Switch repayment type

  • Interest Only vs Principal & Interest

    • Principal and interest repayments reduce your home loan balance and cover the interest owed each repayment. However, your minimum monthly repayment amount will be higher compared with an Interest Only loan
    • Interest-only payments will mean lower minimum monthly repayment amounts, but you'll pay more interest over the life of your loan

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    Call 13 2224

  • Switch to a Principal & Interest home loan

    • To switch in NetBank, go to 'Settings' and then select 'Change home loan repayment type'.
    • To switch in the CommBank App, tap 'Accounts' then select your home loan. Tap 'Manage loan', then 'Repayments' and select 'Change to Principal & Interest'.

    Switch in NetBank

Change your loan type

  • Flexible home loan options

    If you need to change your home loan type to better meet your needs (from a fixed rate to variable interest rate, for example), we’re here to help. 

    We can tailor a home loan that's right for you, and provide the tools and insights to meet your needs. Call us on 13 2224.

    Compare home loans

    Call 13 2224

  • Switch to a Fixed Rate Loan in NetBank

    To switch in NetBank, go to 'Settings' and then select 'Change to fixed rate / refix home loan'. 

    Read the switching T&Cs

    Switch in NetBank

How to refix your home loan online

You can easily refix your existing home loan in NetBank and the Commbank App.

How to switch your home loan from variable to fixed online

You can easily switch your existing home loan from variable to fixed in NetBank and the Commbank App.

Split your existing home loan

  • What is a split home loan?

    A split home loan is when you divide your loan into multiple parts – meaning you could nominate a portion of the loan to have a fixed interest rate, and the remainder to have a variable interest rate. How you decide to nominate the split of your loan is up to you.

    More about split loans

  • Split loan calculator

    See how splitting your home loan between fixed and variable interest rates could work for you.

    Calculate now

  • How to split your loan

    To see if your home loan is eligible for a split, you can use our switching matrix. If you think splitting your home loan might work for you, our home lending experts can help you work out what’s right for you.

    Split in NetBank

Top up & add-ons

  • Wealth Package

    Enjoy special discounts on selected loans and credit cards with our Wealth Package.

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  • Increase your home loan (top up)

    If you’re planning renovations, want to consolidate your debts or simply need extra cash, borrowing additional money with your existing home loan could be the perfect solution.

    Tell me more

    Apply in NetBank

  • Interest offset

    Offset the funds in your linked accounts against the balance of your home loan, to potentially save thousands in interest and cut years off the term of your home loan.

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