What is a split loan?

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.

    Use our split loan calculator

  • 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

Lock in our 3 year Fixed rate Home Loan (Owner Occupied) with our Wealth Package

  • 6.59 % PA
    Principal and Interest rate
  • 8.00 % PA
    Comparison rate*

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 contact us for more information.

    Book appointment

  • Split an existing home loan

    Speak to a Home Lending Specialist about your options.

    Contact us about your existing home loans.

    Split in NetBank

Tools & calculators

Message us 24/7

Get instant 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

Get help

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.

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