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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $10,000 | |
| | Owner Occupier | Interest Only | < 80% | $10,000 | |
| | Investor | Principal & Interest | < 90% | $10,000 | |
| | Investor | Interest Only | < 90% | $10,000 |
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
4.55% 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
$600.00
n/a
$0.00
$200.00
n/a
$8.00 monthly
$350.00
$10,000
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 30 June 2021 and have their loan funded by 30 September 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.
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
$600.00
n/a
$0.00
$200.00
n/a
$8.00 monthly
$350.00
$10,000
none
none
80.00%
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.
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
$600.00
n/a
$0.00
$200.00
n/a
$8.00 monthly
$350.00
$10,000
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 30 June 2021 and have their loan funded by 30 September 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.
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
$600.00
n/a
$0.00
$200.00
n/a
$8.00 monthly
$350.00
$10,000
none
none
90.00%
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 30 June 2021 and have their loan funded by 30 September 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.
It was an easy application process and the mobile app and its features make it easy to manage my loan, adjust repayments and change between interest only and principle and interest. I feel the interest rate is slightly higher than some other banks.
Read full reviewIt was an easy application process and the mobile app and its features make it easy to manage my loan, adjust repayments and change between interest only and principle and interest. I feel the interest rate is slightly higher than some other banks.
At CBA they over charged my home loan account while I was in Covid deferred time then the account was put into arrears by mistake. Then on top of that they do this random sweep for accounts that are in arrears so they took double payment in the month of February, three days apart and was not my fault. I was contacted by more than 8 different staff members about my arrears amount and none of them new the issue or read the previous persons notes on their system. Altogether they wasted 5 hours of my time on the phone. Only last week they finally sorted arrears amount and I’m still waiting on the second random sweep amount to be sorted out. They don’t contact you with a return number it’s always a private number and they won’t email so it’s hard to return any of their calls. I have never been in arrears or missed payments and during a tough Covid time with financial burdens this problem has not helped but rather left my family and I extremely stressed and worried. Only the last customer service girl seemed to know how to make sense of the issues, one out of 8 or more other untrained staff members. Sorry to be harsh but I’m being honest and hope others don’t suffer like I have.
Read full reviewAt CBA they over charged my home loan account while I was in Covid deferred time then the account was put into arrears by mistake. Then on top of that they do this random sweep for accounts that are in arrears so they took double payment in the month of February, three days apart and was not my fault. I was contacted by more than 8 different staff members about my arrears amount and none of them new the issue or read the previous persons notes on their system. Altogether they wasted 5 hours of my time on the phone. Only last week they finally sorted arrears amount and I’m still waiting on the second random sweep amount to be sorted out. They don’t contact you with a return number it’s always a private number and they won’t email so it’s hard to return any of their calls. I have never been in arrears or missed payments and during a tough Covid time with financial burdens this problem has not helped but rather left my family and I extremely stressed and worried. Only the last customer service girl seemed to know how to make sense of the issues, one out of 8 or more other untrained staff members. Sorry to be harsh but I’m being honest and hope others don’t suffer like I have.
I have always found Commonwealth Bank to be reasonably straightforward to deal with. I do love speaking with customer service representatives who are clear, easy to understand, helpful and patient.
Read full reviewI have always found Commonwealth Bank to be reasonably straightforward to deal with. I do love speaking with customer service representatives who are clear, easy to understand, helpful and patient.
Pricing is not competitive as other banks have much lower rates for the same kind of loan. Features have a redraw facility but that's it. I have never heard from the bank in 17 years after receiving the loan - I do hear from my mortgage broker - who sends me a scratchie ticket every year for Christmas. Imagine getting that from your bank - don't think so! The bank only thanks you for being a loyal customer if you walk in there and ask for service. Convenience is great through online banking, but they do not want you in the bank as they make that clear by having one teller on at lunch - very uninviting. Trust - Have they really earned the trust of the people? I would not recommend any bank to anyone unless the bank bent over backwards to give amazing services and to also keep contact with their customers.
Read full reviewPricing is not competitive as other banks have much lower rates for the same kind of loan. Features have a redraw facility but that's it. I have never heard from the bank in 17 years after receiving the loan - I do hear from my mortgage broker - who sends me a scratchie ticket every year for Christmas. Imagine getting that from your bank - don't think so! The bank only thanks you for being a loyal customer if you walk in there and ask for service. Convenience is great through online banking, but they do not want you in the bank as they make that clear by having one teller on at lunch - very uninviting. Trust - Have they really earned the trust of the people? I would not recommend any bank to anyone unless the bank bent over backwards to give amazing services and to also keep contact with their customers.
Good communication and up to date info.
Read full reviewGood communication and up to date info.
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.
