Help us improve our website by completing a quick survey. Start survey now

Extra home loan

You’ll need to update your browser so you can continue to log on to your online banking from 28th February. Update now.

Close

Benefits of an Extra Home Loan

Low rate

Low rate

Save on interest with a low rate for an introductory period or for the life of your loan.

Low fee

Low fee

Enjoy no monthly fees and no establishment fee with our Extra Home Loan.

Redraw

Redraw

Enjoy convenient, fee-free access to additional repayments you make, through NetBank, phone banking, selected ATMs or by visiting us in a branch.

Interest rates and fees - Introductory discount

Save on interest with a discounted rate for the introductory period, and at the end of the introductory period, a discount for the remaining life of the loan.*
The rates shown are interest rates for Principal and Interest repayments.**

2 Year Introductory Period

Interest rate

Comparison rate

Introductory Rate

3.89 %p.a.

4.28 %p.a.

Ongoing Rate

4.35 %p.a.

4.28 %p.a.

2 Year Introductory Period

Interest rate

Comparison rate

Introductory Rate

4.29 %p.a.

4.64 %p.a.

Ongoing Rate

4.70 %p.a.

4.64 %p.a.

  • $0 establishment fee
  • $0 monthly loan service fee
Comparison rate warning

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 - Life of Loan discount

With the Extra Home Loan, save on interest with a low rate for the life of the loan. The rates shown are interest rates for Principal and Interest repayments.**



Interest rate

Comparison rate

Extra Home Loan (owner occupied)

3.99 %p.a.

4.00 %p.a.

Extra Home Loan (investment)

4.44 %p.a.

4.45 %p.a.

  • $0 establishment fee
  • $0 monthly loan service fee
Comparison rate warning

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?

Buy with confidence

Buy with confidence

A Home Lending Specialist can guide you on your home buying journey.

Make an appointment
Anywhere, anytime convenience

Anywhere, anytime convenience

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

Property search

Property search

Search for properties with our comprehensive search tool and get the CommBank market estimate on your favourite property.

Visit our Home Buying hub

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

We can help

Speak to a dedicated Home Lending Specialist today or apply online.

Drop into a branch

We’ve got home lending specialists at over 950 branches across Australia.

Make an appointment

We’ll come to you

Ask a mobile lending specialist to meet you at a time and place that suits you.

Make an appointment

Things you should know

* Extra Home Loan – introductory rate provides a discounted margin off the Extra Home Loan reference rate available at the time loan documents are issued. At the end of the 2 Year Introductory rate period, a reduced discount applies for the remaining life of the loan which will result in the Interest Rate and repayments increasing at that time. As at 16 December 2016 Extra Home Loan reference rate for Owner Occupied home loans is 4.45 % p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.80 % 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 16 December 2016 Extra Home Loan reference rate for Owner Occupied home loans is  4.45 % p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.80 % 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.

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.

Interest only payments can only be made monthly. The maximum interest only payment period over the life of a loan is 10 years for Investment Home Loans and 5 years for owner-occupied Home Loans, as long as there is a minimum of five years remaining on the Contracted Loan Term.

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).

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.

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.