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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Why there are loans with no deposit. It’s take a few yrs to save and the property prices keeps going up.
Hi Bhama,
Thanks for your question.
Since the GFC, the lending criteria for home loans have become stricter.
No deposit home loans can be available if you have a guarantor. There are also low deposit home loans available.
Cheers,
Shirley
Hi…….we have a home loan of 251,000 and last year we fixed it for 5 years but due to unforeseen circumstances we are forced to sell it. This means we will have to break our fixed rate 4 years early. roughly how much will this cost us (i know its going to be so so much). Also are big banks willing to negotiate or are the rules set in stone?
Hi Carla,
Thanks for your question.
The break costs and rules for a home loan is determined on a case by case basis. Please contact your home loan consultant or the customer service team at Commonwealth Bank to enquire about this.
Cheers,
Shirley
how long to approve first home loan , I have 100k deposit
Hi Steve,
Thanks for your comment.
It is possible for CBA to provide a decision on your loan within an hour if you provide enough information. It also depends on a number of factors like if you’ve already found a property that you’d like to buy.
Hope this helps,
Shirley