Save with our low Extra Home Loan

  • 2.79 % PA
    Variable interest rate (with discount margin offer)
  • 2.80 % PA
    Comparison rate*
  • Get a discount for the life of your loan

    For new borrowings with a Loan to Value ratio of 70% or less. The rates shown are for Principal and Interest repayments (Owner Occupied) with current discount margin offer. Product discount margin on Extra Home Loans may vary from time to time and is determined by CommBank based on campaign offers at time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning

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Questions? Get help from a Home Lending Specialist

Home loan calculators

Our popular home loans

Get a great rate on our simple and easy variable home loan. Save on interest with an introductory rate or an ongoing discount for the life of the loan.

Extra Home Loan2 (owner occupied)

Interest rate: from 2.79% p.a.
Comparison rate: from 2.80% p.a.

Extra Home Loan2 (investment)

Interest rate: from 3.09% p.a.
Comparison rate: from 3.10% p.a.

Comparison rate warning
Calculate repayments

The home loan rates shown above are interest rates for Principal and Interest repayments.3

Enjoy the certainty of knowing exactly what your monthly repayment will be. 

Fix your repayment for periods of 1 to 5 years and choose from our fixed rate loan options to help you plan your finances.
 

2 Year Fixed Rate with Package1 (owner occupied)

Interest rate: 5.79% p.a.
Comparison rate: 5.23% p.a.

3 Year Fixed Rate with Package1 (investment)

Interest rate: 6.59% p.a.
Comparison rate: 5.97% p.a.

Comparison rate warning
Calculate repayments

The home loan rates shown above are interest rates for Principal and Interest repayments.3

With a variety of features and a competitive variable rate, you’ll enjoy the flexibility of our Standard Variable Rate home loan or Investment home loan.

Great discounts available with our Wealth Package.1

Standard Variable Rate with Package (owner occupied)

Interest rate: 4.60% p.a.
Comparison rate: 5.00% p.a.

Standard Variable Rate with Package (investment)

Interest rate: 5.18% p.a.
Comparison rate: 5.57% p.a.

Comparison rate warning
Calculate repayments

The home loan rates shown above are interest rates for Principal and Interest repayments.3

Get the home buying advantage

couple meeting home lending spcialist

Enjoy a discount for the life of your loan

Our Extra Home Loan is a low interest rate and low-fee home loan.

fixed rate home loan

Lock in our 2-year Fixed Rate home loan (Wealth Package)

Get certainty with fixed repayments.1

happy family

$2,000 cashback when you switch your home loan to us

Talk to a Home Lending Specialist today. T&Cs apply.

Benefits

Self-employed home lending made simple

We’ve simplified the home buying application process for eligible self-employed customers. 

If you’re self-employed and pay yourself a regular salary from your business, you may be eligible for a simplified income verification process without having to provide your company and/or personal financials.

Get in touch with our Home Lending Specialists to discuss your needs.

Book appointment

Things you should know

  • 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.

    1 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. 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. Trust loans can however be linked to the trustee package (personal or company package) where the trustee is an applicant (i.e. the borrower) on the loan. For example, a loan held in the name of “John Smith ITF The Smith Family Trust” can have a package established in the name of John Smith as the trustee. Terms and conditions are available on request.

    2 The rate shown is for Loan to Value Ratios of 70% or less. As at 17 June 2022 the Extra Home Loan reference rate for Owner Occupied home loans is 4.53% p.a. (principal and interest) and the Extra Home Loan reference rate for Investment home loans is 4.88% p.a. (principal and interest).

    3 The rates shown are interest rates for 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.

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

    Interest rates are subject to change. Applications are subject to credit approval. Eligibility criteria and other conditions may apply to some loans. Full terms and conditions will be included in our loan offer. Fees and charges may be payable. The rates shown are interest rates for Principal and Interest repayments, check Home loan interest rates to view all our rates including interest rates for Interest Only repayments. As this information has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on this information. Commonwealth Bank of Australia ABN 48 123 123 124. Australian credit licence 234945.