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BASE VARIABLE RATE HOME LOAN

Benefits of a Base Variable Rate Home Loan

Low intro rate

Low introductory rate

Get a great discounted rate on our 3 Year Special Economiser home loan. At the end of the period, the rate automatically rolls over to the Base Variable Rate.

Make extra rempayments

Make additional repayments

Make the most of any extra funds to make additional repayments so you can pay off your home loan faster and save on interest.

Flexibility to redraw your extra repayments

Redraw

Conveniently access your additional repayments fee-free using NetBank, by phone, in any CommBank branch2 and from selected ATMs. 

Our featured rates

For a limited time get a great rate on our 3 Year Special Economiser (discounted base variable rate) home loan and pay no establishment fee or monthly loan service fees. Offer applies to new borrowings only and ends 21 October 2016.

3 Year Special Economiser
(owner occupied)

Interest rate3.99%PA

Comparison Rate4.57%PA

3 Year Special Economiser
(investment)

Interest rate4.19%PA

Comparison Rate4.82%PA

Apply for a home loan online and get a response in 60 seconds.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

Make an appointment with a Home Lending Specialist.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Interest rates and fees

Interest rate

Comparison rate

3 Year Special Economiser (owner occupied)

3.99% p.a.

4.57% p.a.

Economiser Base Variable Rate (owner occupied)

4.76% p.a.

4.91% p.a.

3 Year Special Economiser (investment)

4.19% p.a.

4.82% p.a.

Economiser Base Variable Rate (investment)

5.03% p.a.

5.18% p.a.

  • $600 upfront establishment fee on the 3 Year Special Economiser (waived for a limited time offer)
  • $600 upfront establishment fee on the Base Variable Rate Home Loan
  • $8 monthly loan service fee on the 3 Year Special Economiser (waived for a limited time offer)
  • $8 monthly loan service fee on the Base Variable Rate Home Loan

Why choose CommBank

Expert lending support

Expert lending support

Make confident decisions, with specialists who partner with you at every step.

Anywhere, anytime convenience

Anywhere, anytime convenience

Manage your home loan and banking 24/7 with the CommBank app, NetBank or over the phone.

24/7 support

24 hour support

Our Australian based service team is there to help, 24 hours a day, 365 days a year.

Home Loan Calculators

Enter your income and expenses to get an estimate of how much you may be able to borrow for a home loan.

Use calculator

Estimate what your future repayments would be based on how much you want to borrow and the term.

Use calculator

Estimate the total cost of buying a property, including government costs, stamp duty and other costs.

Use calculator

Borrowing options

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

Learn more

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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Similar to Lenders’ Mortgage Insurance, this additional cost is added to your loan, so you don’t have to come up with these funds upfront.

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A convenient alternative to a cash deposit if your finances are tied up in investments or you’re waiting to sell your home.

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We can help

Ready to apply or want to discuss your home loan needs?

or

Already a customer banking online with us?

Save time by using your NetBank details. 

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

or

Already a customer banking online with us?

Save time by using your NetBank details. 

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Things to know before you Can:

Information provided (including interest rates) are subject to change. This offer is only available for new loan borrowings from $150,000 on a 3 Year Discounted Base Variable Rate (Special Economiser) for non-Homeseeker applications submitted between 20 November 2015 - 21 October 2016, and converts to the Economiser Base Variable Rate at the end of the 3-year period. Offer may be withdrawn at any time. Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: This 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. Applications for finance are subject to credit approval. Other fees and charges may apply. Full terms and conditions included in our loan offer.

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 $1,000 withdrawal with a $0 Redraw fee over the counter at any Commonwealth Bank branch and no minimum electronically with a $0 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.