Rating based on 73 reviews

Commonwealth Bank


  • Reliable student loans
  • Low-interest starting from 12.99%
  • Repayment up to 7 years

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Commonwealth Bank homepage

Author Commonwealth Bank. Screenshot of Commonwealth Bank website. [Accessed September 14, 2021]

About Commonwealth Bank

The comprehensive range of financial products and services provided by Commonwealth Bank makes us the leader in the Australian market.

We offer retail banking and premium banking to individuals, households and businesses. We support businesses of all sizes through our business banking services.

Banking solutions for businesses

We have developed modern and effective institutional banking solutions. We have extensive expertise in funds management and superannuation.

We offer a wide range of insurance products. With our investment and share broking services and products, our clients can minimise cost and risk and maximise financial return.

Proudly listed on the ASX

It is among the largest financial companies whose shares are traded on the ASX. It is also present in the Capital Global Index compiled by Morgan Stanley.

The group's major financial goal is to have total shareholder return in the top 25% of its Australian counterparts listed in the country for each period of 5 years.

Commonwealth Bank Services

The Commonwealth Bank offers a range of credit products to tertiary students.

You can take advantage of our quick loans. The granted funds can be in your account on the same day when you make the online loan application.

Fixed and variable interest rates

You can choose a repayment term from 1 to 7 years. With our student credit card, you will have the flexibility that you have always wanted. Whenever you need to pay for something, you just tap the card and go. You no longer need to wait for ages for the payment to be processed.

Limits start from as little as $400

The card is accepted worldwide so you can use it even when you go on a trip abroad or join an international student program to study overseas. We have security and fraud monitoring which takes place 24 hours a day, 7 days a week.

Commonwealth Bank Student loan

  • Loan Type Student loans
  • Interest Rate from 12.99%
  • Repayment 1 year to 7 years

Benefits of Commonwealth Bank

  • Competitive interest rates
  • Savings accounts for students
  • Student benefit options

Commonwealth Bank Student Loans - getting you through your studies

Commonwealth Bank in Sydney offers student loans for all your educational needs.

We know how expensive studies can be, and we know that to get decent employment one needs the right credentials, which takes a lot of study time, which means a lot of funds.

Loans that help you along

Our student loans can cover teens and young adults on their way to educational success. With tailor-made student loan solutions to fit the profile of children young and old, we help youngsters on the road to reaching their full potential.

For Students and Parents

We offer more than sufficient loan options for students, we also offer special financial tips and advice for parents for their journey of their child’s education. We focus on a range of study loan options such as apprenticeships, discounted offers and low repayment structures to meet the unique needs of your child.

Easily Accessible Loans

Our student finance options are easily accessible and are there to assist parents with financial assistance in subsidising their educational training. We offer personal loans which can cover the total costs of their schooling including all the little extras which add up financially like accommodation if studying away from home, and books.

At Commonwealth Bank in Sydney, we offer financial help to improve the chances of a brighter and educational future for students who need the assistance of financial aid to complete their studies further.

A team we're proud to call our own

We will gladly discuss all the loan options with you, and welcome you to start a meaningful relationship with our team who have years of experience in getting students the right education through our student loans.

We will happily advise you on the best options for your child’s studies, and what the best possible financial offers would best suit you, with low rates, and flexible repayment terms that will suit any budget.

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Commonwealth Bank is a trusted & reliable provider of student loans

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

Applying for the Commonwealth Bank loan was fast, effective and convenient.

Alex W
— Canberra —

March 2019

Once you make use of the credit services at Commonwealth Bank, you will understand why they are Australia’s most loved financial provider.

Amy H
— Perth —

May 2019

I thought I would have to wait for days before getting a response on my loan application. To my surprise, I only waited for a few hours.

Noah W
— Adelaide —

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