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 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.
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 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.
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 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.
Neither especially like or dislike this Bank and product. Service at signup was not as expected. Service subsequent has been ok.
Read full reviewNeither especially like or dislike this Bank and product. Service at signup was not as expected. Service subsequent has been ok.
Easy to use banking system. Good app. Not so great on lines of credit applications.
Read full reviewEasy to use banking system. Good app. Not so great on lines of credit applications.
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 reviewPros: 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.
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 reviewVery 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.
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 reviewI 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.
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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1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
People's Choice Credit Union
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fixed 3 years
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2.59% p.a.
2.76% p.a.
People's Choice Credit Union
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fixed 3 years
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Bank of Queensland
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fixed 3 years
3.01% p.a.
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Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
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Variable Home Loan Special
2.09% p.a.
2.12% p.a.
$0.00
GMCU
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2.33% p.a.variable for 24 months and then 3.82% p.a.
3.71% p.a.
$8.00 monthly
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.
