Features & Benefits

Everyday Offset

Save on interest while having the choice to link up to two Everyday offset accounts1

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Flexible features

Unlimited additional repayments and redraws2 as well as the option to make Interest Only payments.3

Is Interest Only right for you?

Top ups

Increase an existing home loan by $10,000 or more to get access to additional funds when you need them.

More about top-ups

Yello Benefits

Eligible CommBank Yello customers4 can get a $10 cashback on their loan service fee each month. 

Discover more CommBank offers & rewards

Trade-offs

  • No access to Wealth Package
  • Not protected from interest rate increases
  • Not available to company or trust borrowers
  • Not available for split loans, purchase of land, building and construction loans and bridging

Negotiate your rate

Negotiate your rate with a Home Lending specialist when you apply for a Simple Home Loan.

Rates & fees

  • $300 upfront establishment fee 
  • $20 monthly loan service fee (you may be eligible for a $10 monthly cashback if you meet CommBank Yello eligibility)
  • $10 monthly Offset Feature fee, if one or more Everyday Offset account is linked
  • Other fees and charges may apply
  • Interest Only payments available for up to 5 for Owner Occupied Home Loans and up to 15 years for Investment Home Loans3

Download the Simple Home Loan fact sheet (PDF)

Rates for new borrowings (Owner Occupied)

Compare home loans
Loan type
Interest rate
Comparison rate
Simple Home Loan with LVR 60% or below
(with discount margin offer)
6.09% p.a.
6.34 % p.a.
Simple Home Loan with LVR 60.01% to 70%
(with discount margin offer)
6.14% p.a. 
6.39% p.a.
Simple Home Loan with LVR 70.01% to 80%
(with discount margin offer)
6.24% p.a.
6.49% p.a.
Simple Home Loan with LVR 80.01% to 90%
(with discount margin offer)
6.54% p.a.
6.79% p.a.
Simple Home Loan with LVR 90.01% to 95% 
(with discount margin offer)
7.49% p.a.
7.73% p.a.

The rates shown are interest rates for new borrowings with principal and interest repayments.**

Comparison rate warning

See all home loan interest rates

The product discount margin will vary depending on the Loan to Value ratio (LVR).

Rates for new borrowings (Investment)

Compare home loans
Loan type
Interest rate
Comparison rate
Simple Home Loan with LVR 60% or below
(with discount margin offer)
6.29% p.a.
6.54% p.a.
Simple Home Loan with LVR 60.01% to 70%
(with discount margin offer)
6.34% p.a.
6.59% p.a.
Simple Home Loan with LVR 70.01% to 80%
(with discount margin offer)
6.44% p.a.
6.69% p.a.
Simple Home Loan with LVR 80.01% to 90%
(with discount margin offer)
6.79% p.a.
7.04% p.a.
Simple Home Loan with LVR 90.01% to 95%
(with discount margin offer)
7.59% p.a.
7.83% p.a.

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

Comparison rate warning

See all home loan interest rates

Start your home buying journey with us today

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

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

Apply online

Borrowing options

  • Property share

    Split the cost of a home with family or friends, while keeping control of your finances. Available on most home loans.

    Explore more

  • Lenders’ Mortgage Insurance

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

    Explore more

  • Guarantor support

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

    Explore more

Compare home loans

Fixed Rate

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

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Digi Home Loan

A digital home loan with a low variable rate and access to one Everyday Offset account*. Only available online.

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Standard Variable Rate

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

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Already have a home loan with us?

To check your interest rate, log into NetBank or the CommBank app.

CommBank app:

  1. Log into the app
  2. Tap 'Accounts' and then 'Home Loan'
  3. Tap the 'Manage button'

Check your home loan

NetBank:

  1. Log on to NetBank
  2. Click on the Home Loan tab
  3. Click on 'Rate and info'

Check your home loan

Looking for comprehensive protection for you and your home?

Message us 24/7

Get help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply. 

Message us

Things you should know

  • You can link up to two Everyday Offset accounts to each eligible Simple Home Loan. An Offset Feature fee will apply, see ‘Fees we charge for consumer mortgage lending products'.

    2 Minimum $1,000 withdrawal with a $0 Redraw fee over the counter at any Commonwealth Bank branch and no minimum electronically with a $0 Redraw fee. Redraw is dependent on having the required amount available in special repayments (extra repayments).

    3 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 15 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.

    To receive CommBank Yello benefits, you must meet the ongoing eligibility requirements for the CommBank Yello Homeowner benefit set, including making at least 30 eligible transactions per month using an eligible CommBank transaction account or credit card. See commbank.com.au/commbankyello for full details.

    ** The rates shown are interest rates for new borrowings with Principal and Interest repayments. For all our rates including interest rates for Interest Only payments view our Home Loan Interest Rates.

    * You can link one Everyday Offset account to each eligible Digi Home Loan. An Offset Feature fee will apply, see ‘Fees we charge for consumer mortgage lending products'.

    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 or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed 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.

    The target market for this product will be found within the product’s Target Market Determination, available here.