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It's an easy way to get an idea of your repayments on a CommBank Personal Loan.
We'll provide an estimate based on the bank's representative rate and your selected loan amount, loan term and loan type. Our calculation is an estimate only. It is not a quote or pre-approval.
Once you're approved for a loan, we'll provide an actual interest rate and repayment amount – as well as full terms and conditions.
Consolidating your debts?
We may show you an estimated cost saving. It's not guaranteed and isn't financial advice.
We'll assume you've provided accurate and full information and considered all fees and interest.
", "blurb2": "Our aim is to help you decide whether refinancing or", "blurb3": " is right for you.", "tooltipLabel": "debt consolidation", "tooltipText": "Combine all your smaller debts into one, so you'll pay less interest and fees", "btnDetail": { "displayText": "Close", "controlId": "disclaimer_modal_btn_close" }, "loanAmount": { "label": "Loan Amount", "errorMessage": "Your total loan amount must be between $4,000 and $100,000" }, "closeBtn": { "showBtn": "true", "btnDetail": { "displayText": "OK", "controlId": "disclaimer_modal_btn_close" } } }, "loanPurpose": { "loanPurposeOptions": [ { "key": "car", "value": "Car" }, { "key": "travel", "value": "Travel" }, { "key": "renovations", "value": "Home renovation" }, { "key": "personalGoods", "value": "Personal goods" }, { "key": "debtConsolidation", "value": "Refinance/debt consolidation" }, { "key": "other", "value": "Other" } ], "title": "Let's begin", "blurb": "I need a loan for", "defaultOption": "car" }, "loanAmount": { "label": "Loan Amount", "errorMessage": "Your total loan amount must be between ${minLoanAmount} and ${maxLoanAmount}", "defaultLoanAmount": "10000", "minLoanAmount": "4000", "maxLoanAmount": "50000", "maxLoanAmountSecured": "100000" }, "loanType": { "loanTypeOptions": [ { "key": "PLF", "value": "Fixed Rate Loan" }, { "key": "PLV", "value": "Variable Rate Loan" }, { "key": "PLS", "value": "Secured Personal Loan" } ], "title": "The loan type I need is", "defaultLoanType": "PLF", "loanTypeFees": [ { "key": "PLF", "value": "Rate range 9.00%-16.00% p.a." }, { "key": "PLV", "value": "Rate range 11.50%-18.50% p.a." }, { "key": "PLS", "value": "Rate range 6.99%-9.99% p.a." } ], "link": { "displayText": "Which loan is right for me?" }, "loanTypeInfoModal": { "title": "Get a loan type that suits you", "blurb": "Choose an interest rate that stays the same, or goes up and down over time. You can also provide security, such as a car, to enjoy a typically lower fixed rate. Whichever you prefer, you’re always in charge.", "closeBtn": { "showBtn": "true", "btnDetail": { "displayText": "OK", "controlId": "loanTypeInfo_modal_btn_close" } }, "loanTypesInfo": { "PLS": { "title": "Secured Personal Loan", "blurb": "Use your car (not already under finance) as security to borrow at a lower fixed rate.", "offer": " ", "representativeRateSection": { "title": "Fixed rate", "interestRate": "Representative rate: ${interestRate}%* p.a", "usualInterestRate": " ", "rateRange": "Range: ${minRange}%^1 p.a to ${maxRange}% p.a.", "usualRateRange": " " }, "comparisonRateSection": { "title": "Comparison rate**", "interestRate": "Representative rate: ${interestRate}% p.a", "usualInterestRate": " ", "rateRange": "Range: ${minRange}% p.a to ${maxRange}% p.a", "usualRateRange": " " }, "extraRepayments": { "name": "Extra repayments", "value": "Up to $1,000 p.a." }, "loanTerm": { "name": "Loan term", "value": "1-7 years" }, "establishmentFee": { "name": "Establishment fee", "value": "${establishmentFee}" }, "monthlyFee": { "name": "Monthly loan service fee", "value": "${monthlyServiceFee}" }, "borrowFrom": { "name": "Borrow from", "value": "$4,000 to $100,000", "tooltipText": "The maximum amount you can borrow will depend on the car's value. You may be able to borrow up to 120% of the car's value." }, "redrawOption": { "name": "Redraw option", "value": "No" } }, "PLF": { "title": "Fixed Rate Loan", "blurb": "OFFER: $0 Establishment fee on an Unsecured Fixed Rate Personal Loan. Simply apply and fund by 1 June 2023", "offer": "", "representativeRateSection": { "title": "Fixed rate", "interestRate": "Representative rate: ${interestRate}%* p.a", "usualInterestRate": " ", "rateRange": "Range: ${minRange}%^1 p.a to ${maxRange}% p.a.", "usualRateRange": " " }, "comparisonRateSection": { "title": "Comparision rate**", "interestRate": "Representative rate: ${interestRate}% p.a. (Usually 14.86% p.a.)", "usualInterestRate": " ", "rateRange": "Range: ${minRange}% p.a to ${maxRange}% p.a. (Usually 8.90% p.a. to 20.83% p.a.)", "usualRateRange": " " }, "extraRepayments": { "name": "Extra repayments", "value": "Up to $1,000 p.a." }, "loanTerm": { "name": "Loan term", "value": "1-7 years" }, "establishmentFee": { "name": "Establishment fee", "value": "${establishmentFee} (Usually $150)" }, "monthlyFee": { "name": "Monthly loan service fee", "value": "${monthlyServiceFee}" }, "borrowFrom": { "name": "Borrow from", "value": "$4,000 to $50,000" }, "redrawOption": { "name": "Redraw option", "value": "No" } }, "PLV": { "title": "Variable Rate Loan", "blurb": "No security needed. Have the flexibility to make additional repayments at any time without a fee.", "offer": "", "representativeRateSection": { "title": "Variable rate", "interestRate": "Representative rate: ${interestRate}%* p.a", "usualInterestRate": " ", "rateRange": "Range: ${minRange}%^1 p.a to ${maxRange}% p.a.", "usualRateRange": " " }, "comparisonRateSection": { "title": "Comparison rate**", "interestRate": "Representative rate: ${interestRate}% p.a.", "usualInterestRate": " ", "rateRange": "Range: ${minRange}% p.a to ${maxRange}% p.a.", "usualRateRange": " " }, "extraRepayments": { "name": "Extra repayments", "value": "Unlimited" }, "loanTerm": { "name": "Loan term", "value": "1-7 years" }, "establishmentFee": { "name": "Establishment fee", "value": "${establishmentFee}" }, "monthlyFee": { "name": "Monthly loan service fee", "value": "${monthlyServiceFee}" }, "borrowFrom": { "name": "Borrow from", "value": "$4,000 to $50,000" }, "redrawOption": { "name": "Redraw option", "value": "Yes" } } } } }, "loanTerm": { "loanTermOptions": [ "1", "2", "3", "4", "5", "6", "7" ], "title": "And pay it off within the following", "tooltipLabel": "years", "tooltipText": "A shorter term means higher repayments. A longer term means lower repayments (but you'll pay more total interest)." }, "debtModal": { "title": "Tell us about your debts", "blurb": "You'll only need to tell us about those you want to", "tooltipLabel": "consolidate.", "tooltipText": "Combine all your smaller debts into one, so you may pay less interest and fees. Manage all your debt in one place.", "modalTriggerValue": "debtConsolidation", "debtTypeDefaultOption": "Please select", "debtTypeLabel": "Debt type", "debtTypeValidation": "Choose a debt type", "debtPurposeValidation": "Choose a reason", "debtTypeTooltipText": "
Debt options are:
- Credit card
- Loan (includes personal loans, car loans and margin loans)
- Overdraft (includes line of credit)
\n #Apply and fund an Unsecured Fixed Rate Personal loan by 1 June 2023 to receive a $0 establishment fee (comparison rate reflects the $0 establishment fee)\n
\n\n Our calculator will estimate your repayments based on the bank's\n representative rate* and your selected loan amount, loan term and loan\n type.It will estimate your cost savings based on the information you have\n told us.\n
\n\n We'll assume you've provided accurate and full information about your existing\n debts, and considered all fees and interest. If you’re not sure, check\n your loan documents.\n
\n\n Where we describe cost savings (e.g. ‘savings on repayments’ or\n ‘total savings over the life of your loan’) these are estimates\n only – and not guaranteed. To understand how we calculate savings, see\n ‘Details of how you could save’.\n
\n\n If there are anyinterest savingsor expenses, these haven’t been\n included (unless stated). Keep in mind, any costs, such as interest expenses,\n could be significant. For example, consolidating debt may reduce your\n repayments – but you could incur more interest over a longer term.\n
\n\n Calculations are not a quote or pre-approval. Your actual interest rate and\n repayment amount will depend on a range of factors including the information\n you provide and our assessment of your application. We'll tell you your actual\n interest rate and repayment amount if we approve your application. You can\n then decide whether to accept our offer.\n
\nTerms and conditions, fees and charges and credit criteria apply.
\nOur interest rates
\nOur interest rates (including comparison rates) are set out below:
\nUnsecured Fixed Rate Personal Loan
\n\n Unsecured Fixed Rate Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 unsecured fixed rate loan over 5 years (Unsecured Fixed Rate Personal Loan comparison rate calculations are inclusive of the $0 establishment fee offer ending 1 June 2023):\n
\n- \n
- \n Interest rates range from 7.99%^1 p.a. to 19.99% p.a. (comparison rate from 8.68% p.a. to 20.59% p.a.). The estimated total amount payable including fees is between $37,089 and $48,279\n \n
- \n The representative rate is 13.99%* p.a. (14.63% p.a. comparison rate), based on this representative rate the estimated total amount payable including fees is $42,474\n \n
Unsecured Variable Rate Personal Loan
\n\n Unsecured Variable Rate Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 unsecured variable rate loan over 5 years:\n
\n- \n
- \n Interest rates range from 7.50%^1 p.a. to 19.50% p.a. (comparison rate from 8.41% p.a. to 20.34% p.a.). The estimated total amount payable including fees is between $36,818 and $47,940\n \n
- \n The representative rate is 13.50%* p.a. (14.37% p.a. comparison rate, based on this representative rate the estimated total amount payable including fees is $42,168\n \n
Secured Personal Loan
\n\n Secured Personal Loan interest rate ranges and the representative rates are\n set out below. Comparison rates and examples are based on a $30,000 secured\n loan over 5 years:\n
\n- \n
- \n Interest rates range from 5.99%^1p.a. to 11.99% p.a. (comparison\n rate from 7.05% p.a. to 13.02% p.a.). The estimated total amount payable\n including fees is between $35,641 and $40,881\n \n
- \n The representative rate is 7.99%*p.a. (9.04% p.a. comparison rate), based\n on this representative rate the estimated total amount payable including\n fees is $37,339\n \n
\n ^1Interest rates at the lower end of our range, for example 7.50%/7.99%/5.99% p.a. (comparison rate 8.41%/8.68%/7.05% p.a.), may be offered to customers with an excellent credit history.\n
\n\n An excellent credit history is determined by, among other things, paying your\n bills and making loan repayments on or ahead of time, being disciplined with\n your credit applications, and not overextending yourself financially.\n
\n\n Actions which can negatively impact your credit history include missing bill\n or loan repayments, defaulting on your credit facility, or making a large\n number of credit applications in a short period of time. You can find out more\n about how your credit score is calculated and tips for improving your credit\n score at ourCredit Score Information Hub.\n
\n${userInterestBlurb}\n
*Representative rate
\n\n At least half of our customers will receive the representative rate or lower.\n It may not be the actual rate you receive.\n
\n**Comparison rates
\n\n Comparison rates and examples are based on a $30,000 unsecured personal loan\n over 5 years and a $30,000 secured loan over 5 years.\n
\n\n WARNING:This comparison rate applies only to the example or\n examples given. Different amounts and terms will result in different\n comparison rates. Costs such as redraw fees or early repayment fees, and cost\n savings such as fee waivers, are not included in the comparison rate but may\n influence the cost of the loan.\n
", "userInterestBlurb": "^^This may not be the interest rate you would receive. Once you apply for a loan, the rate we offer will depend on a range of factors including your credit history.
", "closeBtn": { "showBtn": "true", "btnDetail": { "displayText": "OK", "controlId": "terms_modal_btn_close" } } }, "loanCard": { "confirmDeleteMessage": "Are you sure you want to delete this loan purpose?", "label": "Debt:", "editBtn": { "btnDetail": { "displayText": "Edit", "controlId": "loan_card_edit_btn" } }, "deleteBtn": { "btnDetail": { "displayText": "Delete", "controlId": "loan_card_delete_btn" } }, "goBackBtn": { "btnDetail": { "displayText": "Go back", "controlId": "loan_card_go_back_btn" } } }, "output": { "costSaving": "Cost savings are an estimate only, and we don't guarantee them. We'll assume you've provided accurate information.", "repayments": { "title": "Your new repayments could be around", "caveat_sign": "^" }, "totals": { "title": "Over the life of the loan you could pay", "totalInterest": "Total interest", "totalAmount": "Total repayments", "caveat_sign": "^" }, "interests": { "title": "We've based this calculation on", "userInterestRateTooltip": "We'll give you an estimate based on this rate. Once you apply, the rate we offer will depend on various factors including your credit history.", "userInterestRate": "Interest rate^^", "interestRate": "Interest rate*", "useRepRate": "Use representative rate", "interestRateFrequency": "% p.a.", "interestRateTooltip": "This interest rate is a guide only, and reflects our representative rate.", "comparisonRate": "Comparison rate**", "comparisonRateFrequency": "% p.a." }, "aboutThisCalculation": { "headerText": "About this calculation", "default": "Before applying, you should review all details of the new loan against your existing debts.
Make sure you’ll benefit by comparing our:
- Interest rates
- Repayment amounts and loan terms (you’ll pay more over a longer term)
- Establishment, ongoing and early payment fees
- Features e.g. a redraw facility or repayment options
No significant cost savings?
You may still benefit from the loan for other reasons – for example, one of its features such as redraw. Or perhaps you’d prefer to have a single repayment plan, or CommBank as your lender. If so, consider whether such preferences outweigh potential cost savings.
To find out more about debt consolidation, read the ASIC MoneySmart guide or this support article
Need help? Before you apply, simply call us on 13 1431 from 8am to 7pm, Monday to Friday and 9am to 2pm on Saturday (Sydney/Melbourne time).
", "lowerRepayments": "Before applying, you should review all details of the new loan against your existing debts.
You should confirm that the repayment amount is lower than your existing combined debt repayments.
Also make sure you’ll benefit by comparing our:
- Interest rates
- Repayment amounts and loan terms (you’ll pay more over a longer term)
- Establishment, ongoing and early payment fees
- Features e.g. a redraw facility or repayment options
To find out more about debt consolidation, read the ASIC MoneySmart guide or this support article
Need help? Before you apply, simply call us on 13 1431 from 8am to 7pm, Monday to Friday and 9am to 2pm on Saturday (Sydney/Melbourne time).
", "shorterTerm": "Before applying, you should review all details of the new loan against your existing debts.
- Ensure you will be repaying this debt sooner than you would have – keep in mind a shorter term means you’ll be paying less interest and fees over time but the repayments will be higher. Ensure you have considered and can afford the repayments and how your earnings and expenses may change over time
- Check you’ll benefit from applying for this loan by comparing our rates, fees (e.g. Establishment and ongoing fees) and features (e.g. redraw facility) with the existing loans you hold
To find out more about debt consolidation, read the ASIC MoneySmart guide or this support article
Need help? Before you apply, simply call us on 13 1431 from 8am to 7pm, Monday to Friday and 9am to 2pm on Saturday (Sydney/Melbourne time).
", "reduceCosts": "Before applying, you should review all details of the new loan against your existing debts.
Make sure you’ll benefit by comparing our:
- Interest rates
- Repayment amounts and loan terms (you’ll pay more over a longer term)
- Establishment, ongoing and early payment fees
- Features e.g. a redraw facility or repayment options
To find out more about debt consolidation, read the ASIC MoneySmart guide or this support article
Need help? Before you apply, simply call us on 13 1431 from 8am to 7pm, Monday to Friday and 9am to 2pm on Saturday (Sydney/Melbourne time).
" }, "repaymentSavings": { "title": "Your repayments could be reduced by", "frequency": "monthly^", "noSavings": "Based on what you've told us, your new repayments are likely to be higher", "noSavingsTips": "Consider other options – such as an alternative loan type, or repaying it over a different term" }, "overallSavings": { "title": "Over the life of the loan you could save", "frequency": "in total", "noSavings": "We estimate that you’d be paying more, based on the information you’ve provided.", "noSavingsTips": "Consider other options – such as an alternative loan type, or repaying it over a different term", "overallSavingsBreakdown": { "title": "Details of how you could save", "blurb": "Over the life of your new loan", "repaymentChange": "Estimated repayments savings", "feeChange": "Estimated ongoing fee savings", "interestChange": "Estimated interest savings", "exitFee": "Exit Fee (from your current loan)", "exitFeeMessage": "Exit fees may apply if you pay off your existing loan early", "establishmentFee": "Establishment fee (on your new loan)" } }, "feesAndCharges": { "feesAndChargesText": "^Fees and charges excluded", "feesAndChargesToolTip": "Establishment fee
${establishmentFee}
Loan Service fee
${loanServiceFee} per month