Redraw & repayments

There are several options that may be able to assist you during this time, including: 

  • Accessing any additional money you may have available in redraw in your eligible loan
  • Consider if Interest Only payments are right for you. Interest Only for 12 months is subject to approval and must be applied for before 31 March 2021
  • Reducing your repayments to the minimum monthly repayment amount
  • Using money in your Everyday Offset (if available to you)

Speak to our Financial Assistance Solutions team to find out more about the options that best suit your individual situation. You can call us on 13 30 95 between 8am - 9pm Monday to Friday and 9am - 2pm on Saturday (Sydney/Melbourne time).

If you have a home loan deferral and have questions about what it means for you, see our Coronavirus FAQs

From September 2020, eligible customers may be able to extend their existing deferral up until 26 March 2021. We're reaching out to all customers prior to the end of their current deferral to discuss their individual circumstances. If an extension isn’t the right solution, we will discuss other sustainable options to assist with your financial wellbeing.

Fixed rate options

Our latest Fixed Rate home loan is our lowest ever. 

With a Fixed Rate home loan you’ll know exactly what your repayments will be, giving you confidence to budget and plan ahead with certainty whether you want to switch your existing variable rate home loan to fixed, or are refinancing, buying or investing.

Not sure a fixed rate is right for you? Find out more about the benefits and things to consider before you make the switch.

You can also split your home loan and enjoy the best of fixed and variable. Call us any day on 13 2224 (8am-8pm Sydney/Melbourne time) to talk through your options. 

To change your home loan to a fixed rate, simply log onto NetBank or the CommBank app and choose the loan you’d like to fix. 

Switch in NetBank

More coronavirus support

In the current uncertainty surrounding coronavirus, the financial and personal wellbeing of our customers and people remains our priority.  

Visit our coronavirus Support Page to see how we’re supporting customers in a variety of ways.

Tell me more

Things you should know

Everyday Offset is a feature of our Complete Access Transaction Account that is linked to an eligible home loan, and accountholder/s must also be accountholders of the linked home loan. Interest is not charged on that part of the Home Loan balance equal to the balance of the Complete Access account.

Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. 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 this advice.

The Bank makes no representation about the future direction of 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.