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Benefits of a No Fee Variable Rate Home Loan

Fee free

Fee free

Enjoy no home loan related bank fees for the life of the loan, so you can save money and better manage your finances.#

Make additional repayments

Make additional repayments

Make the most of any extra funds to make additional repayments so you can pay off your home loan faster and save on interest.

Flexibility to redraw your extra repayments


Conveniently access your additional repayments fee-free using NetBank, by phone and in any CommBank branch.*

Things you should know

Comparison rate calculated on a $150,000 secured loan over a 25 year term. WARNING: 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.

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.

Interest rate is subject to change.

# Minimum loan amount $150,000. Lenders’ Mortgage Insurance/Low Deposit Premium and Government charges may apply. 

* Minimum redraw of $1,000 for any redraws conducted over the counter at any Commonwealth Bank branch.

** The rates shown are interest rates for Principal and Interest repayments. For all our rates including interest rates for Interest Only payments view our Home Loan Interest Rates.