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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $150,000 | |
| | Owner Occupier | Interest Only | < 80% | $150,000 | |
| | Investor | Principal & Interest | < 90% | $150,000 | |
| | Investor | Interest Only | < 90% | $150,000 |
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
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
$0.00
n/a
$0.00
$200.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
95.00%
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.
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
$0.00
n/a
$0.00
$200.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$0.00
yes
yes
Legal fees charged at cost.
none
none
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
$0.00
n/a
$0.00
$200.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
90.00%
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.
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
$0.00
n/a
$0.00
$200.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
90.00%
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.
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 reviewWe 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.
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 reviewI 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.
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 reviewCommonwealth 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.
Con - haven't provided competitive reduced interest rates, even during covid. Pro - app is easy to use.
Read full reviewCon - haven't provided competitive reduced interest rates, even during covid. Pro - app is easy to use.
Yearly fee is a bit much but it works out in the long run. Easy setup once you're up and running.
Read full reviewYearly fee is a bit much but it works out in the long run. Easy setup once you're up and running.
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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