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About our Base Variable Rate home loan


  • Home Seeker conditional pre-approval – valid for six months
  • Flexible loan term – repay over 30 years
  • Flexible loan amount – access additional funds by increasing your existing loan
  • Flexible repayment plan – choose weekly, fortnightly or monthly1
  • Choice of repayment methods  four options:
    • via direct debit or automatic funds transfer
    • online
    • by phone
    • in a CommBank branch
  • Unlimited additional repayments – make additional repayments to shorten the term and save money in interest
  • Repayment Redraw – withdraw additional repayments at any time2. You can withdraw funds from ATMs, EFTPOS or Australia Post EFTPOB terminals, as well as via NetBanktelephone banking or at any CommBank branch with no transaction fees3
  • Repayment Holiday – suspend your repayments for a nominated period of 3 to 12 months if enough additional repayments have been made
  • Interest-only option – reduce loan commitments by paying only the interest amount due each month1
  • Interest calculated daily – see immediate benefit from repayments
  • Portability  take your loan to your next home (conditions and fees apply) 

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Rates and fees

  • Establishment fee of $600
  • No monthly service fee on the 3-year Special Economiser for the life of the loan, saving $96 each year3. The monthly service fee for Economiser home loan is $8

Interest rate5.44%PA

Comparison rate 5.58%PA

Interest rate4.89%PA

Comparison rate 5.34%PA


  • Useful alternative4 to a cash deposit on a home purchase. This is a quick and easy way to pay a deposit if your cash is tied up in other investments or you're waiting to sell your existing property
  • The fee is from 1.2% of the overall deposit
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  • If your Relationship Balance is more than $50,000 we'll waive certain fees on eligible transaction accounts
  • Make unlimited3 everyday CommBank transactions without paying withdrawal or monthly account fees. Simplify your banking by having your salary credited directly into this account and your home loan repayments automatically debited
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Apply for a CommBank Awards or Gold Credit Card at the same time as the  Base Variable Rate (Economiser) home loan, and we'll waive your credit card annual fee for the first year, saving up to $114.

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Secure your home with our Home Insurance, Loan Protection insurance and Life Insurance options.5

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Tools and calculators

Home loan calculators

Find the right home loan by calculating your loan amount, term, repayment amount and frequency. Choose a home and a home loan that suits your budget.


A fabulous resource for homebuyers, with articles, tools and advice to help you save money on your new home.

Fact sheets

Borrowing options

Borrowing options

Co-own a property with family or friends while keeping control of your finances.

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Secure your loan with the help of family or friends who will help by mortgaging their property as added security.

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If your finances are tied up in investments or you’re waiting to sell your existing property, a Deposit Guarantee is a convenient and cost-effective alternative to using a cash deposit when buying a home.

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Choose a borrowing solution that will help you get into the property market without a large deposit.

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Another solution if you don’t have a large deposit.

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If you buy a new property before selling your existing one, bridging finance can help.

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Gain access to your funds plus a fantastic rewards program with an Awards or Gold Awards credit card, and pay no fee for the first year.

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If your finances are tied up in investments or you’re waiting to sell your existing property, a deposit guarantee is a convenient and cost-effective alternative to using a cash deposit when buying a home.

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With a CommBank home loan, you may have the option to choose low-fee accounts to manage your home loan and day-to-day transactions.

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Choose from a range of home insurance, loan protection insurance and life insurance options.

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Related products

Standard Variable Rate

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.

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No Fee Variable Rate

Take advantage of the flexibility and transparency of our No Fee Variable Rate home loan and benefit from saving on bank fees for the life of the loan.

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Fixed Rate

A Fixed Rate home loan provides the security and convenience of knowing exactly where you stand for the length of your fixed term.

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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.

4. We act as an agent for Vero Insurance Limited to provide Deposit Guarantees. Vero Insurance issues Deposit Guarantees under the registered trademark ‘Deposit Power’. We receive commission for each Deposit Guarantee we sell. You can only apply for a Deposit Guarantee after you have unconditional loan approval (only subject to valuation).

5. Insurance refers to products offered by Commonwealth Insurance Limited ABN 96 067 524 216 (CIL) and The Colonial Mutual Life Association Society limited ABN 12 004 021 809 (CMLA) both wholly owned but non-guaranteed subsidiaries of the Commonwealth Bank of Australia. The issuer and insurer of Home Insurance is CIL and the Commonwealth Bank of Australia is the arranger of the insurance, Loan Protection and Life Insurance is offered by CMLA. The Commonwealth Bank of Australia and its subsidiaries (excluding CIL and CMLA) do not guarantee the obligations or performance of CIL or CMLA or the products they offer. Where the Commonwealth Bank of Australia acts as an agent for CIL or CMLA, the Commonwealth Bank receives a commission from CIL or CMLA respectively. Applications for Loan Protection are subject to assessment and the settlement and funding of your loan or establishment of your line of credit facility. Product Disclosure Statements (PDSs) are available for these products by calling 13 24 23, visiting or from any branch of the Commonwealth Bank. The PDS should be considered before making any decisions about these products.

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.

As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. Terms and conditions for Everyday Account are available on request. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.