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Commonwealth Bank Standard Variable Rate (Wealth Package)

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
3.85% p.a.
Comparison Rate*
4.27% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Rate
4.34% p.a.
Comparison Rate*
4.42% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Rate
4.43% p.a.
Comparison Rate*
4.84% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Rate
4.69% p.a.
Comparison Rate*
4.90% p.a.
Service fee
$395.00 yearly
Upfront fee
$200

Details

Rates and fees information correct as at 21 October 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
  • 3.85% p.a.

  • n/a

  • n/a

  • n/a

  • 4.27% 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

  • $395.00 yearly

  • $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

  • yes

  • yes

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 31 October 2020 and have their loan funded by 31 December 2020. 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 21 October 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.

  • n/a

  • n/a

  • n/a

  • 4.42% 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

  • $395.00 yearly

  • $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

  • yes

  • yes

  • 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 21 October 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
  • 4.43% p.a.

  • n/a

  • n/a

  • n/a

  • 4.84% 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

  • $395.00 yearly

  • $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

  • yes

  • yes

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 31 October 2020 and have their loan funded by 31 December 2020. 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 21 October 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.

  • n/a

  • n/a

  • n/a

  • 4.90% 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

  • $395.00 yearly

  • $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

  • yes

  • yes

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 31 October 2020 and have their loan funded by 31 December 2020. 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 Standard Variable Rate (Wealth Package)

  • Overall 7/10
    It has big bank security, but how ethical is it?

    We like the bank because they are one of the big banks which gives you a sense of security. Also, when we have contacted them to negotiate on our home loan interest rate, they have always been open to discussing this. The cons are a sense of distrust for any big bank and their values. We have been thinking of switching to a more ethical bank.

    Read full review

    We like the bank because they are one of the big banks which gives you a sense of security. Also, when we have contacted them to negotiate on our home loan interest rate, they have always been open to discussing this. The cons are a sense of distrust for any big bank and their values. We have been thinking of switching to a more ethical bank.

    Price
    9/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Alison, Victoria reviewed 3 days ago
  • Overall 9/10
    Best customer service and online banking.

    I have tried quite a few banks and the Commonwealth Bank has always come out on top with their customer service. Their online banking system is easy to use and reliable. Their ongoing customer care is also excellent. Pros would be their in branch customer service, online banking system and overall banking experience. A con would be sometimes their rates are not as competitive as I would like.

    Read full review

    I have tried quite a few banks and the Commonwealth Bank has always come out on top with their customer service. Their online banking system is easy to use and reliable. Their ongoing customer care is also excellent. Pros would be their in branch customer service, online banking system and overall banking experience. A con would be sometimes their rates are not as competitive as I would like.

    Price
    9/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Xiaona, Victoria reviewed 3 months ago
  • Overall 4/10
    Convenient but expensive.

    Commonwealth Bank have lots of locations and fairly good customer service, however are definitely NOT the cheapest. Their home loan rates are high, they have a lot of fees, they rarely pass on any interest rate drops and they aren't flexible.

    Read full review

    Commonwealth Bank have lots of locations and fairly good customer service, however are definitely NOT the cheapest. Their home loan rates are high, they have a lot of fees, they rarely pass on any interest rate drops and they aren't flexible.

    Price
    1/10
    Features
    4/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    4/10
    Less
    Belinda, Queensland reviewed 4 months ago
  • Overall 6/10
    Safe big brand, don't pass on all rate reductions.

    Con - haven't provided competitive reduced interest rates, even during covid. Pro - app is easy to use.

    Read full review

    Con - haven't provided competitive reduced interest rates, even during covid. Pro - app is easy to use.

    Price
    5/10
    Features
    2/10
    Customer service
    2/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Cassandra, Victoria reviewed 4 months ago
  • Overall 8/10
    Everything you need with ease.

    Yearly fee is a bit much but it works out in the long run. Easy setup once you're up and running.

    Read full review

    Yearly fee is a bit much but it works out in the long run. Easy setup once you're up and running.

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Erik, Victoria reviewed 4 months 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.

See Commonwealth Bank home loans

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2.81% p.a.

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2.50% p.a.

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2.60% p.a.

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AcceleRATES Variable Home Loan

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2.34% p.a.

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2.49% p.a.

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2.76% p.a.

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n/a

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fixed 3 years

2.95% p.a.

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2.38% p.a.

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Athena

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2.34% p.a.

$0.00

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Homestar

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2.29% p.a.

2.32% p.a.

$0.00

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UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

$0.00

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Suncorp

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2.68% p.a.

2.69% p.a.

$0.00

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Bank of Queensland

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2.59% p.a.

2.76% p.a.

$10.00 monthly

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2.61% p.a.

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$0.00

*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.