COMMONWEALTH BANK SECURED LOAN REVIEW
Commonwealth Bank Secured Loan - Personal Loan
(Which Way To Pay - 10/1/2011)
The Commonwealth Bank Fixed Rate Secured Loan is perfect for you if you are looking to retire your old car and get something newer. By securing you loan against your new vehicle you can enjoy a low, fixed rate interest rate. You can choose the term of your loan from 1 to 5 years.
The advantage of this loan is a lower interest rate than that of a secured loan. You will be able to borrow any thing over $10,000 and choose weekly, fortnightly or monthly repayments to suit your budget.
However, there is an establishment fee of $250 and while your first two cheques are free of chrage after that a fee of $5.40 applies for each additional cheque they issue on your behalf. There is a loan service fee of $10 and a late fee of $25.
The APR is 11.99% and the minimum term is one year and the maximum term is five years.
In order to apply for this loan you must be over eighteen and have a good credit rating and hold Australian residency or citizenship.
Commonwealth Bank Secured Loan is ranked 3 out of 5. Based on 1 review.

3 Star Rating
    
REVIEW RATINGS EXPLAINED
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

News Charts News and Charts

Starting to worry about the cost of student life . Look no further a Student credit card is your answer.
31 August 2018
Which Way To Pay
Student credit cards. When starting your student life it can be a worry over the financial side of things
Read More >>
When Looking for a Home Loan , Be warned that certain rates are set to rise.
31 August 2018
Which Way To Pay
Recent studies have confirmed that Home Loan rates are set to rise due to the current market changes
Read More >>
Students Feeling the hit of Studying costs has reached its highest
18 April 2017
Which Way To Pay
Many students in Australia are feeling a hit after studying costs rise , student credit cards are the way forward
Read More >>
PERSONAL LOAN
Commonwealth Bank