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Includes 0.15% p.a. discount with no establishment fee or monthly loan service fees. Minimum package lending balance from $150,000.# Comparison rate warning.
Lock in a great rate so you know what your repayments will be for up to 5 years.
Lock in our fixed rate with the rate lock feature at a fee of $750. Conditions apply. (Rate lock is an optional feature that protects you against rate rises before your loan is funded~)
Enjoy the flexibility of a split home loan – how you choose to split it is up to you.
Enjoy discounts on eligible home loans and annual fee waiver on one eligible credit card per package.
Choose to pay Principal and Interest weekly, fortnightly or monthly. Or Interest Only1 monthly.
Additional repayments can be made up to $10,000 in a fixed year without incurring additional charges.
The cashback is available on the following loans:
Apply by 31 December 2022 and have your loan funded by 31 March 2023. Minimum refinance amount $250,000. Not available for Bridging Loans. Limit of one $2,000 cashback per borrowing entity and per customer over a 12 month period.
You may be able to buy your first home sooner with as little as a 5% deposit thanks to the Home Guarantee Scheme, designed to help more first home buyers realise their home ownership goals.
Lenders’ Mortgage Insurance allows you to purchase a property with a smaller deposit so you can own your home sooner.
A family member can help you secure a home loan by mortgaging their own property as additional security.
Get the finance you need to buy a new property before you’ve settled on the sale of your existing one.
You can also split your home loan and enjoy the best of fixed and variable.
Get instant answers from our virtual assistant, or connect to a specialist to discuss your options. Make sure you have notifications for the CommBank app turned on.
Book instantly to speak to a Home Loan Specialist about a new loan at a time that suits you.
Redraw, change your repayments or loan type to better meet your needs and more.
Fast-track your call, see expected wait times and connect with a specialist in the CommBank app.
Get instant help from our virtual assistant or chat to a specialist.
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.
^ 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.
Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are included in the Loan Offer. Other fees and charges are payable.
~ We charge the rate lock fee at the time your home loan account is set up or when we process your request (if requested after). It is therefore important that you have sufficient funds in your nominated account. 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 from when we receive your completed rate lock form and will end 90 days after we process your request. Rate lock is 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 non-refundable 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.
# 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.
* Offer available on eligible home loans funded on and from 1 January 2020 (except for Owner Occupied Interest Only home loans, which are eligible if funded on and from 7 April 2020), where at least $250,000 has been refinanced from a financial institution other than Commonwealth Bank or Bankwest. Viridian lines of credit may be eligible as part of a multiple loan facility application if the total minimum refinance amount of $250,000 or more is met. Limit of one $2,000 cashback per borrowing entity (e.g. individual, joint borrowers, company) and per customer over a 12 month period. Limit of one $2,000 cashback per joint application. Where one of the joint applicants has received a cashback in the last 12 months, that customer will not qualify for the offer. Where all applicants have received a cashback in the past 12 months, the joint loan will not be eligible for the cashback. This offer cannot be combined with a Wealth Package fee waiver. Cashback will be credited to a Commonwealth Bank transaction account linked to the loan or the borrower/s within 90 days of loan funding (this could be a joint account with an unrelated party). We reserve the right to terminate the offer at any time. Applications subject to credit approval. Fees and charges may be payable. Full terms and conditions will be included in our loan offer.
** 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.
The target market for this product will be found within the product’s Target Market Determination, available here.