Your selected home loans
Competitive variable rate for refinancers
Manage your home loan through the CommBank app
Unlimited extra repayments and free redraws via CommBank app or NetBank.
Only available for refinancing, unless you have a 40% deposit (60% LVR)
Each month there’s a $10 fee, which eligible borrowers can recoup with CommBank Yello cashback
$500 in upfront fees.
If you’re a refinancer looking for a competitive rate, then CommBank’s Digi Home Loan could be one to watch.
Interest rates for owner-occupiers with a 70-80% loan-to-value ratio (LVR) start at 6.19% p.a. (6.32% p.a. comparison rate*). However, borrowers refinancing to the Digi Home Loan who have 60% LVR may be eligible for an interest rate of 6.15% p.a. (6.28% p.a. comparison rate*).
This is a digital home loan, meaning you’ll do the bulk of your loan application and management through the CommBank app or NetBank. Those services are also where you can take advantage of this product’s unlimited extra repayments and free redraw facility.
When it comes to fees, the Digi Home Loan sits somewhere around the middle, in terms of pricing. Upfront fees will cost you about $500 ($300 application fee and $200 settlement fee) and there’s a monthly $10 loan service fee to take care of.
Eligible CommBank Yello customers could make that monthly fee back, and then some, with the Yello cashback offer (T&Cs apply).
Your selected home loans
This bank has a very experienced team , they have always helped me whenever i wasn't sure about things and were very patient.
I like this bank as they have been allowing me to have a hardship plan through these toughest times. I dislike this bank as the interest rate is to high with no flexibility of lowering the interest rate People to be careful for high interest rates and bank charges.
I’ve been using Commonwealth Bank for my home loan, and overall, it’s been a positive experience. One of the standout features is their exceptional customer service. They were incredibly helpful in structuring our loan for a removal house, which was more complex than a standard loan. The team took the time to guide us through the process and ensure we understood all the details, which made the whole experience much smoother. Additionally, their online and phone services are user-friendly and convenient, making it easy to manage our account and stay on top of things. However, one downside is that compared to other banks I’ve seen, Commonwealth Bank doesn’t offer many benefits or advantages to help with the cost of living. While their home loan services are great, there aren’t many extra perks that could make day-to-day banking more rewarding. Overall, I’m happy with their service but feel room for improvement exists.
They are ok. Similar rates ans perks to other banks. Quick customer service and reliable. Meet expectations.
Surprisingly, the CBA really went out of there to help us get a home loan. The wealth package was an added bonus. They offer a wide range of products. I have not yet had a negative experience with CBA
Commonwealth is a reliable, trust worthy and respectful bank, they were the only bank to truly here me out and work with me. Their customer service is A1 and extremely polite and knowledgeable
When I needed to get a new home loan to buy out my ex out of one of the properties we owned, they only gave me the one option and didn’t give me any choices in which loan I should get. Not once have they contacted me to check to see if I’m happy with the loan or offer me a better deal. Would have expected more considering the amount of money they are getting from me through the interest I pay.
From initial application to recent times of difficulty, I cannot fault Commbank. Easy to contact at all times and excellent customer service.
Struggle to get a representative to contact us back. Nothing has ever been done in a timely manner or with respect
My home burnt down in March this year.I still have a mortgage with Comm Bank.The insurance company have been dragging out payment,which has left me financially compromised. Comm bank have been very supportive during this crisis and have provided me with hardship plans.They have been amazing.People be aware of NRMA insurance.I have paid money for over 50 years,never made a claim and since the fire they have turned ,are nasty and trying every trick in the book not to pay the policy,which is still ongoing I am 71,I think they hope I will die from the stress
CommBank has a long history of helping people buy a home and they’re one of the largest lenders in Australia. That being said, Big Four home loans rarely offer the lowest rates in the market. But, if you’re comparing Big Four rates, CommBank are often rate leaders compared to Westpac, NAB, and ANZ interest rates.
To make use of redraws on your CommBank home loan, you can use the CommBank app, the NetBank website, talk to a representative over the phone, or visit a CBA bank branch.
On some CommBank home loans (e.g. the Digi Home Loan), redraws are free if you use their mobile application or NetBank. However, calling the bank or visiting them in-person could cost you a small fee to redraw your extra repayments.
If you apply for CommBank’s Standard Variable Rate Wealth Package, you may be able to negotiate your interest rate with one of their lending specialists.
The Commonwealth Bank only offers offset accounts on the following home 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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