The CommBank is the biggest of Australia's Big Four Banks. Check out the full table of CommBank products below or read more about the lender and its loans.
Compare CommBank home loan products in the table below. You can also find more information on each individual product by clicking "More info".
CommBank has a range of mortgages for many types of borrowers. It offers loans for first home buyers, investors, those looking to refinance, and those who want to access their existing home equity.
| Feature | Details |
|---|---|
| Deposit size | You can borrow up to 95% with some CommBank mortgages, including some very competitive rates. But many rates require larger deposits, so look carefully at each loan's LVR. |
| Offset account? | Some CommBank loans come with 100% offset accounts, but not all of them do so check carefully before applying. |
| Repayment options | CommBank's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans. |
| Package Benefits | CommBank's package home loans offer discounted mortgage rates and fee waivers on the loan and a credit card. |
"I’ve been with CommBank for four years. When I was looking for my first home loan in Australia, I initially considered smaller lenders with lower rates and didn’t even think of my existing bank. However, after spending an hour on hold with a smaller lender, I decided to give CommBank a call and never looked back. They assigned a direct contact who I could call anytime and offered a significant discount on their variable rate. It was a surprisingly straightforward process and better value than expected."
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
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If you're interested in Australia's biggest banks, you can also compare loans from CommBank's Big Four rivals.
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
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I CURRENTLY HAVE A PRINCIPAL AND INTEREST LOAN OF 400,000, CAN I REFINANCE WITH COMMONWEALTH BANK TO INTEREST ONLY
Hi Syed,
I suggest reaching out to the CommBank directly if you want to refinance with this bank.
All the best,
Richard
Hi my daughter (42) has a home loan with Westpac. Loan 300K over 30 yr. Current rate 5.5% variable. Has had issues with credit rating. If my wife an I act as guarantor $3m in assets would it help her lower the rate
%
Hi Bevans,
Having a guarantor may be able to help your daughter secure a lower rate from some lenders. She can compare home loans with guarantor options here.
Consulting a mortgage broker is also advisable to help her find the right finance option.
All the best,
Rebecca
How many NEW residential home mortgages are REGISTERED per annum per each of the four big banks, in particular the CBA?
How many residential home mortgages are DISCHARGED per annum per each of the four big banks, in particular the CBA?
Hello Ken,
Sorry, we don’t have that data available.
All the best,
Richard
Im unable to find any information on Commbank about 2% single parent home loan? Can you provide information please or how I can make arrange a call? Do I just speak to Commbank loan expert?
Hi Liz,
If you’re referring to CommBank’s new Family Home Guarantee where single parents looking to buy their first home or re-enter the property market with a deposit of as little as 2%, you can learn more about it by visiting their website. You can also message them via the CommBank app or call them on 13 2224 to gather more information. Their lines are open during these times:
Call about a new home loan: 8 am – 8 pm, 7 days
Enquire about your current home loan:
8 am – 7 pm, Monday – Friday
9 am – 2 pm, Saturday
Kind regards,
Richard
Hi,
I am just wanting to know if Commonwealth allow a split family pledge? I have found a property I wish to buy and my parents and my parents in law would like to share the guarantee against the property, rather than putting the full amount up on their own. Is this possible? I have no other loans or credit cards, stable employment and a good credit history.
Thanks
Hi Violet,
thanks for the question.
This will be decided on a case-by-case basis, so you might wish to contact CBA directly to find out if this would be something you would be able to do.
I hope this helps,
Marc.