Why choose CommBank?
The home loan rates shown above are interest rates for Principal and Interest repayments.**
Get a discounted rate and save on fees with a Home Loan Package
Enjoy special discounts on loans, credit cards, everyday banking and insurance with our Wealth Package.
- $395 annual package fee
- $0 upfront establishment fee
- $0 monthly loan service fee
- Save up to 0.70% on Standard Variable Rates and Viridian Line of Credit
- Save 0.15% on Fixed Rates
Available on a range of fixed and standard variable rate home loans and Lines of Credit. Requires an initial total home lending of at least $150,000 with us.1Learn more
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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.
** 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.
Information provided (including interest rates) are subject to change.
1 To be eligible for Wealth Package, you must have a current home loan or line of credit with an initial ‘total home lending balance’ of at least $150,000 when you apply for Wealth Package. Total Home Lending balance is the sum of the account balance of 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. The package can only be established under one individual’s name or in the name of a corporate entity. It cannot be established in joint names or in the name of a business or family investment trust. Customers with Low Doc Loans are not eligible to apply for Wealth Package. Annual fee of $395 applies.
2 Extra Home Loan - Introductory rate provides a discounted margin off the Extra Home Loan - Introductory rate reference rate available at the time loan documents are issued. Currently Extra Home Loan reference rate for Owner Occupied home loans is 4.45 % p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.80 % p.a.
^ Extra Home Loan provides a discounted margin off the Extra Home Loan reference rate available at the time loan documents are issued, for the life of the loan. Currently Extra Home Loan reference rate for Owner Occupied home loans is 4.45 % p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.80 % p.a.
# The primary credit card holder must be the same as the package holder for this benefit to apply.
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.
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 the advice. You should also read our Financial Services Guide.