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BASE VARIABLE RATE HOME LOAN

Save even more with a low introductory rate and no monthly loan service fees for the life of the loan, with our 3-year Special Economiser Home Loan.

3-Year Discounted Base Variable Rate (Special Economiser)

Interest rate4.39%PA

Comparison Rate4.84%PA

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Why choose a Base Variable Rate Home Loan?

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Home loan top-up

Access additional funds when you need it most, by increasing your existing loan.

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Conditional pre-approval

Get obligation-free conditional pre-approval on your home loan, so you can start looking with confidence.^

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Flexible loan terms

Access flexible loan terms up to 30 years, so you can shape your mortgage to suit changes to you.

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Flexible repayments

Benefit from the flexibility of choosing weekly, fortnightly or monthly repayments (interest-only repayments are monthly).

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Repayment redraw

Withdraw additional repayments at any time from selected ATMs, EFTPOS, Australia Post EFTPOB terminals, online via NetBank, by phone or in any CommBank branch.

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Repayment holiday

Suspend repayments for nominated periods from three to 12 months, if enough additional repayments have been made.

Interest rates and fees

Interest rate

Comparison rate

3 Year Special Discounted Base Variable Rate (Economiser)

4.39 %

4.84 %

Base Variable Rate (Economiser)

4.99 %

5.14 %

  • $600 upfront establishment fee
  • $8 monthly loan service fee for Base Variable Rate (Economiser)
  • Save $96 each year, with no monthly service fee on the 3-Year Discounted Base Variable Rate (Special Economiser), for the life of the loan.3

Borrowing options

Split the cost of a home with family or friends, while retaining individual control of your finances. Available on most home loans.

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Lenders’ Mortgage Insurance allows you to purchase a property with a smaller deposit, so you can own your home sooner.

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Get the finance you need to buy a new property, before you’ve settled on the sale of your existing one.

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A family member can help you secure a home loan, by mortgaging their own property as additional security.

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Another solution if you don't have a large deposit. Similar to Lenders' Mortgage Insurance (LMI), this additional home buying cost is added to your loan amount, so you don't have to come up with these additional funds up-front.

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If your finances are tied up in investments or you’re waiting to sell your home, a Deposit Guarantee offers a convenient alternative to a cash deposit.

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Learn more about home loans

Which rate is right for me?

Which rate is right for me?

Whether you choose a fixed rate or variable rate mortgage will depend on your individual circumstances and financial goals.

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Conditional pre-approval

Get obligation-free conditional pre-approval on your home loan, so you can start looking with confidence.^

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Talk to us

Ready to apply or you would like to discuss your home loan needs?

Important information

1. Interest only payments can only be made monthly.  The interest only payment period may be for any term of 1 – 15 years for Investment Home Loans and 1 – 10 years for owner occupied Home Loans, irrespective of the fixed, guaranteed, or discounted variable rate term. If interest only is chosen, repayment redraw is not available for the term of the loan.

2. Minimum $2,000 withdrawal with a $50 Redraw fee over the counter at any Commonwealth Bank branch and $500 electronically with a $50 Redraw fee. Redraw and Repayment Holiday are not available on interest only loans and is dependent on having the required amount available in special repayments (extra repayments). Repayment Holidays are also not available where there is a second or subsequent mortgage to another financial institution ranking behind the Commonwealth Bank. Applications are subject to the Bank's approval.

3. Excludes non-Commonwealth Bank ATMs here and overseas, transfer group payments to third parties, International Money Transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks.

^ Provided the details initially agreed upon do not change, a Home Seeker loan approval guarantees the amount you can borrow, but not your interest rate. If you do not find a property and accept our formal loan offer within 90 days of the conditional pre-approval date, we will need to obtain from you updated financials and confirm that the loan still meets your needs and financial objectives.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Fees and charges are payable.

If you do not find a property and accept our formal loan offer within 90 days of the conditional pre-approval date, we will need to obtain from you updated financials and confirm that the loan still meets your needs and financial objectives.

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