Explore car loans & car insurance
Go electric and get discounts for a wide range of cars
- You could benefit from an estimated annual saving of $1.3k to $1.7k from the lower operational costs of running an EV.4
- There are more than 2300 charging sites nationwide5, and Australian states and territories have committed over $200m to roll out additional charging sites across Australia.4
- Join the global transition in reaching zero emissions for all new vehicles. One in six customers financing a new car with CBA choose an EV.
EV loan with an energy-efficient discount
Cover all your upfront costs
Quick and easy application
Not sure how much you can borrow for an electric or hybrid car?
- How much you may borrow
- What your repayments might look like
- The different loan options which may be available to you
Buying or selling your car privately, made safe with VEME
VEME helps makes private car sales simple and secure, all in one place:
- Secure ID verification, vehicle registration and history check
- Payment protection - funds are held in a trust account and released to the seller once the car has been handed over
- Helping to complete the car handover
Available at no extra cost when you fund your car purchase using an eligible CommBank Car Loan (standard service fee $128)+.
Shop with confidence
Car loans
Haven’t decided what type of vehicle? Learn more about switching to EV
View loan options:
Secured Fixed Rate Car Loan
Use a new vehicle or a used vehicle up to 7 years old as security for this loan. Your rate could be lower than variable rate or fixed rate.
Interest rates
Usually:
6.79%p.a. – 10.79%p.a.Comparison rate:
7.90%p.a.
EV/hybrid discount applied
Loan amount range
$4,000 - $120,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$250 Establishment fee
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Fixed rate loan
No security required which means a faster process with less information and documents required.
Interest rates
Usually:
7.25%p.a. – 22.25%p.a.Comparison rate:
8.29%p.a. – 9.77%p.a.
EV/hybrid discount applied
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Variable rate loan
No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.
Interest rates
Usually:
7.75%p.a. – 22.75%p.a.Comparison rate:
8.87%p.a. – 10.26%p.a.
EV/hybrid discount applied
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Repayment amount may be affected if your interest rate changes
- Unlimited additional repayments without a fee so you can pay down faster
- No fees apply if you close the loan off early
Redraw
- Redraw available funds through your redraw facility
Secured Fixed Rate Car Loan
Use a new vehicle or a used vehicle up to 7 years old as security for this loan. Your rate could be lower than variable rate or fixed rate.
Interest rates
Comparison rate:
8.20%p.a. – 12.16%p.a.
Loan amount range
$4,000 - $120,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$250 Establishment fee
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Fixed rate loan
No security required which means a faster process with less information and documents required.
Interest rates
Comparison rate:
8.30%p.a. – 23.12%p.a.
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Variable rate loan
No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.
Interest rates
Comparison rate:
8.79%p.a. – 23.62%p.a.
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Repayment amount may be affected if your interest rate changes
- Unlimited additional repayments without a fee so you can pay down faster
- No fees apply if you close the loan off early
Redraw
- Redraw available funds through your redraw facility
Secured Fixed Rate Car Loan
Use a new vehicle or a used vehicle up to 7 years old as security for this loan. Your rate could be lower than variable rate or fixed rate.
Interest rates
Comparison rate:
8.20%p.a. – 12.16%p.a.
Loan amount range
$4,000 - $120,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$250 Establishment fee
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Fixed rate loan
No security required which means a faster process with less information and documents required.
Interest rates
Comparison rate:
8.30%p.a. – 23.12%p.a.
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Variable rate loan
No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.
Interest rates
Comparison rate:
8.79%p.a. – 23.62%p.a.
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Repayment amount may be affected if your interest rate changes
- Unlimited additional repayments without a fee so you can pay down faster
- No fees apply if you close the loan off early
Redraw
- Redraw available funds through your redraw facility
Fixed rate loan
No security required which means a faster process with less information and documents required.
Interest rates
Comparison rate:
8.30%p.a. – 23.12%p.a.
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Fixed interest rate and repayments for the life of the loan
- Fees may apply if you close the loan off early
Redraw
- Won’t be able to redraw any additional repayments you’ve made
Variable rate loan
No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.
Interest rates
Comparison rate:
8.79%p.a. – 23.62%p.a.
Loan amount range
$4,000 - $50,000
Loan term
1 - 7 years
Repayment frequency
Weekly, fortnightly or monthly repayments
Fees
$0 Establishment fee (usually $250)
$15 Monthly loan service fee
Repayment
- Repayment amount may be affected if your interest rate changes
- Unlimited additional repayments without a fee so you can pay down faster
- No fees apply if you close the loan off early
Redraw
- Redraw available funds through your redraw facility
Save $250 on your personal loan: For a limited time, pay $0 establishment fee when you both apply and fund either an Unsecured Fixed or Variable Rate Personal Loan between 18 August and 9 October 2026.`
Up to $400 cashback on your new car: Rev up your savings and get up to $400 cashback if you're a CommBank Yello customer, purchase a vehicle through this platform and finance it with a CommBank Secured Fixed Rate Car Loan. Offer ends 30th September 2026.^
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