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Our Standard Variable Rate offers a competitive rate and choice of flexible features tailored to your changing needs.

Standard Variable Rate
(owner occupied)

Interest rate5.45%PA

Comparison Rate5.59%PA

Standard Variable Rate

Interest rate5.72%PA

Comparison Rate5.86%PA

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Why choose a Standard Variable Rate Home Loan?

Conditional pre-approval icon

Conditional pre-approval

Get obligation-free conditional pre-approval on your home loan, so you can start looking with confidence.^

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Flexible loan terms

Access flexible loan terms up to 30 years, so you can shape your mortgage to suit changes to you.

Flexible repayments icon

Flexible repayments

Benefit from the flexibility of choosing weekly, fortnightly or monthly repayments (interest-only repayments are monthly).

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Repayment redraw

Withdraw additional repayments at any time from selected ATMs, EFTPOS, Australia Post EFTPOB terminals, online via NetBank, by phone or in any CommBank branch.

Interest-only option icon

Interest-only option

Reduce loan commitments by paying only the interest amount due each month.1

Split-loan option icon

Split-loan option

If you’re unsure whether a Variable Rate or Fixed Rate is right for you, you could consider a split loan.

Interest rates and fees

Interest rate

Comparison rate

Standard Variable Rate (owner occupied) 

5.45 % p.a.

5.59 % p.a.

Standard Variable Rate (investment)

5.72 % p.a.

5.86 % p.a.

  • $600 upfront establishment fee
  • $8 monthly loan service fee
  • Save up to 0.70% p.a. for this loan
  • No up-front establishment fee3
  • No monthly loan service fee for life of the loan
  • Additional savings on banking, investment and insurance services

Borrowing options

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

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

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Benefit from significant savings on borrowing, everyday banking and insurance services, as a reward for banking with us.

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

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Apply for a home loan without the financial statements or tax returns usually required, if you’re a self-employed customer or small business owner.

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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 and cut years off the term of your home loan.

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Learn more about home loans

Which rate is right for me?

Which rate is right for me?

Whether you choose a fixed rate or variable rate mortgage will depend on your individual circumstances and financial goals.

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Conditional pre-approval

Get obligation-free conditional pre-approval on your home loan, so you can start looking with confidence.^

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Important information

1 Interest-only repayments can only be made monthly. The interest-only payment period may be for any term of 1 – 15 years for Investment Home Loans and 1 – 10 years for owner-occupied Home Loans, irrespective of the fixed, guaranteed, or discounted variable rate term.

2 Minimum $1,000 withdrawal with a $5 Redraw fee over the counter at any Commonwealth Bank branch and $500 electronically with a $0 Redraw fee. Redraw and Repayment Holiday are dependent on having the required amount available in special repayments (extra repayments).

3 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.

^ 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.

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.

An annual fee and eligibility criteria applies to Wealth Package and terms and conditions are available on application. 

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.