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 |
|---|---|---|---|---|---|
|
6.24% p.a. |
8.17% p.a. |
$8.00 monthly |
$800 |
||
|
6.04% p.a. |
8.11% p.a. |
$8.00 monthly |
$800 |
||
|
6.39% p.a. |
8.60% p.a. |
$8.00 monthly |
$800 |
||
|
6.24% p.a. |
8.55% 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 |
|---|---|---|---|---|---|
|
6.66% p.a. |
6.50% p.a. |
$10.00 monthly |
$500 |
||
|
6.17% p.a. |
6.30% p.a. |
$10.00 monthly |
$500 |
||
|
6.68% p.a. |
6.52% p.a. |
$10.00 monthly |
$500 |
||
|
6.19% p.a. |
6.32% p.a. |
$10.00 monthly |
$500 |
||
|
6.64% p.a. |
6.48% p.a. |
$10.00 monthly |
$500 |
||
|
6.15% p.a. |
6.28% p.a. |
$10.00 monthly |
$500 |
||
|
7.15% p.a. |
6.85% p.a. |
$0.00 |
$200 |
||
|
6.59% p.a. |
6.61% p.a. |
$0.00 |
$200 |
||
|
6.89% p.a. |
6.91% p.a. |
$0.00 |
$200 |
||
|
7.84% p.a. |
7.86% p.a. |
$0.00 |
$200 |
||
|
7.00% p.a. |
6.70% p.a. |
$0.00 |
$200 |
||
|
6.44% p.a. |
6.45% p.a. |
$0.00 |
$200 |
||
|
7.05% p.a. |
6.75% p.a. |
$0.00 |
$200 |
||
|
6.49% p.a. |
6.51% 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 |
||
|
6.62% p.a. |
6.59% p.a. |
$10.00 monthly |
$500 |
||
|
6.36% p.a. |
6.49% p.a. |
$10.00 monthly |
$500 |
||
|
6.72% p.a. |
6.69% p.a. |
$10.00 monthly |
$500 |
||
|
6.46% p.a. |
6.59% p.a. |
$10.00 monthly |
$500 |
||
|
6.60% p.a. |
6.57% p.a. |
$10.00 monthly |
$500 |
||
|
6.34% p.a. |
6.47% p.a. |
$10.00 monthly |
$500 |
||
|
7.20% p.a. |
6.90% p.a. |
$0.00 |
$200 |
||
|
6.64% p.a. |
6.65% p.a. |
$0.00 |
$200 |
||
|
7.25% p.a. |
6.95% p.a. |
$0.00 |
$200 |
||
|
6.79% p.a. |
6.81% p.a. |
$0.00 |
$200 |
||
|
7.35% p.a. |
7.05% p.a. |
$0.00 |
$200 |
||
|
6.69% p.a. |
6.71% p.a. |
$0.00 |
$200 |
||
|
7.29% p.a. |
7.31% p.a. |
$0.00 |
$200 |
||
|
7.94% p.a. |
7.96% p.a. |
$0.00 |
$200 |
||
|
7.85% p.a. |
7.55% 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 |
|---|---|---|---|---|---|
|
6.09% p.a. |
7.85% p.a. |
$395.00 yearly |
$200 |
||
|
5.89% p.a. |
7.79% p.a. |
$395.00 yearly |
$200 |
||
|
6.24% p.a. |
8.28% p.a. |
$395.00 yearly |
$200 |
||
|
6.09% p.a. |
8.24% 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 |
|---|---|---|---|---|---|
|
6.83% p.a. |
6.90% p.a. |
$395.00 yearly |
$200 |
||
|
6.88% p.a. |
6.95% p.a. |
$395.00 yearly |
$200 |
||
|
6.98% p.a. |
7.05% p.a. |
$395.00 yearly |
$200 |
||
|
6.34% p.a. |
6.71% p.a. |
$395.00 yearly |
$200 |
||
|
6.39% p.a. |
6.76% p.a. |
$395.00 yearly |
$200 |
||
|
6.49% p.a. |
6.86% p.a. |
$395.00 yearly |
$200 |
||
|
6.79% p.a. |
7.15% p.a. |
$395.00 yearly |
$200 |
||
|
7.74% p.a. |
8.09% p.a. |
$395.00 yearly |
$200 |
||
|
6.80% p.a. |
7.00% p.a. |
$395.00 yearly |
$200 |
||
|
6.85% p.a. |
7.05% p.a. |
$395.00 yearly |
$200 |
||
|
6.95% p.a. |
7.15% p.a. |
$395.00 yearly |
$200 |
||
|
7.30% p.a. |
7.50% p.a. |
$395.00 yearly |
$200 |
||
|
6.54% p.a. |
6.91% p.a. |
$395.00 yearly |
$200 |
||
|
6.69% p.a. |
7.06% p.a. |
$395.00 yearly |
$200 |
||
|
6.59% p.a. |
6.96% p.a. |
$395.00 yearly |
$200 |
||
|
7.04% p.a. |
7.40% 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.
No ability to work with individual people, if you dont fit in their boxes they cannot help you. Even if you are a long term customer, the people you speak to are not able to resolve or assist outside of the tick boxes making it very frustrating as a human.
Read full reviewNo ability to work with individual people, if you dont fit in their boxes they cannot help you. Even if you are a long term customer, the people you speak to are not able to resolve or assist outside of the tick boxes making it very frustrating as a human.
peace of mind amidst stressful interest rate rises
Read full reviewpeace of mind amidst stressful interest rate rises
I like the forward thinking of this bank if you are an investor looking to do things. Their internet banking and phone banking is top notch compared to what I've used. I've found package fees per year ($395) won't ensure you get the best interest rates they can offer so you have to keep a close eye on your interest rates as challenge them if you can get a better deal elsewhere. Comparison sites like Mozo, Rate City and Finder will help you compare. Beware, they lowered our interest rates to a more acceptable rate, after we challenged a high rate coming off a low fixed rate, but it was not as cheap as what's offered out there and we get zero percent interest on money sitting in our offset account.
Read full reviewI like the forward thinking of this bank if you are an investor looking to do things. Their internet banking and phone banking is top notch compared to what I've used. I've found package fees per year ($395) won't ensure you get the best interest rates they can offer so you have to keep a close eye on your interest rates as challenge them if you can get a better deal elsewhere. Comparison sites like Mozo, Rate City and Finder will help you compare. Beware, they lowered our interest rates to a more acceptable rate, after we challenged a high rate coming off a low fixed rate, but it was not as cheap as what's offered out there and we get zero percent interest on money sitting in our offset account.
The best bank and there support if or when things go bad with our payments from our jobs , employees and whom we have a payee of any income. They don't chuck you in the deep end but support every step of the way and notice and help sort before things may go or before going bad or (south). I are going through way to much and don't need hiccups or problems so they have that settled and covered.
Read full reviewThe best bank and there support if or when things go bad with our payments from our jobs , employees and whom we have a payee of any income. They don't chuck you in the deep end but support every step of the way and notice and help sort before things may go or before going bad or (south). I are going through way to much and don't need hiccups or problems so they have that settled and covered.
I would suggest shopping around. I went with one of the big 4 because it was a trusted brand and I have had nothing but trouble. Constant miscommunication - due to a bank error I missed out on a fixed portion of my loan. They take no accountability for their mistakes and except you to just deal with it.
Read full reviewI would suggest shopping around. I went with one of the big 4 because it was a trusted brand and I have had nothing but trouble. Constant miscommunication - due to a bank error I missed out on a fixed portion of my loan. They take no accountability for their mistakes and except you to just deal with it.
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: