Lock in a CommBank fixed-rate personal loan at 8.50% p.a., $0 establishment fee and fast approval up to $50,000
Keep your repayments steady with CommBank’s 8.50% p.a. fixed-rate personal loan, fast online approval, up to $50,000 and $0 establishment fee
Why choose the CommBank fixed-rate personal loan
The CommBank fixed-rate personal loan at 8.50% p.a. is one of the most straightforward options for Australians who want certainty in their repayments. With a capped rate, borrowers know exactly what to pay each month or fortnight, making household budgeting much easier across the loan term.
This Commonwealth Bank fixed rate personal loan offers borrowing from $4,000 up to $50,000 and a $0 establishment fee when funded by the specified date. Whether you’re after a new car, a holiday or consolidating debt, the fixed-rate personal loan delivers predictability and peace of mind.
Features, eligibility and quick online approval
The CommBank fixed-rate personal loan is unsecured, so you won’t need to put up your home or car as collateral. Eligible applicants are typically over 18, with proof of income, ID and satisfactory credit — the usual Aussie banking checks apply. The application is designed to be completed in NetBank or via the CommBank app.
Fast approval is a standout: many applicants receive a decision quickly and funds can land in your nominated account within one business day. The combination of online convenience and CommBank’s customer support makes applying simple for busy Australians.
Repayments, fees and comparison rate explained
Repayment frequency can be weekly, fortnightly or monthly, so you can sync repayments with your pay cycle. The loan’s fixed interest of 8.50% p.a. provides stability; the published comparison rate of 9.53% p.a. includes most fees and helps you compare real cost across lenders.
There is a $15 monthly fee and a limit on extra repayments of $1,000 per year, so plan accordingly if you intend to make additional contributions. Early payout may be possible but could attract fees depending on your contract — always check the Product Disclosure Statement before signing.
Why many Australians pick this option and next steps
For people who value a steady budget without rate surprises, the Commonwealth Bank fixed rate personal loan is a strong contender. The combination of a competitive 8.50% p.a., $0 establishment fee (when conditions met) and up to $50,000 borrowing makes it flexible for common needs like renovations, car purchases or consolidating higher-rate debt.
Before you apply, compare offers from other lenders and use CommBank’s online calculators to estimate repayments. If it stacks up, start your application via NetBank or the CommBank app, submit payslips and ID, and you could have approval fast. Locking in the CommBank fixed-rate personal loan today can secure predictable repayments and make managing your finances easier.