Commonwealth Bank Standard Variable Rate
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Commonwealth BankThe Commonwealth Bank might be one of Australia’s oldest and largest banks, but lately it’s determined to do things differently. The Commonwealth Bank reckons it’s focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank’s wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans. |
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Customer ratingsclick to open
| Commonwealth Bank Standard Variable Rate | ||
| Overall Customer Rating | 6.6#12 BASED ON 956 REVIEWS |
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| Price Rating | 6.2 | |
| Features Rating | 6.2 | |
| Service Rating | 6.6 | |
| Convenience Rating | 7.5 | |
| Trust Rating | 6.4 | |
| What next? |
Ratesclick to open
| Commonwealth Bank Standard Variable Rate | ||
| Variable Rate | 6.86% | |
| Intro Rate | ||
| Intro Rate Term | ||
| Intro Rate Type | ||
| Comparison Rate* | 6.99% | |
| Fixed 1 Year Rate | ||
| Fixed 2 Year Rate | ||
| Fixed 3 Year Rate | ||
| Fixed 4 Year Rate | ||
| Fixed 5 Year Rate | ||
| Fixed 7 Year Rate | ||
| Fixed 10 Year Rate | ||
| Fixed Loan Revert Rate | ||
| What next? |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
**Total interest and fees over 0 years
Feesclick to open
| Commonwealth Bank Standard Variable Rate | ||
| Application Fee | $600.00 | |
| Legal Fee | ||
| Valuation Fee | ||
| Settlement Fee | ||
| Other upfront fee (% of loan) | ||
| Service Fee | $8.00 Monthly | |
| Exit Fee | $300.00 | |
| What next? |
Other financial bitsclick to open
| Commonwealth Bank Standard Variable Rate | ||
| Minimum Loan Amount | $10,000.00 | |
| Maximum Loan Amount | ||
| What next? |
Featuresclick to open
| Commonwealth Bank Standard Variable Rate | ||
| Repayment Frequency | Weekly, Fortnightly, Monthly | |
| Extra Repayments | yes | |
| Repayment Holidays | yes | |
| Redraw Facility | yes | |
| Minimum Redraw Amount | $500.00 | |
| Split Account | yes | |
| Offset Account | yes | |
| Other Restrictions | Only $250 application fee if you apply online. | |
| Other Benefits | If your loan is $50,000 or more, you receive a free Streamline account and can make unlimited everyday Commonwealth Bank transactions without paying any withdrawal or monthly account fees | |
| What next? |
Most recent reviews of Commonwealth Bank home loans
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Overall Rating
8 -
Pricing
10 -
Product Features
10 -
Customer Service
9 -
Convenience
10 -
Trust
7
They are quiet flexible with us as a family. – simone from Victoria, a Commonwealth Bank home loan customer. Reviewed about 13 hours ago
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Overall Rating
6 -
Pricing
5 -
Product Features
7 -
Customer Service
7 -
Convenience
7 -
Trust
8
The Commonwealth Bank is secure, courteous and as I have a personal banker, it is easy to change things. Even when I ring up in the evening they can help me so this is good. Of course I would always like more discounts on my loan. – JEAN from New South Wales, a Commonwealth Bank home loan customer. Reviewed about 13 hours ago
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Overall Rating
5 -
Pricing
2 -
Product Features
3 -
Customer Service
2 -
Convenience
3 -
Trust
5
Poor customer service - not very understanding. – Renee from New South Wales, a Commonwealth Bank home loan customer. Reviewed about 14 hours ago
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Overall Rating
7 -
Pricing
7 -
Product Features
10 -
Customer Service
7 -
Convenience
6 -
Trust
6
All is going well - if I have any issues, I can contact them to fix it. The rates are not always the best on the market but quite competitive. – Tom from South Australia, a Commonwealth Bank home loan customer. Reviewed about 14 hours ago
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Overall Rating
8 -
Pricing
5 -
Product Features
7 -
Customer Service
9 -
Convenience
10 -
Trust
10
Excellent customer service and great efficiency. – Danijela from New South Wales, a Commonwealth Bank home loan customer. Reviewed 13 days ago
Find more home loans by visiting our compare home loans page.
Commonwealth Bank also offers the following Home loans
- 12 Month Discounted
- 1 Year Guaranteed
- Fixed Rate
- Viridian Line of Credit
- 3 Year Special Economiser
- Fixed Rate (Wealth Package)
- 12 Month Discounted (Wealth Package)
- 1 Year Guaranteed (Wealth Package)
- Standard Variable Rate (Wealth Package)
- Standard Variable Rate (Wealth Package)
- Viridian Line of Credit (Wealth Package)
- Viridian Line of Credit (Wealth Package)
- Standard Variable Rate (Wealth Package)
- Standard Variable Rate (Wealth Package)
- Viridian Line of Credit (Wealth Package)
- Viridian Line of Credit (Wealth Package)
- Economiser Home Loan
- Interest In Advance Fixed Rate Investment Home Loan
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