Features & benefits

  • Certainty

    Lock in a great rate so you know what your repayments will be for up to 5 years.

  • Rate Lock

    Lock in the fixed reference interest 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~)

    Learn more about Rate Lock

  • Split your loan

    Enjoy the flexibility of a split home loan – how you choose to split it is up to you.

    More about splitting

  • Wealth Package

    Enjoy discounts on eligible home loans and a fee waiver on one eligible credit card per package.

    Tell me about Wealth Package

  • Choice of repayments

    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.

    Is Interest Only right for you?

  • Trade-offs

    • An Early Repayment Adjustment may apply if you break your fixed term early. 
    • Does not provide access to an Everyday Offset account or redraw.

Book a time with a Home Lending Specialist

Partnerships & offers

As a CommBank customer, you can benefit from exclusive offers via our partnerships. Save on property management and utilities for your home, and get access to Home-in, helping you to simplify your property purchase and save on conveyancing.

Tell me more about partnerships

Rates & fees~

  • At the end of the fixed rate period, the loan converts to the Standard Variable Rate relevant to your loan purpose and repayment type at that time, or you can choose a new fixed rate period
  • $750 fee applies if you Rate Lock~ – learn more about Rate Lock
  • $600 upfront establishment fee ($0 with Wealth Package)
  • $8 monthly loan service fee ($0 with Wealth Package)
  • 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 Fixed Rate fact sheet (PDF)

Download the Early Repayment Adjustment guide (PDF)

Download the Rate Lock Form (PDF)

Owner Occupied

Compare home loans
Term
Interest rate
Comparison rate
1 year fixed rate
6.74% p.a.
8.71% p.a.
1 year fixed rate (with Wealth Package)
6.59% p.a.
8.29% p.a.
2 year fixed rate
6.99% p.a.
8.55% p.a.
2 year fixed rate (with Wealth Package)
6.84% p.a.
8.19% p.a.
3 year fixed rate
6.74% p.a.
8.31% p.a.
3 year fixed rate (with Wealth Package)
6.59% p.a.
8.00% p.a.
4 year fixed rate
6.84% p.a.
8.18% p.a.
4 year fixed rate (with Wealth Package)
6.69% p.a.
7.92% p.a.
5 year fixed rate
6.84% p.a.
8.04% p.a.
5 year fixed rate (with Wealth Package)
6.69% p.a.
7.82% p.a.

The rates shown are interest rates for Principal and Interest repayments.**

Wealth Package requires a minimum package lending balance of at least $150,000.#

Comparison rate warning

See all home loan interest rates

Investment

Compare home loans
Term
Interest rate
Comparison rate
1 year fixed rate
6.79% p.a.
9.22% p.a.
1 year fixed rate (with Wealth Package)
6.64% p.a.
8.80% p.a.
2 year fixed rate
7.04% p.a.
9.01% p.a.
2 year fixed rate (with Wealth Package)
6.89% p.a
8.65% p.a.
3 year fixed rate
6.79% p.a.
8.72% p.a.
3 year fixed rate (with Wealth Package)
6.64% p.a.
8.41% p.a.
4 year fixed rate
6.94% p.a.
8.56% p.a.
4 year fixed rate (with Wealth Package)
6.79% p.a.
8.30% p.a.
5 year fixed rate
6.94% p.a.
8.38% p.a.
5 year fixed rate (with Wealth Package)
6.79% p.a.
8.16% p.a.

The rates shown are interest rates for Principal and Interest repayments.**

Wealth Package requires a minimum package lending balance of at least $150,000.#

Comparison rate warning

See all home loan interest rates

Compare home loans

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 of a home loan, conditional pre-approval or refinance

    Start your home loan or refinance application online and if eligible receive a conditional approval in minutes.

    Apply online

Borrowing options

  • Home Guarantee Scheme

    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.

    Discover the Scheme

  • Lenders’ Mortgage Insurance

    Lenders’ Mortgage Insurance allows you to purchase a property with a smaller deposit so you can own your home sooner.

    Tell me more about LMI

  • Guarantor support

    A family member can help you secure a home loan by mortgaging their own property as additional security.

    Tell me about guarantor support

  • Bridging finance

    Get the finance you need to buy a new property before you’ve settled on the sale of your existing one.

    Show me how

Already have a home loan with us?

  • You can switch or refix your existing home loan online (for eligible loans)

    • To switch in NetBank, go to 'Settings' and then select 'Change to fixed rate / refix home loan'. 
    • In the CommBank app, go to your home loan, tap ‘Manage loan’ then select ‘Change your loan’

    Some home loan types can’t be changed in NetBank, such as Interest Only. Call 13 2224 for any changes to your loan that you can’t make in NetBank.

    Change in NetBank

    Check your home loan

  • Split your loan

    You can also split your home loan and enjoy the best of fixed and variable.

    More about splitting your home loan

    Split in NetBank

    Contact us for more info

Looking for comprehensive protection for you and your home?

Message us in the CommBank app

Get instant answers from Ceba our virtual assistant, or connect with a specialist who can message you back. You’ll need notifications for the CommBank app turned on so you know when you’ve received a reply.

Message us

 

How to message us

Get help

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.

    ^ 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 when we process your request. It is therefore important that you have sufficient funds in your nominated account. The Rate Lock feature only applies to new Fixed Rate home loan and Fixed Rate Investment home loan applications. Rate Lock does not apply to Home Seekers, switching, splitting, top-ups, loan purpose transfers or repayment changes.

    Rate Lock is an optional feature that allows you to lock in your reference interest rate for 90 days for a non-refundable fee. We lock in the reference interest rate applicable on the day we receive your completed Rate Lock request form.

    The Rate Lock Fee will be charged to your home loan when the Rate Lock request is processed and this is when the Rate Lock period begins.

    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 can be requested up until funding 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.

    ** 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.