Commonwealth Bank Variable Rate Personal Loan

Commonwealth Bank
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Start rate
-
Interest
Variable
Max. loan
$50,000

Moneybuddy says

The Commonwealth Bank Variable Rate Personal Loan is a standard variable rate personal loan that can be used for a variety of purposes. It has a moderate interest rate, the ability to make extra repayments, a flexible loan term and repayment schedule and you can access funds by linking to any Commonwealth Bank credit card or key card.

The Basics

Security -

Personal loan type Personal Loan

Start rate -

Interest Variable

Max. loan $50,000

The cool stuff: features

Loan insurance available? No

Repayment schedule -

Online application Yes

Redraw facility Yes

Early repayment allowed Yes

Additional repayments allowed Yes

The Facts & Figures

Comparison rate -

Min. loan $5,000

Min. term 1 month

Max. term 7 months

The ugly stuff: fees

Signup fee -

Exit fee -

Monthly fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Pros

  • Make extra repayments at any time for no extra cost
  • Redraw facility for withdrawing extra repayments

Cons

  • Early repayment fee if loan repaid in less than 1 year (except for 1 year loans)

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