CommBank

Secured Fixed Rate Car 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.

Unlock the value of your car for a typically reduced interest rate.

As published by the lender

Security - Secured
Vehicles - New or used vehicles
Headline rates - from 5.79% to 11.29%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
DISCOUNT	5.79%	7.21%	OTHER	PRINCIPAL AND INTEREST	-	-	calculated daily, paid monthly
To qualify for the energy-efficient discount, you must be an essential worker, or earn less than $100,000 per year, and use your personal loan to buy an Electric or plug-in hybrid car valued at less than $55,000, emitting less than 75g CO2 emissions per kilometer. Comparison rate: 7.21% p.a. based on a secured 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	6.49%	7.90%	OTHER	PRINCIPAL AND INTEREST	-	-	calculated daily, paid monthly
To qualify for the energy-efficient discount, you must use your personal loan to buy an Electric or plug-in hybrid car emitting less than 75g CO2 emissions per kilometers. Comparison rate: 7.90% p.a. to 9.88% p.a. based on a secured 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	8.49%	9.88%	OTHER	PRINCIPAL AND INTEREST	-	-	calculated daily, paid monthly
To qualify for the energy-efficient discount, you must use your personal loan to buy an Electric or plug-in hybrid car emitting less than 75g CO2 emissions per kilometers. Comparison rate: 7.90% p.a. to 9.88% p.a. based on a secured 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.
FIXED	6.79%	8.20%	OTHER	PRINCIPAL AND INTEREST	48 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 4 year loan term. Your interest rate will be 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): 8.20% p.a. based on a $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.
FIXED	6.79%	8.20%	OTHER	PRINCIPAL AND INTEREST	60 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 5 year loan term. Your interest rate will be 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): 8.20% p.a. based on a $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.
FIXED	6.79%	8.20%	OTHER	PRINCIPAL AND INTEREST	72 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 6 year loan term. Your interest rate will be 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): 8.20% p.a. based on a $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.
FIXED	6.79%	8.20%	OTHER	PRINCIPAL AND INTEREST	84 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 7 year loan term. Your interest rate will be 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): 8.20% p.a. based on a $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.
FIXED	6.79%	11.78%	OTHER	PRINCIPAL AND INTEREST	12 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 1 year loan term. Your interest rate will be 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): 11.78% p.a. based on a $10,000 loan over 3 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.
FIXED	6.79%	11.78%	OTHER	PRINCIPAL AND INTEREST	24 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 2 year loan term. Your interest rate will be 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): 11.78% p.a. based on a $10,000 loan over 3 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.
FIXED	6.79%	11.78%	OTHER	PRINCIPAL AND INTEREST	36 months	-	calculated daily, paid monthly
Minimum rate 6.79%, 3 year loan term. Your interest rate will be 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): 11.78% p.a. based on a $10,000 loan over 3 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.
FIXED	8.79%	10.18%	OTHER	PRINCIPAL AND INTEREST	48 months	-	calculated daily, paid monthly
Representative rate 8.79%, 4 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 10.18% p.a. based on a $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.
FIXED	8.79%	10.18%	OTHER	PRINCIPAL AND INTEREST	60 months	-	calculated daily, paid monthly
Representative rate 8.79%, 5 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 10.18% p.a. based on a $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.
FIXED	8.79%	10.18%	OTHER	PRINCIPAL AND INTEREST	72 months	-	calculated daily, paid monthly
Representative rate 8.79%, 6 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 10.18% p.a. based on a $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.
FIXED	8.79%	10.18%	OTHER	PRINCIPAL AND INTEREST	84 months	-	calculated daily, paid monthly
Representative rate 8.79%, 7 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 10.18% p.a. based on a $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.
FIXED	8.79%	13.74%	OTHER	PRINCIPAL AND INTEREST	12 months	-	calculated daily, paid monthly
Representative rate 8.79%, 1 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 13.74% p.a. based on a $10,000 loan over 3 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.
FIXED	8.79%	13.74%	OTHER	PRINCIPAL AND INTEREST	24 months	-	calculated daily, paid monthly
Representative rate 8.79%, 2 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 13.74% p.a. based on a $10,000 loan over 3 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.
FIXED	8.79%	13.74%	OTHER	PRINCIPAL AND INTEREST	36 months	-	calculated daily, paid monthly
Representative rate 8.79%, 3 year loan term. At least half of our customers will receive the representative rate, or lower. It may not be the actual rate you receive. 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 (representative rate): 13.74% p.a. based on a $10,000 loan over 3 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.
FIXED	11.29%	12.65%	OTHER	PRINCIPAL AND INTEREST	48 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 4 year loan term. 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 (maximum rate): 12.65% p.a. based on a $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.
FIXED	11.29%	12.65%	OTHER	PRINCIPAL AND INTEREST	60 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 5 year loan term. 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 (maximum rate): 12.65% p.a. based on a $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.
FIXED	11.29%	12.65%	OTHER	PRINCIPAL AND INTEREST	72 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 6 year loan term. 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 (maximum rate): 12.65% p.a. based on a $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.
FIXED	11.29%	12.65%	OTHER	PRINCIPAL AND INTEREST	84 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 7 year loan term. 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 (maximum rate): 12.65% p.a. based on a $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.
FIXED	11.29%	16.20%	OTHER	PRINCIPAL AND INTEREST	12 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 1 year loan term. 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 (maximum rate): 16.20% p.a. based on a $10,000 loan over 3 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.
FIXED	11.29%	16.20%	OTHER	PRINCIPAL AND INTEREST	24 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 2 year loan term. 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 (maximum rate): 16.20% p.a. based on a $10,000 loan over 3 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.
FIXED	11.29%	16.20%	OTHER	PRINCIPAL AND INTEREST	36 months	-	calculated daily, paid monthly
Maximum rate 11.29%, 3 year loan term. 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 (maximum rate): 16.20% p.a. based on a $10,000 loan over 3 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.

Fees

Fee	Type	Amount	Details
Early repayment adjustment	EXIT	$15	To cover reasonable administrative costs and estimated losses incurred by CBA as a result of you closing your fixed term loan early. This fee will not exceed the reasonable administrative costs and estimated losses arising from the early full repayment of your personal loan.
Establishment Fee	UPFRONT	$250	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.

Rate history

Rate Comparison rate

The figures behind this chart

From	Until	Rate	Comparison
2026-07-15	2026-09-30 (current)	5.79%	7.21%

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

digital bankingextra repaymentsbonus rewards

1 to 7 years.
Pay weekly, fortnightly or monthly via direct debit. If you pay by any other means, your repayments will be monthly.
Interest is fixed so you know what your repayments will be for the life of the loan
You can typically borrow at a lower rate than an unsecured loan by using the car that you're buying as security for a Secured Fixed Rate Car Loan

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.
otherA Secured Fixed Rate Car Loan can be used for buying a new or used car that is ten years old or below that doesn't have any finance owing on it. The amount can be for the full or partial purchase price depending on whether you've paid a deposit. You're unable to borrow for additional loan purposes (e.g. a car for $20,000 and furniture for $5,000 is not accepted) when buying a car.
otherIndividuals must be buying a car that is unencumbered (unless buying a car privately via the VEME platform), is ten years old or below at the time the car details are provided in the application form, will be registered to the customer, is not written off and will have comprehensive insurance cover.
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 have comprehensive insurance on the vehicle they are using as security
otherIndividuals must not be going through the process of bankrupcy
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.
otherThe vehicle being used as security must not have any finance owing on it
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 - 120000.00
min balance - 4000.00
max lvr - 1.20Borrow up to 120% of the car's value

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: 2026-09-30T23:33:59.000Z · Product ID: 4bf3ecbdf7b447ef97c815751377715d