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Choosing the right Home Loan

Getting the right mortgage can take time, but has the potential to save you thousands of dollars in repayments, fees and interest over the life of your loan.

Before you start comparing home loans, work out what features will be most important to you. Do you need mortgage that gives you the flexibility to switch products down the track? Do you want to make lower repayments at the start of your loan, or pay it off as soon as possible? Do you want to be able to access the equity in your home?

In addition to fees and interest rates, look out for features including:

Flexible repayments icon

Flexible repayments

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

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Additional repayments

Make unlimited additional repayments, save money in interest and pay off your home loan sooner.

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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.

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Mortgage Offset Account

Allow your everyday savings to help reduce the balance on your mortgage, so you pay less interest and potentially save thousands over the life of your loan.

Once you understand what you’re looking for, you can talk to a Home Lending Specialist who will help you find a home loan to suit your needs. You can make an appointment online, by phone on 13 2224 or at your closest branch.

Download our home loan fact sheets

Repayment options

Although there are many different home loans available, they are each made up of two components: interest and principal.

An interest only home loan means your repayments only cover the interest for a set period of time—they won’t reduce the balance on your mortgage.

This type of repayment option is ideal if you’re looking to reduce your loan commitments at the beginning of your loan period (available for up to 15 years). It gives you the flexibility to pay off other debts or take advantage of wealth-building opportunities.

This repayment option involves paying off a portion of both the principal (the amount borrowed) and interest over an agreed period of time, up to 30 years. This repayment option lets you reduce your home loan balance when you make repayments.

When choosing a home loan, you should take into account any upfront and ongoing costs associated with the loan, including loan service, loan establishment, account keeping, redraw and early termination fees and charges. You can view all standard home loan rates and fees or compare home loans to see which loan is right for you.

Talk to a Home Lending Specialist

Talk to one of our Home Lending Specialists, to find a home loan that suits your needs.

We can help

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


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



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