Commonwealth Bank logo

Commonwealth Bank Extra Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $10,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 70%

The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 70%

The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $10,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $10,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR < 70%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR 70%-80%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $10,000

  • Investor (Interest Only)

    LVR < 70%

    Loan: $10,000

  • Investor (Interest Only)

    LVR 70%-80%

    Loan: $10,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $10,000

Rate
2.69% p.a.
Comparison Rate
2.70% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.13% p.a.
Comparison Rate
3.14% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.25% p.a.
Comparison Rate
2.91% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.12% p.a.
Comparison Rate
3.13% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.15% p.a.
Comparison Rate
3.16% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.54% p.a.
Comparison Rate
3.55% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.68% p.a.
Comparison Rate
3.34% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.71% p.a.
Comparison Rate
3.37% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
4.10% p.a.
Comparison Rate
3.77% p.a.
Service fee
$0.00
Upfront fee
$200

Mozo editorial review Commonwealth Bank Extra Home Loan

Last updated: 16 March 2021.

binocular icon
What's hot
  • Variable rates from 2.69% (2.70% comparison rate*)
  • Extra repayments, redraw facility and repayment holiday features
  • $2,000 cashback offer (limited time)
What's not
  • $200 settlement fee and $350 discharge fee
Mozo snapshot

Competitive variable rates starting from 2.69% (2.70% comparison rate*), a suite of handy features and minimal fees all from one of Australia’s biggest banks? That’s exactly what you’ll get with the Commonwealth Bank’s Extra Home Loan, available to both owner occupiers and investors. Plus for a limited time, eligible borrowers can even take advantage of a $2,000 cashback deal.

key icon
Key features

There’s no feature more key than the interest rate you’ll pay, and in that respect the Commonwealth Bank’s Extra Home Loan really does offer some competitively priced rates on loans starting from just $10,000.

Owner occupier borrowers making principal and interest repayments will be able to access rates from as low as 2.69% (2.70% comparison rate*) so long as their LVR is lower than 80%. There are also higher rates available for borrowers with lower deposits. 

Meanwhile, interest rates for investors start at 3.12% (3.13% comparison rate*) for those making principal and interest repayments with an LVR below 70%. 

The Extra Home Loan also comes equipped with a bunch of handy features. For instance, borrowers will be able to make extra repayments above the minimum towards their loan (for free) and dip into them should they need to in the future using the redraw facility. 

CommBank even lets its borrowers hit pause on their repayments (for a set time) using the repayment holiday feature. 

While there’s no ongoing service fee to worry about with the Extra Home Loan, borrowers will need to pay a $200 settlement fee plus legal fees (charged at cost) upfront. There’s also a $350 fee to discharge the loan. 

There’s one more limited time feature which might get borrowers excited: the $2,000 cashback offer. The deal is available to eligible refinancers on loans of $250,000 or more when they make an application before 30 June 2021 and have their loan funded by 30 September 2021.

snapshot
Who is it good for

With both competitive interest rates and handy features, the Extra Home Loan from the Commonwealth Bank could be a worthy option for anyone looking for a solid, basic home loan from a major bank.

question icon
Any catches

While the Extra Home Loan does come with a number of useful features, it doesn’t offer an offset account which may be deal breaker for some borrowers. 

Details

Rates and fees information correct as at 20 April 2021. 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
  • 2.69% p.a.

  • n/a

  • n/a

  • n/a

  • 2.70% 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
  • $10,000

  • none

  • none

  • 80.00%

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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 3.13% p.a.

  • n/a

  • n/a

  • n/a

  • 3.14% 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
  • $10,000

  • none

  • 80.00%

  • 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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 3.25% p.a.

  • n/a

  • n/a

  • n/a

  • 2.91% 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
  • $10,000

  • 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 20 April 2021. 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
  • 3.12% p.a.

  • n/a

  • n/a

  • n/a

  • 3.13% 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
  • $10,000

  • none

  • none

  • 70.00%

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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 3.15% p.a.

  • n/a

  • n/a

  • n/a

  • 3.16% 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
  • $10,000

  • none

  • 70.00%

  • 80.00%

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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 3.54% p.a.

  • n/a

  • n/a

  • n/a

  • 3.55% 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
  • $10,000

  • none

  • 80.00%

  • 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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 3.68% p.a.

  • n/a

  • n/a

  • n/a

  • 3.34% 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
  • $10,000

  • none

  • none

  • 70.00%

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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 3.71% p.a.

  • n/a

  • n/a

  • n/a

  • 3.37% 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
  • $10,000

  • none

  • 70.00%

  • 80.00%

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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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 20 April 2021. 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
  • 4.10% p.a.

  • n/a

  • n/a

  • n/a

  • 3.77% 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
  • $10,000

  • none

  • 80.00%

  • 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 30 June 2021 and have their loan funded by 30 September 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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
6.8/10
Price
6.4/10
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

Thumbnail icon for 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.

See Commonwealth Bank home loans

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2.53% p.a.

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AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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Fixed Home Loan

1.99% p.a.
fixed 3 years

2.15% p.a.

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1.98% p.a.
fixed 3 years

3.56% p.a.

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2.19% p.a. variable

2.20% p.a.

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1.99% p.a.
fixed 3 years

2.83% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

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Basic Home Loan

2.64% p.a.

2.64% p.a.

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UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

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AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

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2.44% p.a.

2.45% p.a.

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1.79% p.a.

1.84% p.a.

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2.09% p.a.

2.12% p.a.

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2.44% p.a.

2.45% p.a.

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1.99% p.a.
fixed 3 years

2.70% p.a.

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UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

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Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

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Fixed Rate Home Loan (Home Loan Package)

2.09% p.a.
fixed 3 years

2.86% p.a.

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Star Classic Fixed Home Loan

n/a

n/a

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People's Choice Credit Union

Fixed Rate Home Loan (Package)

1.89% p.a.
fixed 3 years

3.03% p.a.

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Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

$0.00

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Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

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Well Home Loans

Well Balanced

2.17% p.a.

2.20% p.a.

$0.00

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Homestar

Star Gold Home Loan

1.79% p.a.

1.84% p.a.

$0.00

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

$0.00

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Suncorp

Back to Basics

2.44% p.a.

2.45% p.a.

$0.00

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Athena

AcceleRATES Variable Home Loan

2.29% p.a.

2.23% p.a.

$0.00

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Bluestone

Prime Home Loan

2.44% p.a.

2.49% 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.