What is a split loan?

A split home loan is when you divide your loan into two or more parts. You could, for example, nominate a portion of the loan to have a fixed interest rate, and the remainder to have a variable interest rate, or have multiple loans of the same loan type.

Take a look at the Switching Terms and Conditions brochure for more information on split loans.

Features & benefits

The certainty of a fixed rate

A Fixed Rate home loan gives you the confidence of knowing how much your repayments will be and protects you against rate rises during the fixed-rate period (however, you wouldn’t benefit from a drop in interest rates).

The flexibility of a variable home loan

A Standard Variable Rate home loan offers flexibility such as redraw, offsets and the ability to make unlimited additional repayments. 

How it works

How much can you fix?

How you decide to split your home loan is up to you.

For example: After considering the types of home loans available and how they best match your needs, you decide on a 60:40 split of your $500,000 home loan.

Your loan would then be divided into two loans – a fixed interest rate would be charged on $300,000 and the remaining $200,000 would have a variable interest rate.

What loans can you split?

Most of our home loans can be split except Viridian Lines of Credit. Use our Switching matrix to see all the eligible loan combinations.

Rates & fees

Compare our home loans

See what home loan options we have and which will work best for you. 

Compare home loans

Already have a home loan with us?

You can see monthly loan service fees and interest rates for your existing home loan in NetBank or the CommBank app.

See rates and fees in NetBank

Featured rate

2.29 % PA
2 year fixed rate (with Wealth Package)
3.99 % PA
Comparison rate*

Enjoy a discount on the 2 Year Fixed rate (Owner Occupied) with Wealth Package.

Principal and Interest repayments, a 0.15% p.a. interest rate discount, with no establishment fee or monthly loan service fees. Minimum package lending balance of $150,000.1 Comparison rate warning

Tell me more

How to apply

Apply for new split home loan

Book an appointment to speak to a Home Lending Specialist about applying for a new home loan that is split.

Alternatively, you can call us on 13 2224 8am to 8pm (Sydney/Melbourne time), any day.

Book appointment

Split an existing home loan

Speak to a Home Lending Specialist about your options.

Call us on 13 2224 8am to 8pm (Sydney/Melbourne time), any day for your existing home loans.

Tools & calculators

CommBank My Property

CommBank My Property redefines how you view, track and manage your home loan online to help you achieve your property goals. 

Take me to My Property 

Things you should know

1 Package requires at least $150,000 in package lending balance, and a non-refundable 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 package can be established in the name of one or two individual’s name/s, or in the name of a corporate entity. It cannot be established in the name of a business or family investment trust. 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.

* 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.

Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice.