Commonwealth Bank Home Loans

Compare Commonwealth Bank home loan rates for June 2021.

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Commonwealth Bank

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On this page you can find information about Commonwealth Bank home loans. Skip ahead to the full table of products or read more about the lender.

Compare Commonwealth Bank home loans

Compare Commonwealth Bank home loan products in the table below. You can also find more information on each individual product by clicking "more info".

Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Commonwealth Bank Wealth Package Fixed Home Loan
3.93% p.a.
$395 p.a.
A competitive fixed rate package loan for home buyers. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
Commonwealth Bank Wealth Package Fixed Home Loan
4.31% p.a.
$395 p.a.
Investors can fix their loan rate for 3 years. Available with a 10% deposit. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
Commonwealth Bank Wealth Package Fixed Home Loan
3.85% p.a.
$395 p.a.
Lock in a discounted rate for 3 years and have the option for interest only repayments. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.

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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 52,000 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 sizeYou can borrow up to 95 % with some Commonwealth Bank mortgages.
Split rateMost Commonwealth Bank mortgages allow you to split your loan into fixed and variable portions.
Interest onlyMany CBA mortgages have interest only rates for investors and owner occupiers, including the Extra Home Loan and Fixed Rate Wealth Package.
Package BenefitsThe Fixed Rate Wealth Package offers special interest rates and discounts on selected credit cards.

How do I apply for a Commonwealth Bank mortgage?

You can apply for a Commonwealth Bank home loan through the bank's website, via a branch or through a qualified mortgage broker whose lending panel includes the Commonwealth Bank and 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.

Documents required

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).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

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18 Responses

    Default Gravatar
    VioletOctober 1, 2015

    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.

      Avatarfinder Customer Care
      MarcOctober 6, 2015Staff

      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,

    Default Gravatar
    CarolineAugust 24, 2015

    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?

      Default Gravatar
      BelindaAugust 25, 2015

      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.


    Default Gravatar
    JimFebruary 6, 2015

    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

      Avatarfinder Customer Care
      ShirleyFebruary 6, 2015Staff

      Hi Jim,

      Thanks for your question.

      Please note that 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,

    Default Gravatar
    PaulJanuary 5, 2015

    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

      Avatarfinder Customer Care
      MarcJanuary 5, 2015Staff

      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,

    Default Gravatar
    elizabethAugust 31, 2014

    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.

      Avatarfinder Customer Care
      ShirleySeptember 1, 2014Staff

      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.


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