Commonwealth Bank Car Loans
Compare Commonwealth Bank car loans
The table below displays a snapshot of Commonwealth Bank’s car loan products on Canstar’s database. Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a five-year loan in NSW.
What car loan(s) does Commonwealth Bank offer?
At the time of writing, Commonwealth Bank offers a secured car loan for cars and other vehicles. This loan offers the following features:
- Choice of both term and repayment frequency – pay either weekly, fortnightly, or monthly over the course of one to five years
- Manage your loan from anywhere using the CommBank app
- A fixed interest rate means your repayments will stay the same over the term of the loan
- No maximum loan amount
Is your car eligible for a secured loan with Commonwealth Bank?
To be eligible for a secured car loan with Commonwealth Bank, your application will be subject to its normal lending criteria. Generally, your chosen vehicle might need to be:
- For personal use
- Less than five years old
- A new or used vehicle worth at least $10,000
- A vehicle that isn’t a caravan, motor bike, commercial vehicle, or truck
Check the PDS (product disclosure statement) for Commonwealth Bank’s car loan criteria.
Does Commonwealth Bank also offer personal loans?
Yes, Commonwealth Bank does offer both fixed and variable rate unsecured personal loans as well as its secured car loan product.
The table below displays a snapshot of Commonwealth Bank’s personal loan products on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a three-year loan in NSW.