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Making changes to your home loan

As things in your life change, you can adjust your home loan and your repayments to fit your changing needs. If you think it’s time to take another look at how your loan is set up, or want some guidance reviewing your home loan, you can talk to us or take advantage of the changes you can make 24/7 in NetBank and in the CommBank app.

See what changes you can make to your home loan in NetBank

If you’d like to change your repayment type between principal and interest, or interest only, you can do this anytime in NetBank and in the CommBank app.

The benefit of a principal and interest home loan is that you’ll reduce your loan balance and cover the interest owed each repayment, however your monthly repayment amount will be higher. Choosing interest only will lower your monthly repayment amount, but you'll pay more interest over the life of your loan.

Changing your CommBank home loan from variable to fixed rate is easy using the tool below. Best of all, your loan number will usually stay the same, so you don’t have to worry about changing any direct debit or salary credit arrangements you've set up with your loan.

Download the switching T&C’s*

You can now make changes to both the amount of your monthly repayments and the frequency with which you pay back your home loan to suit your schedule and budget, provided:

  • Your home loan is variable rate
  • Your existing repayments are principal and interest (that is, you are not paying interest only or interest in advance), and
  • You are a personal borrower with authority to operate (no guarantor or trust is involved), and your co-borrower doesn’t need to authorise changes.


With our Wealth Package, you’ll enjoy special discounts on selected loans and credit cards.

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Our Everyday Account is an all-in-one solution that offers the flexibility you need. Enjoy low-fee everyday banking with a Debit Mastercard®.

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Pay no credit card annual fee with the Wealth Package, a saving of up to $349 per year with the Diamond Awards credit cards. No Wealth Package? You’ll pay no annual fee for the first year when you apply for a credit card at the same time as your home loan.

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Offset the funds in your linked accounts against the balance of your home loan, to potentially save thousands of dollars in interest.

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Important information

Mastercard is a registered trademark of Mastercard International Incorporated. 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. Everyday Offset is a feature of our Complete Access Transaction Account which is linked to an eligible Standard Variable Rate Home Loan or Investment Home Loan, and accountholder/s must also be accountholders of the linked home loan. Terms and conditions for the transaction and savings accounts mentioned are available from or from any branch of the Bank. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.

* 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.