Commonwealth Bank Home Loans
What home loans does CommBank offer?
If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from CommBank that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.
*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning
CommBank home loan features
Depending on the option you choose, a CommBank home loan may include:
- Redraw facility
- Offset facility (available on some loans)
- Split loan facility allowing you to take out a loan that’s part variable rate and part fixed rate
- Ability to make additional repayments
- Repayment holiday available for up to 12 months
- Interest only repayments option (on selected loans)
- Top up feature
- Multiple repayments frequency options: weekly, fortnightly, or monthly.
The inclusions above represent a selection of the features available with CommBank home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with CommBank and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.
CommBank home loans FAQs
Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs (please note that Canstar does not currently compare La Trobe Financial home loan products).
If you decide to apply for a CommBank home loan, you can do this by completing an online application through the CommBank website. After submitting it, CommBank says you will receive a phone call from a home loan specialist who will assist you with the rest of the process.
You can also apply by requesting an appointment with one of CommBank’s mobile lenders, by calling CommBank or by visiting a CommBank branch.
At the time of writing, CommBank says it allows unlimited extra repayments on its variable interest home loans. Additional payments of up to $10,000 are allowed on fixed rate home loans per year. If a customer exceeds this limit, additional charges such as an early repayment adjustment and administration fees may apply.
Terms and conditions apply. Contact CommBank or visit the CommBank website for details.
CommBank offers unlimited redraw facilities on its variable rate home loans. This gives you access to any additional repayments that you have made above your minimum repayment requirements.
There is no redraw available for fixed rate home loans.
Fees and charges may apply to customers who use CommBank’s redraw facility. Contact CommBank or visit the CommBank website for more details.
The Commonwealth Bank of Australia (CBA) was founded in 1911 as the government bank for Australia under the Commonwealth Bank Act in 1911. According to its website, CommBank currently has more than 800,000 shareholders and 52,000 people working in the Commonwealth Bank Group.