Complete flexibility
With our full range of features, you could take out a split loan, make unlimited additional repayments and redraws and make interest only payments.1
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CloseBenefits of a Standard Variable Rate Home Loan
Interest offset
Deposit your funds into your offset facility, which may help you save interest and gives you easy access to your money.*
Top up
Increase your existing home loan by as little as $10,000, so you can have access to additional funds when you need them.
Our featured rates
Standard Variable Rate
(owner occupied)
Interest rate8.80%PA
Comparison Rate8.94%PA
Standard Variable Rate
(investment)
Interest rate9.13%PA
Comparison Rate9.27%PA
The rates shown above are interest rates for Principal and Interest repayments.**
View all our Standard Variable RatesEnjoy special discounts on loans, credit cards, everyday banking and insurance with our Wealth Package.
- $395 annual package fee
- Save up to 0.70% p.a. on the Standard Variable Rate
- $600 establishment fee waived3
- $8 monthly loan service fee waived
Available on a range of fixed and standard variable rate home loans and Lines of Credit. Requires a package lending balance of at least $150,000 with us.#
Interest rates and fees
Our Standard Variable Rate offers a competitive rate and choice of flexible features tailored to your changing needs. Standard Variable Rate home loan interest rates and fees vary depending on whether or not you choose our Wealth Package. The rates shown are interest rates for Principal and Interest repayments.**
|
|
Interest rate |
Comparison rate |
|---|---|---|
|
Standard Variable Rate (owner occupied) |
8.80 % p.a. |
8.94 % p.a. |
|
Standard Variable Rate (investment) |
9.13 % p.a. |
9.27 % p.a. |
- Save up to 0.70% p.a. on standard variable rates
- $0 upfront establishment fee (usually $600)
- $0 monthly loan service fee (usually $8)
Why choose CommBank?
Tailored rates
Get a loan and interest rate tailored for you, bringing you the best deal for your situation.
Expert lending support
Make confident decisions, with specialists who partner with you at every step.
Anywhere, anytime convenience
Manage your home loan and banking 24/7 with our CommBank app, NetBank or over the phone.
Borrowing options
Things you should know
1. Interest only payments can only be made monthly. The maximum interest only payment period over the life of a loan is 10 years for Investment Home Loans and 5 years for owner-occupied Home Loans, as long as there is a minimum of five years remaining on the Contracted Loan Term.
2. Minimum $1,000 withdrawal with a $0 Redraw fee over the counter at any Commonwealth Bank branch and no minimum electronically with a $0 Redraw fee. Redraw and Repayment Holiday are dependent on having the required amount available in special repayments (extra repayments).
3. The Bank will not charge any upfront establishment fees on Home Loans or Investment Home Loans under the Package.
* You can have unlimited Everyday Offset accounts linked to the one home loan but you can only have one MISA linked to the one home loan.
** The rates shown are interest rates for Principal and Interest repayments. For all our rates including interest rates for Interest Only payments view our Home Loan Interest Rates.
Comparison rate calculated on a $150,000 secured loan over a 25 year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
# 'Package lending balance' is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans are limited to those accounts that can be included in the Wealth Package. An annual fee and eligibility criteria applies to Wealth Package and terms and conditions are available on application.
Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Other fees and charges are payable.
