Unsecured Variable Rate Personal Loan

As of 18 September 2026, the Commonwealth Bank Unsecured Variable Rate Personal Loan has a comparison rate of 8.79% (from 7.75% advertised), ranking 101st of 212 unsecured loans tracked by BankMate and sitting 8.34 points below the unsecured market average of 17.13%. It is an unsecured variable-rate loan for any purpose with fees of $15 a month. Lenders publish the lowest rate in their range; the rate offered depends on the applicant.

8.79%comparison rate p.a.

from 7.75% advertised · Unsecured · variable · any purpose

Fees: $15/mo.

Go to Commonwealth Bank

Rate over time

Comparison rate · lenders publish the lowest rate in their range

Unsecured Variable Rate Personal Loan
RBA cash rate
Unsecured average

Changes

No changes recorded for this product since tracking began on 12 September 2026.

Rates

Advertised rate: from 7.75% p.a.
Comparison rate: 8.79% p.a.
Rate type: Variable

Fees

Application fee: None
Monthly fee: $15
Annual fee: None
Early repayment fee: None
Late payment fee: $20

Loan terms

Loan amount: $4,000 – $50,000
Extra repayments: Yes
Early payout: Yes
Redraw: Yes
Flexible repayment frequency: Yes

Eligibility

Minimum age: 18

About this product

Get a competitive rate and have the flexibility to make additional repayments without a fee with a CommBank Variable Rate Personal Loan.

Compare all personal loans