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NO FEE VARIABLE RATE HOME LOAN

Benefits of a No Fee Variable Rate Home Loan

Fee free

Fee free

Enjoy no 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

Redraw

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

Interest rates and fees

No Fee Variable Rate
(owner occupied)

Interest rate4.52%PA

Comparison Rate4.52%PA

No Fee Variable Rate
(investment)

Interest rate4.79%PA

Comparison Rate4.79%PA

Apply for a home loan online and get a response in 60 seconds.

Make an appointment with a Home Lending Specialist.

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?

Expert lending support

Expert lending support

Make confident decisions, with specialists who partner with you at every step.

Anywhere, anytime convenience

Anytime, anywhere convenience

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

24/7 support

24 hour support

Our Australian based service team is there to help, 24 hours a day, 365 days a year.

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

Borrowing options

Split the cost of a home with family or friends, while retaining individual control of your finances. Available on most home loans.

Learn more

A family member can help you secure a home loan by mortgaging their own property as additional security.

Learn more

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

Learn more

Similar to Lenders’ Mortgage Insurance, this additional cost is added to your loan, so you don’t have to come up with these funds upfront.

Learn more

Get the finance you need to buy a new property before you’ve settled on the sale of your existing one.

Learn more

A convenient alternative to a cash deposit if your finances are tied up in investments or you’re waiting to sell your home.

Learn more

We can help

Ready to apply or want to discuss your home loan needs?

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

Things you should know

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.

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. Third party charges apply (eg. government charges). Lenders mortgage insurance (either Lenders Mortgage Insurance (LMI) or Low Deposit Premium (LDP)) applies to loans with less than 20% deposit. Minimum loan amount $150,000 (excluding LMI or LDP costs, if applicable). Full terms and conditions included in our loan offer.

# Minimum loan amount $150,000. Lenders mortgage insurance (either Lenders Mortgage Insurance or Low Deposit Premium) applies to loans with less than 20% deposit. Third party charges apply (e.g. government charges).

^ 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

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