Novated Lease
Motor vehicle finance for employees through salary sacrifice.
- From
- 8.29%
- Fixed
Interest Rates
Other — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Rate shown is indicative, current as at the time of publishing and is dependent on but not limited to the term of the finance, amount financed, suitability of the financed asset and credit assessment of the applicant. Fees, charges & Terms and Conditions apply. | 8.29% | — | Term |
Other — Any repayment type
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Discount | 1% | — | — |
Other — Other
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty Default Rate on any amount due and remaining unpaid. The Default Rate is a rate that is 3% per annum above the Interest Rate we use to calculate the payment under the Contract. |
Fees
| Fee | Type | Amount |
|---|---|---|
| Specialised Transaction Fee Fee charged per asset for buyback, private sale or refinancing from another financial institution. | Upfront | $125.00 |
| Early Termination Administration Fee Fee charged to process the termination of a contract before the contractual termination date. | Exit | $654.50 |
| Early Repayment Adjustment Fee Fee charged when a customer repays prior to scheduled maturity (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment. | Variation | Variable |
| End of Term Refinance Fee Fee charged to refinance or roll-over the residual value under a facility. | Event | $544.50 |
| Standard Documentation Fee Fee charged to establish a facility. | Upfront per plan | $595.00 |
Features
- Flexible Lease Structure: Customise the lease and repayments to your needs.
- Get Fast Approval: It's easier to upgrade or replace financed assets if you have 12 months of good repayment history.
- Quick and Easy: Get a fast quote over the phone or online. Sign your agreement online to avoid paperwork delays.
Eligibility
- Business customersIsn't going through the process of bankruptcy.
- Minimum age — 18 yearsAged 18 years or over
- Eligible to work in Australia
- An employed individual eligible for salary sacrifice arrangements with employer.
Constraints
- Minimum limit — $20,000.0020000 minimum amount.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID b1dd47903c834c7dadd4fc528dcb9a8a · View on CDR.gov.au