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COMPARE HOME LOANS

The below rates apply to our Owner Occupied home loans with Principal and Interest repayments. Our Investment home loan rates and interest rates for Interest Only payments are available in our Summary of Interest Rates.
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A variety of features and a competitive variable rate. Great discounts available with our Wealth Package.

Enjoy the certainty of knowing exactly what your monthly repayment will be. Fix your repayment for periods of 1 to 5, or 7 years.

Use the equity in your home to build your wealth, renovate, or even take a holiday.

Enjoy no bank fees for the life of the loan, so you can save money and better manage your finances.

Get a great discounted rate on our 3 Year Special Economiser home loan.

Save on interest with an introductory discount# or an ongoing discount for the life of the loan.~

Call us on 13 2224

Call us on 13 2224

Call us on 13 2224

Call us on 13 2224

Call us on 13 2224

Call us on 13 2224

INTEREST RATES

INTEREST RATES

INTEREST RATES

INTEREST RATES

INTEREST RATES

INTEREST RATES

INTEREST RATES

Principal and Interest repayments

Principal and Interest repayments

Principal and Interest repayments

Principal and Interest repayments

Principal and Interest repayments

Principal and Interest repayments

Principal and Interest repayments

Interest rate 
(Principal and Interest repayments)

Interest rate 
(Principal and Interest repayments)

5.25% p.a.

Interest rate 
(Principal and Interest repayments)

From 4.14% p.a.

 

 

Interest rate 
(Principal and Interest repayments)

6.08% p.a.

 

Interest rate 
(Principal and Interest repayments)

4.55% p.a.

 

Interest rate 
(Principal and Interest repayments)

4.79% p.a.

 

Interest rate 
(Principal and Interest repayments)

4.12% p.a.
(Extra lifetime)
 

Comparison rate

Comparison rate

5.39% p.a.

Comparison rate

From 5.12% p.a.

 

Comparison rate

N/A

 

Comparison rate

4.55% p.a.

 

Comparison rate

4.94% p.a.

 

 

Comparison rate

4.13% p.a. 
(Extra lifetime)

Wealth Package saving

Wealth Package saving

Up to 0.70% p.a.

Wealth Package saving

0.15% p.a.

Wealth Package saving

Up to 0.70% p.a.

Wealth Package saving

Wealth Package saving

Wealth Package saving

Introductory rates

Introductory rates

Introductory rates

Introductory rates

Introductory rates

Introductory rates

Introductory rates

Introductory Rate^

Introductory Rate^

1 Year Guaranteed Rate, 12 Month Discounted Variable Rate

Introductory Rate^

Introductory Rate^

Introductory Rate^

Introductory Rate^

3 Year Special Rate Saver/Special Economiser

Introductory Rate^

2 Year Introductory Rate

Introductory Interest Rate*

Introductory Interest Rate*

4.39% p.a.

4.55% p.a.

Introductory Interest Rate*

Introductory Interest Rate*

Introductory Interest Rate*

Introductory Interest Rate*

4.32% p.a.

Introductory Interest Rate*

4.02% p.a.

Comparison Rate (Introductory rates)

Comparison Rate (Introductory rates)

5.31% p.a.

5.33% p.a.

Comparison Rate (Introductory rates)

Comparison Rate (Introductory rates)

Comparison Rate (Introductory rates)

Comparison Rate (Introductory rates)

4.81% p.a.

Comparison Rate (Introductory rates)

4.38% p.a.

FEES

FEES

FEES

FEES

FEES

FEES

FEES

Establishment Fee

Establishment Fee

$600

Establishment Fee

$600

Establishment Fee

$600

Establishment Fee

$0

Establishment Fee

$600

Establishment Fee

$0

Monthly Loan Service Fee

Monthly Loan Service Fee

$8

Monthly Loan Service Fee

$8

Monthly Loan Service Fee

$12

Monthly Loan Service Fee

$0

Monthly Loan Service Fee

$8

Monthly Loan Service Fee

$0

Cost of redraw

Cost of redraw

$0

Cost of redraw

N/A

 

Cost of redraw

$0

Cost of redraw

$0

Cost of redraw

$0

Cost of redraw

$0

Cost of Repayment Holiday

Cost of Repayment Holiday

$0

Cost of Repayment Holiday

N/A

Cost of Repayment Holiday

N/A

Cost of Repayment Holiday

$0

Cost of Repayment Holiday

$0

Cost of Repayment Holiday

$0

Break costs / charges: Early Repayment Adjustment (ERA)

Break costs / charges: Early Repayment Adjustment (ERA)

ERA may apply for the 1 Year Guaranteed Rate only, if you switch or repay the loan in full within the one year term. An Administrative Fee will also apply.

Break costs / charges: Early Repayment Adjustment (ERA)

ERA may apply if loan is switched, repaid by more than $10,000 in each year of your fixed rate loan, or repaid in full within the fixed term. An Administrative Fee will also apply.

Break costs / charges: Early Repayment Adjustment (ERA)

Break costs / charges: Early Repayment Adjustment (ERA)

Break costs / charges: Early Repayment Adjustment (ERA)

Break costs / charges: Early Repayment Adjustment (ERA)

Switch available

Switch available

Switch available

Switch available

Switch available

Switch available

Switch available

FEATURES

FEATURES

FEATURES

FEATURES

FEATURES

FEATURES

FEATURES

Split loan

Split loan

Split loan

Split loan

Split loan

Split loan

Split loan

Minimum Loan / Loan Increase (Top Up)

Minimum Loan / Loan Increase (Top Up)

$10,000

Minimum Loan / Loan Increase (Top Up)

$10,000

Minimum Loan / Loan Increase (Top Up)

$20,000; Top Up minimum of $10,000

Minimum Loan / Loan Increase (Top Up)

$150,000; Top Up minimum of $10,000

Minimum Loan / Loan Increase (Top Up)

$10,000

Minimum Loan / Loan Increase (Top Up)

$10,000; $150,000 for Introductory Rate; Top Up minimum of $10,000

Maximum Loan term

Maximum Loan term

Up to 30 years

Maximum Loan term

Up to 30 years

Maximum Loan term

N/A

Maximum Loan term

Up to 30 years

Maximum Loan term

Up to 30 years

Maximum Loan term

Up to 30 years

Minimum Loan term

Minimum Loan term

1 Year if Guaranteed Rate chosen; 12 months if 12 month Discounted Rate chosen

Minimum Loan term

1 Year

Minimum Loan term

No minimum

Minimum Loan term

No minimum

Minimum Loan term

No minimum

Minimum Loan term

No minimum

Additional Repayments

Additional Repayments

Yes (unlimited)

Additional Repayments

Yes (up to $10,000 in each year of your fixed rate loan)

Additional Repayments

Yes (unlimited)

Additional Repayments

Yes (unlimited)

Additional Repayments

Yes (unlimited)

Additional Repayments

Yes (unlimited)

Redraw

Redraw

Redraw

Redraw

Redraw

Redraw

Redraw

Repayment Holiday allowed

Repayment Holiday allowed

Repayment Holiday allowed

N/A

Repayment Holiday allowed

N/A

Repayment Holiday allowed

Repayment Holiday allowed

Repayment Holiday allowed

Principal & Interest or Interest Only repayments

Principal & Interest or Interest Only repayments

Principal & Interest or Interest Only repayments

Principal & Interest or Interest Only repayments

Principal & Interest or Interest Only repayments

Principal & Interest or Interest Only repayments

Principal & Interest or Interest Only repayments

Interest in Advance option

Interest in Advance option

Interest in Advance option

Interest in Advance option

Interest in Advance option

Interest in Advance option

Interest in Advance option

Access methods

Access methods

ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch

Access methods

Internet, Telephone, Branch, ATM (balances, deposits)

Access methods

ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch

Access methods

BPAY, Internet, Telephone, Branch

Access methods

ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch

Access methods

ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch

Direct salary credit

Direct salary credit

Direct salary credit

Direct salary credit

Direct salary credit

Direct salary credit

Direct salary credit

Offset account

Offset account

Yes

Offset account

Yes (1.5% partial offset only)

Offset account

Offset account

Offset account

Offset account

Waiver of monthly loan service fee

Waiver of monthly loan service fee

Yes (with package option)

Waiver of monthly loan service fee

Yes (with package option)

Waiver of monthly loan service fee

Yes (with package option)

Waiver of monthly loan service fee

Waiver of monthly loan service fee

Waiver of monthly loan service fee

Waiver on annual credit card fee

Waiver on annual credit card fee

Ongoing waiver on selected credit cards with package option1

One year waiver on most credit cards2

Waiver on annual credit card fee

Ongoing waiver on selected credit cards with package option1

One year waiver on most credit cards2

Waiver on annual credit card fee

Ongoing waiver on selected credit cards with package option1

One year waiver on most credit cards2

Waiver on annual credit card fee

Waiver on annual credit card fee

Waiver on annual credit card fee

Waiver of establishment fee

Waiver of establishment fee

Yes (with package option)

Waiver of establishment fee

Yes (with package option)

Waiver of establishment fee

Yes (with package option)

Waiver of establishment fee

Waiver of establishment fee

Waiver of establishment fee

Rate Lock+

Rate Lock+

Only on 1 Year Guaranteed Rate. $750 fee (non-refundable)

Rate Lock+

Only available at application for 1-5 Year fixed rates. $750 fee (non-refundable)

Rate Lock+

Rate Lock+

Rate Lock+

Rate Lock+

CommInsure payments through loan account

CommInsure payments through loan account

CommInsure payments through loan account

CommInsure payments through loan account

CommInsure payments through loan account

CommInsure payments through loan account

CommInsure payments through loan account

Low Doc

Low Doc

Low Doc

Low Doc

Low Doc

Low Doc

Low Doc

Pay credit card automatically

Pay credit card automatically

Pay credit card automatically

Pay credit card automatically

Pay credit card automatically

Pay credit card automatically

Pay credit card automatically

or

Already a customer banking online with us?

Save time using your
Netbank details

 

Apply in Netbank

New customer or don't bank online with us?

Apply now

or

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. 

 

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Split Loan

If you're unsure which Loan option is right for you, you may like to consider a split (variable/fixed) option. A split loan gives you the best of both worlds such as the ability to make unlimited special repayment, redraw and offset deposit funds, without exposing your entire loan to fluctuations in interest rates. How you choose to split the loan is up to you. Again, be aware that penalties apply if you repay the fixed portion of the loan early. To find out more, please call 13 2224 or contact a mobile banker.

What is a comparison rate?

A comparison rate helps you identify the true cost of a loan. It takes into account the interest rate, loan set-up costs, the term of the loan, and any other up front or ongoing fees associated with a loan.

When deciding on the loan that suits your particular needs, it's important to consider all features of the loan, not just the comparison rate. For example, features such as the convenience of Internet banking or flexible repayment arrangements are not included in the comparison rate.

It's also important to know that the comparison rate does not include:

  • Government charges, such as stamp duty or mortgage registration fees.
  • Fees and charges associated with certain loan options that may or may not be used by the lender, such as early repayment or redraw fees.
  • Fees and charges which may not be available at the time the comparison rate is provided.

Important information:

With a Commonwealth Bank home loan, you can get 6 months' pre-approval and take your time to shop. If saving a large enough deposit seems to take forever, we offer a Property Share option so you can split the cost of purchase with a friend or relative, and Guarantor Support to assist with securing your loan. Our home loans are also portable, so if you sell your property down the track, you can take your loan with you. You can also top up your home loan and have access to more funds, as your needs change over time. Finally, with all our home loans, interest is calculated daily in arrears and charged monthly. And you have a choice of weekly, fortnightly or monthly repayments. Use the comparison table to find out which loan type suits you best.

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.

# Extra Home Loan - Introductory rate provides a discounted margin off the applicable reference rate available at the time loan documents are issued. After the discounted period ends the rate will convert to the applicable reference rate with a new discount applicable for remaining life of loan. Currently the owner occupied home loan Extra Variable Rate reference rate is 4.55% p.a. and the Investment Home Loan Extra Variable Rate reference rate is 5.10% p.a.

~ Extra Home Loan provides a discounted margin off the applicable reference rate available at the time loan documents are issued, for the life of the loan. Currently the owner occupied home loan Extra Variable Rate reference rate is 4.55% p.a. and the Investment Home Loan Extra Variable Rate reference rate is 5.10% p.a.

^ Extra Home Loan (2 Year Introductory Rate), 1 Year Guaranteed Rate, 12 Month Discounted Variable Rate and 3 Year Special Economiser/Rate Saver Rate are available for new borrowings only. The interest rate for the discounted period applies from the date of first loan drawing.

* The associated rate includes a margin below the applicable reference rate. For these products, the interest rate will increase at the end of the introductory period.

To be eligible for Wealth Package, you must have a current eligible home loan or line of credit with an initial ‘package lending balance' of at least $150,000 when you apply for Wealth Package, and pay an annual package fee of $395, debited to an eligible home loan account. Wealth Package terms and conditions available on request. Package discounts are not available on Low Documentation Loans.

  1. While you hold a Wealth Package you are entitled to an annual fee waiver on one eligible CommBank credit card. Refer to Wealth Package Fact Sheet for all eligibility criteria. An annual package fee applies to Wealth Package.
  2. The one year annual fee waiver applies to the first year’s annual fee if you apply for an eligible CommBank credit card at the same time as your home loan application. Excludes business liability credit cards, corporate cards and personal liability Business credit cards without Awards.

+ Rate Lock allows you to lock in the interest rate for a period of 90 days effective from the date we process your request. Rate Lock is only available at application and the non-refundable fee applies to each Rate Lock. At the end of the fixed/guaranteed rate period, the interest rate converts to the then current Standard Variable Rate, less any applicable package discount specified in your Loan Contract.

Commonwealth Bank of Australia ABN 48 123 123 124