Commonwealth Bank Standard Variable Rate

This product is available in different versions. Pick the right version for you here.

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

4.93% p.a.

5.08% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

4.93% p.a.

5.08% p.a.

$8.00 monthly

5.42% p.a.

5.57% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

5.42% p.a.

5.57% p.a.

$8.00 monthly

5.51% p.a.

5.66% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

5.51% p.a.

5.66% p.a.

$8.00 monthly

5.89% p.a.

6.04% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

5.89% p.a.

6.04% p.a.

$8.00 monthly

Details

Rates and fees information correct as at 25 August 2019. 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
  • 4.93% p.a.

  • n/a

  • n/a

  • n/a

  • 5.08% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $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

  • none

  • none

  • $2,000 cashback for refinancers that apply before 7 October 2019 and have their loan funded by 9 December 2019. Minimum refinance amount $250,000.

*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 25 August 2019. 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
  • 5.42% p.a.

  • n/a

  • n/a

  • n/a

  • 5.57% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $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

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • 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 25 August 2019. 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
  • 5.51% p.a.

  • n/a

  • n/a

  • n/a

  • 5.66% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $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

  • none

  • none

  • $2,000 cashback for refinancers that apply before 7 October 2019 and have their loan funded by 9 December 2019. Minimum refinance amount $250,000.

*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 25 August 2019. 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
  • 5.89% p.a.

  • n/a

  • n/a

  • n/a

  • 6.04% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $200.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

  • $2,000 cashback for refinancers that apply before 7 October 2019 and have their loan funded by 9 December 2019. Minimum refinance amount $250,000.

*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 customer rating
6.8/10
Price
6.3/10
Features
6.3/10
Customer service
6.9/10
Convenience
7.9/10
Trust
6.7/10

Latest reviews of Commonwealth Bank Standard Variable Rate

  • Overall
    7/10
    Happy with CBA

    They are great but sometimes its hard to find anyone to talk.

    They are great but sometimes its hard to find anyone to talk.

    Price
    6/10
    Features
    6/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    6/10

    Paul | Queensland

    reviewed 9 months ago

  • Overall
    6/10
    Happy with service but could be much better

    They could be more competitive with stuff other than their interest rates.

    They could be more competitive with stuff other than their interest rates.

    Price
    6/10
    Features
    2/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    3/10

    Nicole | Queensland

    reviewed 10 months ago

  • Overall
    6/10
    Ok

    CBA's home loan deal isn't the best but it also isn't the worst. It's ok.

    CBA's home loan deal isn't the best but it also isn't the worst. It's ok.

    Price
    8/10
    Features
    6/10
    Customer service
    1/10
    Convenience
    5/10
    Trust
    6/10

    Adam | Victoria

    reviewed 11 months ago

  • Overall
    0/10
    Doesn’t care about the customers

    I have a reverse mortgage loan, the reason I have this loan is be used. I cannot survive on the...

    I have a reverse mortgage loan, the reason I have this loan is be used. I cannot survive on the pension and because I have to pay high interest on this loan, it has made it even harder to keep the family home. I feel that the reverse mortgage loan should be the same interest rate as the cheapest home loan rate. I feel that the Commonwealth Bank just wants the pensioner to be in a position to either have to sell the family home or because they cannot pay the monthly interest payments the bank eventually just takes the home.

    Price
    3/10
    Features
    1/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    -1/10

    Lynne | Queensland

    reviewed over 1 year ago

  • Overall
    4/10
    Not good enough

    Looking at my rating I might have to change banks soon.

    Looking at my rating I might have to change banks soon.

    Price
    4/10
    Features
    4/10
    Customer service
    4/10
    Convenience
    6/10
    Trust
    6/10

    Colleen | Western Australia

    reviewed over 1 year 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.

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*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.