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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 70%

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 interest only loan of at least $10,000 with an LVR below 70%

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 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 95%

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 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 70%

    Loan: $10,000

  • Owner Occupier (Principal & Interest)

    LVR 70%-80%

    Loan: $10,000

  • Owner Occupier (Interest Only)

    LVR < 70%

    Loan: $10,000

  • Owner Occupier (Interest Only)

    LVR 70%-80%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR 70%-80%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR < 70%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR 80%-95%

    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%-95%

    Loan: $10,000

Rate
2.29% p.a.
Comparison Rate
2.30% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
2.39% p.a.
Comparison Rate
2.40% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
2.85% p.a.
Comparison Rate
2.51% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
2.95% p.a.
Comparison Rate
2.61% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
2.99% p.a.
Comparison Rate
3.00% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
2.89% p.a.
Comparison Rate
2.90% 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
3.45% p.a.
Comparison Rate
3.11% p.a.
Service fee
$0.00
Upfront fee
$200
Rate
3.55% p.a.
Comparison Rate
3.21% 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: 15 October 2021

binocular icon
What's hot
  • Variable rates from 2.29% (2.30% 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 2.29% (2.30% 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 2.29% (2.30% 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 2.89% (2.90% 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 31 December, 2021 and have their loan funded by 31 March, 2022.

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 18 October 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

2.29% p.a.

n/a

n/a

n/a

2.30% 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

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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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

2.39% p.a.

n/a

n/a

n/a

2.40% 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

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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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

2.85% p.a.

n/a

n/a

n/a

2.51% 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

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 18 October 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

2.95% p.a.

n/a

n/a

n/a

2.61% 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

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 18 October 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

2.99% p.a.

n/a

n/a

n/a

3.00% 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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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

2.89% p.a.

n/a

n/a

n/a

2.90% 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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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%

95.00%

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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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

3.45% p.a.

n/a

n/a

n/a

3.11% 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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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

3.55% p.a.

n/a

n/a

n/a

3.21% 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 31 December 2021 and have their loan funded by 31 March 2022. 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 18 October 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%

95.00%

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 31 December 2021 and have their loan funded by 31 March 2022. 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.

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Latest reviews of Commonwealth Bank Extra Home Loan

About Commonwealth Bank

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.