Personal loans · Side by side

CommBank vs NAB

Each lender at its lowest cost for your choices, whichever of its loans that is.

vs
Compare on
What it costs in all on $20,000 over 5 years, unsecured
$4,906
$396 a month at 6.99% · Unsecured Variable Rate
$4,946
$401 a month at 7.50% · Personal Loan

CommBank's loan costs $40 less over 5 years than NAB's, with interest and fees.

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Years

$20,000 over five years until you say otherwise. Interest at each lender's advertised rate plus every fee it publishes. Lenders publish the lowest rate in their range; the rate you're offered depends on your circumstances.

Commonwealth BankCommBank
NABNAB
The loan behind the figures
Unsecured Variable Rate
Unsecured · variable · any purpose
Personal Loan
Unsecured · fixed · any purpose
A month’s repayment
on $20,000 over 5 years
$396
at the advertised rate; fees on top
$401
at the advertised rate; fees on top
Advertised rate
the lowest it offers
from 6.99%
0.51 points lower · Lower advertised rate
from 7.50%

Comparison rates are based on a loan of $30,000 over 5 years, secured or unsecured as each loan is. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Comparison rate
the rate with most fees in
8.40%
0.01 points lower · Lower comparison rate
8.41%
Establishment fee
$250
to set it up
$0
to set it up
$250 less · Lower establishment fee
Monthly fee
$15
$15
Early repayment fee
$0
to pay it off before the term ends
$0
to pay it off before the term ends
Extra repayments
Yes
Yes
Redraw
Yes
Yes
Weekly or fortnightly repayments
Yes
No
Loan amounts
$4,000 to $50,000
$5,000 to $55,000
Loan terms
1 to 7 years
1 to 7 years

Every kind of loan

What each side's lowest-cost loan of each kind comes to on $20,000 over 5 years.

Unsecured, fixed
interest and fees
$5,053
Unsecured Fixed Rate · from 7.25%
$4,946
Personal Loan · from 7.50%
$108 less · Lower cost, unsecured, fixed
Unsecured, variable
interest and fees
$4,906
Unsecured Variable Rate · from 6.99%
—
Not offered
Secured, fixed
interest and fees
$4,793
Secured Fixed Rate Car · from 6.79%
$72 less · Lower cost, secured, fixed
$4,865
Car · from 6.74%
Secured, variable
interest and fees
—
Not offered
—
Not offered
CommBank · Unsecured Variable Rate
Go to siteEvery CommBank personal loan

As of 26 October 2026, borrowing $20,000 unsecured over 5 years, CommBank comes to $4,906 with interest and fees on its Unsecured Variable Rate (from 6.99%, comparison rate 8.40%); NAB comes to $4,946 with interest and fees on its Personal Loan (from 7.50%, comparison rate 8.41%). Figures are the lenders' published rates and fees through Open Banking, worked out on the loan above. Each row says which figure is lower; it doesn't say which loan suits you.

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