Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
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Owner Occupier | Principal & Interest | < 95% | $10,000 | |
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Owner Occupier | Interest Only | < 80% | $10,000 | |
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Investor | Principal & Interest | < 90% | $10,000 | |
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Investor | Interest Only | < 90% | $10,000 |
8.80% p.a. |
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n/a |
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n/a |
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n/a |
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8.95% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$600.00 |
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n/a |
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$0.00 |
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$200.00 |
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n/a |
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$8.00 monthly |
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$350.00 |
$10,000 |
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none |
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none |
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95.00% |
Owner Occupier |
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Principal & Interest |
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Weekly, Fortnightly, Monthly |
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yes - free |
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yes |
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yes - free |
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$0.00 |
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yes |
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yes |
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Legal fees charged at cost. |
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CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000. |
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To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
9.29% p.a. |
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n/a |
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n/a |
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n/a |
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9.17% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$600.00 |
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n/a |
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$0.00 |
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$200.00 |
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n/a |
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$8.00 monthly |
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$350.00 |
$10,000 |
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none |
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none |
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80.00% |
Owner Occupier |
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Interest Only |
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Monthly |
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yes - free |
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yes |
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yes - free |
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$0.00 |
|
yes |
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yes |
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Legal fees charged at cost. |
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CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000. |
|
To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
9.38% p.a. |
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n/a |
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n/a |
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n/a |
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9.53% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$600.00 |
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n/a |
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$0.00 |
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$200.00 |
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n/a |
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$8.00 monthly |
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$350.00 |
$10,000 |
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none |
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none |
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90.00% |
Investor |
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Principal & Interest |
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Weekly, Fortnightly, Monthly |
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yes - free |
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yes |
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yes - free |
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$0.00 |
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yes |
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yes |
|
Legal fees charged at cost. |
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CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000. |
|
To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
9.64% p.a. |
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n/a |
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n/a |
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n/a |
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9.64% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$600.00 |
|
n/a |
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$0.00 |
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$200.00 |
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n/a |
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$8.00 monthly |
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$350.00 |
$10,000 |
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none |
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none |
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90.00% |
Investor |
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Interest Only |
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Monthly |
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yes - free |
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yes |
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yes - free |
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$0.00 |
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yes |
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yes |
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Legal fees charged at cost. |
|
CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000. |
|
To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Who can love a bank? Especially these days when costs of living is up and yet banks keep increasing profits and not giving customers opportunities to reduce interest cost on loans .
Read full reviewWho can love a bank? Especially these days when costs of living is up and yet banks keep increasing profits and not giving customers opportunities to reduce interest cost on loans .
CommBank are very accommodating for a new loan but do drop the ball on rates. Their customer service is top tier.
Read full reviewCommBank are very accommodating for a new loan but do drop the ball on rates. Their customer service is top tier.
IT WAS NOT CLEAR WITH THE EQUITY HOME LOAN THAT REPAYMENTS WERE CALCULATED ON THE TOTAL EQUITY AMOUNT AS OPPOSED TO WHAT HAD BEEN DRAWN DOWN. ABSOLUTE NIGHTMARE TO FIND OUT OUR MONTHLY PAYMENT INCREASED BY $600 ON 40K!! THE BANK GAVE US $800 IN COMPENSATION WHEN WE POINTED OUT THIS WAS NOT MADE CLEAR. NOW WE'RE PAYING FULL PAYMENT ON $150K BUT HAVE USED ONLY $70K. THE LEFTOVER MONEY IS HELD BY THEM SO THEY MAKE THE INTEREST ON THE BALANCE. NO ADDITIONAL PAYMENTS ALLOWED AND ANY ADDITIONAL PAID WITH THE REGULAR REPAYMENT IS DIVERTED TO THE "REDRAW" AMOUNT SO ITS NOT POSSIBLE TO PAY DOWN THE AMOUNT USED. SO IF YOU GOT AN EQUITY LOAN FOR $500K AND USED ONLY $50K YOUD BE MAKING PAYMENTS ON $500K, WITH NO WAY TO BRING THE 50K DOWN ASIDE FROM PAYING OUT THE LOAN. THE BALANCE OF $450K IS KEPT IN THE BANK EARNING NO INTEREST. ITS NOT POSSIBLE TO USE THE ACCOUNT IF YOU ARE IN A SITUATION OF NOT HAVING ACCESS TO EMAIL. IF WE HAD KNOWN WE WOULD BE PAYING REPAYMENTS BASED ON THE TOTAL AMOUNT AS OPPOSED TO AMOUNT USED, WE NEVER, EVER WOULD HAVE SIGNED ON. NOW WE ARE STUCK WITH MEGA HIGH REPAYMENTS INTIL THE HOUSE IS SOLD. THE BANK SAID THEY WOUKD MAKE IT CLEAR FOR FUTURE CUSTOMERS THAT THE FULL PAYMENT WAS TO BE MADE. WE DEFINITELY GOT CONNED IN OUR OPINION AND ITS NOT REMOTELY FAIR FOR US IR ANYONE TO BE PAYING MONEY ON AN AMOUNT NOT USED. 70K SITTING THERE NOT TOUCHED. AND WE HAVENTO PAY. NO INTEREST PAID BECAUSE THAT UNUSED EQUITY IS NOW SITTING IN THE BANK WHILE WE BASICALLY PAY $900 ON $70K LOAN BECAUSE THE EQUITY IS $150K. DONT TOUCH THIS LOAN UNLESS YOU NEED THE TOTAL AMOUNT APPLIED FOR.
Read full reviewIT WAS NOT CLEAR WITH THE EQUITY HOME LOAN THAT REPAYMENTS WERE CALCULATED ON THE TOTAL EQUITY AMOUNT AS OPPOSED TO WHAT HAD BEEN DRAWN DOWN. ABSOLUTE NIGHTMARE TO FIND OUT OUR MONTHLY PAYMENT INCREASED BY $600 ON 40K!! THE BANK GAVE US $800 IN COMPENSATION WHEN WE POINTED OUT THIS WAS NOT MADE CLEAR. NOW WE'RE PAYING FULL PAYMENT ON $150K BUT HAVE USED ONLY $70K. THE LEFTOVER MONEY IS HELD BY THEM SO THEY MAKE THE INTEREST ON THE BALANCE. NO ADDITIONAL PAYMENTS ALLOWED AND ANY ADDITIONAL PAID WITH THE REGULAR REPAYMENT IS DIVERTED TO THE "REDRAW" AMOUNT SO ITS NOT POSSIBLE TO PAY DOWN THE AMOUNT USED. SO IF YOU GOT AN EQUITY LOAN FOR $500K AND USED ONLY $50K YOUD BE MAKING PAYMENTS ON $500K, WITH NO WAY TO BRING THE 50K DOWN ASIDE FROM PAYING OUT THE LOAN. THE BALANCE OF $450K IS KEPT IN THE BANK EARNING NO INTEREST. ITS NOT POSSIBLE TO USE THE ACCOUNT IF YOU ARE IN A SITUATION OF NOT HAVING ACCESS TO EMAIL. IF WE HAD KNOWN WE WOULD BE PAYING REPAYMENTS BASED ON THE TOTAL AMOUNT AS OPPOSED TO AMOUNT USED, WE NEVER, EVER WOULD HAVE SIGNED ON. NOW WE ARE STUCK WITH MEGA HIGH REPAYMENTS INTIL THE HOUSE IS SOLD. THE BANK SAID THEY WOUKD MAKE IT CLEAR FOR FUTURE CUSTOMERS THAT THE FULL PAYMENT WAS TO BE MADE. WE DEFINITELY GOT CONNED IN OUR OPINION AND ITS NOT REMOTELY FAIR FOR US IR ANYONE TO BE PAYING MONEY ON AN AMOUNT NOT USED. 70K SITTING THERE NOT TOUCHED. AND WE HAVENTO PAY. NO INTEREST PAID BECAUSE THAT UNUSED EQUITY IS NOW SITTING IN THE BANK WHILE WE BASICALLY PAY $900 ON $70K LOAN BECAUSE THE EQUITY IS $150K. DONT TOUCH THIS LOAN UNLESS YOU NEED THE TOTAL AMOUNT APPLIED FOR.
I purchased a house years ago when I was in my early 20’s, and the loan was through Commonwealth Bank. The bank did not advise me of the best options for me - including not advising me about having my other accounts as Offset accounts. I was quite young, so did not know that this was an option. And over the years when I visited the branch to discuss my home loan at my request, at no point did they offer me to adjust my savings accounts to Offset, or offer any other suggestions which would have helped me pay it off faster or pay less interest. Instead one of the home loan managers actually encouraged me to do redraws on my loan, since I was ahead in payments. I have since made adjustments so that the loan was paid off faster and my savings accounts are now all offset. But over the years I have lost a lot of money in interest because the staff were not helpful.
Read full reviewI purchased a house years ago when I was in my early 20’s, and the loan was through Commonwealth Bank. The bank did not advise me of the best options for me - including not advising me about having my other accounts as Offset accounts. I was quite young, so did not know that this was an option. And over the years when I visited the branch to discuss my home loan at my request, at no point did they offer me to adjust my savings accounts to Offset, or offer any other suggestions which would have helped me pay it off faster or pay less interest. Instead one of the home loan managers actually encouraged me to do redraws on my loan, since I was ahead in payments. I have since made adjustments so that the loan was paid off faster and my savings accounts are now all offset. But over the years I have lost a lot of money in interest because the staff were not helpful.
The Commonwealth Bank gave me a great deal on my home loan when I took it put. It had a great interest rate that was fixed for 2 years. The fees to take out the loan were very reasonable. The loan has an offset account on it which is great to have so I can access my money if I need it. The bank staff have always been very helpful and friendly when I needed any assistance. It is a very fair & honest bank
Read full reviewThe Commonwealth Bank gave me a great deal on my home loan when I took it put. It had a great interest rate that was fixed for 2 years. The fees to take out the loan were very reasonable. The loan has an offset account on it which is great to have so I can access my money if I need it. The bank staff have always been very helpful and friendly when I needed any assistance. It is a very fair & honest bank
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.