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About Reverse Mortgage (Equity Unlock Loan for Seniors)


Our Equity Unlock Loan for Seniors (65 years or over) lets you:

  • Supplement your income without limiting your lifestyle or selling your home
  • Access the equity in your home
  • Borrow up to 40 per cent of the value of your property to a maximum of $425,000 depending on your age
  • Make no regular repayments as interest, fees and charges accumulate until the loan is repaid (you can also repay the loan sooner)
  • Take one lump sum or access funds online via NetBank, phone, at selected ATMs, EFTPOS, Australia Post EFTPOB terminals or at a CommBank branch
  • Defer repayment until you no longer live in the home
  • Avoid leaving debt for your family with our no negative equity guarantee
  • Benefit from increases in your home’s value
  • Learn more with our Reverse Mortgage Information Statement 
  • Try the reverse mortgage calculator on the Australian Securities and Investments Commission Money Smart website

Learn more

Rates and fees

  • Establishment fee of $950
  • Monthly service fee of $12

Interest rate7.05%PA

Comparison rate7.16%PA

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. 


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

Fact sheets

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Base Variable Rate

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Important information

1 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.

2 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 the Home Insurance is CIL and the Commonwealth Bank of Australia is an 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 or from any branch of the Commonwealth Bank. The PDS should be considered before making any decisions about these products.

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.

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.

If you choose to draw funds on a periodical basis, the full amount of the credit limit may not be available due to the capitalised effect of interest and fees.

Borrowers can make withdrawals at any time provided the withdrawal does not take the debit balance beyond the approved limit.

The borrower's liability is limited to the value of their interest in the property provided they have not breached any terms of, nor any warranty or representation in connection with, the loan contract.