Commonwealth Bank Home Loans

The Commonwealth Bank is one of the biggest lenders in Australia and offers a range of competitive home loan products.

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 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".

Rates last updated February 18th, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.79%
5.07%
$0
$395 p.a.
95%
Get discounts on a range of Commonwealth Bank products and enjoy the option of fee-free extra repayments during the fixed term. $2,000 cashback offer for eligible refinancers.
3.99%
5.56%
$0
$395 p.a.
90%
Get 5-15% discounts on insurance products with this package loan from CommBank. Available with a 10% deposit.
3.79%
3.80%
$0
$0 p.a.
70%
A competitive, discounted variable interest rate for investors.

Compare up to 4 providers

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.

FeatureDetails
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.
RedrawThere is a redraw facility on the Extra Home Loan but not on the 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?

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.

Eligibility

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

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UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

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18 Responses

  1. Default Gravatar
    VioletOctober 1, 2015

    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

    • finder 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,
      Marc.

  2. 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?

    • finder Customer Care
      BelindaAugust 25, 2015Staff

      Hi Caroline,

      Thanks for your enquiry.

      On this page you can read about home loans for pensioners and you can enquire with a mortgage broker 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.

      Thanks,
      Belinda

  3. 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

    • finder Customer Care
      ShirleyFebruary 6, 2015Staff

      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

  4. 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

    • finder 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,
      Marc.

  5. 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.

    • finder 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.

      Cheers,
      Shirley

  6. Default Gravatar
    GabrielleAugust 16, 2014

    Do banks charge the application fee if you are changing banks for a better rate?
    Thanks

    • finder Customer Care
      MarcAugust 18, 2014Staff

      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 fee discounts, cashbacks or even lower rates.

      Another good technique to try is to ask your existing lender if they can lower your rate. You 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 which offer cashbacks, which you can compare here.

      I hope this helps,
      Marc.

  7. Default Gravatar
    BhamaJuly 10, 2014

    Why there are loans with no deposit. It’s take a few yrs to save and the property prices keeps going up.

    • finder Customer Care
      ShirleyJuly 11, 2014Staff

      Hi Bhama,

      Thanks for your question.

      Since the GFC, the lending criteria for home loans has become stricter.

      No deposit home loans can be available if you have a guarantor. There are also low deposit home loans available.

      Cheers,
      Shirley

  8. Default Gravatar
    carlaJune 8, 2014

    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?

    • finder Customer Care
      ShirleyJune 10, 2014Staff

      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

  9. Default Gravatar
    steveOctober 30, 2013

    how long to approve first home loan , I have 100k deposit

    • finder Customer Care
      ShirleyOctober 30, 2013Staff

      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

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