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Commonwealth Bank Standard Variable Rate

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 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 90%

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 < 95%

    Loan: $10,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $10,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $10,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $10,000

Rate
4.55% p.a.
Comparison Rate
4.70% p.a.
Service fee
$8.00 monthly
Upfront fee
$800
Rate
5.04% p.a.
Comparison Rate
4.88% p.a.
Service fee
$8.00 monthly
Upfront fee
$800
Rate
5.13% p.a.
Comparison Rate
5.28% p.a.
Service fee
$8.00 monthly
Upfront fee
$800
Rate
5.39% p.a.
Comparison Rate
5.37% p.a.
Service fee
$8.00 monthly
Upfront fee
$800

Details

Rates and fees information correct as at 18 January 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
  • 4.55% p.a.

  • n/a

  • n/a

  • n/a

  • 4.70% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • 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 March 2021 and have their loan funded by 30 June 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 18 January 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
  • 5.04% p.a.

  • n/a

  • n/a

  • n/a

  • 4.88% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • 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 18 January 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
  • 5.13% p.a.

  • n/a

  • n/a

  • n/a

  • 5.28% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • 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 March 2021 and have their loan funded by 30 June 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 18 January 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
  • 5.39% p.a.

  • n/a

  • n/a

  • n/a

  • 5.37% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Interest Only

  • 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 March 2021 and have their loan funded by 30 June 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 Standard Variable Rate

  • Overall 5/10
    Some good, some not so good.

    Neither especially like or dislike this Bank and product. Service at signup was not as expected. Service subsequent has been ok.

    Read full review

    Neither especially like or dislike this Bank and product. Service at signup was not as expected. Service subsequent has been ok.

    Price
    6/10
    Features
    6/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    6/10
    Less
    Kerrie, Western Australia reviewed 4 days ago
  • Overall 8/10
    A decent and stable bank.

    Easy to use banking system. Good app. Not so great on lines of credit applications.

    Read full review

    Easy to use banking system. Good app. Not so great on lines of credit applications.

    Price
    7/10
    Features
    7/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    4/10
    Less
    Samantha, Queensland reviewed 7 days ago
  • Overall 8/10
    CBA doesn't offer the lowest mortgage.

    Pros: CommBank has a very good and easy online app, good customer service, quite professional and helpful. Settlement took place very quickly. Best bank for processing home loans. Cons: Interest rates are not the best compared to what's on the market. Fees are quite high.

    Read full review

    Pros: CommBank has a very good and easy online app, good customer service, quite professional and helpful. Settlement took place very quickly. Best bank for processing home loans. Cons: Interest rates are not the best compared to what's on the market. Fees are quite high.

    Price
    8/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Magdalena, Queensland reviewed about 2 months ago
  • Overall 7/10
    Inflexible home loan options.

    Very little flexibility with home loan options. Would be good to tailor a package and include what you actually need as well as interest rate. The “wealth package” is too high an interest rate but it would be nice to have a savings account that saves us on interest too. Will be looking elsewhere in the new year for something with greater flexibility.

    Read full review

    Very little flexibility with home loan options. Would be good to tailor a package and include what you actually need as well as interest rate. The “wealth package” is too high an interest rate but it would be nice to have a savings account that saves us on interest too. Will be looking elsewhere in the new year for something with greater flexibility.

    Price
    7/10
    Features
    3/10
    Customer service
    5/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Jacqui, Victoria reviewed about 2 months ago
  • Overall 8/10
    Very friendly customer service

    I have had no trouble dealing with home loan department. Very smooth transaction into buying our home. As long as income isn’t a issue, there should be no problem when dealing with this bank.

    Read full review

    I have had no trouble dealing with home loan department. Very smooth transaction into buying our home. As long as income isn’t a issue, there should be no problem when dealing with this bank.

    Price
    6/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Megan, Tasmania reviewed about 2 months ago
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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2.34% p.a.

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2.19% p.a.

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2.64% p.a.

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2.20% p.a.

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2.49% p.a.

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fixed 3 years

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fixed 3 years

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fixed 3 years

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fixed 3 years

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

2.47% p.a.

$0.00

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2.34% p.a.

2.34% p.a.

$0.00

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2.19% p.a.

2.19% p.a.

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2.20% p.a.

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2.12% p.a.

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$8.00 monthly

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Back to Basics

2.54% p.a.

2.55% p.a.

$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.