Why refinance with CommBank?

  • Get more out of your home loan:

    • Refinance and save with one of our competitive Fixed Rate or Standard Variable Rate home loans or refinance online to apply for our low rate Digi Home Loan
    • Enjoy discounts with our Wealth Package1,  on eligible loans, saving money to pay off your loan soon
    • Save time with access to FASTReFi® where we manage the refinance steps on your behalf, and fund your loan within days4
    • Flexible loan options that help you reduce your interest including redraw^, multiple free offsets on eligible loans and split rate home loans, helping you pay less interest.
    • CommBank My Property gives you easy access to comprehensively track and manage your home loan and property’s performance. Available in NetBank and the CommBank app.
    • Start your refinance application online and if eligible, receive conditional approval in minutes. Apply online.

Exclusive discounts & offers for CommBank customers 

  • As part of CommBank Yello, our customer recognition program, you could receive benefits including prize draws, cashbacks and other discounts. Plus, you can access fast conveyancing contract reviews with Home-in, savings on nbn® and mobile plans with More and other exclusive offers.

Switching to a CommBank home loan is simple

  • Apply now

    Start your home loan refinance application online if you’re looking to switch from another bank.

    Apply online

  • Book time with a lender instantly

    Get the most of your home loan application process and book time with a Home Lending Specialist at a time and place that suits you.

    Book appointment

  • Already have a home loan with CommBank? 

    It’s never been easier to manage your home loan in a way that suits you.

    Explore options

Choose a home loan that’s right for you

My loan is for

Estimated Property Value    

I want to

Loan Amount

Does not meet minimum loan amount
Does not meet minimum loan amount
Borrowing amount cannot be greater than 95% of property value

I'll pay back

Loan to Value Ratio (LVR) does not impact Fixed Rate.

All other rates have been updated in line with your #_LVR_VALUE_#% LVR. Your rates could improve with a lower LVR.

Show Wealth Package on Standard Variable Rate and Fixed Rate products

Enjoy discounts on eligible home loans and a fee waiver on one eligible credit card per package, in exchange for an annual fee.

Wealth Package rates require a minimum initial package lending balance of $150,000.

Standard Variable Rate

A variable rate with discounts tailored to you, plus access to offset and an extensive range of features.2

Tell me more

Interest Rate^

p.a.

Repayments

1 Year Interest Only Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

This payment is only for an interest only period.Use the repayments calculator to see what your repayments may be after your interest only period, based on current rates which may change.

View rates by updating
Loan amount
Minimum loan amount $10,000

Wealth Package rates require a minimum initial package lending balance of $150,000. Update Loan amount or uncheck Wealth Package

Wealth Package rates require a minimum initial package lending balance of $150,000. Update Loan amount or uncheck Wealth Package

View rates by updating
Estimated property value
and/or Loan amount

View rates by updating
Estimated property value
and/or Loan amount

Owner occupied Interest Only rates are only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Owner occupied Interest Only rates are only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Investment Interest Only rates are only available for LVR’s lower than 90%.
Update Estimated property value and/or Loan amount

Investment Interest Only rates are only available for LVR’s lower than 90%.
Update Estimated property value and/or Loan amount

What you'll get

What you'll get

  • Link multiple offsets
  • Unlimited additional repayments
  • Unlimited redraws
  • Access features like top ups
  • Option to split loan
  • Eligible for interest rate reductions

Trade-offs

  • Not protected from interest rate increases

Trade-offs

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • Additional fees may apply

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • Additional fees may apply

Extra Home Loan

A home loan with a variable interest rate and low fees.2

Tell me more

Interest Rate^

p.a.

Repayments

1 Year Interest Only Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

This payment is only for an interest only period.# Use the repayments calculator to see what your repayments may be after your interest only period, based on current rates which may change.

View rates by updating
Loan amount
Minimum loan amount $10,000

View rates by updating
Estimated property value
and/or Loan amount

View rates by updating
Estimated property value
and/or Loan amount

Owner occupied Interest Only rates are only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Owner occupied Interest Only rates are only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Investment Interest Only rates are only available for LVR’s lower than 90%.
Update Estimated property value and/or Loan amount

Investment Interest Only rates are only available for LVR’s lower than 90%.
Update Estimated property value and/or Loan amount

What you'll get

  • A simple variable rate with low fees without the need for a Wealth Package
  • Unlimited additional repayments
  • Unlimited redraws
  • Access features like top ups
  • Option to split loan
  • Eligible for interest rate reductions

Trade-offs

  • No offset account
  • No Wealth Package 
  • Not protected from interest rate increases
  • Not available to company or trust borrowers

Trade-offs

  • No offset account
  • No Wealth Package 
  • Not protected from interest rate increases
  • Not available to company or trust borrowers

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • Additional fees may apply

View rates by updating
Estimated property value
and/or Loan amount

Fixed Rate

Always know what your repayments will be with a locked-in rate.3

Tell me more

Interest Rate^

p.a.

Repayments

Interest Only Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

This payment amount assumes the Interest Only and Fixed Rate periods align.# Use the repayments calculator to see what your repayments may be after your interest only period, based on current rates which may change.

View rates by updating
Loan amount
Minimum loan amount $10,000

Wealth Package rates require a minimum initial package lending balance of $150,000. Update Loan amount or uncheck Wealth Package

Wealth Package rates require a minimum initial package lending balance of $150,000. Update Loan amount or uncheck Wealth Package

View rates by updating
Estimated property value
and/or Loan amount

View rates by updating
Estimated property value
and/or Loan amount

Owner occupied Interest Only rates are only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Owner occupied Interest Only rates are only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Investment Interest Only rates are only available for LVR’s lower than 90%.
Update Estimated property value and/or Loan amount

Investment Interest Only rates are only available for LVR’s lower than 90%.
Update Estimated property value and/or Loan amount

What you’ll get

What you'll get

  • Protected from interest rate increases during fixed term
  • Option to lock in the reference interest rate with the Rate Lock feature at a fee of $750 – learn more about Rate Lock
  • Additional repayments up to $10k in a fixed year without incurring additional charges
  • Option to split loan (ERA may apply)

Trade-offs 

  • No offset account
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Trade-offs

  • No offset account
  • No Wealth Package selected
  • No redraw
  • Rate drops won’t apply to this loan during fixed term
  • No access to features like top ups
  • Charges may apply for additional repayments over $10k in a fixed year

Fees

  • $#_KEY_PACKAGE_FEE_# annual Wealth Package fee
  • $750 fee applies if you rate lock~
  • Early Repayment Adjustment and Administrative Fee may apply if additional repayments are over $10k in a fixed year,  switching or breaking your loan during fixed term
  • Additional fees may apply

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee
  • $750 fee applies if you ratelock~ – learn more about rate lock
  • Early Repayment Adjustment and Administrative Fee may apply if  switching or breaking your loan
  • Additional fees may apply

Digi Home Loan

A digital home loan with a low variable rate. Only available online and for customers refinancing their home loan from another financial institution.

Tell me more

Interest Rate^

p.a.

Repayments

1 Year Interest Only Payments

$

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.

Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying interest only.

This payment is only for an interest only period.# Use the repayments calculator to see what your repayments may be after your interest only period, based on current rates which may change.

View rates by updating
Loan amount.
Minimum loan amount $100,000

Digi Home Loan is only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

Digi Home Loan is only available for LVR’s lower than 80%.
Update Estimated property value and/or Loan amount

View rates by updating
Estimated property value
and/or Loan amount

View rates by updating
Estimated property value
and/or Loan amount

What you'll get

  • A low variable rate 
  • Monthly cashback for eligible CommBank Yello customers 
  • Unlimited additional repayments
  • Unlimited redraws
  • Eligible for interest rate reductions

Trade-offs

  • No offset account
  • No Wealth Package
  • Not protected from interest rate increases
  • Not available to company or trust borrowers
  • Fees may apply for phone or in branch support for some transactions

Fees

  • $#_KEY_ESTALISHMENT_FEE_# establishment fee
  • $#_KEY_ONGOING_FEE_# monthly loan service fee (monthly cashback for eligible CommBank Yello customers)
  • Additional fees may apply

^Available for new borrowings only.

Calculators & guides

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