Current Interest Rates

(EOFY 2024 Interest rates effective from 22 May 2024)

The below headline fixed interest rates are valid for all new and existing Geared Investments Loan clients.

Interest paid yearly in advance
Interest paid monthly in arrears
Variable Rate
9.65% p.a.
1 Year Fixed Rate
7.99% p.a.
8.04% p.a.
2 Years Fixed Rate
7.99% p.a.
8.04% p.a.
3 Years Fixed Rate
7.99% p.a.
8.04% p.a.
5 Years Fixed Rate
7.99% p.a.
8.04% p.a.

Interest rates are subject to change without notice and are indicative only. Actual rate and other fixed terms and firm rates are available on application. Rates for Geared Investments Loan include trail commission (where applicable).

Key dates 

Initial adviser communication
From 6 May 2024
Client communication
From 22 May 2024
Reminder adviser communication
From 5 June 2024
Cut off# for returning Fixed Interest Request forms
Monday 24 June 2024
Last Business day of 2023-24 Financial Year
Friday 28 June 2024

For fixed loans commencing between 24 June 2024 and 30 June 2024, the interest prepayment will be debited from the nominated bank account on 24 June 2024.

# Forms received after 24 June 2024 may not be processed before 30 June 2024.

If you have any questions please contact the Geared Investments Team on 13 15 20.

Fixed loan considerations

  • Interest cost certainty

    Fixing your interest rate offers you the knowledge of exactly how much interest you can expect to pay during the fixed interest term. This can assist you with managing your monthly expenses and cash flow by planning your repayments.

  • Fix all or part of your outstanding loan balance

    If your loan balance fluctuates from time to time or you're unsure of the future direction of interest rates, you may wish to only fix a portion of your outstanding balance.

  • Pay your interest yearly in advance or monthly in arrears

    Depending on your strategy or circumstances you have the choice to pay your interest yearly in advance or monthly in arrears.

  • Capitalise/Borrow the interest amount

    You have the option to capitalise/borrow the interest amount and you can choose to capitalise the amount to your variable loan (all payment options) or fixed loan (interest paid yearly in advanced option only).

  • Tax consequences

    Interest paid on an investment loan may be tax deductible (depending on your circumstances). 

  • Break fees

    Break fees may apply if you or your clients decide to terminate/break the fixed loan before the maturity date.

  • Interest rate movements

    Clients may pay more in interest costs if their fixed interest rate is higher than their average variable rate over the fixed term. Interest rates are subject to change at any time.

  • Interest payable

    Interest is payable on the full fixed balance even if fixed portion is not fully utilised.

Please note that Geared Investments does not provide tax or interest rate advice. We recommend that clients speak to a financial adviser or tax professional.

Fixed interest strategies 

  • When you borrow to invest, the amount of interest you pay on your loan can affect your cash flow, and influence the effectiveness of your investment strategy. So it's only natural you want to make the right decision when it comes to choosing a fixed or variable interest rate.

    Should you fix, and get the certainty of knowing exactly what you'll be paying each month?

    As the end of the financial year approaches, it's worth discussing your options with your financial adviser.

    View our fixed interest strategies


  • Fixed vs. Variable Interest Rate Comparison Calculator

    Use our Fixed vs. Variable Interest Rate Comparison Calculator to compare between fixed and variable interest rates. You can choose to fix a portion of your outstanding loan balance and also simulate future movements in the variable interest rate and see how this will affect the outcome.

    Compare now

Frequently asked questions 

View the FAQs section

We’re here to help

Things you should know

  • Commonwealth Bank Geared Investments Loan is issued by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. This product is administered by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec), a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Applications for Geared Investments Loans are subject to approval. Fees and charges apply. The information has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Geared Investments Loan Product Disclosure Statement and Geared Investments Loan Terms and Conditions, and should consider them before making any decision about these products and services.

    Tax considerations are general, based on present taxation laws, and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. Commonwealth Bank is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.

    Important information