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Commonwealth Bank Standard Variable Rate

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 6 June 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
  • 4.55% 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 with applications before 3 August 2020 and have their loan funded by 9 October 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 6 June 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
  • 5.04% 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 6 June 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
  • 5.13% 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 with applications before 3 August 2020 and have their loan funded by 9 October 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 6 June 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
  • 5.39% 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 with applications before 3 August 2020 and have their loan funded by 9 October 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
6.4/10
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 6/10
    Good customer service and online banking services.

    The bank has a lot of trust to make up for after a number of poor choices made in terms of their social responsibility. Their policies are focused on shareholder returns rather than keeping customers satisfied.

    Read full review

    The bank has a lot of trust to make up for after a number of poor choices made in terms of their social responsibility. Their policies are focused on shareholder returns rather than keeping customers satisfied.

    Price
    2/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    4/10
    Less
    James, New South Wales reviewed 4 days ago
  • Overall 8/10
    Great customer service.

    The rates could be more competitive.

    Read full review

    The rates could be more competitive.

    Price
    6/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Sangram, New South Wales reviewed 18 days ago
  • Overall 9/10
    Easy to use.

    I have alot of options and can move my money around different accounts with ease.

    Read full review

    I have alot of options and can move my money around different accounts with ease.

    Price
    8/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Diane, Queensland reviewed about 1 month ago
  • Overall 10/10
    Great great great.

    Great bank, great service, great products, very reliable.

    Read full review

    Great bank, great service, great products, very reliable.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Martin, South Australia reviewed about 1 month ago
  • Overall 8/10
    Great home loan with great perks

    Happy with CBA. Never had a problem and great offers.

    Read full review

    Happy with CBA. Never had a problem and great offers.

    Price
    5/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Nadia, New South Wales 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.