How has CommBank responded to the February RBA rate cut?

By Cameron Thomson · · 2 min read
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Commonwealth bank atm

With inflation showing signs of moderating, the Reserve Bank of Australia (RBA) has delivered its first rate cut down to 4.10% after holding the cash rate at 4.35% since November 2023. 

Official interest rates have remained at this level for over a year, following the aggressive tightening cycle that included thirteen consecutive hikes.

Borrowers comparing home loans with the Big Four will be keen to know how any potential cuts might flow through from Australia's largest bank, Commonwealth Bank.

What is CBA doing about rate cuts?

Commonwealth Bank has announced it will pass on the RBA's 0.25% rate cut in full to its variable home loan customers, with the changes to take effect from February 28, 2025.

Even with a reduction of rates, borrowers still have to deal with a relatively high cash rate for a bit longer - at least much higher than it was a few years ago when at 0.10% (in 2022).

Meanwhile, CBA has made efforts to stay ahead in the home loan market, especially regarding refinancing with its digital home loan Unloan.

This fee-free, variable rate home loan still offers its signature feature of shaving 0.01% p.a. off the interest rate every year for up to 30 years (T&Cs apply). It's available to refinancers only with at least 80% LVR for the best rates. Keep in mind that LVR’s of 80.01% - 90% will require LMI. 

You can stay updated with moves made by the other Big Four members, or check out our RBA rate tracker hub.

How will the rate hike affect you? Check with our new rate change calculator

Loan details

Rate change

Repayment change if rates change

Looking for a home loan? Head over to our home loans comparison hub for more information on how the RBA rate change has affected offers.

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Last updated 5 December 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing
  • Promoted

    Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • First Home Buyer Loan

    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • For first home buyers
    • Offset available
    • Redraw available
    Interest rate
    4.99 % p.a.
    Variable
    Comparison rate
    5.04 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Competitive interest rate – 4.99% p.a. (comparison rate* 5.04% p.a.)
    • Offset account to reduce interest and save on repayments
    • No establishment or monthly fees, plus valuation fees waived up to $1,000 (limited time)

  • Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • Discount Great Rate Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.20 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • Get up to $3,000 cashback when you apply online (T&Cs apply)
    • No paperwork or payslips required (see site for details)
    • Low variable rate

  • Variable Home Loan 90

    • Owner occupier
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.29 % p.a.
    Variable
    Comparison rate
    5.33 % p.a.
    Initial monthly repayment
    $2,773
    Go to site
    • No monthly or ongoing fees
    • Option to add an offset for 0.10% p.a.
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* 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.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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