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Tailored car finance and insurance solutions for personal and business use
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Go electric and get discounts for a wide range of cars

  • You could benefit from an estimated annual saving of $1.3k to $1.7k from the lower operational costs of running an EV.4
  • There are more than 2300 charging sites nationwide5, and Australian states and territories have committed over $200m to roll out additional charging sites across Australia.4
  • Join the global transition in reaching zero emissions for all new vehicles. One in six customers financing a new car with CBA choose an EV.

EV loan with an energy-efficient discount


Receive our lowest rate of 6.19% p.a. (7.61% p.a. comparison rate) to support your electric vehicle transition.

If you’re looking for business finance options, discounts can also be available via our Business Car Loan.
Find out more

Cover all your upfront costs


A CommBank electric vehicle loan will cover all your needs, from the vehicle to the charging station and batteries.

A CommBank Business Car loan can finance 100% of the on-road cost for new and used EVs with $0 upfront deposit. You can also finance charging equipment and batteries for commercial use.

Quick and easy application

Complete the online personal loan application in about 15 minutes, and get a response in as little as 60 seconds.
Find out more about EV financeTell me more about business loan

Not sure how much you can borrow for an electric or hybrid car?

Use our borrowing power calculator, and quickly and easily get a better understanding of:
  • How much you may borrow
  • What your repayments might look like
  • The different loan options which may be available to you
Get started

Shop with confidence

You could apply for conditional approval for a CommBank car loan today.
Find out more
To find out about Car and Equipment finance for your business, express your interest now

Car loans

Haven’t decided what type of vehicle? Learn more about switching to EV

View loan options:

Special offer icon

Secured car loan

Use a new vehicle or a used vehicle up to 7 years old as security for this loan. Your rate could be lower than variable rate or fixed rate.


Interest rates

6.19%p.a.
  • Usually:

    6.49%p.a.10.49%p.a.
  • Comparison rate:

    7.61%p.a.

    EV/hybrid discount applied


Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee

See more

Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Fixed rate loan

No security required which means a faster process with less information and documents required.


Interest rates

7.00%p.a.8.49%p.a.
  • Usually:

    7.75%p.a.19.75%p.a.
  • Comparison rate:

    8.41%p.a.9.88%p.a.

    EV/hybrid discount applied


Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee

See more

Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Variable rate loan

No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.


Interest rates

7.50%p.a.8.99%p.a.
  • Usually:

    8.25%p.a.20.25%p.a.
  • Comparison rate:

    8.90%p.a.10.38%p.a.

    EV/hybrid discount applied


Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee

See more

Repayment

  • Repayment amount may be affected if your interest rate changes

  • Unlimited additional repayments without a fee so you can pay down faster

  • No fees apply if you close the loan off early

Redraw

  • Redraw available funds through your redraw facility

Secured car loan

Use a new vehicle or a used vehicle up to 7 years old as security for this loan. Your rate could be lower than variable rate or fixed rate.


Interest rates

6.49%p.a.10.49%p.a.
  • Comparison rate:

    7.90%p.a.11.86%p.a.

Loan amount range

$4,000 - $120,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Fixed rate loan

No security required which means a faster process with less information and documents required.


Interest rates

7.75%p.a.19.75%p.a.
  • Comparison rate:

    9.15%p.a.21.05%p.a.

Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Variable rate loan

No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.


Interest rates

8.25%p.a.20.25%p.a.
  • Comparison rate:

    9.64%p.a.21.55%p.a.

Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Repayment amount may be affected if your interest rate changes

  • Unlimited additional repayments without a fee so you can pay down faster

  • No fees apply if you close the loan off early

Redraw

  • Redraw available funds through your redraw facility

Secured car loan

Use a new vehicle or a used vehicle up to 7 years old as security for this loan. Your rate could be lower than variable rate or fixed rate.


Interest rates

6.49%p.a.10.49%p.a.
  • Comparison rate:

    7.90%p.a.11.86%p.a.

Loan amount range

$4,000 - $120,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Fixed rate loan

No security required which means a faster process with less information and documents required.


Interest rates

7.75%p.a.19.75%p.a.
  • Comparison rate:

    9.15%p.a.21.05%p.a.

Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Variable rate loan

No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.


Interest rates

8.25%p.a.20.25%p.a.
  • Comparison rate:

    9.64%p.a.21.55%p.a.

Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Repayment amount may be affected if your interest rate changes

  • Unlimited additional repayments without a fee so you can pay down faster

  • No fees apply if you close the loan off early

Redraw

  • Redraw available funds through your redraw facility

Fixed rate loan

No security required which means a faster process with less information and documents required.


Interest rates

7.75%p.a.19.75%p.a.
  • Comparison rate:

    9.15%p.a.21.05%p.a.

Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Fixed interest rate and repayments for the life of the loan

  • You can make additional repayments, subject to early repayment adjustment1

  • Fees may apply if you close the loan off early

Redraw

  • Won’t be able to redraw any additional repayments you’ve made

Variable rate loan

No security required and no fees for making additional repayments, which can help you save interest and pay off your loan sooner.


Interest rates

8.25%p.a.20.25%p.a.
  • Comparison rate:

    9.64%p.a.21.55%p.a.

Loan amount range

$4,000 - $50,000

Loan term

1 - 7 years

Repayment frequency

Weekly, fortnightly or monthly repayments


Fees

  • $250

    Establishment fee

  • $15

    Monthly loan service fee


Repayment

  • Repayment amount may be affected if your interest rate changes

  • Unlimited additional repayments without a fee so you can pay down faster

  • No fees apply if you close the loan off early

Redraw

  • Redraw available funds through your redraw facility

Standard personal use vehicle

Log in to find out your personalised car loan rate

Compare pricing and repayments

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Car Insurance

Limited time offer

Get $50 cashback when you log on and take out a Comprehensive Car insurance provided by Hollard.2

Pay monthly 

No additional cost if you choose to pay your car insurance monthly. 

24/7 emergency claims assistance 


The Emergency Claims Assistance Line is available 24 hours a day, 7 days a week. 

Compare Car Insurance

Comprehensive

High level cover for damage to your car, and your legal liability for damage to other people's property arising from the use of your car.
What's covered:
  • Accidental loss or damage to your car from events such as fire3, theft or attempted theft, collisions, malicious damage, accidents and weather events
  • If your car is a total loss, you may be eligible for a new replacement car
  • Legal liability for damage to other people’s property up to $20 million
Optional covers
  • Excess free window glass damage
  • Hire car after accident for up to 14 days
Learn more

Third Party Property, Fire & Theft

Mid-level cover for your car, this option covers you for damage to your car from some events, and your legal liability for damage to other people's property arising from the use of your car.
What's covered:
  • Damage to your car from fire3 and theft up to $10,000
  • Up to $5,000 cover for your car if an accident occurs that is not your fault, and the other driver is uninsured
  • Legal liability for damage to other people’s property up to $20 million
Optional covers 
  • Excess free window glass damage
  • Hire car after accident for up to 14 days
Learn more

Third Party Property Damage

Basic level cover for damage to someone else’s car and your legal liability for damage to other people's property arising from the use of your car.
What's covered:
  • Temporary cover for replacement car
  • Up to $5,000 cover for your car if an accident occurs that is not your fault, and the other driver is uninsured
  • Legal liability for damage to other people’s property up to $20 million
Learn more

Tools & calculators

How much can I borrow?

Estimate how much you can borrow and work out the repayments at the current personal loan interest rate.
Estimate my borrowing calculator

Help me choose

Use our personal loan selector tool to choose between Variable, Fixed Rate or Secured.
Use personal loan selector tool

Repayments calculator

Understand what your repayments will be. Adjust the term and the amount to meet your budget.
Calculate repayments

Cost of running an EV

Want to better understand the costs of EV ownership?
Compare EV running cost

Frequently asked questions

Need help and support on CommBank Car Financing?

Message us in the CommBank app to get instant help from our virtual assistant.