CommBank - Secured Fixed Rate Car Loan
Secured | Fixed | New or used car up to 7 years old
The Secured Fixed Rate Car Loan from CommBank offers advertised interest rates from 6.79% p.a. and a borrowing range of between $4,000 and $120,000. The CommBank Secured Fixed Rate Car Loan is a Fixed rate, Secured loan with repayment terms of between 1 and 7 years. Comparison rates for this product start from 8.20% p.a..
More CommBank Secured Fixed Rate Car Loan details can be found below or visit CommBank to learn more or apply.
A comparison rate of 8.20% p.a. and a loan type of Secured. There will also be an advertised rate of 6.79% p.a.
Interest Rate (p.a.)
6.79%
to 10.79%
to 10.79%
Comp. Rate (p.a.)
8.20%
to 12.16%
to 12.16%
Loan Term
1 to 7
Borrowing Range
$4,000 to $120,000
Interest
Rate Type
Fixed
Interest Rate (p.a.)
6.79%
to 10.79%
to 10.79%
Comp. Rate (p.a.)
8.20%
to 12.16%
to 12.16%
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Car
Loan Terms
Loan Term
1 to 7
Borrowing Range
$4,000 to $120,000
Repayment
Weekly, Fortnightly, Monthly
Features
Extra Repayments Allowed
Yes
Fees
Application Fee
$250
one off
Loan Service Fee
$15
per month
Late Payment Fee
$20
per event
Who is the product designed for?
The customer of the target market are likely to have the following objectives, needs and financial situation for this product:
Objectives and Needs
- Require a loan for a fixed amount and term, for the sole purpose of buying a car.
- Require an interest rate that is usually lower when compared to CBA's Unsecured Personal
Loan - Require certainty of a fixed interest rate and repayments
- Ability to make additional repayments
Financial Situation - meet CBA’s credit assessment criteria which includes demonstrating the capacity to make the
required repayments without substantial hardship; and - can choose a loan amount typically between $4,000 and $120,000
Visit CommBank to view Target Market Determination Effective From: 2026-04-22.
A company registered in England and Wales. Registered number: 12719978.
- ADDRESS
- SAVRR Group Ltd,
- Exchange Street Buildings,
- 35-37 Exchange Street,
- Norwich,
- NR2 1DP.
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