Why choose CommBank?

Dedicated specialised support

A Home Lending Specialist will guide you through every step of the process

Flexible appointments

Book an appointment at a time and place that suits you, whether that's on a call or in person

Simple verification

You may be eligible for income verification with less documentation

What to expect

When you book an appointment with a Home Lending Specialist you can pick a time that suits you. And in most cases, one of our Mobile Lenders can meet you wherever you are—on site, in the warehouse, on the road or even in a cafe. We'll get to know you and your business to help you find the best funding solution for your situation.

In your appointment, we'll walk you through everything you need to know, such as:

  • How our new simplified verification process works and if you're eligible
  • Any key documentation you'll need
  • Things to look out for
  • Benefits you might be eligible for

Once you've applied, we'll keep you up to date on the status of your application until settlement day.

If you’re self-employed and pay yourself a regular salary from your business, you may be eligible for simple verification. For more information, check our FAQs below.

Two women smiling in their home

Frequently asked questions

If you’re self-employed and pay yourself a regular salary from your business, you may be eligible for a simplified income verification process without having to provide your company and/or personal financials (which you may have previously had to do). 

For simple verification, you may use one of the following options:

  • Most recent Personal Tax Return and Notice of Assessment (NOA) or
  • Six months' salary credits to an account; or
  • One payslip showing > six months YTD income; or
  • One payslip showing < six months YTD income and most recent financials year PAYG Payment Summary/'Tax ready' Income Statement or Tax Return; 

Along with one of the above, you must also include one of the below:

  • A letter from your accountant (on their company letterhead) advising that:
    • Your business has sufficient profits to meet the business commitments and
    • The business has traded profitably for the last two years
  • Where financials are provided, accountant's letter will not be required. However, the financials must include evidence of the last two years' profit and loss and show a profit for each year.

Speak to a Home Lending Specialist if you have questions about the application process.

If you’re self-employed and not eligible for simple income verification, you'll need to provide some additional documentation, such as:

  • Standard ID
  • Personal tax returns from the two most recent years and your most recent ATO Notice of Assessment, or a letter from your accountant confirming that tax returns are final and have been lodged with the ATO
  • Business tax returns from the most recent year
  • Most recent business financial statements, showing the last two consecutive years’ profit and loss information

This list is a general guide and you should speak to a Home Lending Specialist to confirm the specific documents required.

We understand that circumstances can change in your business (e.g. Covid impacts over the last 2 years), which is why we offer a number of flexible options to understand your usual business performance, including the consideration of one year’s worth of financial statements. Speak to a Home Lending Specialist to confirm how this may impact your application.

Get started

A competitive variable rate with discounts tailored to you

  • 6.49 % PA
    Interest rate*
  • 6.87 % PA
    Comparison rate**
  • Get access to offsets and an extensive range of features

    * Standard Variable interest rate (Owner Occupied) for new borrowings with a Loan to Value ratio of 60% or below with Wealth Package#. Product discount margin on Standard Variable Rate loans may vary from time to time and is determined by CommBank based on the highest product discount margin on campaign offers between application assessment and time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning

    More about Standard Variable Rate

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Tools & support

How to refinance your home loan if you're a small business owner

Self employed or running a small business? Check out these six steps to help you refinance you home loan.

Things you should know

  • # To apply for a Wealth Package, you must have an eligible home loan or line of credit with an initial package lending balance of at least $150,000 at the time of your application. 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 include: Standard Variable Rate home loan, Fixed Rate home loans and Viridian Line of Credit. A non-refundable annual fee of $395 is payable in advance. The package can be established in the name of one or two individual’s name/s, or in the name of a corporate entity. It cannot be established in the name of a business or family investment trust. Please refer to the Wealth Package Fact Sheet and Package Terms and Conditions for full details.

    * The rates shown are interest rates for new borrowings with 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.

    Calculations are estimates provided as a guide only and are not a loan approval. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan. Interest rates referenced are current rates and may change at any time. Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). Lenders' Mortgage Insurance or a Low Deposit Premium may apply to your loan depending on the size of your deposit, security, applicant and loan attributes. This is a one-off cost and will be added to the loan amount. Any of these additional amounts will increase repayments under the loan.

    Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. You should also read our Financial Services Guide.