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Commonwealth Bank Extra Home Loan - 4 Year Introductory Rate (for First Home Buyers)

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 48 months and then 3.78% p.a.
Comparison Rate*
3.47% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.58% p.a.variable for 48 months and then 4.34% p.a.
Comparison Rate*
3.70% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.32% p.a.variable for 48 months and then 4.13% p.a.
Comparison Rate*
3.81% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.88% p.a.variable for 48 months and then 4.69% p.a.
Comparison Rate*
4.04% p.a.
Service fee
$0.00
Upfront fee
$200

Details

Rates and fees information correct as at 5 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.

  • 48 Months

  • Variable

  • 3.47% 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

  • Only available for first home buyers where none of the applicants have previously owned or currently hold an interest in a property anywhere in Australia. 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 5 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.

  • 48 Months

  • Variable

  • 3.70% 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

  • Only available for first home buyers where none of the applicants have previously owned or currently hold an interest in a property anywhere in Australia. 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 5 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.

  • 48 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

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Only available for first home buyers where none of the applicants have previously owned or currently hold an interest in a property anywhere in Australia. 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 5 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.

  • 48 Months

  • Variable

  • 4.04% 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

  • Only available for first home buyers where none of the applicants have previously owned or currently hold an interest in a property anywhere in Australia. 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.

Customer Reviews

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

Overall customer rating
6.8/10

Based on 5804 Commonwealth Bank home loan reviews

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 - 4 Year Introductory Rate (for First Home Buyers)

  • Overall 10/10
    The best.

    Yes I like my bank, it’s the best.

    Read full review

    Yes I like my bank, it’s the best.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Coal, Victoria reviewed 20 days ago
  • Overall 10/10
    Great rates and great service.

    Love this bank. They are helpful, professional, responds quickly to inquiries and friendly.

    Read full review

    Love this bank. They are helpful, professional, responds quickly to inquiries and friendly.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Diana, Queensland reviewed 11 months ago
  • Overall 10/10
    Terrific bank

    Top stuff Commonwealth!

    Read full review

    Top stuff Commonwealth!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Christine, 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.

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