Commonwealth Bank (CBA) Car Loans

As one of Australia’s biggest retail banking providers, the Commonwealth Bank has a suite of car loan products for both individuals and businesses. Apply online now and have your very own personal car loan Lending Specialist help you with your car loan pre-approval today. That’s right, you’ll have your very own personal contact to deal with from start to finish.

Their Retail Banking Services division is dedicated to providing simple, convenient and affordable banking services to meet the financial needs of personal and business loan applicants. Find out how much your car loan repayment could be using our car loan repayment calculator.

With 1,100 branches, 3,700 Australia Post outlets and 4,300 ATM’s right around Australia, the Commonwealth Bank has the largest range of customer access points. They also offer 24/7 real time support, the first bank in Australia to do so.

Commonwealth Bank (CBA) Personal Car Loan

A Commbank car loan can be precured for both new and used cars from a registered dealer, or private seller. CBA car loans can be structured in a number of different ways depending on your circumstances and preferred loan method.

Secured car loan – Using the car you purchase as security will lower the interest rate. The interest rate is fixed for the life of the loan and repayments can be made weekly, fortnightly or monthly. The minimum loan amount is $10,000 and the loan term can be between 12 months to five years.
Fixed rate personal loan – Interest rates are fixed for the life of the loan, with loan terms from 12 months to seven years. You can borrow between $5,000 – $50,000 with weekly, fortnightly or monthly repayments.
Variable rate personal loan – Very similar to the fixed rate personal loan, except interest rates fluctuate, you can make additional repayments without incurring a fee, and you can redraw any additional repayments you’ve made should you need the money during the life of the loan.

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