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CommBank personal loans are trending in 2025 as Australians look for flexible borrowing, cashbacks, and green discounts in a changing rate environment. With new offers, digital tools, and a focus on energy efficiency, CommBank remains a top choice for personal finance—whether for cars, home upgrades, debt consolidation, or big life events. This is your all-in-one, up-to-date guide: rates, features, eligibility, application, repayment tools, offers, FAQs, and why CommBank personal loans are making headlines.
CommBank Personal Loans: Official Site & Apply Online
📰 2025 News: Rate Cuts, Cashback, Green Discounts & Latest Offers
📉 May 2025 Rate Cut: Following the RBA’s 0.25% cash rate reduction, CommBank cut variable loan rates by 0.25% p.a. from 30 May 2025, easing pressure for borrowers. Customers can change their repayment amount and frequency via the CommBank app or NetBank, and estimate new repayments with the online calculator.
💸 EOFY Car Cashback: Until 30 June 2025, CommBank Yello customers get $500 cashback when buying a car through the Buy & Own a Car platform and financing with a Secured Personal Loan.
🌱 Green/Energy-Efficient Loan Discounts: Eligible home loan customers can access a 3.99% p.a. rate (comparison rate 3.99% p.a.) and pay $0 in establishment, monthly, or early repayment fees for approved energy-efficient purchases. CommBank partners with Brighte and the CEFC for home energy upgrades.
⚡ EV Access Program: Special 5.49% p.a. (comparison 6.92% p.a.) on Secured Personal Loans for eligible electric vehicle purchases.
💡 Digital Money Tools: The CommBank app offers spend tracking, category budgets, and repayment calculators to help customers manage loans and finances.
See Green & Energy-Efficient Loan Offers
💸 EOFY Car Cashback: Until 30 June 2025, CommBank Yello customers get $500 cashback when buying a car through the Buy & Own a Car platform and financing with a Secured Personal Loan.
🌱 Green/Energy-Efficient Loan Discounts: Eligible home loan customers can access a 3.99% p.a. rate (comparison rate 3.99% p.a.) and pay $0 in establishment, monthly, or early repayment fees for approved energy-efficient purchases. CommBank partners with Brighte and the CEFC for home energy upgrades.
⚡ EV Access Program: Special 5.49% p.a. (comparison 6.92% p.a.) on Secured Personal Loans for eligible electric vehicle purchases.
💡 Digital Money Tools: The CommBank app offers spend tracking, category budgets, and repayment calculators to help customers manage loans and finances.
📊 CommBank Personal Loan Products: Types, Rates & Features
🔒 Secured Personal Loan: Backed by an asset (usually a car). Lower rates, higher borrowing limits, and special offers like cashback or EV discounts.
🔓 Unsecured Fixed Rate Loan: Fixed repayments for 1–7 years. Predictable payments, but early repayment fees may apply.
🔄 Unsecured Variable Rate Loan: Flexible repayments, unlimited extra repayments, redraw facility, and the ability to benefit from future rate cuts.
💳 Personal Overdraft: Access $100–$20,000 as needed, pay interest only on what you use, and repay at your pace.
💰 Loan Amounts: Borrow $4,000–$50,000 (personal loan) or $100–$20,000 (overdraft).
⏳ Loan Terms: 1–7 years. Choose weekly, fortnightly, or monthly repayments.
💸 Fees: $250 establishment, $15/month service, $20 late payment. Green loans and special offers may waive these fees.
💡 Redraw Facility: Available on variable loans for extra repayments; not on fixed rate loans.
📈 Interest Rates (May 2025):
Compare CommBank Personal Loan Rates & Features
🔓 Unsecured Fixed Rate Loan: Fixed repayments for 1–7 years. Predictable payments, but early repayment fees may apply.
🔄 Unsecured Variable Rate Loan: Flexible repayments, unlimited extra repayments, redraw facility, and the ability to benefit from future rate cuts.
💳 Personal Overdraft: Access $100–$20,000 as needed, pay interest only on what you use, and repay at your pace.
💰 Loan Amounts: Borrow $4,000–$50,000 (personal loan) or $100–$20,000 (overdraft).
⏳ Loan Terms: 1–7 years. Choose weekly, fortnightly, or monthly repayments.
💸 Fees: $250 establishment, $15/month service, $20 late payment. Green loans and special offers may waive these fees.
💡 Redraw Facility: Available on variable loans for extra repayments; not on fixed rate loans.
📈 Interest Rates (May 2025):
- Unsecured Fixed: 7.00%–8.49% p.a. (with green discount); standard 7.75%–19.75% p.a.
- Unsecured Variable: 8.41%–9.88% p.a. (with green discount); standard 9.20%–20.20% p.a.
- Secured: 5.49% p.a. (EV offer); standard 6.99%–12.99% p.a.
📝 Eligibility, Application, Approval Tips & Required Documents
✅ Eligibility:
What You Need to Apply for a CommBank Personal Loan
- 18+ years old
- Australian/NZ citizen, permanent resident, or eligible visa holder (see site for ineligible visa types)
- Living in Australia
- Employed or regular income, meets minimum income standards
- Good credit rating, not bankrupt
- Apply online 24/7 or at a branch
- Have ID (driver’s licence, passport), proof of income (recent payslips or bank statements), and details of debts/expenses ready
- For secured loans, provide asset details (car, etc.)
- Non-CommBank customers may need extra ID and proof of income
- Check your credit score with the CommBank app before applying
- Meet all eligibility criteria
- Apply for an amount you can afford based on income and expenses
- Maintain a good account and credit history
- Limit multiple loan/credit applications
- Use the borrowing calculator to check your likely approval amount
📱 Repayment, Redraw, Support Tools & Digital Features
📱 Flexible Repayments: Choose weekly, fortnightly, or monthly. Change frequency or amount via the app or NetBank.
🔄 Redraw Facility: Variable rate loans allow redraw of extra repayments anytime, no fees. Fixed rate loans allow up to $1,000/year extra repayments, but no redraw.
💡 Repayment Calculators: Use CommBank’s online calculators to estimate repayments, see the impact of extra payments, and compare loan options.
🔔 Direct Debit & Salary Credit: Set up direct debit or salary credit for automatic payments. Manage via app, NetBank, phone, or in branch.
🛡️ Support & Hardship: Message support 24/7 in the app, request financial assistance, or access budgeting tools and financial guidance if you’re struggling.
📈 Money Tools: Spend Tracker, category budgets, and notifications help you manage your loan and overall finances.
CommBank Personal Loan Guide & FAQs
🔄 Redraw Facility: Variable rate loans allow redraw of extra repayments anytime, no fees. Fixed rate loans allow up to $1,000/year extra repayments, but no redraw.
💡 Repayment Calculators: Use CommBank’s online calculators to estimate repayments, see the impact of extra payments, and compare loan options.
🔔 Direct Debit & Salary Credit: Set up direct debit or salary credit for automatic payments. Manage via app, NetBank, phone, or in branch.
🛡️ Support & Hardship: Message support 24/7 in the app, request financial assistance, or access budgeting tools and financial guidance if you’re struggling.
📈 Money Tools: Spend Tracker, category budgets, and notifications help you manage your loan and overall finances.
❓ CommBank Personal Loan FAQ & Trending Keywords (2025)
Q: What types of CommBank personal loans are available?
A: Secured, unsecured fixed, unsecured variable, and personal overdraft.
Q: What’s the minimum and maximum loan amount?
A: $4,000–$50,000 for personal loans; $100–$20,000 for overdraft.
Q: How long can I take to repay?
A: 1–7 years for personal loans.
Q: What documents do I need?
A: ID, proof of income, asset details (if secured), and details of debts/expenses.
Q: Can I make extra repayments?
A: Yes—unlimited on variable loans, up to $1,000/year on fixed loans.
Q: Can I redraw extra repayments?
A: Only on variable rate loans.
Q: What are the current rates?
A: Fixed: 7.00%–8.49% p.a. (with green discount), up to 19.75% p.a. Variable: 8.41%–9.88% p.a. (with green discount), up to 20.20% p.a. Secured: 5.49% p.a. (EV offer), up to 12.99% p.a.
A: Secured, unsecured fixed, unsecured variable, and personal overdraft.
Q: What’s the minimum and maximum loan amount?
A: $4,000–$50,000 for personal loans; $100–$20,000 for overdraft.
Q: How long can I take to repay?
A: 1–7 years for personal loans.
Q: What documents do I need?
A: ID, proof of income, asset details (if secured), and details of debts/expenses.
Q: Can I make extra repayments?
A: Yes—unlimited on variable loans, up to $1,000/year on fixed loans.
Q: Can I redraw extra repayments?
A: Only on variable rate loans.
Q: What are the current rates?
A: Fixed: 7.00%–8.49% p.a. (with green discount), up to 19.75% p.a. Variable: 8.41%–9.88% p.a. (with green discount), up to 20.20% p.a. Secured: 5.49% p.a. (EV offer), up to 12.99% p.a.
🔗 Official Resources & Useful Links
CommBank Personal Loans: Apply Now
Green & Energy-Efficient Loan Discounts
What You Need to Apply
Personal Loan Guide & FAQs
Compare CommBank Personal Loans
CommBank App Messaging & Support
©️ 2025 | CommBank Personal Loan: Complete Guide for US Readers