Commonwealth Bank home loans

The Commonwealth Bank has home loans for owner-occupiers and investors, and package loan options. Rates start from 5.89%.

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The Commonwealth Bank is the biggest of Australia's Big Four Banks. Check out the full table of Commonwealth Bank products below or read more about the lender and its loans.

Compare Commonwealth Bank home loans for December 2024

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

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Commonwealth Bank logo
Best Rated Brand
Principal & Interest 3Y Fixed5% min. depositOwner-occupier
Commonwealth Bank logo
Best Rated BrandPrincipal & Interest 3Y Fixed5% min. depositOwner-occupier
Product NameCommonwealth Bank Wealth Package Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.7.80%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
7.80%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$890
Contact Broker
Commonwealth Bank logo
Principal & Interest30% min. depositOwner-occupier
Commonwealth Bank logo
Principal & Interest30% min. depositOwner-occupier
Product NameCommonwealth Bank Extra Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.49%
Comp. Rate p.a.6.50%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.49%
Comparison Rate
6.50%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$948
Contact Broker
Commonwealth Bank logo
Principal & Interest 3Y Fixed10% min. depositInvestment
Commonwealth Bank logo
Principal & Interest 3Y Fixed10% min. depositInvestment
Product NameCommonwealth Bank Wealth Package Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.8.25%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
8.25%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$909
Contact Broker
Commonwealth Bank logo
Principal & Interest20% min. depositOwner-occupier
Commonwealth Bank logo
Principal & Interest20% min. depositOwner-occupier
Product NameCommonwealth Bank Extra Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.59%
Comp. Rate p.a.6.60%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.59%
Comparison Rate
6.60%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$958
Contact Broker
Commonwealth Bank logo
Interest only 1Y Fixed10% min. depositInvestment
Commonwealth Bank logo
Interest only 1Y Fixed10% min. depositInvestment
Product NameCommonwealth Bank Wealth Package Fixed Home Loan
Interest Rate Type
Repayment Type Interest Only
Interest Rate p.a.6.64%
Comp. Rate p.a.8.80%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.64%
Comparison Rate
8.80%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$963
Contact Broker
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Showing 5 of 15 results

CommBank key facts

  • The Commonwealth Bank is one of Australia's biggest lenders and has a very large range of home loan products, including package home loans with lots of extra features and simpler loans with just the basics.
  • The lender has a nationwide network of physical branches plus phone support and an app to manage repayments, spending and saving.
  • Beyond mortgages, Commonwealth Bank also offers savings accounts, transaction accounts and term deposits.

What do Australians think of CommBank home loans?

Owner Occupier home loans

  • 4.13/5 overall for Customer Satisfaction — higher than the average of 3.98
  • 4.45/5 for Trust — higher than the average of 4.36
  • 4.18/5 for Customer Service — higher than the average of 3.97

Investor home loans

  • 4.2/5 overall for Customer Satisfaction - higher than the average of 3.97, and this was the highest score in the category
  • 4.58/5 for Trust — higher than the average of 4.42
  • 4.2/5 for Customer Service — higher than the average of 3.95, and this was the highest score in the category

Based on CommBank home loans scores in Finder's 2024 Customer Satisfaction Awards.

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, including some very competitive rates. But many rates require larger deposits, so look carefully at each loan's LVR.
Offset account?Some Commonwealth Bank loans come with 100% offset accounts, but not all of them do so check carefully before applying.
Repayment optionsThe Commonwealth Bank'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 BenefitsCommBank's package home loans offer discounted mortgage rates and fee waivers on the loan and a credit card.
Graham Cooke's headshot
Our expert says

"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."

Head of consumer research

How do I apply for a Commonwealth Bank mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

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 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:

📄 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. If you bank with CommBank already, you may be able to prove your income digitally.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like the Commonwealth Bank

If you're interested in Australia's biggest banks, you can also compare loans from CommBank's Big Four rivals.

More home loan questions

Compare other home loan options

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameANZ Plus Home Loan Variable Rate
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.10%
Minimum Loan Amount$10,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.10%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$909
$2,000 cashback
Borrowers refinancing $250k or more to ANZ Plus before 31st March 2025 could get a cashback of $2,000. Excl. refinancers from ANZ or Suncorp. Other terms and conditions apply.
Unloan logo
Principal & Interest20% min. depositOwner-occupier
Unloan logo
Principal & Interest20% min. depositOwner-occupier
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Product NameUnloan Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.5.90%
Minimum Loan Amount$10,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
5.90%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
Go to site
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
Go to site
Product Nameloans.com.au Solar Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.51%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.51%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
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IMB logo
Principal & Interest20% min. depositOwner-occupier
IMB logo
Principal & Interest20% min. depositOwner-occupier
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Product NameIMB Budget Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.07%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.07%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$905
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Up to $4K cashback
Eligible borrowers can get up to $4,000 cashback when buying or refinancing with IMB. Loan value criteria applies. Other terms and conditions also apply.
Greater Bank logo
Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only
Greater Bank logo
Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only
Product NameGreater Bank Great Rate Discount Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 110%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
Up to $2,500 cashback
Eligible refinancers can get up to $2,500 cashback depending on loan value. Full terms and conditions apply.
Mortgage House logo
Principal & Interest40% min. depositOwner-occupier
Mortgage House logo
Principal & Interest40% min. depositOwner-occupier
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Product NameMortgage House Executive Saver Low Rate Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.5.93%
Minimum Loan Amount$150,000
Maximum Loan Amount $850,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
5.93%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$890
Go to site
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Showing 6 of 6 results

Compare other products from Commonwealth Bank

What is Finder Score?

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.

Read the full Finder Score breakdown

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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

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Richard has written 560 Finder guides across topics including:
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26 Responses

    Default Gravatar
    SYEDFebruary 17, 2023

    I CURRENTLY HAVE A PRINCIPAL AND INTEREST LOAN OF 400,000, CAN I REFINANCE WITH COMMONWEALTH BANK TO INTEREST ONLY

      AvatarFinder
      RichardFebruary 20, 2023Finder

      Hi Syed,

      I suggest reaching out to the Commonwealth Bank directly if you want to refinance with this bank.

      All the best,
      Richard

    Default Gravatar
    BevansOctober 27, 2022

    Hi my daughter (42) has a home loan with Westpac. Loan 300K over 30 yr. Current rate 5.5% variable. Has had issues with credit rating. If my wife an I act as guarantor $3m in assets would it help her lower the rate

    %

      AvatarFinder
      RebeccaNovember 11, 2022Finder

      Hi Bevans,

      Having a guarantor may be able to help your daughter secure a lower rate from some lenders. She can compare home loans with guarantor options here.

      Consulting a mortgage broker is also advisable to help her find the right finance option.

      All the best,
      Rebecca

    Default Gravatar
    KenJuly 26, 2022

    How many NEW residential home mortgages are REGISTERED per annum per each of the four big banks, in particular the CBA?

    How many residential home mortgages are DISCHARGED per annum per each of the four big banks, in particular the CBA?

      AvatarFinder
      RichardJuly 30, 2022Finder

      Hello Ken,

      Sorry, we don’t have that data available.

      All the best,
      Richard

    Default Gravatar
    LizJune 7, 2022

    Im unable to find any information on Commbank about 2% single parent home loan? Can you provide information please or how I can make arrange a call? Do I just speak to Commbank loan expert?

      AvatarFinder
      RichardJune 14, 2022Finder

      Hi Liz,

      If you’re referring to CommBank’s new Family Home Guarantee where single parents looking to buy their first home or re-enter the property market with a deposit of as little as 2%, you can learn more about it by visiting their website. You can also message them via the CommBank app or call them on 13 2224 to gather more information. Their lines are open during these times:

      Call about a new home loan: 8 am – 8 pm, 7 days

      Enquire about your current home loan:

      8 am – 7 pm, Monday – Friday
      9 am – 2 pm, Saturday

      Kind regards,
      Richard

    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

      AvatarFinder
      MarcOctober 6, 2015Finder

      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.

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