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EXTRA HOME LOAN

Benefits of an Extra Home Loan

Introductory discounted home loan rate

Introductory discount

Enjoy a discounted interest rate for an introductory period and, at the end of the introductory period, a discount for the remaining life of the loan.*

Ongoing discounted home loan rate

Life of loan discount

Or choose to save on interest with a discounted interest rate for the life of the loan.#

Introductory discount

Flexibility

Choose from a range of options to meet your needs, including unlimited additional repayments and redraw, a repayment holiday, interest-only and top up.

Interest rates and fees - Introductory discount

With the Extra Home Loan – Introductory Rate, save on interest with a discounted interest rate for the introductory period and, at the end of the introductory period, a discount for the remaining life of the loan.*

2 Year Introductory Period

Interest rate

Comparison rate

Introductory Rate

4.04 %p.a.

4.46 %p.a.

Ongoing Rate

4.42 %p.a.

4.46 %p.a.

2 Year Introductory Period

Interest rate

Comparison rate

Introductory Rate

4.31 %p.a.

4.73 %p.a.

Ongoing Rate

4.69 %p.a.

4.73 %p.a.

  • $600 upfront establishment fee (waived for a limited time offer)
  • $8 monthly loan service fee.
Comparison rate warning

Interest rates and fees - Life of Loan discount

With the Extra Home Loan, save on interest with a discounted interest rate for the life of the loan.#



Interest rate

Comparison rate

Extra Home Loan (owner occupied)

4.19 %p.a.

4.30 %p.a.

Extra Home Loan (investment)

4.46 %p.a.

4.57 %p.a.

  • $600 upfront establishment fee (waived for a limited time offer)
  • $8 monthly loan service fee.
Comparison rate warning

How to apply

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

Why choose CommBank?

Expert lending support

Expert lending support

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

Access from any device at any time

Anywhere, anytime convenience

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

24 hour suppport

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.

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

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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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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 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

Important information

*Extra Home Loan – introductory rate provides a discounted margin off the Extra Home Loan reference rate available at the time loan documents are issued. As at 19 August 2016 Extra Home Loan reference rate for Owner Occupied home loans is 4.52 % p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.79 % p.a.

#Extra Home Loan provides a discounted margin off the Extra Home Loan reference rate available at the time loan documents are issued, for the life of the loan. As at 19 August 2016 Extra Home Loan reference rate for Owner Occupied home loans is 4.52 % p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.79 % p.a.

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.

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 dependent on having the required amount available in special repayments (extra repayments).

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.