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

4.80% p.a.

4.95% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

4.80% p.a.

4.95% p.a.

$8.00 monthly

5.29% p.a.

5.44% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

5.29% p.a.

5.44% p.a.

$8.00 monthly

5.38% p.a.

5.53% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

5.38% p.a.

5.53% p.a.

$8.00 monthly

5.64% p.a.

5.79% p.a.

$8.00 monthly

Commonwealth Bank Standard Variable Rate

5.64% p.a.

5.79% p.a.

$8.00 monthly

Details

Rates and fees information correct as at 28 January 2020. 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
  • 4.80% p.a.

  • n/a

  • n/a

  • n/a

  • 4.95% 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 with applications before 10 January 2020 and have their loan funded by 6 March 2020. 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 28 January 2020. 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
  • 5.29% p.a.

  • n/a

  • n/a

  • n/a

  • 5.44% 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 28 January 2020. 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
  • 5.38% p.a.

  • n/a

  • n/a

  • n/a

  • 5.53% 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 with applications before 10 January 2020 and have their loan funded by 6 March 2020. 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 28 January 2020. 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
  • 5.64% p.a.

  • n/a

  • n/a

  • n/a

  • 5.79% 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 with applications before 10 January 2020 and have their loan funded by 6 March 2020. 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 6/10
    Only want big loans.

    We do not have a large loan. Because of this we are overlooked for low rates and offers from other financial institutions. I contacted my bank by phone and was told they couldn't offer a low rate. We are paying way above all advertised rates and dissatisfied by this.

    Read full review

    We do not have a large loan. Because of this we are overlooked for low rates and offers from other financial institutions. I contacted my bank by phone and was told they couldn't offer a low rate. We are paying way above all advertised rates and dissatisfied by this.

    Price
    4/10
    Features
    7/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Linda, New South Wales reviewed about 2 months ago
  • Overall 6/10
    Typical big four bank attitude not competitive.

    Typical big bank attitude where they only do what they have to. Not as competitive and don’t offer the lower interest rates as some others.

    Read full review

    Typical big bank attitude where they only do what they have to. Not as competitive and don’t offer the lower interest rates as some others.

    Price
    4/10
    Features
    3/10
    Customer service
    5/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Nicholas, Victoria reviewed about 2 months ago
  • Overall 3/10
    Poor interest rates.

    The bank does not pass on full interest rate cuts.

    Read full review

    The bank does not pass on full interest rate cuts.

    Price
    7/10
    Features
    0/10
    Customer service
    5/10
    Convenience
    7/10
    Trust
    3/10
    Less
    Susan, New South Wales reviewed about 2 months ago
  • Overall 8/10
    Large.

    Offered a loan when others wouldn’t.

    Read full review

    Offered a loan when others wouldn’t.

    Price
    8/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    7/10
    Less
    Gill, New South Wales reviewed about 2 months ago
  • Overall 9/10
    Competitive.

    Great service.

    Read full review

    Great service.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Melanie, Victoria reviewed about 2 months 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.