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Commonwealth Bank Extra Home Loan - 2 Year Introductory Rate

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $150,000

Rate
3.02% p.a.variable for 24 months and then 3.78% p.a.
Comparison Rate*
3.58% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.58% p.a.variable for 24 months and then 4.34% p.a.
Comparison Rate*
3.81% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.32% p.a.variable for 24 months and then 4.13% p.a.
Comparison Rate*
3.92% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.88% p.a.variable for 24 months and then 4.69% p.a.
Comparison Rate*
4.15% p.a.
Service fee
$0.00
Upfront fee
$200

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.78% p.a.

  • 3.02% p.a.

  • 24 Months

  • Variable

  • 3.58% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.

*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.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.34% p.a.

  • 3.58% p.a.

  • 24 Months

  • Variable

  • 3.81% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fees charged at cost.

  • none

  • none

*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.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.13% p.a.

  • 3.32% p.a.

  • 24 Months

  • Variable

  • 3.92% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.

*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.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.69% p.a.

  • 3.88% p.a.

  • 24 Months

  • Variable

  • 4.15% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.

*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.

Customer Reviews

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

Overall customer rating
6.8/10
Price
6.3/10
Features
6.3/10
Customer service
7.0/10
Convenience
7.9/10
Trust
6.7/10

Latest reviews of Commonwealth Bank Extra Home Loan - 2 Year Introductory Rate

  • Overall 10/10
    Great Job Seven Hills branch

    We would like to share with you all the best, professional and amazing customer service we experienced at the Seven Hills Commonwealth Bank branch. The professionalism we had through their customer service was above and beyond expectations. The branch manager and his team, especially the Home Loan Specialists Team, shared their high customer service and helped us throughout our enquiry. Great teamwork and leadership skills shown by the team, proof that the manager has lead his team to achieve.

    Read full review

    We would like to share with you all the best, professional and amazing customer service we experienced at the Seven Hills Commonwealth Bank branch. The professionalism we had through their customer service was above and beyond expectations. The branch manager and his team, especially the Home Loan Specialists Team, shared their high customer service and helped us throughout our enquiry. Great teamwork and leadership skills shown by the team, proof that the manager has lead his team to achieve.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Jean, New South Wales reviewed 12 days ago
  • Overall 7/10
    Functional.

    Everything is compatible pricing but much easier to use.

    Read full review

    Everything is compatible pricing but much easier to use.

    Price
    9/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Cindy, Victoria reviewed 5 months ago
  • Overall 8/10
    Great home loan for FHB.

    You need to understand the rate is only applied for the first 2 years.

    Read full review

    You need to understand the rate is only applied for the first 2 years.

    Price
    8/10
    Features
    7/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Lyssa, New South Wales reviewed 5 months ago
  • Overall 9/10
    Very happy with product.

    Overall very happy with my home loan.

    Read full review

    Overall very happy with my home loan.

    Price
    8/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Kate, Western Australia reviewed 7 months ago
  • Overall 1/10
    Bad

    Horrible rates, would not recommend.

    Read full review

    Horrible rates, would not recommend.

    Price
    -1/10
    Features
    -1/10
    Customer service
    -1/10
    Convenience
    -1/10
    Trust
    -1/10
    Less
    Charmaine, New South Wales reviewed over 1 year ago
Commonwealth Bank

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.

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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.