Commonwealth Bank Personal Loan
Australia's largest bank offering fixed and variable rate personal loans with flexible terms.
Last checked on June 11, 2026. We may earn a commission when you click through.
The Commonwealth Bank Personal Loan offers competitive rates and flexible terms, making it a solid choice for eligible borrowers.
Commonwealth Bank Personal Loan
Updated 1 month agoAPR Range
7.25–22.25%
Amount
A$4k–A$50k
Term
12–84 months
Type
personal
You'll be redirected to commbank.com.au
Our Verdict
The Commonwealth Bank Personal Loan offers competitive rates and flexible terms, making it a solid choice for eligible borrowers.
Best For
This loan is best for those with a strong credit history looking for a reliable lender with established customer service.
Watch Out
Potential borrowers should be aware that the eligibility criteria may limit options for those with lower credit scores.
Full Review
The Commonwealth Bank Personal Loan stands out as one of Australia's leading personal financing options, thanks to its extensive range of fixed and variable rate loans. With flexible terms available, borrowers can select a repayment schedule that works best for their financial situation. However, this loan is primarily aimed at individuals with high credit ratings, which may exclude those with less favourable credit histories.
Compared to other banks and credit unions, the Commonwealth Bank offers a robust online platform for managing loans, but their fees and interest rates may not always be the most competitive. It’s important to consider alternative lenders that might be more accommodating for those with varying credit profiles. Overall, for those who qualify, the Commonwealth Bank provides a reputable option with the backing of Australia's largest bank, but it’s essential to shop around to ensure the best deal for your personal financial needs.
Requirements
- Australian citizen or permanent resident
- Regular income
- Good credit history for lowest rates
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Australian citizen or permanent resident
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