Features

Loan amount
Get into your new car¹ now. Place a deposit down with a car dealer and you can borrow the remaining amount for the vehicle. The minimum loan amount is $10,000 but there is no maximum amount. For loans under $10,000, take a look at our unsecured personal loans, and for loans of less than $5,000, see our range of credit cards.

Fixed rate
A fixed interest rate means fixed repayments. You'll know exactly what you need to pay each month and be protected from any increase in interest rates.

Loan term
Pay your loan off quickly or spread it out over a few years. Choose a term between one and five years, depending on what you're comfortable with.

Security
Your loan security is provided by your new car¹. There's no need for any other security.

Easy application
There's no loan interview and you won't have to wait for an answer. Just complete the loan application online, or in any branch, and we'll give you an immediate response.²

Repayment frequency
Choose your repayment term to suit you, and when you get paid - weekly, fortnightly or monthly.

Extra repayments
Making extra repayments when you have spare cash is a great way to pay off your loan faster and save on interest. You can pay up to an additional $5,000 p.a.³

24-hour access
Your loan funds are available 24 hours a day through your Commonwealth Bank keycard or credit card.

Important information

• Statement of the cost of credit
• As at the 08 December 2008 the annual percentage rates for Variable Rate Personal Loans range from 13.90% pa to 15.90% pa (view comparison rate) , for Fixed Rate Personal Loans range from 13.30% pa to 15.30% pa (view comparison rate) and for Fixed Rate Secured Loans is 9.80% pa (view comparison rate). Fees and charges are payable. These annual percentage rates may change. Please ask at any Commonwealth Bank branch or call us on 13 14 31 8am to 8pm 7 days a week for our up to date interest rates.
• 1. Dealer only, not private sale, used cars are to be less than 5 years old and subject to our security requirements.
• 2. Subject to system availability. Unavailable when a guarantor is required, if an application is incomplete or if an application needs to be referred for a more detailed review by a lending specialist. All customers will need to go to a branch for identification, verification and contract signing.
• 3. A Deferred Establishment Fee may apply if the loan is repaid within 1 year from the funding date (excludes loans with a term of 1 year) for loans applied for before 8 February 2007. For loans applied for on and from 8 February 2007, a Deferred Establishment Fee may apply if the loan is repaid within 2 years from the funding date (excludes loans with a 1 or 2 year term).