Fixed rate home loan - CommBank

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FIXED RATE HOME LOAN

Enjoy the assurance of knowing exactly what your monthly repayment will be with the ability to lock in your interest rate for up to 15 years. Or get the best of both worlds with a fixed and variable rate split-loan option.

3 year fixed package rate*

Interest rate4.69%PA

Comparison Rate5.28%PA

5 year fixed package rate*

Interest rate4.59%PA

Comparison Rate5.20%PA

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Why choose a Fixed Rate Home Loan?

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Choice of fixed rate periods

Lock in a great interest rate for a fixed period, with a range of options between one and 15 years, to help you plan with certainty.

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Conditional pre-approval

Get obligation-free conditional pre-approval on your home loan, so you can start looking with confidence.^

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Rate Lock

Interest rates can change from the time you apply for a loan to when it’s funded. Rate Lock guarantees your chosen fixed rate for up to 90 days. Fees apply.

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Split-loan option

If you’re unsure whether a Variable Rate or Fixed Rate is right for you, you could consider a split loan.

Interest-only option icon

Interest-only option

Reduce loan commitments by paying only the interest amount due each month.1

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Interest in advance

Save on interest-only Fixed Rate investment home loans (one to five-year terms only), to consolidate interest payments and help you manage your tax.

Interest rates and fees

Interest rates can be fixed for 1-5, 7, 10 or 15 years. At the end of the fixed rate period, the loan converts to a Standard Variable Rate home loan, or you have the flexibility to choose a new fixed rate period.

Fixed Rate home loan interest rates and fees vary depending on whether or not you choose our Wealth Package.

Term

Comparison rate

1 year fixed

4.84% p.a.

Comparison rate

5.53% p.a.

2 year fixed

4.74% p.a.

Comparison rate

5.46% p.a.

3 year fixed

4.84% p.a.

Comparison rate

5.43% p.a.

4 year fixed

5.14% p.a.

Comparison rate

5.48% p.a.

5 year fixed

4.74% p.a.

Comparison rate

5.29% p.a.

  • $600 upfront establishment fee
  • $8 monthly loan service fee
  • $750 Rate Lock fee. Applies to each Rate Lock. Only available on 1-5 year periods
Comparison rate warning

Term

Comparison rate

1 year fixed

4.69% p.a

Comparison rate

5.32% p.a.

2 year fixed

4.59% p.a

Comparison rate

5.28% p.a.

3 year fixed

4.69% p.a.

Comparison rate

5.28% p.a.

4 year fixed

4.99% p.a.

Comparison rate

5.36% p.a.

5 year fixed

4.59% p.a.

Comparison rate

5.20% p.a.

  • No up-front establishment fee
  • No monthly loan service fee
  • $750 Rate Lock fee (only available on 1-5 year periods; applies to each Rate Lock
  • Additional savings on banking, investment and insurance services
Comparison rate warning

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

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Benefit from significant savings on borrowing, everyday banking and insurance services, as a reward for banking with us.

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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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Apply for a home loan without the financial statements or tax returns usually required, if you’re a self-employed customer or small business owner.

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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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Learn more about home loans

Which rate is right for me?

Which rate is right for me?

Whether you choose a fixed rate or variable rate mortgage will depend on your individual circumstances and financial goals.

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Conditional pre-approval

Get obligation-free conditional pre-approval on your home loan, so you can start looking with confidence.^

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Ready to apply or you would like to discuss your home loan needs?

Important information

  • All comparison rates are calculated on the basis of secured credit of $150,000 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 the Bank's normal credit approval. Full terms and conditions are included in the Loan Offer. Other fees and charges are payable.

1 Interest-only repayments 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.


^ 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.

* Package requires $150,000 in total home lending, and an annual fee of $395 applies. 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 a fee applies. At the end of the fixed rate period, the interest rate converts to the then current Standard Variable Rate, less any applicable package discount specified in your Loan Contract.

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