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  • Commonwealth Bank No Fee Variable Home Loan

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    home loans

    • 6.31%variable

    • 6.31%

    • $0.00

    • $0

    Rates

    Variable rate
    6.31%
    Intro rate
    none
    Intro rate term
    none
    Intro rate type
    none
    Comparison Rate*
    6.31%
    Fixed 1 year rate
    none
    Fixed 2 year rate
    none
    Fixed 3 year rate
    none
    Fixed 4 year rate
    none
    Fixed 5 year rate
    none
    Fixed 7 year rate
    none
    Fixed 10 year rate
    none
    Fixed loan revert rate
    none

    Fees

    Application fee
    $0.00
    Legal fee
    $
    Valuation fee
    $
    Settlement fee
    $0.00
    Other upfront fee (% of loan)
    none
    Service fee
    $0.00
    Discharge fee
    $0.00
    Early Exit Fee after 1 year assuming $300,000 loan
    $0

    Features

    Repayment Frequency
    Weekly, Fortnightly, Monthly
    Extra repayments
    yes - free
    Repayment holidays
    yes
    Redraw facility
    yes
    Minimum redraw amount
    $500.00
    Split account
    no
    Offset account
    no
    Other restrictions
    none
    Other benefits
    Will beat a currently advertised rate by NAB, ANZ or Westpac on an equivalent loan.

    Other financial bits

    Minimum loan amount
    $150,000.00
    Maximum loan amount
    $

    About Commonwealth Bank

    The 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.

    How are Commonwealth Bank home loans rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    Commonwealth Bank home loans 6.4 Based on 718
    Commonwealth Bank home loan reviews
    5.9 5.9 6.6 7.7 6.3

    Read Commonwealth Bank home loan reviews by the Mozo community

    Latest reviews of Commonwealth Bank No Fee Variable Home Loan

      • Commonwealth Bank No Fee Variable Home Loan *

        • 6.31%

          variable rate

        • 6.31%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Not that interested in giving us what we want

          1. Overall customer rating
          2. (Reviewed 11 days ago)

        Stuck with insurance broker. Once deal was done, never heard from her again, but she continues to get commission. most unfair.       Full review 

        Stuck with insurance broker. Once deal was done, never heard from her again, but she continues to get commission. most unfair.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank No Fee Variable Home Loan home loan review by Cindy from Queensland

        Was this review helpful?

        Yes
      • Commonwealth Bank No Fee Variable Home Loan *

        • 6.31%

          variable rate

        • 6.31%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        My first loan has been a positive experience

          1. Overall customer rating
          2. (Reviewed 16 days ago)

        Options and customer service I have received have been better than I expected. Whenever I have a query I am attended to straight away. I feel that I can trust my customer service consultant and I love that I have a name and mobile contact instead ...       Full review 

        Options and customer service I have received have been better than I expected. Whenever I have a query I am attended to straight away. I feel that I can trust my customer service consultant and I love that I have a name and mobile contact instead of ringing a general number where I am just a number.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank No Fee Variable Home Loan home loan review by Maria from South Australia

        Was this review helpful?

        Yes
      • Commonwealth Bank No Fee Variable Home Loan *

        • 6.31%

          variable rate

        • 6.31%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Good customer service. Good rates-beware hikes!

          1. Overall customer rating
          2. (Reviewed 16 days ago)

        The no-fee variable home loan is a good product having moved over to it from the rate-saver home loan. It is slightly under the variable rate and is a good option. However, Commonwealth has yet to win back my trust after they raised their home loa...       Full review 

        The no-fee variable home loan is a good product having moved over to it from the rate-saver home loan. It is slightly under the variable rate and is a good option. However, Commonwealth has yet to win back my trust after they raised their home loan rates some time ago when the Reserve Bank did not. Commonwealth didn't just raise their rates they were embarrassingly and greedily raised at a time of financial difficulty for most. Very uncool.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank No Fee Variable Home Loan home loan review by Anne from New South Wales

        Was this review helpful?

        Yes
      • Commonwealth Bank No Fee Variable Home Loan *

        • 6.31%

          variable rate

        • 6.31%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Rates are ok

          1. Overall customer rating
          2. (Reviewed 2 months ago)

        Variable bank accounts are great but the banks are going overboard with their rate rises and it must be curbed.       Full review 

        Variable bank accounts are great but the banks are going overboard with their rate rises and it must be curbed.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank No Fee Variable Home Loan home loan review by Tom from Victoria

        Was this review helpful?

        Yes

    *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, based on the loan amount and loan term you entered. 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.

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