Rating based on 33 reviews

Commonwealth Bank

Updated

  • Debt consolidation up to $50,000
  • Become debt-free
  • Low interest rates

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Commonwealth Bank homepage

Author Commonwealth Bank. Screenshot of Commonwealth Bank website. [Accessed September 13, 2021]

About Commonwealth Bank

Are you caught in a constant struggle to pay off multiple debts? Get your loans paid off in the quickest way with Commonwealth Bank, one of the biggest companies in Australia and around the world.

They offer a wide range of financial options to help you prosper the way you should. Commonwealth Bank is well known for its great service and high-quality products including day-to-day banking, insurance, investment, debt consolidation loans, or other financial solutions to help their clients reach their financial goals.

They have made a great impact on the financial well-being of thousands of Aussies as well as people across the rest of the world, through offering solutions to have long-term success and live a happy and financially free life. They have empowered many people and communities through their transparency, accountability, and sustainable decisions.

Discover the quickest way to get rid of your debt with a debt consolidation loan from a responsible loan company that can merge your loans for easier and simpler stress-free repayment of debt.

The role they play in Australia 

They have made a remarkable influence in educating people on financial literacy by providing the best financial resources available in the world such as CommBank investment, insurance, and business online loans.

Their presence in the countries they operate in has brought about a huge economic improvement through the financial assistance and relief they provide to people who want to be debt-free but have no idea where to get started.

This uniform company values the excitement of working and assisting diverse cultures, ethics and norms of people around the world to achieve financial success.

Commonwealth Bank Services

This loan will enable you to combine multiple debts into one easy-to-manage loan.

This will help you to regain control over your finances again and help you get out of debt faster without piles of stressful and confusing repayments each month. You can save a lot of money on interest through a debt consolidation loan.

With an unsecured fixed-rate debt consolidation loan, you can access between $4,000 and $50,000 and have the option of making additional repayments without any extra fees of up to $1,000. Their unsecured variable rate debt consolidation loan allows you to borrow between $4,000 and $50,000 while enjoying the flexible extra repaying and redrawing options. They also offer a secured debt consolidation Loan between $4,000 and $100,000 with lower interest rates allowing you to make extra repayments of up to $1,000 without any additional charges.

Cover everything in one place

Access a wide range of cover for almost every area in life. The insurance they offer:

  • Vehicle insurance.
  • Travel insurance.
  • Income protection.
  • Health insurance
  • Content insurance.
  • Home insurance.
  • Life insurance

Home loans – own your dream house

Save with their low 2 Year fixed rate home loan with an interest rate starting at only 2.34%p.a. You can also qualify for a 0.15% p.a. discount and the best part is that this loan has no establishment or monthly fees.

Their home loans start at a minimum amount of $150,000. Whether you are looking for the keys to your dream house, improving your home, or opting to switch your mortgage to Commonwealth Bank for a lower rate, you can rely on them as they want to be part of your success story.

Commonwealth Bank Debt consolidation loan

  • Loan Type Debt consolidation
  • Loan Amount up to $50,000

Benefits of Commonwealth Bank

  • Fast online loan approvals
  • Competitive interest rates
  • Flexible loan terms
  • Affordable monthly repayment

Commonwealth Bank will help you consolidate all your debt – One payment, one solution

How to apply for a debt consolidation loan with Commonwealth Bank

Application process

One: You can request a quick call, visit your nearest branch or you can quickly submit your information online.

Two: Once submitted, a business banking specialist will shortly be in touch to discuss your financial circumstances and needs.

Three: They will take you through the application, ask you a few simple questions and they might ask you for supporting documents so that they can do a thorough assessment.

The Commonwealth Bank lending criteria

  • Be at least 18 years old
  • Applicants must be Australian or a New Zealand citizens.
  • Live in Australia
  • Meet minimum income requirements
  • Have a stable and regular income or be employed.
  • A credit rating that is not too bad.
  • You are not bankrupt.

Benefits of being a commonwealth Bank client

  • Fast and easy approval.
  • Low-interest rates with fixed and variable options.
  • Secured and unsecured loan options.
  • Impeccable service and high-quality advice.
  • Responsible loans that are tailored to what you can afford.
  • Tools, tips, and guidelines to help you on your exciting journey.
  • You can manage and view your online loans.
  • The opportunity to top up your loan whenever you need to.
  • Flexible terms and repayments
  • No penalty fees for paying early or extra.
man holding thumbs up

Commonwealth Bank is a trusted & reliable provider of debt consolidation

In our review, Commonwealth Bank adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, as well as the National Consumer Credit Protection Regulations 2010, where the granting the loan will not cause financial distress to the consumer.

Commonwealth Bank is a registered credit provider in Australia; ACL 234945

Customer Reviews & Testimonials

February 2019

At Commonwealth Bank they are focused on the financial success of their customers; they tailor their deals to get make sure that you are getting exactly what you prefer. I love borrowing from the...

Andrea M
— Wellington —

March 2019

Take the first step towards better finances by applying for a loan with Commonwealth Bank. My financial situation has only improved since I made that choice. I recommend them with high regard!

Benjamin H
— Darwin —

Commonwealth Bank Contact

Physical Address

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed