We've expanded support for eligible home loan customers who have been financially impacted by increased lockdown restrictions.

Save with our low 1 Year Fixed Rate home loan (Owner Occupied) with our Wealth Package

1.99 % PA
Principal and Interest rate
4.10 % PA
Comparison rate*

Includes 0.15% p.a. discount with no establishment fee or monthly loan service fees. Minimum package lending balance from $150,000.1 Comparison rate warning.

For a limited time only, lock in our low fixed rate with the rate lock feature at the reduced fee of $375. Conditions apply. (Rate lock is an optional feature that protects you against rate rises before your loan is funded~ – learn more about rate lock.)

More about fixed rates

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$2,000 cashback when you switch your home loan to us

Apply by 31 December 2021 and have your loan funded by 31 March 2022. Minimum refinance amount $250,000. Not available for Bridging Loans.

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Choose a home loan that’s right for you

My loan is for

I'll be borrowing

$10,000 minimum loan amount

Fixed Rate

Always know what your repayments will be with a locked-in rate for 1 year.3 Tell me more

Always know what your repayments will be with a locked-in rate for 2 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 3 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 4 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 5 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 1 year.3 Tell me more

Always know what your repayments will be with a locked-in rate for 2 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 3 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 4 years.3 Tell me more

Always know what your repayments will be with a locked-in rate for 5 years.3 Tell me more

Interest Rate % p.a.

Comparison Rate*

% p.a.

Repayments

Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

Once #_KEY_IO_YEARS_DROPDOWN_# interest only period ends, repayments will be $#_KEY_REPAYMENT_IO_# based on current rates - which may change.

Wealth Package rates require a minimum initial package lending balance of $150,000. 

Update your borrowing amount to see the rates or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

Wealth Package rates require a minimum initial package lending balance of $150,000. 

Update your borrowing amount to see the rates or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

Wealth Package rates require a minimum initial package lending balance of $150,000. 

Update your borrowing amount to see the rates or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

Wealth Package rates require a minimum initial package lending balance of $150,000. 

Update your borrowing amount to see the rates or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

Wealth Package rates require a minimum initial package lending balance of $150,000. 

Update your borrowing amount to see the rates or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

-

To be eligible for a home loan you will need a borrowing amount of at least $10,000.
Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

-

To be eligible for a home loan you will need a borrowing amount of at least $10,000.
Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

-

To be eligible for a home loan you will need a borrowing amount of at least $10,000.
Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

-

To be eligible for a home loan you will need a borrowing amount of at least $10,000.
Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

-

To be eligible for a home loan you will need a borrowing amount of at least $10,000.
Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

What you’ll get

  • Wealth Package savings including an interest rate discount
  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if additional repayments are over $10k in a fixed year,  switching or breaking your loan during fixed term
  • Additional fees may apply

What you’ll get

  • Wealth Package savings including an interest rate discount
  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if additional repayments are over $10k in a fixed year,  switching or breaking your loan during fixed term
  • Additional fees may apply

What you'll get

  • Wealth Package savings including an interest rate discount
  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if additional repayments are over $10k in a fixed year,  switching or breaking your loan during fixed term
  • Additional fees may apply

What you'll get

  • Wealth Package savings including an interest rate discount
  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if additional repayments are over $10k in a fixed year,  switching or breaking your loan during fixed term
  • Additional fees may apply

What you'll get

  • Wealth Package savings including an interest rate discount
  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if additional repayments are over $10k in a fixed year,  switching or breaking your loan during fixed term
  • Additional fees may apply

What you'll get

  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan(ERA may apply)

Trade-offs

  • No Wealth Package savings or interest rate discounts
  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if  switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No Wealth Package savings or interest rate discounts
  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if  switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No Wealth Package savings or interest rate discounts
  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if  switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No Wealth Package savings or interest rate discounts
  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if  switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Protected from interest rate rises during fixed term
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs

  • No Wealth Package savings or interest rate discounts
  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service Fee
  • $375 fee applies if you rate lock (normally $750)~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if  switching or breaking your loan
  • Additional fees may apply

Extra Home Loan

A basic loan with a low variable rate for the life of your loan.2 Tell me more

Interest Rate

% p.a.

Comparison Rate*

% p.a.

Repayments

Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

Once #_KEY_IO_YEARS_DROPDOWN_# interest only period ends, repayments will be $#_KEY_REPAYMENT_IO_# based on current rates - which may change.

The minimum loan amount for an Extra Home Loan with an introductory period (2 year or 4 year) is $150,000. 

Update your borrowing amount or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

What you'll get

  • Low variable interest rate for the life of the loan
  • Unlimited additional repayments
  • Unlimited redraws
  • Option to split loan

Trade-offs

  • Does not provide access to an Everyday Offset account or a Wealth Package
  • Repayment amounts vary when interest rates change
  • Not available to company or trust borrowers

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • Additional fees may apply

Standard Variable Rate

A variable rate home loan with an extensive range of features. Tell me more

A variable rate home loan with an extensive range of features. Tell me more.

Interest Rate % p.a.

Comparison Rate*

% p.a.

Repayments

Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

Once #_KEY_IO_YEARS_DROPDOWN_# interest only period ends, repayments will be $#_KEY_REPAYMENT_IO_# based on current rates - which may change.

Wealth Package rates require a minimum initial package lending balance of $150,000. 

Update your borrowing amount to see the rates or choose another option in the drop down.

If you already have a home loan with us please talk to your Home Lending Specialists about your options.

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Update your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

-

To be eligible for a home loan you will need a borrowing amount of at least $10,000.

Change your borrowing amount.

If you already have a home loan with us, talk to your Home Lending Specialist about your options.

What you'll get

Trade-offs

  • A higher interest rate compared to the Extra home loan (although the Extra home loan does not provide access to an Everyday Offset account or a Wealth Package)**
  • Repayment amounts vary when interest rates change

Fees

What you'll get

Trade-offs

  • No Wealth Package savings or interest rate discounts
  • A higher interest rate compared to the Extra home loan (although the Extra home loan does not provide access to an Everyday Offset account or a Wealth Package)
  • Repayment amounts vary when interest rates change

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • Additional fees may apply

Start your home buying journey with us today

Book time with a lender instantly

Get the most from your home loan application process and book time with a Home Lending Specialist at a time and place that suits you.

Book now

Apply for a home loan or conditional pre-approval

Start your home loan application online and get a conditional decision in just 15 minutes.

Apply online

Get the home loans Key Facts Sheet

To generate a Key Facts Sheet for our home loans, please visit our Repayments Calculator.

Get Key Facts Sheet

Why choose CommBank?

Tailored rates

An interest rate tailored for you – giving you the best deal for your situation. 

Special discounts

Enjoy special discounts on both your home loan and credit card with Wealth Package.4

Flexible loan features

Tailor your home loan to suit your needs and be ready for whatever life brings, with features like multiple free offset accountsredrawsplit loanstop-upsflexible repayments and repayment holidays.

Property data & insights

  • Free and individually customised reports for your target property or suburb. 
  • Explore the market with Property Search powered by Domain.

Dedicated Home Lending Specialists

  • Make confident decisions with specialists who partner with you at every step of your home buying journey and for the life of your loan.
  • Book an appointment at a time and place that suits you.

Award-winning^ digital technology

CommBank My Property gives you the flexibility to access, track and manage your home loan and property performance in NetBank and in the CommBank app.

See all home loan interest rates

CommBank Green Loan

The CommBank Green Loan is a 10-year secured fixed rate loan designed for existing, eligible home loan customers to buy and install clean energy products such as solar panels, battery packs and solar hot water systems.

Read more about CommBank Green Loan

woman and son looking at plants

Home loan support

See what options are available to home loan customers needing financial assistance.

More on home loan support

Things you should know

1 Package requires at least $150,000 in package lending balance, and an annual fee of $395 applies. 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.

2 As at 25 September 2020 the Extra Home Loan variable reference rate for Owner Occupied home loans is 3.78% p.a. (principal and interest) and the Extra Home Loan variable reference rate for Investment home loans is 4.13% p.a. (principal and interest).

3 At the end of the fixed rate period, the interest rate converts to the applicable Standard Variable Rate relevant to your loan purpose and repayment type at that time, less any applicable package discount specified in your Loan Contract.

4  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. 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. 
The primary credit card holder must be the same as the package holder for this benefit to apply.

^ CommBank My Property won the 2019 ABA Winner for New Product Innovation in The Australian Brand Awards 2019.

# You can choose to pay Principal and Interest weekly, fortnightly, or monthly. Only monthly payments are available for Interest Only. 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, so long as there is at least 5 years remaining on the Contracted Loan Term. We have different rates that apply, depending on whether you are making Interest Only payments or Principal and Interest repayments. During an Interest Only period, your Interest Only payments won't reduce your loan balance unless you choose to make additional repayments. At the end of an Interest Only period, your repayments will increase to cover Principal and Interest components. 

Information provided (including interest rates) are subject to change.

Calculations are estimates provided as a guide only. 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.

We have different rates that apply, depending on whether you are making interest only payments or principal and interest repayments.  During an interest only period, your interest only payments won't reduce your loan balance. At the end of an interest only period, your repayments will increase to cover principal and interest components.

* 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 Interest Only loans are based on an initial Interest Only period equal in length to the fixed 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.

~ We’re reducing the rate lock fee to $375 (normally $750) from 5 July 2021 to 31 January 2022. The rate lock feature only applies to Fixed Rate home loan and Fixed Rate Investment home loan applications (including Interest in Advance). Rate lock does not apply to Home Seekers, switching, splitting, top-ups or repayment changes.
Rate lock allows you to lock in the interest rates for a period of 90 days effective from the date we process your request. Rate lock fee only available on 1-5 year periods. Applies to each Fixed Rate loan that has selected the rate lock feature. Rate lock is only available at application and a fee applies. At the end of the fixed rate period, the interest rate converts to the applicable Standard Variable Rate relevant to your loan purpose and repayment type at that time, less any applicable package discount specified in your Loan Contract.

** This interest rate comparison does not consider special discounts that apply for Wealth Package holders.

Calculations are not a loan approval. 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.