Featured rate

3.84 % PA
Variable interest rate
4.39 % PA
Comparison rate

Enjoy a discount on the variable 2 year introductory rate on our Extra Home Loan (owner occupied).1

Get a discount of 0.76% p.a. on principal and interest repayments for the first 2 years. After 2 years, a reduced discount applies for the life of the loan. Minimum loan amount of $150,000. Comparison rate warning

Features & benefits

Low rate

Get a discounted interest rate.

Save on fees

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

Redraw flexibility

Access to additional repayments you’ve made without a fee.

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2 year introductory rate

For a limited time you can enjoy a discount on the 2 year introductory rate on the Extra Home Loan. After the 2 year introductory period, you’ll get a discounted variable rate for the life of the loan. 

  • 0.76% p.a. discount for 2 years for owner occupiers
  • 0.81% p.a. discount for 2 years for investors
  • Minimum loan amount of $150,000

Download the Extra Home Loan fact sheet (PDF)

Owner occupied interest rates

   
Interest rate
Comparison rate
Introductory rate
3.84% p.a.
4.39% p.a.
Ongoing rate
4.50% p.a.
4.39% p.a.

The rates shown are for principal and interest repayments.2

Comparison rate warning

Investment interest rates

   
Interest rate
Comparison rate
Introductory rate
4.14% p.a.
4.73% p.a.
Ongoing rate
4.85% p.a.
4.73% p.a.

The rates shown are for principal and interest repayments.2

Comparison rate warning

4 year introductory discount (for first home buyers)

After the 4 year introductory period, you’ll get a discounted variable rate for the life of the loan.

  • 0.76% p.a. discount for 4 years for owner occupiers
  • 0.81% p.a. discount for 4 years for investors
  • Only available for first home buyers in Australia.1

Download the Extra Home Loan fact sheet (PDF)

Owner occupied interest rates

   
Interest rate
Comparison rate
Introductory rate
3.84% p.a.
4.29% p.a.
Ongoing rate
4.50% p.a.
4.32% p.a.

The rates shown are for principal and interest repayments.2

Comparison rate warning

Investment interest rates

     
Interest rate
Comparison rate
Introductory rate
4.14% p.a.
4.62% p.a.
Ongoing rate
4.85% p.a.
4.69% p.a.

The rates shown are for principal and interest repayments.2

Comparison rate warning

Life of Loan discount

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

Download the Extra Home Loan fact sheet (PDF)

Owner occupied interest rates

   
Interest rate
Comparison rate
Loan to Value ratio 70% or less
3.79% p.a.
3.80% p.a.
Loan to Value ratio of 70.01% or more
3.89% p.a.
3.90% p.a.

The rates shown are for principal and interest repayments.2

Comparison rate warning

Investment interest rates

   
Interest rate
Comparison rate
Loan to Value ratio 70% or less
4.09% p.a.
4.10% p.a.
Loan to Value ratio of 70.01% or more
4.24% p.a.
4.25% p.a.

The rates shown are for principal and interest repayments.2

Comparison rate warning

Home. Made with $2,000 cashback for refinancers.

Apply by 30 November 2018, fund by 31 January 2019. $250,000 minimum refinance. Not available for Bridging Loans & owner occupied loans with interest only payments.

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Things you should know

1 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.

Extra Home Loan – introductory rate provides a discounted margin off the Extra Home Loan reference rate available at the time loan documents are issued. At the end of the Introductory rate period, a reduced discount applies for the remaining life of the loan which will result in the Interest Rate and repayments increasing at that time. As at 23 October 2018 Extra Home Loan reference rate for Owner Occupied home loans is 4.60% p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.95% p.a. 

2 The rates shown are interest rates for 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: 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.

Interest only payments can only be made monthly. 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, as long as there is a minimum of five years remaining on the Contracted Loan Term.

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.

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.