The Commonwealth Bank is one of the biggest lenders in Australia and offers a range of competitive home loan products.
Commonwealth Bank's lowest rate for...
- Home buyers. The Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed (Owner Occupier) P&I has a 3.79% p.a. interest rate and lets you borrow up to 95%.
- Investors. The Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed (Investor) P&I has a 3.99% p.a. interest rate and lets you borrow up to 90%.
Compare Commonwealth Bank home loans
Compare Commonwealth Bank home loan products below and hit "load more" to see a fuller selection of loans. "Enquire now" will open up a form where you can leave your details and get in touch with a mortgage broker, who can help you get more information about this loan and compare other, similar products. You can also find more information on each individual product by clicking "more info".
Commonwealth Bank lender profile
- The Commonwealth Bank was founded by the Australian Government in 1911. Today it has more than 800,000 shareholders and employs 51,000 staff.
- The bank offers the full spectrum of financial services, including a wide range of home loans.
- It is one of the largest banks in Australia, with branches across the country and a robust online banking platform, including an app.
Commonwealth Bank mortgage features
The Commonwealth Bank 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.
|Deposit size||You can borrow up to 95 % with some Commonwealth Bank mortgages.|
|Split rate||Most Commonwealth Bank mortgages allow you to split your loan into fixed and variable portions.|
|Interest only||Many CBA mortgages have interest only rates for investors and owner occupiers, including the Extra Home Loan and Fixed Rate Wealth Package.|
|Redraw||There is a redraw facility on the Extra Home Loan but not on the Fixed Rate Wealth Package.|
|Package Benefits||The Fixed Rate Wealth Package offers special interest rates and discounts on selected credit cards.|
How do I apply for a Commonwealth Bank mortgage?
Clicking "Enquire now" on the Commonwealth Bank comparison table lets you get in touch with a qualified mortgage broker whose lending panel includes the Commonwealth Bank and many other lenders. They can offer you free advice and guidance on the product you're interested in.
Each Commonwealth Bank product has specific eligibility criteria but some will apply to all products. For example:
- Age. You must be over 18 years of age.
- Residency. You should be a resident of Australia.
- Employment. You should have a regular source of income.
When you apply for a mortgage with the Commonwealth Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
- Identification documents. You will need identification such as a driver's license, 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).