“I want to get a personal loan from the Commbank, but I do not know how much can I borrow CBA?” are some of the question that Info Credit Free give a lot in the recently. Let us get the answers.

How much can I borrow CBA

Everyone should know “How much can I borrow CBA” to choose a personal loan that meets your need. Info Credit Free introduced to people a lot of loans from the banks in Australia. People can get information about these loans from some articles such as Commonwealth bank home loan, Westpac commercial property loan, Westpac refinances home loan…

HOW MUCH CAN I BORROW CBA

This post includes three parts about “How much can I borrow CBA“, they are: “Some things people should know about the personal loan of CBA”, “How much can I borrow CBA” and “How to apply for a personal Commbank loan”.

1. Some things people should know about the personal loan of CBA

  • If people apply and fund a new Unsecured Fixed Rate Personal Loan by 16 December 2018, people will receive a 1% p.a. discount on the approved interest rate.
  • If people apply and fund a new Secured Car Loan by 28th October 2018, people will receive a 1.5% p.a. discount on the approved interest rate.

With the unsecured personal loan in Commbank, people can get the repayment terms to range from 1 to 7 years. The interest rate ranges and representative examples based on the unsecured loan of $30,000 borrowed for 5 years are as follows:

  • The minimum interest rate for a variable rate loan is 13.90% pa. (Comparative rate of 14.77% pa) or with the minimum interest rate for fixed loans at an interest rate of 11.99% pa. (Compared to 12.87% pa), the total estimated amount payable is $ 42,540 or $ 40,781, respectively.
  • The maximum interest rate for a fixed or fixed interest rate is 18.9% pa. (Comparative rate 19.74% pa), the total estimated amount payable is $ 47,344.
How much can I borrow CBA
How much can I borrow CBA

The Comparison rate is calculated on loans as follows:

  • For the Variable Rate Loans: a comparison based on an unsecured $30,000 loan over five years;
  • For the Fixed-Rate Loans: for loan terms of 1 to 3 years, a comparison based on an unsecured $10,000 loan over 3 years. For loan terms of 4 to 7 years, a comparison based on an unsecured $30,000 loan over 5 years;

2. How much can I borrow CBA

2.1. Step 1 to know how much can I borrow CBA

People need to choose some information which the Commbank requires:

  • Number of application
  • Salary
  • Other income
  • How many dependents 
How much can I borrow CBA
How much can I borrow CBA

2.2. Step 2 to know how much can I borrow CBA

Provide some information about:

  • Rent/Mortage 
  • Loan repayments
  • Credit card limit/s
  • Living expenses
How much can I borrow CBA
How much can I borrow CBA

2.3. Step 3 to know how much can I borrow CBA

Provide some information about:

  • Type of loan
  • Loan term
  • How often would you like to make your repayments

Then click into the “Calculate” to receive documents about the loans you can get.

How much can I borrow CBA
How much can I borrow CB

3. How to apply for a personal Commbank loan

Everyone can apply for online loans and get a response within 60 seconds.

In addition, people also call Commbank on 13 1431 8am–8pm, 7 days (Sydney/Melbourne time) or visit your local branch

  • Explore: Tell the Commbank what people want the loan for and explore the loan and repayment options.
  • About you: Tell the Commbank about the finances.
  • Review and submit online: Once the Commbank has the application of customers Commbank will review it and give them a response within 60 seconds.
  • Drop into a branch: If the application is conditionally approved, take the supporting documentation into the nearest branch to complete the process. New customers will also need an ID check.

In addition, you can get more and more information about a variety of personal loans in Australia at Info Credit Free site. If you are interested in these loans, you can click to links such as payday loans no credit check, Westpac commercial property loan,  Commonwealth bank home loan, loans for low-income earners, no deposit home loans…

Besides, people can get information about loans of other banks in Australia such as NAB or Westpac in posts: Westpac business loan,  NAB investment loan rates, Westpac refinances home loan, NAB home loan contact…

Hillary (Team Content) – Info Credit Free