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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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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Do lenders ever approve loans to people on disability pension, if they have 20% deposit and want to only borrow 60K, and have no other debts.The amounts to repay are very affordable, compared to the rent they currently are paying?
Hi Caroline,
Thanks for your enquiry.
You can read more about home loans for pensioners and you can enquire with a mortgage broker to discuss your needs. The broker will then be able to draw upon their panel of lenders to find one that’s likely to review your application.
Generally, a lender will review your application on a case-by-case basis but they will take into account your age, assets, and debts, as well as the amount of benefit you receive, to determine whether or not you can comfortably service the loan.
You may be required to provide evidence of funds to complete the deposit, bank statements showing your pension being deposited into your bank account (normally 6 months), and a letter from Centrelink confirming the status of your pension.
I hope this helps.
Thanks,
Belinda
I am considering purchasing a hobby farm of approx.240 ha $600000.My wife and I earn Gross $180k between us we are perm. teachers of 7-10 years.We currently have a wealth package loan for our home o/s debt $135k value of property $550k.We do not intend to run the farm as a commercial venture,we would lease the house on farm against a portion of the farm to run stock on and run 40 cattle as a hobby for ourselves. J Connors
Hi Jim,
Thanks for your question.
Please note that finder.com.au is an online comparison service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with the Commonwealth Bank directly.
Hope this helps,
Shirley
How much deposit would you need to buy a rental/investment property?
I earn 160k before tax so I could easily top up payments (by up to $800pw), just don’t have much saved yet
Hi Paul,
thanks for the question.
You will usually need a deposit of at least 5 – 20% of the purchase price of the property. Keep in mind that this will depend on the lender and the specific loan, and also note that borrowing with a deposit of less than 20% will come with Lender’s Mortgage Insurance costs, which is a fee charged to you to cover the risk of having a smaller deposit.
I hope this helps,
Marc.
searching for table showing 3 year, interest only,( variable) investment home loan rates, over 200K. What do I google to find this exact request? thank you.
Hi Elizabeth,
Thanks for your question.
I actually did some digging on the actual CommBank website, I’ve emailed you the link to their Rates & Fees PDF for home loans.
Cheers,
Shirley
Do banks charge the application fee if you are changing banks for a better rate?
Thanks
Hi Gabrielle,
Thanks for the question.
In many cases, banks will still charge an application fee if you’re refinancing. This doesn’t mean you have to pay it though. Often, if you simply negotiate with your new lender, they’ll be eager to get your business by offering free discounts, cashback, or even lower rates.
Another good technique to try is to ask your existing lender if they can lower your rate. Your lender will want to keep your business and so might drop rates to keep you from leaving, meaning you don’t have to go through the effort of finding a new loan and paying upfront fees.
Also, keep in mind that there are quite a few home loans that offer cashback, which you can compare.
I hope this helps,
Marc