Extra Home Loan
(4 Year Introductory)
just for first home buyers1

3.79 % PA
Variable interest rate
4.17 % PA
Comparison rate

Low Rate

For an Owner-Occupied, Principal & Interest repayment home loan that includes a discount of 0.66% p.a. for the first four years. Minimum loan amount $150,000.

Tell me more

Low Fee

Enjoy no monthly fees and no establishment fee with our Extra Home Loan (4 Year Introductory Rate). 2

Call our Home Lending Specialists to discuss your needs.

13 2224, 8am - 8pm 7 days

Make an appointment

A dedicated specialist by your side

As your single point of contact, a dedicated CommBank Home Lending Specialist will be with you every step of the way, providing you with expert guidance and property insights. They can also:

  • Understand your circumstances and tailor solutions to your needs
  • Share valuable property, suburb and market insights to help guide you through your biggest financial decision
  • Help you save time and money by packaging your lending and banking solutions together with a Wealth Package3
  • A Mobile Lender can meet you at a time and place that suits you
  • Get you the best deal

Call our Home Lending Specialists to discuss your needs 13 2224, 8am - 8pm 7 days.

Make an appointment

Why choose CommBank?


Enjoy convenient, fee-free access to additional repayments you make through NetBank, CommBank app, phone banking, selected ATMs or by visiting us in a branch.

Anywhere, anytime convenience

Manage your home loan and banking 24/7, with our CommBank app, NetBank or over the phone.

Property search

Search for properties with our comprehensive search tool and get the CommBank market estimate for your favourite property.

Start your search

Home loan calculators & guidance

How much can I borrow?

Enter your income and expenses to get an estimate of how much you may be able to borrow for a home loan.

Use calculator

What would my repayments be?

Estimate what your future repayments would be based on how much you want to borrow and the term of the loan.

Use calculator

What upfront costs are involved?

Estimate the total cost of buying a property, including government costs, stamp duty and other costs.

Use calculator

Things you should know

1 Extra Home Loan (4 Year Introductory) is only available for first home buyers where none of the applicants has previously owned or currently holds an interest in property anywhere in Australia. 

2 The Extra Home Loan (4 Year Introductory) provides a discount margin off the Extra Home Loan Reference Rate at the time loan documents are issued. At the end of the 4 Year Introductory rate period, the discount will reduce to 0.10% p.a. for the life of the loan, which will result in the interest rate and repayments increasing at that time. As at 1 February 2018, the Extra Home Loan (4 Year Introductory) Reference Rate for Owner-Occupied Principal & Interest repayment home loans is 4.45% p.a. Different interest rate discounts apply for the Extra Home Loan - Life of Loan and Extra Home Loan (2 Year Introductory) discount options. Low Doc is not available. Switching from an existing CommBank Home Loan or switching from a home loan with another financial institution to the Extra Home Loan (4 Year Introductory) is not permitted.

3 To be eligible for Wealth Package, you must have a current home loan or line of credit with an initial ‘package lending balance’ of at least $150,000 when you apply for Wealth Package. Package lending balance is the sum of the account balance of 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. 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. Customers with Low Doc Loans are not eligible to apply for Wealth Package. An annual fee of $395 applies.

Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: This 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.

Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. 

Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.