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What is a MAV (Mortgage Advantage)?

See all Home loans FAQs

Last updated 05 May 2017

Mortgage Advantage benefits described below are for packages set up on the Bank’s package platform. For benefits of packages that are not on the package platform, please contact your broker or call 13 22 24 8am to 8pm.

Simplify your banking and save money at the same time. With our Home Loan Wealth Package you’ll enjoy special discounts on home loans, credit cards, Everyday Offset1 and insurance.

Plus, you’ll have a total view of your home loan, insurance, and other banking together in NetBank and the CommBank app.

What benefits does MAV give?

When you take up a MAV you can enjoy significant discounts on your borrowing, Everyday Offset, and insurance services. These benefits include:

  • Up to 0.7% p.a. off a Standard Variable Rate Home Loan
  • Up to 0.15% p.a. off a Fixed Rate Home Loan
  • No annual fee on an eligible Commonwealth Bank credit card

Details on these and other discounts can be found by clicking here.

How much can you save?

Depending on the CommBank products you choose, your MAV could results in significant savings.

For example, let’s imagine you have a standard variable rate home loan in your own name for $400,000, with an Everyday Offset account plus one Platinum Awards credit card and take out CommInsure Home Insurance (building only cover). How much could you save in the first year?²

Total savings in the first year = $2,470 ($2,865 - $395 Fee)What is the fee for MAV?



 First year

 Home Loan

 Up to 0.6% p.a. discount



 No establishment fee



 No monthly account fee



 No monthly offset fee3


 Credit card

 No annual fee


 Insurance (CommInsure)

 10% off a $500 premium for your Home Insurance  (building only cover)4



 Total MAV saving



 Minus the Annual Package Fee


What is the fee for MAV?

You can enjoy all the benefits of MAV for an annual fee of just $395. This will be debited to an eligible home loan account, or in some circumstances, may be redirected to a related transaction account for the home loan (for example, for interest-only loans).

Am I eligible for the MAV?

To be eligible for a MAV you must have an initial 'package lending balance' of at least $150,000.  ‘Package lending balance’ is the sum of the account balances 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 a MAV and will participate in the package.

Customers with Low Documentation Loans are not eligible to apply for MAV.

How do I apply for a MAV?

If you would like to apply for a MAV you can do so at any time by completing an application through your broker. For more information on the MAV click here.

1 Everyday Offset is a feature of our Complete Access Transaction Account which is linked to an eligible Standard Variable Rate Home Loan or Investment Home Loan, and account holder/s must also be account holder/s of the linked home loan. Terms and Conditions issued by Commonwealth Bank of Australia for Complete Access Account are available by calling 13 2221 24 hours a day, 7 days, by visiting our website or from any branch of the Commonwealth Bank. Other fees may apply.

2 The establishment fee will no longer be applicable after the first year. As the balance of the loan decreases, the interest savings will also decrease. Fees and discounts are accurate at time of print.

3 NetBank Service fees may apply. Access fees apply when you use the ATMs of other financial institutions in Australia or any ATM or EFTPOS overseas.

4 This discount cannot be used in conjunction with any other discount (other than those listed in the relevant Product Disclosure Statement or any Supplementary Product Disclosure Statement) or in conjunction with any other promotional offer, unless we have advised in the promotional offer that this discount will apply. We may remove or change this discount effective from the renewal date. This discount cannot be backdated. Minimum premiums may come into force and reduce the extent to which discounts are applied. To receive this discount, the Package holder must be a listed policyholder or an insured. To understand how these discounts are applied in the calculations of the premium refer to the PDS.  Home Insurance is issued by Commonwealth Insurance Limited ABN 96 067 524 216 AFSL 235030 (CIL). A Home Insurance Product Disclosure Statement (PDS) is available by calling 13 24 23, visiting or from a Commonwealth Bank branch. CommInsure is a registered business name of CIL. CIL is a wholly owned non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 (the Bank). The relevant PDS should be considered before making any decisions about products issued by CIL.

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