Features & benefits

  • Wealth Package

    Enjoy further interest rate discounts in addition to standard package benefit on eligible home loans and waiver of certain fees.

    Tell me more

  • Interest offset

    Save on interest while having access to your money by using an Everyday Offset account.

    Tell me more

  • Complete flexibility

    Freedom to split your loan, make unlimited additional repayments and redraws¹ as well as make Interest Only payments.2

    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

  • Trade-offs

    Not protected from interest rate increases.

       

  • Exclusive offers

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

    Discover more CommBank offers & rewards

Rates & fees

  • $600 upfront establishment fee ($0 with Wealth Package)
  • $8 monthly loan service fee ($0 with Wealth Package)
  • Interest Only payments available for up to 5 years for Owner Occupied Home Loans and up to 10 years for Investment Home Loans2

Download the Standard Variable Rate Home Loan fact sheet (PDF)

Rates for new borrowings (Owner Occupied)

Compare home loans
Loan type  
Interest rate
Comparison rate
Standard Variable Rate with Wealth Package LVR 60% or below​​ (with discount margin offer)
6.49% p.a.
6.87% p.a.
Standard Variable Rate with Wealth Package LVR 60.01% to 70% (with discount margin offer)
6.59% p.a.
6.97% p.a.
Standard Variable Rate with Wealth Package LVR 70.01% to 80% (with discount margin offer)
6.69% p.a.
7.06% p.a.
Standard Variable Rate with Wealth Package LVR 80.01% to 90% (with discount margin offer)
6.94% p.a.
7.31%  p.a.
Standard Variable Rate with Wealth Package LVR 90.01% to 95% (with discount margin offer)
7.74% p.a.
8.10% p.a.
Standard Variable Rate without Wealth Package
8.80% p.a.
8.94% p.a.

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

Wealth Package requires a minimum package lending balance of at least $150,000.#

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
Standard Variable Rate with Wealth Package LVR 60% or below​​ (with discount margin offer)
6.60% p.a.
6.97% p.a.
Standard Variable Rate with Wealth Package LVR 60.01% to 70%​​ (with discount margin offer)
6.65% p.a.
7.02% p.a.
Standard Variable Rate with Wealth Package LVR 70.01% to 80%​​ (with discount margin offer)
6.70% p.a.
7.07% p.a.
Standard Variable Rate with Wealth Package LVR 80.01% to 90%​​ (with discount margin offer)
7.39% p.a.
7.76% p.a.
Standard Variable Rate with Wealth Package LVR 90.01% to 95%​​ (with discount margin offer)
7.84% p.a.
8.20% p.a.
Standard Variable Rate without Wealth Package
9.38% p.a.
9.52% p.a.

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

Wealth Package requires a minimum package lending balance of at least $150,000.#

Comparison rate warning

See all home loan interest rates

Existing customers

Can I get a better rate?

Speak to your Home Lending Specialist or Broker to find out if further discounts are available for your Standard Variable Rate home loan, depending on your current situation.

Check your current rate

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

NetBank:

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

CommBank app:

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

Compare home loans

Start your home buying journey with us today

  • Book time with a lender instantly

    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

  • Apply for a home loan, conditional pre-approval or refinance 

    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

Message us in the CommBank app

Get instant answers from Ceba our virtual assistant, or connect with a specialist who can message you back. You’ll need notifications for the CommBank app turned on so you know when you’ve received a reply.

Message us

 

How to message us

Get help

Things you should know

  • 1 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).

    2 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 10 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.

    ** 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.

    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.

    # To apply for a Wealth Package, you must have an eligible home loan or line of credit with an initial package lending balance of at least $150,000 at the time of your application. 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 include: Standard Variable Rate home loan, Fixed Rate home loans and Viridian Line of Credit. A non-refundable annual fee of $395 is payable in advance. 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. Please refer to the Wealth Package Fact Sheet and Package Terms and Conditions for full details.

    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.