Features & benefits

  • Save on fees

    • $0 establishment fee
    • $0 monthly loan service fee
  • Flexibility

  • Buy with confidence

    Our Home Lending Specialists can guide you on your home buying journey.

  • Trade-offs

    • Does not provide access to an Everyday Offset account or a Wealth Package.
    • Not protected from interest rate increases.
    • Not available to company or trust borrowers.

Book a time with a Home Lending Specialist

Life of loan discount (for new borrowings)

Save on interest for the life of the loan. The product discount margin will vary depending on the Loan to Value Ratio (LVR)

Interest Only payments available for up to 5 years for Owner Occupied Home Loans and up to 10 years for Investment Home Loans1.

Download the Extra Home Loan fact sheet (PDF)

Owner Occupied interest rates

Compare home loans
   
Variable interest rate
Comparison rate
Loan to Value ratio 60% or below (with discount margin offer)
6.59% p.a.
6.60% p.a.
Loan to Value of 60.01% to 70% (with discount margin offer)
6.69% p.a.
6.70% p.a.
Loan to Value ratio of 70.01% to 80% (with discount margin offer)
6.79% p.a.
6.80% p.a.
Loan to Value of 80.01% to 90% (with discount margin offer)
7.14% p.a.
7.15% p.a.
Loan to Value ratio of 90.01% to 95% (with discount margin offer)
7.84% p.a.
7.86% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

See all home loan interest rates

Investment interest rates

Compare home loans
   
Variable interest rate
Comparison rate
Loan to Value ratio 60% or below (with discount margin offer)
6.70% p.a.
6.71% p.a.
Loan to Value of 60.01% to 70% (with discount margin offer)
6.75% p.a.
6.76% p.a.
Loan to Value ratio of 70.01% to 80% (with discount margin offer)
6.89% p.a.
6.90% p.a.
Loan to Value ratio of 80.01% to 90% (with discount margin offer)
7.64% p.a.
7.66% p.a.
Loan to Value ratio of 90.01% to 95% (with discount margin offer)
7.94% p.a.
7.96% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

See all home loan interest rates

Compare home loans

Looking for comprehensive protection for you and your home?

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Things you should know

  • 1 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.

    2 Rate/s apply to new lending only and may include a margin below or above the applicable reference rate. The current reference rates including for Interest Only payments can be found here.

    3 Only available for first home buyers in Australia where none of the applicants have previously owned or currently hold an interest in a property anywhere in Australia.

    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. 

    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).

    Excludes non-Commonwealth Bank ATMs here and overseas, transfer group payments to third parties, International Money Transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks.

    The target market for this product will be found within the product’s Target Market Determination, available here.

    Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Fees and charges are payable.