---
title: "Unsecured Variable Rate Personal Loan — CommBank"
description: "Personal Loans from CommBank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/commbank/products/3d41b9c0127a4905ad75cad2d79c3554
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-13T20:14:48.000Z
---

# Unsecured Variable Rate Personal Loan — CommBank

> Personal Loans from CommBank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Personal Loans**

Get a competitive rate and have the flexibility to make additional repayments without a fee with a CommBank Variable Rate Personal Loan.

## At a glance

- **From:** 7.75% (8.79% comparison)

## Apply

Applications are handled by the provider: [Apply at CommBank](https://www.commbank.com.au/personal-loans/variable-rate-loan.html)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Discount (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: 8.78% p.a. to 10.26% 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.) | 7.74% | 8.78% | — |
| Variable (The reference rate is the Standard Variable Rate which is currently 16.75% 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): 8.79% 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.) | 7.75% | 8.79% | — |
| Discount (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: 8.78% p.a. to 10.26% 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.) | 9.24% | 10.26% | — |
| Variable (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 16.75% 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): 17.68% 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.) | 16.75% | 17.68% | — |
| Variable (The reference rate is the Standard Variable Rate which is currently 16.75% 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): 23.62% 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.) | 22.75% | 23.62% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Establishment Fee — Upfront cost payable when accepting a loan. | Upfront | $0.00 |
| Late payment fee — Applies for 1 month · 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. | Late payment | $20.00 |
| Loan service fee — Charged monthly · Monthly charge to cover costs of keeping account active. | Ongoing | $15.00 |
| Settlement cheque fee — 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. | Other | $15.00 |

## 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.**
- **Digital banking** (Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.)
- **Extra repayments** (You can make additional repayments or repay your loan in full at any time. Additional repayments may enable you to redraw funds, subject to conditions.)
- **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.**
- **Redraw facility** (If you have made additional repayments, you may be able to access these funds through your redraw facility. You can check your available redraw balance online or by contacting us.)
- **Security is not required for this loan type.**

## Eligibility

- **Minimum age** — 18 years
- **Individuals only** (Individuals must have the legal capacity to enter into the loan contract. Not available for non-personal borrowers.)
- **Individuals must be eligible to work in Australia**
- **Individuals must be employed or receive regular income**
- **Individuals must have a good credit rating**
- **Individuals must not be going through the process of bankruptcy**
- **Meet CBA's credit assessment criteria which includes demonstrating the capacity to make the required repayments on the credit facility without substantial hardship.**
- **The 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.

## Constraints

- **Maximum balance** — $50,000.00
- **Minimum balance** — $4,000.00

## More information from CommBank

- [Overview](https://www.commbank.com.au/personal-loans/variable-rate-loan.html)
- [Terms & conditions](https://www.commbank.com.au/content/dam/commbank/personal/apply-online/download-printed-forms/ADB2911.pdf)
- [Eligibility](https://www.commbank.com.au/important-info/target-market-determinations.html)
- [Fees & pricing](https://www.commbank.com.au/personal-loans/variable-rate-loan/rates-and-fees.html)

## Data provenance

- Published by CommBank under the Consumer Data Right
- Product ID: `3d41b9c0127a4905ad75cad2d79c3554`
- Last updated by the provider: 13 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/commbank/3d41b9c0127a4905ad75cad2d79c3554
- Provider page: https://www.cdrcompare.au/brands/commbank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000008

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/commbank/products/3d41b9c0127a4905ad75cad2d79c3554) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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