Commonwealth Bank Fixed Rate Wealth Package Home Loan

Rates and Fees verified correct on February 15th, 2016

Get a discount off your loan interest rate and fees and a range of other benefits in exchange for an annual fee

A fixed rate loan gives you the opportunity do away with the uncertainty of a mortgage. Paying off a fixed rate mortgage means your repayments won’t change at all during the fixed term. If rates rise you’ll save money; however, getting a good deal on the rate you fix is still crucial because you’ll be paying this same amount for upwards of a year. The Commonwealth Bank Fixed Rate Home Loan with Wealth Package gives you a discount on the loan. It also waives establishment fees and loan service fees for transaction accounts and credit cards, discount rates on personal loans and insurance.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed (Investor)
4.79% p.a.
Comparison Rate
5.70% p.a.
95% 80%
1 Year Fixed Rate
4.39% p.a.
Comparison Rate
5.43% p.a.
95% 80%
2 Year Fixed Rate
4.19% p.a.
Comparison Rate
5.33% p.a.
95% 80%
2 Years Fixed (Investor)
4.44% p.a.
Comparison Rate
5.59% p.a.
95% 80%
3 Year Fixed Rate
4.29% p.a.
Comparison Rate
5.28% p.a.
95% 80%
3 Years Fixed (Investor)
4.54% p.a.
Comparison Rate
5.54% p.a.
95% 80%
4 Years Fixed (Investor)
4.99% p.a.
Comparison Rate
5.63% p.a.
95% 80%
4 Year Fixed Rate
4.59% p.a.
Comparison Rate
5.32% p.a.
95% 80%
5 Year Fixed Rate
4.59% p.a.
Comparison Rate
5.28% p.a.
95% 80%
5 Years Fixed (Investor)
4.89% p.a.
Comparison Rate
5.56% p.a.
95% 80%
7 Years Fixed (Investor)
7.59% p.a.
Comparison Rate
7.04% p.a.
95% 80%
7 Year Fixed Rate
7.59% p.a.
Comparison Rate
6.93% p.a.
95% 80%
Product NameCommonwealth Bank Wealth Package Fixed Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$10,000
Minimum Loan Term10 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentNo
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$200
Discharge Fee$350
  • Get a discount off the advertised fixed rates for choosing the Wealth Package.
  • Link a partial offset account to your home loan to reduce interest.
  • Make extra payments each year during the fixed term without penalty.
  • There is a $395 annual package fee.
  • The offset account has a limit per withdrawal and also per deposit.

Things to consider about the Commonwealth Bank Fixed Rate Home Loan with Wealth Package

The Fixed Rate Home Loan with Wealth Package is a full documentation loan. This means you have to supply the full range of employment and income information required by your lender. If you're self-employed or require a low doc loan, the Fixed Rate Home Loan is available, but not with the Wealth Package.

The loan can be taken out by owner occupiers, investors and used as finance to purchase land. It’s also available for bridging finance.

The Fixed Rate Home Loan is not available for business purposes, purchasing an off-the-plan property or constructing a home or investment property.

Features of the Commonwealth Bank Fixed Rate Home Loan with Wealth Package

  • Maximum LVR and loan term: This loan allows you to borrow up to 80% of the value of the property without lender’s mortgage insurance (LMI), or more if you’re prepared to pay the LMI premium. This loan has a minimum term of one year and a maximum of 30 years.
  • Rate Lock: This enables you to lock in the interest rate at the time of application for up to 90 days. It protects you in the event that the advertised rate rises before your loan is finalised.
  • Interest-only: This loan allows you to pay off only the interest component rather than both the interest and principal. This decreases your repayments each month, which may be beneficial for those who want the extra cash to renovate or invest in alternative assets. If you choose this option your repayments will need to be paid each month. Borrowers paying interest and principal repayments can also choose weekly and fortnightly repayment schedules.
  • Partial offset account: You can link a Commonwealth Mortgage Interest Saver Account (MISA) to your Fixed Rate Home Loan. The balance left in the MISA offsets the same amount in your loan by 1.5% p.a. A MISA balance of $5000 for example means $5000 of your home loan balance would be calculated at an interest rate 1.5% p.a lower than your fixed rate. This can save you money over the course of the year, as well as shorten your loan term. You need to have a minimum of $1000 in your MISA to begin the offset process.
  • Get access to funds in emergencies: You can withdraw funds from your MISA at any time, as long as the withdrawal is for a minimum of $500. This can be done at a branch, over the phone, via internet banking, at some ATMS, via EFTPOS or at Australia Post.
  • Additional payments: You can put extra funds towards this loan to pay it off early. This is capped at $10,000 per year without penalty.
  • Wealth Package discounts: This package waives fees for some personal loans, credit cards and transaction accounts. It also gives discounts on the premiums of some car, home and loan insurance policies, as well as discounts on the interest rate of some personal loans.
  • Split loan option: Splitting your loan will give you the benefits of both a fixed rate loan and a variable rate loan. If interest rates rise your fixed rate portion will shield you from the increased costs and if rates decrease the variable rate will maximise any savings.


Fees you can avoid:

  • Rate lock. $750. This is charged to cover the cost of locking in the rate advertised at the time of application, to ensure your loan rate doesn’t rise in the time taken to finalise your loan application.
  • Lender’s mortgage insurance: Amount depends on loan and deposit. This is charged if you borrow over 80% of the property’s value. It insures your lender in the event you default on your loan and they’re unable to recoup costs after selling your property.
  • Establishment fee. $600. This is charged to pay for the costs involved in setting up your loan and is waived under the Wealth Package.
  • Loan service fee. $8. This is a monthly fee for upkeeping your loan and is waived under the Wealth Package.

Fees you can’t avoid:

  • Annual fee. $395. This covers the cost of the wealth package and is charged each year.

Know how much you want to borrow? Use our calculator to find out what your repayments will be

How to enquire about the Commonwealth Bank Fixed Rate Home Loan with Wealth Package

By clicking the 'Enquire' buttons on this page you can start a discussion with a mortgage expert about this loan.

Once you click 'Enquire', you'll be scrolled up to the top of the page so you can enter in your details into the form on the right hand side of the page. Your mortgage expert will call you back within a business day to have an obligation and cost free discussion.

Take advantage of discounts on your loan rate for two years and get in control of your mortgage. Click ‘Enquire’ and fill out the form to learn more.

Enquire about this home loan

Commonwealth Bank Fixed Rate Wealth Package Home Loan Interest Rate History vs RBA Cash Rate Graph

Enquire about this home loan
Was this content helpful to you? No  Yes

Related Posts

This page was last modified on 17 December 2015 at 11:02.

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

4 Responses to Commonwealth Bank Fixed Rate Wealth Package Home Loan

  1. Default Gravatar
    Megan | September 3, 2015

    can I refinance when in a fixed term loan

    • Staff
      Marc | September 4, 2015

      Hi Megan,
      thanks for the question.

      You can refinance from a fixed rate home loan into another, but be aware that you’ll need to generally pay break costs when leaving a fixed rate home loan before the end of the fixed term. These are worked out with a mathematical formula, so if you’re thinking about leaving your fixed rate home loan for a new home loan, it’s a good idea to contact your lender and ask them for a quote. You can read more about this fee here.

      I hope this helps,

  2. Default Gravatar
    Tien | June 12, 2015

    I wonder why I don’t have any Home Loan with you at the moment, but you still charged me $ 395.00 for Commonwealth Bank Wealth Package on 12-5-2015. Would you please clarify this matter for me.

    Thank you very much and looking forward to hearing from you soonest.

    Kind regards,


    • Staff
      Belinda | June 12, 2015

      Hi Tien,

      Thanks for reaching out.

      You’ve come through to which is an online comparison website. To follow up with your home loan application, you’ll need to contact the Commonwealth Bank directly.


Commonwealth Bank Wealth Package Fixed Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR


Ask a question