There are a couple of fixed rate home loan options on offer from the Commonwealth Bank, depending on whether you’re an owner occupier or an investor. Fixed rate loans are available for amounts beginning at $10,000 and LVRs up to 95% for owner occupiers or 90% for investors. You’ll pay both a monthly service fee and an upfront application fee, so make sure you balance that out by cashing in on the flexible features, like fee free extra repayments up to the value of $10,000 p.a. and the ability to choose between weekly, fortnightly or monthly repayments.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.84% p.a. |
8.34% p.a. |
$8.00 monthly |
$800 |
||
|
6.74% p.a. |
8.31% p.a. |
$8.00 monthly |
$800 |
||
|
6.89% p.a. |
8.75% p.a. |
$8.00 monthly |
$800 |
||
|
6.79% p.a. |
8.72% p.a. |
$8.00 monthly |
$800 |
CommBank offers a range of variable rate home loan options for homebuyers with an LVR of up to 95%, looking to borrow amounts starting at $10,000. Like the fixed rate alternative, you’ll pay a monthly and upfront fee on a CommBank standard variable rate home loan - but in return, you can enjoy a host of flexible, money saving features. This includes unlimited fee free extra repayments, unlimited free redraws both online and over the counter and the full use of an offset account. Don’t like the look of those fees? There’s also an option with no application fees, although you won’t have the use of an offset account with this choice.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
7.35% p.a. |
7.05% p.a. |
$0.00 |
$200 |
||
|
6.79% p.a. |
6.81% p.a. |
$0.00 |
$200 |
||
|
7.14% p.a. |
7.16% p.a. |
$0.00 |
$200 |
||
|
7.84% p.a. |
7.86% p.a. |
$0.00 |
$200 |
||
|
7.15% p.a. |
6.85% p.a. |
$0.00 |
$200 |
||
|
6.59% p.a. |
6.60% p.a. |
$0.00 |
$200 |
||
|
7.25% p.a. |
6.95% p.a. |
$0.00 |
$200 |
||
|
6.69% p.a. |
6.71% p.a. |
$0.00 |
$200 |
||
|
9.29% p.a. |
9.17% p.a. |
$8.00 monthly |
$800 |
||
|
8.80% p.a. |
8.95% p.a. |
$8.00 monthly |
$800 |
||
|
7.26% p.a. |
6.96% p.a. |
$0.00 |
$200 |
||
|
6.70% p.a. |
6.71% p.a. |
$0.00 |
$200 |
||
|
7.31% p.a. |
7.01% p.a. |
$0.00 |
$200 |
||
|
6.75% p.a. |
6.77% p.a. |
$0.00 |
$200 |
||
|
7.45% p.a. |
7.15% p.a. |
$0.00 |
$200 |
||
|
6.89% p.a. |
6.91% p.a. |
$0.00 |
$200 |
||
|
7.64% p.a. |
7.66% p.a. |
$0.00 |
$200 |
||
|
7.94% p.a. |
7.96% p.a. |
$0.00 |
$200 |
||
|
8.20% p.a. |
7.91% p.a. |
$0.00 |
$200 |
||
|
9.64% p.a. |
9.64% p.a. |
$8.00 monthly |
$800 |
||
|
9.38% p.a. |
9.53% p.a. |
$8.00 monthly |
$800 |
Snag a fixed rate Wealth Package home loan from the Commonwealth Bank to cut back on fees and keep your wallet plump and happy. With a Wealth Package home loan, you’ll enjoy a discount on your home loan interest rates, plus the monthly and upfront fees will be waived (although there is an annual package fee to factor in). You can also say goodbye to annual fees on one eligible CommBank credit card.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.69% p.a. |
8.02% p.a. |
$395.00 yearly |
$200 |
||
|
6.59% p.a. |
7.99% p.a. |
$395.00 yearly |
$200 |
||
|
6.74% p.a. |
8.43% p.a. |
$395.00 yearly |
$200 |
||
|
6.64% p.a. |
8.40% p.a. |
$395.00 yearly |
$200 |
Like the fixed rate option, variable rate Wealth Package home loans from CommBank are available for amounts starting at $150,000 and LVRs up to 95%, plus they also come jam packed with savings including discounted interest rates on your home loan. Fees will become a distant memory, as the monthly and upfront fees are waived on your home loan, along with fees on a range of CommBank credit cards. You'll also have access to heaps of flexible features like unlimited free extra repayments, free redraws, repayment holidays, and access to an offset account.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.98% p.a. |
7.05% p.a. |
$395.00 yearly |
$200 |
||
|
7.08% p.a. |
7.15% p.a. |
$395.00 yearly |
$200 |
||
|
7.18% p.a. |
7.25% p.a. |
$395.00 yearly |
$200 |
||
|
6.49% p.a. |
6.86% p.a. |
$395.00 yearly |
$200 |
||
|
6.59% p.a. |
6.96% p.a. |
$395.00 yearly |
$200 |
||
|
6.69% p.a. |
7.06% p.a. |
$395.00 yearly |
$200 |
||
|
6.94% p.a. |
7.30% p.a. |
$395.00 yearly |
$200 |
||
|
7.74% p.a. |
8.09% p.a. |
$395.00 yearly |
$200 |
||
|
6.86% p.a. |
7.06% p.a. |
$395.00 yearly |
$200 |
||
|
6.91% p.a. |
7.11% p.a. |
$395.00 yearly |
$200 |
||
|
6.96% p.a. |
7.16% p.a. |
$395.00 yearly |
$200 |
||
|
7.65% p.a. |
7.85% p.a. |
$395.00 yearly |
$200 |
||
|
6.60% p.a. |
6.97% p.a. |
$395.00 yearly |
$200 |
||
|
6.65% p.a. |
7.02% p.a. |
$395.00 yearly |
$200 |
||
|
6.70% p.a. |
7.07% p.a. |
$395.00 yearly |
$200 |
||
|
7.39% p.a. |
7.75% p.a. |
$395.00 yearly |
$200 |
||
|
7.84% p.a. |
8.19% p.a. |
$395.00 yearly |
$200 |
With a CommBank home loan you can pay off your home loan faster thanks to the extra repayments facility. But keep in mind, while you can make as many additional payments as you like with its variable rate loans, extra repayments are capped at a value of $10,000 p.a with the fixed rate alternatives.
Struggling to save up a deposit? With many Commonwealth Bank home loan options, you can borrow up to 95% of your property’s value, although be mindful that if you borrow more than 80%, you may have to pay Lenders Mortgage Insurance.
CommBank’s flexible repayment schedule allows you to match up your repayments to when you receive your salary either weekly, fortnightly or monthly.
Enjoy waived annual fees on your credit card when you bundle it with your CommBank home loan into a Wealth Package. Plus, enjoy discounted package interest rates to boot!
Mozo users have rated Commonwealth Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
6045 Reviews
FLEXIBLE AND ACCESSIBLE
Read full reviewFLEXIBLE AND ACCESSIBLE
It is mostly fine but can be very impersonal at times
Read full reviewIt is mostly fine but can be very impersonal at times
Commonwealth bank are all round good. They offer a great Netbank service. They have good customer service. However, they do not offer competitive prices.
Read full reviewCommonwealth bank are all round good. They offer a great Netbank service. They have good customer service. However, they do not offer competitive prices.
CBA has an excellent phone app which makes everyday banking as well as some of the less usual tasks (like home loan adjustments etc) so much easier! You can also track your spending in categories like home, food & travel etc.
Read full reviewCBA has an excellent phone app which makes everyday banking as well as some of the less usual tasks (like home loan adjustments etc) so much easier! You can also track your spending in categories like home, food & travel etc.
Always willing to negotiate when I call re home loan rate so that's always good, although it would be better if you were just automatically on the lesser rate.
Read full reviewAlways willing to negotiate when I call re home loan rate so that's always good, although it would be better if you were just automatically on the lesser rate.
Is a CommBank home loan right for you? If the answer is yes, you can apply online or in branch, and you can also make an appointment to speak to a home loan specialist before you start. When you apply, make sure you have details handy about: