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About our Fixed Rate home loan

Features

  • Choice of interest rate periods – set rate for fixed periods of 1-5, 7, 10 or 15 years
  • Home Seeker conditional pre-approval – valid for six months
  • Variable loan terms – up to 30 years
  • Variable repayment frequency – benefit from the flexibility of choosing weekly, fortnightly or monthly1
  • After one year, loan reverts to the Standard Variable Rate home loan, or choose another of our home loans
  • Choice of repayment methods – four options:
    • via direct debit or automatic funds transfer
    • online
    • by phone
    • in a branch
  • Additional repayments – cut the term of your loan and save money in interest
  • Interest calculated daily – see immediate benefit from repayments
  • Rate Lock
    • Interest rates can change in the time between applying for a loan and when the loan funds
    • Rate Lock guarantees your chosen fixed rate for up to 90 days
    • Flexibility to add Rate Lock at any time during the application process
    • Must be locked in before funding and settlement
    • Only available for 1-5 year periods
    • $750 fee applies for each Rate Lock
  • Split-loan option – transfer some of the loan into a variable rate home loan to take advantage of the benefits of both fixed and variable rate loans.
  • Interest-only option – reduce loan commitments by paying only the interest amount due each month1
  • Interest in Advance:
    • Offers a 0.20% p.a. saving on interest-only Fixed Rate Investment home loans (1-5 year terms only)
    • Let’s investors consolidate interest payments into one lump sum3.

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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.

1 year fixed

4.94% p.a.

Comparison rate

5.95% p.a.

2 year fixed

4.99% p.a.

Comparison rate

5.87% p.a.

3 year fixed

5.24% p.a.

Comparison rate

5.86% p.a.

4 year fixed

5.74% p.a.

Comparison rate

5.99% p.a.

5 year fixed

5.84% p.a.

Comparison rate

6.02% p.a.

  • $600 up-front establishment fee
  • $8 monthly loan service fee
  • $750 Rate Lock fee (only available on 1-5 year periods; applies to each Rate Lock)

Full Fixed Rate home loan rates and fees information

1 year fixed

4.79% p.a.

Comparison rate

5.71% p.a.

2 year fixed

4.84% p.a.

Comparison rate

5.67% p.a.

3 year fixed

5.09% p.a.

Comparison rate

5.69% p.a.

4 year fixed

5.59% p.a.

Comparison rate

5.84% p.a.

5 year fixed

5.69% p.a.

Comparison rate

5.90% 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

Full Fixed Rate home loan rates and fees information

Add-ons

  • Rewards you for banking with us
  • Save 0.15% p.a. on Standard Fixed Rates
  • No up-front establishment fee5 (normally $600)
  • No loan service fees (normally $8 a month)
  • To qualify you need initial total home lending6 of at least $150,000 with us and to pay the $375 ($395 on and from 16 May 2014) Wealth Package annual fee  

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  • Link a Mortgage Interest Saver account to your Standard Variable Rate home loan to offset the funds in the account against your loan
  • Offsetting can save money in interest and reduce the term of your home loan
  • $1000 initial minimum deposit required
  • $500 subsequent minimum deposits and withdrawals

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  • Apply for a CommBank Awards or Gold credit card at the same time as a Standard Variable Rate home loan
  • We’ll waive the card’s annual fee for the first year, saving you up to $114
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  • A deposit guarantee7 is an alternative to a cash deposit
  • Useful if cash is tied up in other investments or you’re waiting to sell your existing property
  • Fee is from 1.2% of the overall deposit

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  • We’ll waive certain fees on eligible transaction accounts if your Relationship Balance is over $50,000
  • Make unlimited8 everyday CommBank transactions with no withdrawal or monthly account fees
  • Have your salary credited directly into this account and your home loan repayments automatically debited from it

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Range of home insurance, loan protection insurance and life insurance options available.

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Tools and calculators

Home loan calculators

Find the right home loan by calculating your loan amount, term, repayment amount and frequency. Choose a home and a home loan that suits your budget.

Tools

A fabulous resource for homebuyers, with articles, tools and advice to help you save money on your new home.

Fact sheets

Borrowing options

Borrowing options

Co-own a property with family or friends while keeping control of your finances. 

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Secure your loan with the help of family or friends who will help by mortgaging their property as added security.

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A low-documentation home loan that’s ideal for the self-employed or small business owner.

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Choose a borrowing solution that will help you get into the property market without a large deposit.

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Another solution if you don’t have a large deposit.

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If you buy a new property before selling your existing one, bridging finance can help.

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Add-ons

Gain access to your funds plus a fantastic rewards program with an Awards or Gold Awards credit card, and pay no fee for the first year.

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Enjoy significant savings on borrowing, everyday banking and insurance services. 

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If your finances are tied up in investments or you’re waiting to sell your existing property, a deposit guarantee is a convenient and cost-effective alternative to using a cash deposit when buying a home.

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With a CommBank home loan, you may have the option to choose low-fee accounts to manage your home loan and day-to-day transactions.

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Choose from a range of home insurance, loan protection insurance and life insurance options.

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Save thousands of dollars in interest and cut years off the term of your Home Loan with our Mortgage Interest Saver Account. 

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Related products

Standard Variable Rate

With a variety of features and a competitive variable rate, you’ll enjoy the flexibility of our Standard Variable Rate home loan or Investment home loan.

Learn more

No Fee Variable Rate

Take advantage of the flexibility and transparency of our No Fee Variable Rate home loan and benefit from saving on bank fees for the life of the loan.

Learn more

Base Variable Rate

With a range of features – including repayment redraw – and your choice of repayment plans, this flexible home loan will change as your life does.

Learn more

Talk to us

  • 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. The Bank will not charge any upfront establishment fees on Home Loans or Investment Home Loans under the Package. However, a deferred establishment fee may be payable if the Home Loan or Investment Home Loan was established prior to 21st March 2011 and is repaid in full within four years from the funding date of the loan but excluding repayment during a guaranteed interest rate period. Switching to another loan type permitted by us does not constitute repayment.

2. Total home lending balance is the sum of the account balance of home lending accounts and the credit limit of the line of credit accounts that you have with us. Any extra repayment that you make on your Home Loan will reduce your total home lending balance.

3. We act as an agent for Vero Insurance Limited to provide Deposit Guarantees. Vero Insurance issues Deposit Guarantees under the registered trademark ‘Deposit Power’. We receive commission for each Deposit Guarantee we sell. You can only apply for a Deposit Guarantee after you have unconditional loan approval (only subject to valuation).

4. 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.

5. Insurance refers to products offered by Commonwealth Insurance Limited ABN 96 067 524 216 (CIL) and The Colonial Mutual Life Association Society limited ABN 12 004 021 809 (CMLA) both wholly owned but non-guaranteed subsidiaries of the Commonwealth Bank of Australia. The issuer and insurer of Home Insurance is CIL and the Commonwealth Bank of Australia is the arranger of the insurance, Loan Protection and Life Insurance is offered by CMLA. The Commonwealth Bank of Australia and its subsidiaries (excluding CIL and CMLA) do not guarantee the obligations or performance of CIL or CMLA or the products they offer. Where the Commonwealth Bank of Australia acts as an agent for CIL or CMLA, the Commonwealth Bank receives a commission from CIL or CMLA respectively. Applications for Loan Protection are subject to assessment and the settlement and funding of your loan or establishment of your line of credit facility. Product Disclosure Statements (PDSs) are available for these products by calling 13 24 23, visiting commbank.com.au or from any branch of the Commonwealth Bank. The PDS should be considered before making any decisions about these products.

6. As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. Terms and conditions for Everyday Account are available on request. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.

7. 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. 

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