CommBank announces a change to interest rates effective 23 July 2019

Featured rate (for new borrowings)

3.54 % PA
Variable interest rate (with discount margin offer)
3.55 % PA
Comparison rate

Get a discount for the life of your loan

For new borrowings with a Loan to Value ratio of 70% or less. The rates shown are for Principal and Interest repayments (owner occupied) with current discount margin offer. Product discount margin on Extra Home Loans may vary from time to time and is determined by CommBank based on campaign offers at time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning

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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

Extra Home Loan

Get a low variable rate for the life of the loan.2 Tell me more

A lower variable rate for a 2-year introductory period changing to a higher ongoing variable rate after this.1 Tell me more.

For first home buyers - a lower variable rate for a 4-year introductory period, changing to a higher ongoing variable rate after this.1 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.

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.

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 interest rate for the life of the loan
  • Unlimited additional repayments
  • Access to a redraw facility
  • Access features like top ups

Fees

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

What you'll get

  • Low 2-year introductory rate
  • Unlimited free additional repayments
  • Access to a redraw facility
  • Access more features like top-ups

Fees

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

What you'll get

  • Low 4 year introductory rate
  • Unlimited additional repayments
  • Access to a redraw facility
  • Access features like top ups   

Fees

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

Fixed Rate

Always know what your repayments will be with a locked-in rate for 1 year.2 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.2 Tell me more

Always know what your repayments will be with a locked-in rate for 4 years.2 Tell me more

Always know what your repayments will be with a locked-in rate for 5 years.2 Tell me more

Always know what your repayments will be with a locked-in rate for 1 year.2 Tell me more

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

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

Always know what your repayments will be with a locked-in rate for 4 years.2 Tell me more

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

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
  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k a year in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $750 fee applies if you rate lock 
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you’ll get

  • Wealth Package savings including an interest rate discount
  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k a year in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $750 fee applies if you rate lock
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Wealth Package savings including an interest rate discount
  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k a year in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $750 fee applies if you rate lock 
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Wealth Package savings including an interest rate discount
  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k a year in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $750 fee applies if you rate lock 
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Wealth Package savings including an interest rate discount
  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k a year in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

    

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $750 fee applies if you rate lock 
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $750 fee applies if you rate lock 
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $750 fee applies if you rate lock
  • Fees apply if  switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $750 fee applies if you rate lock
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $750 fee applies if you rate lock
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

What you'll get

  • Lock in your interest rate
  • Protected from interest rate rises during fixed term
  • Repayment amount certainty
  • Additional repayments up to $10k in a fixed year without incurring an Early Repayment Adjustment and Administrative Fee
  • Option to split loan

Fees

  • $#_KEY_ESTALISHMENT_FEE_# Establishment fee
  • $#_KEY_ONGOING_FEE_# monthly Loan Service Fee
  • $750 fee applies if you rate lock 
  • Fees apply if switching or breaking your loan
  • Additional fees may apply

Standard Variable Rate

Get the flexibility you want with the features and benefits you need. Tell me more

Get the flexibility you want with the features and benefits you need. 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

Fees

What you'll get

Fees

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

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

Apply by 7 October 2019 and fund by 9 December 2019. Minimum refinance amount $250,000. This offer is not available for Bridging Loans and Owner Occupied home loans with interest only payments.

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Couple reviewing home loan details

Book a time with a Home Lending Specialist, instantly

Other home loans

Viridian Line of Credit

Use the equity in your home to build your wealth, renovate, or even take a holiday.

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Compare home loans & view rates

Benefits

Get a discount on your home loan

Take advantage of special discounts on loans and credit cards.

See how

Flexible home loan options

We’ve got flexible home loan options to suit your changing lifestyle.

Compare our home loans

Buy with confidence

Get guidance from start to finish on your home buying journey with the support of one of our expert lenders.

Take an expert with you

Choice of repayments

Choose to pay Principal and Interest weekly, fortnightly or monthly. Or Interest Only# monthly.

Is Interest Only right for you?

Package your loan

Get a discounted rate and save on fees with a Home Loan Package

Enjoy special discounts on selected loans and credit cards with our Wealth Package.4

  • $395 annual package fee
  • $0 upfront home loan establishment fee
  • $0 monthly home loan service fee
  • Save up to 0.70% p.a. on Standard Variable Rates and Viridian Line of Credit
  • Save 0.15% p.a. on Fixed Rates

Available on a range of fixed and standard variable rate home loans and lines of credit. Requires an initial package lending balance of at least $150,000 with us.

Tell me more

Add-ons

Interest offset

Offset the funds in your linked accounts against the balance of your home loan, to potentially save thousands in interest and cut years off the term of your home loan.

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Credit card with no annual fee

With the Wealth Package4, you could save up to $349 per year by paying no annual fee for the Diamond Awards Credit Card.

No Wealth Package? You’ll pay no annual fee for the first year if you apply for a credit card and home loan at the same time.5

Tell me more

Home loan calculators

How much can I borrow?

Use your income and expenses to estimate how much you may be able to borrow for a home loan.

Calculate

Home loan repayments calculator

Work out how much your home loan repayments might be.

Calculate

Stamp duty calculator

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

Calculate

Manage your home loan

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 June 2019 the Extra Home Loan variable reference rate for Owner Occupied home loans is 4.35% p.a. (principal and interest) and the Extra Home Loan variable reference rate for Investment home loans is 4.70% 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. Customers with Low Documentation loans are not eligible to apply for Wealth Package.

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

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 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 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.