CommBank Secured Car Loan
A secured fixed-rate car loan from Commonwealth Bank, offering competitive rates for both new and used vehicles, with a discount for electric vehicles.
Last checked on June 11, 2026. We may earn a commission when you click through.
CommBank offers a straightforward secured car loan with a good range of financing options for both new and used cars.
CommBank Secured Car Loan
Updated 2 days agoAt a Glance
Representative APR
6.79–10.79%
Loan Amount
A$4,000–A$120,000
Term
12–84 mo
Decision
—
Eligibility Requirements
About this loan
A secured fixed-rate car loan from Commonwealth Bank, offering competitive rates for both new and used vehicles, with a discount for electric vehicles.
Our Verdict
CommBank offers a straightforward secured car loan with a good range of financing options for both new and used cars.
Best For
This loan is ideal for Australian residents seeking a vehicle loan with fixed rates and the added benefit of discounts for eco-friendly cars.
Watch Out
Potential borrowers should be aware of the minimum loan amount and the requirements for eligibility, which may exclude some applicants.
What Customers Say
Borrowers generally appreciate the ease of the application process and customer service, though some mention longer approval times.
Expert Analysis
The CommBank Secured Car Loan offers flexible financing from $4,000 to $120,000 with a fixed rate ranging from 6.79% to 10.79%. This makes it a viable option for many buyers in the Australian market. Importantly, borrowers can access a green loan discount for electric and plug-in hybrid vehicles, which can make the loan more affordable for eco-conscious consumers.
While the loan terms range from 12 to 84 months, applicants must meet specific criteria, such as being an Australian resident and at least 18 years old, with a regular income. This could limit access for some potential borrowers, particularly younger individuals or those with irregular income.
In terms of customer service, Commonwealth Bank is known for its robust support and digital banking services, which can enhance the borrowing experience. However, some users have noted that the approval process can take longer compared to other lenders, so those needing quick access to funds should consider this factor.
Compared to alternatives like ANZ or Westpac, CommBank's rates are competitive but may not be the lowest available. It's advisable to compare all options to ensure the best financial decision is made. For further details, check CommBank's official page at CommBank Car Loans.
You'll be redirected to commbank.com.au
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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