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CommBank standard variable rate home loans

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Benefits of a Standard Variable Rate Home Loan


Complete flexibility

With our full range of features, you could take out a split loan, make unlimited additional repayments and redraws and make interest only payments.1

Interest offset

Interest offset

Deposit your funds into your offset facility, which may help you save interest and gives you easy access to your money.*

Top up

Top up

Increase your existing home loan by as little as $10,000, so you can have access to additional funds when you need them.

Our featured rates

Standard Variable Rate
(owner occupied)

Interest rate5.22%PA

Comparison Rate5.36%PA

Standard Variable Rate

Interest rate5.80%PA

Comparison Rate5.94%PA

The rates shown above are interest rates for Principal and Interest repayments.**

View all our Standard Variable Rates

Enjoy special discounts on loans, credit cards, everyday banking and insurance with our Wealth Package.

  • $395 annual package fee
  • Save up to 0.70% p.a. on the Standard Variable Rate
  • $600 establishment fee waived3
  • $8 monthly loan service fee waived

Available on a range of fixed and standard variable rate home loans and Lines of Credit. Requires a package lending balance of at least $150,000 with us.#

Interest rates and fees

Our Standard Variable Rate offers a competitive rate and choice of flexible features tailored to your changing needs. Standard Variable Rate home loan interest rates and fees vary depending on whether or not you choose our Wealth Package. The rates shown are interest rates for Principal and Interest repayments.**

Interest rate

Comparison rate

Standard Variable Rate (owner occupied) 

5.22 % p.a.

5.36 % p.a.

Standard Variable Rate (investment)

5.80 % p.a.

5.94 % p.a.

  • Save up to 0.70% p.a. on standard variable rates
  • $0 upfront establishment fee (usually $600)
  • $0 monthly loan service fee (usually $8)

Introductory rates are only available for new loans. At the end of the discounted period, the interest rate converts to the applicable Standard Variable Rate relevant to your loan type and repayment type at that time. Or, you can choose another home loan option.

Interest rate

Comparison rate

12 Month Discounted Variable Rate (owner occupied)

4.52% p.a.

5.30% p.a.

12 Month Discounted Variable Rate (investment)

5.10% p.a.

5.79% p.a.

1 Year Guaranteed Rate (owner occupied)

4.39% p.a.

5.28% p.a.

1 Year Guaranteed Rate (investment)

4.79% p.a.

5.84% p.a.

  • Save 0.40% p.a. on the Standard Variable Rate at the end of the Introductory period
  • $0 upfront establishment fee (usually $600)
  • $0 monthly loan service fee (usually $8)
  • $750 rate lock fee on the 1 Year Guaranteed Rate

Why choose CommBank?

Tailored rates

Tailored rates

Get a loan and interest rate tailored for you, bringing you the best deal for your situation.

Expert lending support

Expert lending support

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

Anywhere, anytime convenience

Anywhere, anytime convenience

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

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

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

Learn more

With our home loan Wealth Package, you’ll enjoy special discounts on home loans, credit cards, Everyday Offset and insurance.

Learn more

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

Learn more

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

Learn more

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

Learn more

 Insuring your home

Home Loan Protection

Get help with your home loan repayments or help your loved ones cover the balance should the unexpected happen.

Calculate the cover

Insurance for your home

Protect your building and/ or contents against fire, flood, theft and more. 

Discover how

Home Insurance for your investment

Cover your building, contents and rental income when you lease your investment property or holiday home to tenants.

Tell me more

Things you should know

1. Interest only payments can only be made monthly. The maximum interest only payment period over the life of a loan is 10 years for Investment Home Loans and 5 years for owner-occupied Home Loans, as long as there is a minimum of five years remaining on the Contracted Loan Term.

2. Minimum $1,000 withdrawal with a $0 Redraw fee over the counter at any Commonwealth Bank branch and no minimum 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.

* On the 12 month discounted variable rate and 1 year guaranteed rate, only the Mortgage Interest Saver Account is available for 100% interest offset and for the interest offset to apply there must be a minimum of $1,000. You can have unlimited Everyday Offset accounts linked to the one home loan but you can only have one MISA linked to the one home loan.

** 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.

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.

# 'Package lending balance' is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans are limited to those accounts that can be included in the Wealth Package. 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.