6.03% p.a.
n/a
n/a
n/a
n/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
$12.00 monthly
$350.00
$20,000
none
none
80.00%
Owner Occupier, Investor
No set repayments
No set repayments
n/a
none
n/a
none
yes
no
Legal fees charged at cost.
none
$2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.
Commonwealth Bank's products are generally very good, and the bank has responded admirably to the Covid crisis, reducing rates and supporting customers in need. The interest rate on our VLOC product has not dropped however (interest rate 5.12%) even though the debt is recoverable against our family home (and normal home loan rates have dropped). Otherwise, the VLOC is excellent for providing flexibility.
Read full reviewCommonwealth Bank's products are generally very good, and the bank has responded admirably to the Covid crisis, reducing rates and supporting customers in need. The interest rate on our VLOC product has not dropped however (interest rate 5.12%) even though the debt is recoverable against our family home (and normal home loan rates have dropped). Otherwise, the VLOC is excellent for providing flexibility.
Line of credit suits our needs as we are self employed. Great service when we have needed their assistance.
Read full reviewLine of credit suits our needs as we are self employed. Great service when we have needed their assistance.
They are quite inefficient in some dealings. Interest rate is pathetic and the monthly fee is ridiculous. They have totally lost consumer confidence as a result of the Banking Royal Commission.
Read full reviewThey are quite inefficient in some dealings. Interest rate is pathetic and the monthly fee is ridiculous. They have totally lost consumer confidence as a result of the Banking Royal Commission.
Pros: big bank, plenty of branches, with hi tech online banking.
Read full reviewPros: big bank, plenty of branches, with hi tech online banking.
As a casually employed person I felt the bank did not have confidence in my ability to support my mortgage however I have been able to do that without their help. I had to borrow for a car else where as my insecure employment meant the Commonwealth bank did not want to lend me the money. Their lack of confidence in me has eroded my loyalty to them.
Read full reviewAs a casually employed person I felt the bank did not have confidence in my ability to support my mortgage however I have been able to do that without their help. I had to borrow for a car else where as my insecure employment meant the Commonwealth bank did not want to lend me the money. Their lack of confidence in me has eroded my loyalty to them.
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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Commonwealth Bank
Fixed Rate Home Loan (Wealth Package)
p.a.
3.87% p.a.
$395.00 yearly
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Suncorp
Fixed Home Loan (Home Package Plus)
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fixed 3 years
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Newcastle Permanent
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2.39% p.a.
fixed 3 years
3.66% p.a.
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People's Choice Credit Union
Basic Variable Home Loan
2.69% p.a. variable
2.69% p.a.
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Bank of Queensland
Fixed Rate
2.35% p.a.
fixed 3 years
3.44% p.a.
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Yard
Variable Home Loan Winter Special
2.39% p.a. variable
2.42% p.a.
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Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.39% p.a.
fixed 3 years
3.66% p.a.
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Bank of Queensland
Economy
2.69% p.a. variable
2.86% p.a.
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Bank of Queensland
Economy
2.69% p.a.
2.86% p.a.
Promoted
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a.
3.34% p.a.
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People's Choice Credit Union
Basic Variable Home Loan
2.69% p.a.
2.69% p.a.
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Yard
Variable Home Loan Winter Special
2.39% p.a.
2.42% p.a.
Promoted
Suncorp
Fixed Home Loan (Home Package Plus)
2.49% p.a.
fixed 3 years
3.31% p.a.
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Commonwealth Bank
Fixed Rate Home Loan (Wealth Package)
2.29% p.a.
fixed 3 years
3.87% p.a.
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Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.39% p.a.
fixed 3 years
3.66% p.a.
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People's Choice Credit Union
Fixed Rate Home Loan (Package)
2.29% p.a.
fixed 3 years
3.72% p.a.
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Mortgage House
Switch and Save Special - Fixed Home Loan
2.44% p.a.
fixed 3 years
2.60% p.a.
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People's Choice Credit Union
Basic Variable Home Loan
2.69% p.a.
2.69% p.a.
$0.00
Promoted
Yard
Variable Home Loan Winter Special
2.39% p.a.
2.42% p.a.
$0.00
Promoted
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a.
3.34% p.a.
$395.00 yearly