Our Standard Variable Rate offers a competitive rate and choice of flexible features tailored to your changing needs.
Standard Variable Rate
5.45 % p.a.
5.59 % p.a.
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.