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*Digi Home Loan (Owner Occupied Principal & Interest) for new borrowings with a Loan to Value ratio of 60% or less when compared to CommBank’s other advertised loan rates. Minimum new borrowings of $100,000. Comparison rate warning. Rate effective from 22 August 2025.
For a limited time earn up to 300,000 Qantas Points with a CommBank Digi Home Loan. Available online only. Conditions apply+.
Access our lowest advertised variable rate with Digi Home Loan plus the option to add an offset account (an offset feature fee applies). Digi Home Loan is only available online.
Options to help reduce your interest including redraw, multiple offset accounts on eligible variable rate loans (an offset feature fee may apply) and split loan options.
Digi Home Loan
A digital home loan with a low variable rate and access to one Everyday Offset account. Only available online.
Standard Variable Rate
A competitive variable rate home loan with discounts tailored to you, plus access to offset and an extensive range of features.
Simple Home Loan
A simple home loan with a competitive variable rate and the choice to access two offset accounts.
Calculate how much you could save on repayments by refinancing your home loan with us. There may be costs involved with refinancing.
Apply in as little as 10 minutes and you could get conditional pre-approval with no commitment.
Connect with a Home Lending Specialist at a time and place that suits you.
Some home loan types can’t be changed in NetBank, such as Interest Only. Call 13 2224 for any changes to your loan that you can’t make in NetBank.
You can also split your home loan and enjoy the best of fixed and variable.
If you’re planning renovations, want to consolidate your debts or simply need extra cash, borrowing additional funds with your existing home loan could be the solution.
With FASTRefi®4 we’ll save you time and manage the refinance steps on your behalf. FASTRefi® involves borrowing additional buffer amounts to cover the estimated pay out figure. Once the loan is settled, any surplus money will be refunded to you. Available only for eligible home loans from selected lenders. Your Home Lending Specialist will advise if your home loan meets the eligibility criteria for FASTRefi®.
Refinancing involves switching your home loan from one lender to another by taking out a new mortgage to replace your existing one. This usually also includes different and/ or a new set of terms and conditions.
The process of refinancing a home loan includes assessing your current loan, comparing new loan options to best suit your individual needs, calculating potential savings, and applying for the new loan. Refinancing could potentially help you save money, pay off your mortgage faster, or better manage your finances.
You can apply online or refinance with Digi home loan. Alternately, you can book an appointment with Home Lending Specialists.
Refinancing your home loan can be a good idea, depending on your individual circumstances and financial goals. Here are some factors to consider:
Ultimately, refinancing could be beneficial if it aligns with your financial goals and provides significant savings. It's a good idea to use tools like our refinance calculator and speak with a Home Lending Specialist to determine if it's the right move for you.
It’s generally recommended to wait at least 12 to 24 months before refinancing. This is because refinancing involves costs such as application fees, valuation fees, and potential break costs if you're on a fixed-rate loan. Waiting allows you to build up equity in your property and ensures that the benefits of refinancing outweigh the associated costs. Additionally, refinancing too soon could impact your credit score.
Technically, you can refinance your home loan as often as you like, but it's important to consider the costs and benefits each time. Generally, it's recommended to review your loan annually. Frequent refinancing can incur fees and impact your credit score, so it's crucial to ensure that the savings and benefits outweigh the costs
If you're unsure, our Home Lending Specialists can help you determine the best timing for your situation.
Get 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.
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Book instantly to speak to a Home Loan Specialist at a time that suits you.
Redraw, change your repayments or loan type to better meet your needs and more.
Fast-track your call, see expected wait times and connect with a specialist in the CommBank app.
Get instant help from our virtual assistant or chat to a specialist.
+ To be eligible for this offer, a loan must meet the following criteria (Eligible Home Loan):
The Qantas Frequent Flyer member nominated to receive Qantas Points cannot have earned Qantas Points on a CommBank Digi Home Loan offer previously. A member can have multiple CommBank Digi Home loans, including joint applications, however they will only be eligible for Qantas Points once.
If the above conditions are met, Qantas Points will be awarded as follows:
The Qantas Points will be credited to the nominated member’s Qantas Frequent Flyer account within 30 days of settlement and will appear on the nominated member’s Points Activity Statement as ‘CommBank Digi Home Loan’. Qantas Points will not be awarded if the loan is in arrears or default, or any of the borrowers are receiving financial hardship relief or assistance at the time of crediting the points.
This offer cannot be used in conjunction with any other advertised or promotional offer. We reserve the right to close or vary this offer at any time.
Home loans issued by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945. Commonwealth Bank of Australia pays Qantas for Qantas Points issued in relation to this offer. Approval and loan limit are subject to Commonwealth Bank of Australia’s credit assessment criteria. Information, including interest rates and fees, are subject to change. Terms, conditions, fees, charges, lending and eligibility criteria apply.
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. 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.
2 Rate/s apply to new lending only and may include a margin below or above the applicable reference rate. The current reference rates can be found here.
3 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.
4 FASTRefi® involves borrowing additional buffer amounts to cover the estimated pay out figure. Once the loan is settled, any surplus money will be refunded to you. Refinance using FASTRefi® can occur within days of us receiving your signed loan and FASTRefi® documents. FASTRefi® is a registered trademark of First American Title Insurance Company of Australia Pty Limited ABN 64 075 279 908 trading as First Title. First American Title Insurance Company of Australia Pty Limited is not part of the Commonwealth Bank of Australia.
~ We charge the Rate Lock Fee when we process your request. It is therefore important that you have sufficient funds in your nominated account. The Rate Lock feature only applies to new Fixed Rate home loan and Fixed Rate Investment home loan applications. Rate Lock does not apply to Home Seekers, switching, splitting, top-ups, loan purpose transfers or repayment changes.
# 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.
Information provided (including interest rates) are subject to change.
Calculations are estimates provided as a guide only. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan. Interest rates referenced are current rates and may change at any time.
Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). Lenders' Mortgage Insurance or a Low Deposit Premium may apply to your loan depending on the size of your deposit; security, applicant and loan attributes. This is a one-off cost and will be added to the loan amount. Any of these additional amounts will increase repayments under the loan.
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. At the end of an interest only period, your repayments will increase to cover principal and interest components.
Rates are subject to change. Applications are subject to normal credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable.
* 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.
8 You can link one Everyday Offset account to each eligible Digi Home Loan and up to two Everyday Offset accounts to each eligible Simple Home Loan. An offset feature fee will apply, see ‘Fees we charge for consumer mortgage lending products'.
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.
^^$0 establishment fee offer is available on Simple Home Loan applications submitted between 2 August 2025 and 31 October 2025 inclusive through CommBank’s proprietary channel. Applications submitted outside this period or via non-proprietary channels are not eligible for this offer.
This offer is only available to CommBank customers who meet the following criteria:
(a) All borrowers must be First Home Buyer/s; and
(b) All borrowers must be individuals. Applications from trusts or companies are not eligible; and
(c) Application must be submitted through CommBank’s proprietary channel, it is not available to customers that submit an application through Bankwest, Unloan or a broker channel.
(d) The loan must be for one of the following eligible products:
- Simple Home Loan
- Simple Investment Home Loans.
If your application does not meet the eligibility criteria, the standard establishment fees: $300 for non-off-the-plan purchases and $800 for off-the-plan purchases, will apply.
CommBank reserves the right to withdraw or amend this offer at any time without notice.
