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Commonwealth Bank Home Loans

Compare Commonwealth Bank home loan rates for January 2021.

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".

Data indicated here is updated regularly
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years
Name Product Interest Rate (p.a.) Comp. Rate^ Application Fee Ongoing Fees Max LVR Monthly Payment
Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed Rate With Wealth Package (Owner Occupier, P&I, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.14%
3.97%
$0
$395 p.a.
95%
$566.11
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.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 3 Year Fixed Rate With Wealth Package (Investor, P&I, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.69%
4.38%
$0
$395 p.a.
90%
$608.71
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.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 3 Year Fixed Rate With Wealth Package (Owner Occupier, P&I, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.14%
3.83%
$0
$395 p.a.
95%
$566.11
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.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed Rate With Wealth Package (Investor, P&I, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.69%
4.52%
$0
$395 p.a.
90%
$608.71
Get 5-15% discounts on insurance products with this package loan from CommBank. 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.
More Info
Commonwealth Bank Extra Home Loan - Variable Rate LVR 70% (Owner Occupier, P&I)
Commonwealth Bank Extra Home Loan
2.69%
2.7%
$0
$0 p.a.
70%
$608.71
A competitive, discounted variable interest rate for home buyers. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Fixed Rate Home - 2 Year Fixed Rate (Owner Occupier, P&I)
Commonwealth Bank Fixed Rate Home
2.29%
4.29%
$600
$8 monthly ($96 p.a.)
95%
$577.55
Competitive fixed rate offer from a Big Four bank. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Fixed Rate Home - 3 Year Fixed Rate (Owner Occupier, P&I)
Commonwealth Bank Fixed Rate Home
2.29%
4.11%
$600
$8 monthly ($96 p.a.)
95%
$577.55
Lock in a competitive fixed rate for 3 years with one of the big 4 banks. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Extra Home Loan - Variable Rate LVR 70% (Investor, IO)
Commonwealth Bank Extra Home Loan
3.68%
3.34%
$0
$0 p.a.
70%
$689.78
A competitive, discounted variable interest rate for investors. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 3 Year Fixed Rate With Wealth Package (Investor, IO, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.89%
4.42%
$0
$395 p.a.
90%
$624.63
Get a fixed rate interest-only investment loan from one of Australia's largest banks. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed Rate With Wealth Package (Owner Occupier, IO, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
3.39%
4.17%
$0
$395 p.a.
95%
$665.46
A competitive 2 year interest-only rate for property investors. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 5 Year Fixed Rate With Wealth Package (Owner Occupier, P&I, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.99%
3.93%
$0
$395 p.a.
95%
$632.68
A competitive 5-year fixed rate with a range of repayment choices. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
Commonwealth Bank Wealth Package Fixed Home Loan - 1 Year Fixed Rate With Wealth Package (Investor, IO, $150k+)
Commonwealth Bank Wealth Package Fixed Home Loan
2.89%
4.68%
$0
$395 p.a.
90%
$624.63
Investors can fix their interest-only investment rate for 1 year. 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.
More Info
Commonwealth Bank Viridian Line of Credit - Variable
Commonwealth Bank Viridian Line of Credit
6.03%
0%
$600
$12 monthly ($144 p.a.)
80%
$903.12
A flexible line of credit with low minimum loan amount. Refinancers borrowing at least $250,000 can get $2,000 cashback on eligible home loans. Other terms, conditions and exclusions apply.
More Info
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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.

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.
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.

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

Looking for more mortgage options?

More guides on Finder

Home Loan Offers

Important Information*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

More info
Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up $4,000 cashback and borrow up to 90% of the property's value. (Terms, conditions & exclusions apply).

More info
Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

More info
Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)

Get a competitive variable interest rate with no application fee or ongoing fees.

More info

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18 Responses

    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

    Reply
      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,
      Marc.

      Reply
    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?

    Reply
      Default Gravatar
      BelindaAugust 25, 2015

      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

      Reply
    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

    Reply
      Avatarfinder 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

      Reply
    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

    Reply
      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,
      Marc.

      Reply
    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.

    Reply
      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.

      Cheers,
      Shirley

      Reply
    Default Gravatar
    GabrielleAugust 16, 2014

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

    Reply
      Avatarfinder 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.

      Reply
    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.

    Reply
      Avatarfinder 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

      Reply
    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?

    Reply
      Avatarfinder 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

      Reply
    Default Gravatar
    steveOctober 30, 2013

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

    Reply
      Avatarfinder 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

      Reply
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