australia’s largest and most trusted financial institutions, the Commonwealth Bank of Australia offers a variety of personal loan products tailored to meet different financial needs.
In this guide, we’ll explore everything you need to know about getting a personal loan in Commonwealth Bank in 2025 — from interest rates and fees to eligibility, application steps, and contact options.
What Is a Personal Loan CommBank?
A personal loan CommBank refers to an unsecured or secured loan offered by the Commonwealth Bank of Australia to help individuals cover personal expenses. These loans are flexible, with fixed or variable interest rates and repayment terms ranging from 1 to 7 years.
Whether you're planning a wedding, paying medical bills, renovating your home, or consolidating debt — CommBank personal loans provide accessible options with transparent fees and repayment plans.
Types of CommBank Personal Loans in 2025
1. Fixed Rate Personal Loan CommBank
Interest Rate: Starts from around 7.50% p.a.
Repayments: Fixed weekly, fortnightly, or monthly
Best for: People who want predictable repayments
2. Variable Rate Personal Loan
Interest Rate: From 7.25% p.a. (variable)
Repayments: Flexible, with early payout options
Best for: Borrowers who prefer flexibility and plan to repay early
3. Secured Personal Loan
Requires collateral (like a car)
Typically offers a lower personal loan rate Commonwealth Bank compared to unsecured loans
CommBank Personal Loan Interest Rates (2025 Snapshot)
Loan Type | Interest Rate (p.a.) | Comparison Rate* |
Fixed | From 7.50% | From 8.00% |
Variable | From 7.25% | From 7.75% |
Secured | From 6.99% | From 7.49% |
*Comparison rates include fees and are based on a $30,000 loan over 5 years.
Tip: Use the CommBank Personal Loan Calculator to estimate your monthly repayments based on loan type and amount.
Fees to Know Before You Borrow
Before applying for a personal loan in Commonwealth Bank, it’s essential to understand the associated fees:
Establishment Fee: ~$150
Monthly Loan Service Fee: ~$10
Early Repayment Fee: $0 on variable loans (may apply on fixed)
Late Payment Fee: ~$20
Eligibility for a Personal Loan CommBank
To apply for a personal loan CommBank, you generally need to meet the following criteria:
Be at least 18 years old
Hold Australian citizenship or permanent residency
Provide proof of regular income and employment
Have a good credit history
Not be currently bankrupt or in a debt agreement
Even if you’re not a CommBank customer, you can still apply — though existing customers may enjoy faster approvals and pre-approval options.
How to Apply for a CommBank Personal Loan
Applying for a personal loan in Commonwealth Bank is straightforward:
Step-by-Step Application:
Login to NetBank or the CommBank app (or start online if you're new)
Choose loan type and amount
Upload identification and income documents
Review and submit your application
Receive instant or next-day approval (in most cases)
CommBank Personal Loans Contact Information
Need help or want to speak to someone directly?
Phone: Call 13 14 31 (available 24/7)
Visit: Your nearest Commonwealth Bank branch
Online Chat: Via NetBank or the CommBank app
You can also request a call back through the official CommBank website.
Pros & Cons of Personal Loan CommBank
Pros:
Transparent interest rates
Multiple loan options
Fast approval for CommBank customers
Mobile-friendly application process
Zero early payout fees (on variable loans)
Cons:
Not always the lowest rates on the market
Establishment and monthly fees apply
Early repayment charges on fixed-rate loans
Alternatives to Consider
Even though a personal loan CommBank is a great option, it's smart to compare with:
NAB personal loans
ANZ or Westpac personal finance options
Online-only lenders like Harmoney or Plenti
Credit union loans
Comparing rates and repayment terms could help you find a better deal, depending on your situation.
Tools You Can Use
CommBank Personal Loan Calculator – Estimate repayments
Credit score checker – Know your rating before applying
Loan comparison sites – Evaluate multiple lenders in one place
Final Thoughts: Is a CommBank Personal Loan Right for You?
A personal loan CommBank can be a smart, flexible financing solution in 2025 — especially for those who want transparent fees, reliable customer service, and mobile access. With multiple options and flexible repayment terms, it’s well-suited for both short- and long-term borrowing needs.
Compare Before You Commit — with Power Market
Before signing the dotted line, make sure you’re getting the best deal. Use Power Market to compare the personal loan rate Commonwealth Bank with other leading lenders and explore options that fit your goals and budget.
Visit Power Market now to start comparing personal loans and get personalised quotes in minutes!
Frequently Asked Questions ( FAQS )
What is the current personal loan rate Commonwealth Bank offers?
Fixed rates start from around 7.50% p.a., and variable from 7.25% p.a.
Can I apply for a personal loan CommBank if I’m not a customer?
Yes, you can — although existing customers may get faster pre-approval.
What’s the maximum I can borrow through CommBank personal loans?
Up to $100,000, depending on your income, credit score, and loan type.
What is the minimum loan amount?
The minimum is generally $4,000.
Can I use the loan to consolidate debt?
Yes, personal loans at Commonwealth Bank are commonly used for debt consolidation.
How do I contact CommBank for personal loan queries?
Call 13 14 31, use the app, or visit a branch.
Is there a penalty for paying off a fixed-rate loan early?
Yes, fixed loans may attract early repayment fees.
Can I check if I’m eligible before applying?
Yes, CommBank offers a pre-qualification tool in NetBank or its app.
Are CommBank personal loans secured or unsecured?
Both options are available — secured loans usually have lower interest rates.
Where can I compare CommBank personal loans with other lenders?
Visit Power Market to compare real-time rates and lenders, including CommBank.
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