Features

Home Loan pre-approval
Home Seeker offers 'in principle' approval which is valid for 12 months and lets you search for your home knowing your finance is in place.

Loan term
Once approved, you can set your loan up to suit your situation. Spread your loan out over up to 30 years to minimise your monthly repayments, or shorten the term and pay it off sooner.

Repayment frequency
Set your repayment frequency to best suit your income and other commitments. You can make your payments weekly, fortnightly or monthly.¹

Repayment method
Set and forget with automatic payments deducted when you wish from your Commonwealth Bank Debit MasterCard or Streamline account. Or if you prefer, pay online, over the phone or come in and see us.

Additional repayments
Regular additional payments can cut the term of your loan and save you thousands in interest. You can make additional payments whenever you have extra cash.

Repayment Redraw & Repayment Holiday
Repayment Redraw lets you access any extra repayments you have made. For unexpected bills or even a short break away, additional repayments you have made can be withdrawn at any time, giving you extra money when you need it² . You can also use these funds to take a Repayment Holiday.

Interest is calculated daily
We calculate interest on a daily basis, so you'll see immediate benefits from every repayment you make.

Save on bank fees with a Debit MasterCard or Streamline account
If your home loan is $50,000 or more you can make unlimited³ everyday Commonwealth Bank transactions without paying any withdrawal or monthly account fees. Our Debit MasterCard or Streamline account gives you everything you need in a day-to-day transaction account. You can also simplify your banking by having your salary credited directly into this account and your home loan repayments automatically debited.

Switch your loan
For extra flexibility you can swap to a Investment Home Loan with a fixed rate or a standard variable interest rate at any time (a switching fee applies).

Your loan is portable
When you move you can take your loan with you (conditions and fees apply).

Top-up your loan
Increase your existing loan based on your income, other commitments and the equity you have built up in your home.

Important information

• 1. Interest only payments can only be made monthly.
• 2. Minimum $2,000 withdrawal over the counter at any Commonwealth Bank branch and $500 electronically, both with a $50 redraw fee. Redraw and Repayment Holiday are not available on fixed rate or interest only loans and is dependent on having the required amount available in special repayments (extra repayments). Repayment Holidays are also not available Viridian Line of Credit, or where there is a second or subsequent mortgage to another financial institution ranking behind the Commonwealth Bank. Applications are subject to the Bank's approval.
• 3. Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS and Debit MasterCard transactions overseas or involving currency conversion, transfer group payments to third parties, International Money Transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Terms and conditions available on request.
• Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions will be included in the Bank’s loan offer. Fees and charges are payable. 
• View the User Terms & Conditions