Commonwealth Bank fixed-rate personal loan 8.50% p.a., $0 establishment fee, quick approval and funds up to $50k
Commonwealth Bank fixed-rate personal loan 8.50% p.a., $0 establishment fee, fast online approval and same business day funding for unsecured loans up to $50,000
Stable repayments with a clear rate
The Commonwealth Bank fixed rate personal loan gives you a predictable 8.50% p.a. interest rate so your repayments stay the same for the term you choose. This fixed-rate personal loan is ideal for Aussies who want certainty in budgeting and dislike surprises when interest rates move.
With a comparison rate around 9.53% p.a., the Commonwealth Bank personal loan lays out real costs up front. Fixed repayments help you plan for fortnightly or monthly bills and keep household finances steady.
Loan limits, fees and flexibility
You can borrow from $4,000 up to $50,000, and terms run from 1 to 7 years to suit short or medium needs. There’s a $0 establishment fee if the loan is funded by the promotional cutoff, though a $15 monthly account fee applies, so factor that into your budget.
The loan is unsecured, so you don’t need to put up your house or car as security. Extra repayments are allowed but limited to $1,000 per year, which is handy for occasional lump sums while keeping the fixed structure intact.
Fast online application and same business day funding
Applying for a Commonwealth Bank fixed rate personal loan is straightforward online; prepare ID, recent payslips and bank statements and you’ll often get a quick credit decision. For many applicants, funds for unsecured loans are available the same business day, which is great when time is tight.
The bank’s mobile and internet banking tools make it simple to manage repayments, set up direct debits and track your loan balance. Fast approval and same-day funding mean you can get on with buying a car, booking a holiday or consolidating debt without long waits.
Who benefits and what to watch for
This Commonwealth Bank personal loan suits people wanting a low fixed rate and predictable repayments: renovators, car buyers, or those consolidating higher-rate debts. The fixed rate personal loan is attractive for anyone prioritising certainty over potential market-rate dips.
Be mindful of the comparison rate and monthly fee when comparing products, and check the $1,000 annual extra repayment cap if you plan to pay off the loan faster. Always read the loan terms and confirm any promo deadline for the $0 establishment fee before committing.
