CommBank
Unsecured Variable Rate Personal Loan
CommBank · pers loans
Provider last updated this product 2026-09-30.
Go to provider
You'll complete your application on
CommBank's website. Confirm the rate and fees with them
before applying.
Get a competitive rate and have the flexibility to make additional repayments without a fee with a CommBank Variable Rate Personal Loan.
As published by the lender
- Security - Unsecured
- Headline rates - from 6.98% to 21.99%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 6.99% | 8.04% | OTHER | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| The reference rate is the Standard Variable Rate which is currently 15.99% p.a. Your interest rate may be different and is based on a number of factors, including the information you provide and our assessment of your application. Interest rates at the lower end of our range may be offered to customers with an excellent credit history. We'll confirm your actual interest rate in your loan offer document. Comparison Rate (minimum rate): 8.04% p.a. based on an unsecured $30,000 loan over 5 years. 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. | |||||||
| VARIABLE | 21.99% | 22.87% | OTHER | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| The reference rate is the Standard Variable Rate which is currently 15.99% p.a. Your interest rate may be different and is based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your actual interest rate in your loan offer document. Comparison Rate (maximum rate): 22.87% p.a. based on an unsecured $30,000 loan over 5 years. 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. | |||||||
| VARIABLE | 15.99% | 16.93% | OTHER | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| At least half of our approved customers will receive the representative rate, or lower. It may not be the actual rate you receive. The reference rate is the Standard Variable Rate which is currently 15.99% p.a. Your interest rate may be different and is based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your actual interest rate in your loan offer document. Comparison Rate (representative rate): 16.93% p.a. based on an unsecured $30,000 loan over 5 years. 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. | |||||||
| DISCOUNT | 6.98% | 8.03% | OTHER | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| To qualify for the energy-efficient discount, you must use your personal loan to buy or install eligible products. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your actual interest rate in your loan offer document. Comparison rate: 8.03% p.a. to 9.51% p.a. based on an unsecured loan of $30,000, over a term of 5 years. Warning: Comparison rates are true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. | |||||||
| DISCOUNT | 8.48% | 9.51% | OTHER | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| To qualify for the energy-efficient discount, you must use your personal loan to buy or install eligible products. Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your actual interest rate in your loan offer document. Comparison rate: 8.03% p.a. to 9.51% p.a. based on an unsecured loan of $30,000, over a term of 5 years. Warning: Comparison rates are true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Establishment Fee | UPFRONT | $0 | Upfront cost payable when accepting a loan. |
| Late payment fee | LATE_PAYMENT | $20 | May be payable on the fifth business day after the repayment due date if at the end of the previous business day your loan is in arrears. |
| Loan service fee | PERIODIC | $15 | Monthly charge to cover costs of keeping account active. |
| Settlement cheque fee | OTHER | $15 | On funding if you require more than two cheques. Two free $15 for every additional cheque. Cheques provided to help you pay different recipients with your loan borrowings. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-07-20 | 7.24% | 8.64% |
| 2026-08-08 | 2026-08-16 | 7.74% | 9.14% |
| 2026-08-17 | 2026-09-17 | 7.74% | 8.78% |
| 2026-09-24 | 2026-09-30 (current) | 6.98% | 8.03% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 1 to 7 years.
- Pay weekly, fortnightly or monthly via direct debit. If you pay by any other means, your repayments will be monthly.
- Get a competitive rate and have the flexibility to make additional repayments at any time without a fee. If you have a variable interest rate, we can change your interest rate by changing the reference rate and your margin.
- You may be eligible for same day funding if you're approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of your financial situation. Unavailable if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn't provided and subject to system availability.
- Security is not required for this loan type.
Who can apply
- min age - 18
- natural personIndividuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.
- otherIndividuals must be eligible to work in Australia
- otherIndividuals must be employed or receive regular income
- otherIndividuals must have a good credit rating
- otherIndividuals must not be going through the process of bankruptcy
- otherMeet CBA's credit assessment criteria which includes demonstrating the capacity to make the required repayments on the credit facility without substantial hardship.
- otherThe maximum number of borrowers eligible to apply per application is one.
- residency status - Must live in Australia and be either: an Australian citizen, an Australian permanent resident (permanent visa sub class holder), a New Zealand citizen, or eligible non-resident visa holder.
Limits
- max balance - 50000.00
- min balance - 4000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-30T23:33:53.000Z · Product ID: 3d41b9c0127a4905ad75cad2d79c3554