Commonwealth Bank Fixed Rate Home Loan

Rates and Fees verified correct on October 26th, 2016

Fix your rate and plan your budget effectively with the Commonwealth Bank Fixed Rate Home Loan.

A fixed loan from Commonwealth offers individuals interested in buying a property to live in or for investment purposes a repayment plan that will not change for the term of your loan. This means that you won't be surprised by your payment suddenly going up.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed (Investor)
4.94% p.a.
Comparison Rate
5.58% p.a.
90% 60%
1 Year Fixed Rate (Owner Occupier)
4.54% p.a.
Comparison Rate
5.30% p.a.
90% 80%
2 Years Fixed (Investor)
4.14% p.a.
Comparison Rate
5.38% p.a.
90% 60%
2 Year Fixed Rate (Owner Occupier)
3.99% p.a.
Comparison Rate
5.13% p.a.
90% 80%
3 Years Fixed (Investor)
4.19% p.a.
Comparison Rate
5.28% p.a.
90% 60%
3 Year Fixed Rate (Owner Occupier)
4.04% p.a.
Comparison Rate
5.05% p.a.
90% 80%
4 Years Fixed (Investor)
5.14% p.a.
Comparison Rate
5.51% p.a.
90% 60%
4 Year Fixed Rate (Owner Occupier)
4.74% p.a.
Comparison Rate
5.20% p.a.
90% 80%
5 Years Fixed (Investor)
4.29% p.a.
Comparison Rate
5.13% p.a.
90% 60%
5 Year Fixed Rate (Owner Occupier)
4.14% p.a.
Comparison Rate
4.91% p.a.
90% 80%
7 Years Fixed (Investor)
7.74% p.a.
Comparison Rate
6.94% p.a.
90% 60%
7 Year Fixed Rate (Owner Occupier)
7.74% p.a.
Comparison Rate
6.83% p.a.
90% 60%
Product NameCommonwealth Bank Fixed Rate Home
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$10,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR60%
Maximum Insured LVR90%
Mortgage 100% OffsetYes
Loan Redraw FacilityNo
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$8 monthly ($96 p.a.)
Settlement Fee$200
Discharge Fee$350


  • You can pay extra payments during the fixed term without penalty
  • You can borrow up to 90% of the property value


  • There is a $600 application fee
  • There is an $8 per month account fee
  • A discharge fee of $350 applies when you close your home loan account

Overview of the Commonwealth Bank Fixed Loan

This loan is available to those wishing to buy a home, investors looking for a new property, those wishing to purchase land and borrowers looking for bridging finance. It's not available for those constructing a home or investment property, buying a property off-the-plan, or to finance business purposes.

Features of the Fixed Rate Loan from Commonwealth Bank

A Fixed Rate Loan from Commonwealth Bank allows individuals to fix their interest rate on their home loan for up to fifteen years. Other features include:

  • Interest-only payments: The combination of fixed interest and interest-only payments can be good for investors looking to maximise their cash flow for other investments.
  • Mortgage offset: a partial offset on this loan is allowed when the loan is paired with an interest saver account from Commonwealth Bank.
  • Split Loan: you have the option to use this loan for part of the total amount borrowed and another loan for the remaining amount.
  • You can make additional payments on the loan up to $10,000 per year in order to more quickly pay off the loan.

Who could benefit from this type of loan?

Fixed rate loans are a great option for those that are on a limited budget. A fixed rate loan allows you to set your weekly or monthly budget up around the payment that will be due. Additionally, if interest rates start to go up, you are saving money as your rate is fixed at the lower rate. This type of loan should be chosen if:

  • You prefer to know the amount of interest that you will be paying during the first s of the loan.
  • If interest rates are currently low. Locking in a loan at a low rate is recommended.
  • If you are buying an investment property and are looking for a low cost home loan for the purchase of the property.

While there are many great reasons to choose this type of loan, there are also some considerations potential borrowers should make, including:

  • If interest rates are currently high and expected to go down, waiting before fixing a rate may prove a good option.
  • If your credit score is less than perfect, fix the issues with your credit before considering this type of loan.
  • If you need to borrow more than 80% of the property value, you might be required to carry lender's mortgage insurance with this loan if you do not make at least a 20% down payment. This is a one-off payment you'll have to make when you take out your loan.

How to apply for a Commonwealth Bank Fixed Loan

Applying for this loan is easy. Click on the 'find out more' 'enquire now' or 'details' button on the bottom or right side of this page to be taken to a page where you can select to book a free appointment to discuss your options.

Once you get to this page, click 'Book Free Appointment' to be taken to the Aussie Mortgage Brokers website. Aussie Mortgage Brokers offer Commonwealth Bank Home Loans.

Once here, input the requested contact details and an Aussie Mortgage specialist will contact you at the time you specify.

Enquire about this home loan

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

Enquire about this home loan
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This page was last modified on 23 February 2016 at 11:44.

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Commonwealth Bank Fixed Rate Home

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $600 / $8

  • Max LVR


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