Features & benefits

Extra funds at a lower rate

Topping up your home loan will typically cost less than taking out another type of loan because home loans generally offer lower interest rates than credit cards and personal loans. 

Access to your equity

The amount you can increase your loan will depend on how much equity is available in your property as well as your current financial situation.

Flexible loan use

If you’re looking to upgrade your car, renovate, plan a holiday or consolidate your debts, borrowing extra money on your home loan could be a good solution.

Only pay for what you use

You’ll only pay interest on the amount you use.

Easy to access 

Topping up your existing home loan means you don’t need to take out a separate loan, saving you time and paperwork. 

How it works

Eligibility

Talk with your Home Lending Specialist to find out how much you might be able to increase your home loan by and whether any charges or fees are associated with making this change. 

Top-ups are not available for CommBank customers with a fixed or guaranteed interest rate home loan, and are not available to be used for business purposes. 

Effect on repayments

Topping up your home loan means you’re taking on more debt and may increase your loan repayments.

Before increasing your loan, make sure you’re comfortable with any potential changes to your repayments.

It’s also important to understand that by using your loan top-up funds to make a purchase (e.g. a holiday or vehicle), the life of that purchase could be significantly shorter than your remaining home loan term. Be confident this is compatible with your financial goals.

Rates & fees

  • $300 upfront establishment fee ($0 with Wealth Package
  • Monthly loan service fees and interest rates for your existing home loan can be found in NetBank or the CommBank app 

Things you should know

We collect your personal information in order to process your application, and contact you regarding products and services that may be of interest to you. If you apply, we’ll also check your credit history. If you do not provide some or all of your personal information, we may not be able to process your application, and contact you about products or services that may be of interest to you.

Our Privacy Policy provides more information on how we handle your personal information, including which credit reporting bodies we use, and how you can access and correct your personal information and credit information. You can use the link to read the Policy or ask us to send you a copy.