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Commonwealth Bank Standard Variable Rate

Advertiser disclosure
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
Rate
8.80% p.a.
Comparison Rate
8.95% p.a.
Service fee
$8.00 monthly
Upfront fee
$800
Rate
9.29% p.a.
Comparison Rate
9.17% p.a.
Service fee
$8.00 monthly
Upfront fee
$800
Rate
9.38% p.a.
Comparison Rate
9.53% p.a.
Service fee
$8.00 monthly
Upfront fee
$800
Rate
9.64% p.a.
Comparison Rate
9.64% p.a.
Service fee
$8.00 monthly
Upfront fee
$800

Details

Rates and fees information correct as at 18 May 2024. 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

8.80% p.a.

n/a

n/a

n/a

8.95% 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.

CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000.

To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits.

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 18 May 2024. 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

9.29% p.a.

n/a

n/a

n/a

9.17% 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.

CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000.

To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits.

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 18 May 2024. 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

9.38% p.a.

n/a

n/a

n/a

9.53% 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.

CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000.

To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits.

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 18 May 2024. 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

9.64% p.a.

n/a

n/a

n/a

9.64% 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.

CommBank home loan customers can use a 3.99% p.a. (3.99% p.a. comparison rate) 10 year fixed rate Green Loan to buy eligible clean energy products. Loan size $5,000-$30,000.

To qualify as a Homeowner, you need a CommBank account, 30+ monthly transactions, and active home loan. Enjoy Kit membership, Yello Offers, cashback on loans, 1000 credit card points, insurance cashback, property trend reports, and ongoing Kit benefits.

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
7.4/10
Price
6.4/10
Features
6.3/10
Customer service
7.0/10
Convenience
7.9/10
Trust
6.7/10
Based on 6046 Commonwealth Bank home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Commonwealth Bank Standard Variable Rate Home Loan

About Commonwealth Bank

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6.29% p.a. variable

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Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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6.59% p.a.
fixed 3 years

7.06% p.a.

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6.14% p.a. variable

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6.14% p.a. variable

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5.99% p.a. variable

5.90% p.a.

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Macquarie

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6.14% p.a. variable

6.16% p.a.

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6.29% p.a. variable

6.20% p.a.

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6.24% p.a. variable

6.48% p.a.

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6.09% p.a. variable

6.20% p.a.

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6.19% p.a. variable

6.43% p.a.

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Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

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Macquarie

Offset Home Loan (Package)

6.14% p.a. variable

6.39% p.a.

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Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.19% p.a.

6.43% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

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Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ANZ

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6.59% p.a.
fixed 3 years

7.06% p.a.

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Unloan

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5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a.

6.09% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a.

6.20% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

$0.00

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

$248.00 yearly

Thumbnail icon for ubank
ubank

Flex Home Loan

6.19% p.a.

6.43% p.a.

$250.00 yearly

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

$0.00

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.

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