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Variable Rate Personal Loan by Commonwealth Bank
Variable Rate Personal Loan
Institution : Commonwealth BankTheir Blurb
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Interest Type
Variable
Our View
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.
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)
Other Commonwealth Bank Products
Commonwealth Bank Product Types
| The Facts & Figures | |
|---|---|
| Maximum Loan Amount | $ 50000.00 |
| Redraw Facility | 1.00 |
| Minimum Term | 1.00 |
| Early Repayment Allowed | Yes |
| Maximum Term | 7.00 |
| Additional repayments allowed | Yes |
| Special offers | - |
| Minimum Loan Amount | $ 5000.00 |
| Repayment schedule | Yes |
| The cool stuff: features | |
| Monthly Fee | $ 7.00 |
| Exit Fee | - |
| Loan Insurance Available? | No |
| Online Application | Yes |
| Application Fee | $ 135.00 |
