Home Loan Interest Rates - CommBank
Home Loan Interest Rates
Owner Occupied
Effective as at 23 August 2024
Variable Rate Product Types
Standard Variable Rate (Complete)
Repayment Type
Principal and Interest
Interest Only
Reference Rate Name
Standard Variable Rate
Standard Variable Interest Only Rate
Reference Rate p.a.
8.80%
9.29%
With Package LVR tier ^*
Annual percentage
rate p.a.
Comparison rate p.a.
Annual percentage
rate p.a.
Comparison rate p.a.
LVR 60% or below
6.34%
6.72%
6.83%
6.90%
LVR 60.01% to 70%
6.39%
6.77%
6.88%
6.95%
LVR 70.01% to 80%
6.49%
6.87%
6.98%
7.05%
LVR 80.01% to 90%
6.79%
7.16%
-
-
LVR 90.01% to 95%
7.74%
8.10%
-
-
Without Package
8.80%
8.94%
9.29%
9.17%
Extra Home Loan
Repayment Type
Principal and Interest
Interest Only
Reference Rate Name
Extra Variable Rate
Extra Variable Interest Only Rate
Reference Rate p.a.
8.03%
8.59%
LVR tier
Annual percentage
rate p.a.*
Comparison rate p.a.
Annual percentage
rate p.a.*
Comparison rate p.a.
LVR 60% or below
6.44%
6.45%
7.00%
6.70%
LVR 60.01% to 70%
6.49%
6.50%
7.05%
6.75%
LVR 70.01% to 80%
6.59%
6.60%
7.15%
6.85%
LVR 80.01% to 90%
6.89%
6.90%
-
-
LVR 90.01% to 95%
7.84%
7.86%
-
-
Digi Home Loan
Available only for customers applying online via NetBank or the CommBank app.
Repayment Type
Principal and Interest
Interest Only
Reference Rate Name
Digi Variable Rate
Digi Variable Interest Only Rate
Reference Rate p.a.
8.80%
9.29%
LVR tier
Annual percentage
rate p.a.*
Comparison rate p.a.
Annual percentage
rate p.a.*
Comparison rate p.a.
LVR 60% or below
6.15%
6.28%
6.64%
6.48%
LVR 60.01% to 70%
6.17%
6.30%
6.66%
6.50%
LVR 70.01% to 80%
6.19%
6.32%
6.68%
6.52%
LVR 80.01% to 90%
-
-
-
-
LVR 90.01% to 95%
-
-
-
-
^ To be eligible for a package you must have an initial total home lending balance of $150,000 (the sum of the account balance of eligible home lending and line
of credit accounts) and pay an annual package fee of $395. Package rates shown are based on a discount of 0.70% p.a. on the Standard Variable Rate and a
discount of 0.15% p.a. on Fixed Rates in a package. Please refer to the Wealth Package/Mortgage Advantage Fact Sheet for full details.
* The associated rate includes a margin below or above the applicable reference rate that applies for new lending only.
Rates are subject to change. Fees and charges are payable. Applications are subject to credit approval. Full terms and conditions will be included in our loan offer.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945
Page 1 of 4
002-842 230824
Home Loan Interest Rates ¨C Owner Occupied
Effective as at 23 August 2024
Fixed Rate Product Types
Fixed Rate (Complete)
With Package^*
Fixed Rate
Period
1 Year
2 Year
3 Year
4 Year
5 Year
Without Package/Reference Rate
Repayment Type
Reference Rate Name
Annual
percentage
rate p.a.
Comparison
rate p.a.
Annual
percentage
rate p.a.
Comparison
rate p.a.
Principal and Interest
1 Year Fixed Rate
6.39%
8.27%
6.54%
8.68%
Interest Only
1 Year Fixed Interest Only Rate
6.59%
8.29%
6.74%
8.71%
Principal and Interest
2 Year Fixed Rate
6.29%
8.08%
6.44%
8.43%
Interest Only
2 Year Fixed Interest Only Rate
6.49%
8.11%
6.64%
8.48%
Principal and Interest
3 Year Fixed Rate
5.89%
7.80%
6.04%
8.10%
Interest Only
3 Year Fixed Interest Only Rate
6.19%
7.88%
6.34%
8.20%
Principal and Interest
4 Year Fixed Rate
6.29%
7.77%
6.44%
8.03%
Interest Only
4 Year Fixed Interest Only Rate
6.49%
7.84%
6.64%
8.12%
Principal and Interest
5 Year Fixed Rate
6.69%
7.82%
6.84%
8.04%
Interest Only
5 Year Fixed Interest Only Rate
6.79%
7.85%
6.94%
8.10%
Other Loan Product Types
CommBank Green Loan
Available for customers with an eligible CommBank home loan or investment home loan to buy and install eligible clean energy products at their
secured property. Available only via staff assisted channels excluding broker channels.
Reference Rate Name
Annual percentage rate (fixed) p.a.
Comparison rate p.a.
CommBank Green Home Loan
3.99%
3.99%
^ To be eligible for a package you must have an initial total home lending balance of $150,000 (the sum of the account balance of eligible home lending and line of credit accounts) and pay
an annual package fee of $395. Package rates shown are based on a discount of 0.70% p.a. on the Standard Variable Rate and a discount of 0.15% p.a. on Fixed Rates in a package.
Please refer to the Wealth Package/Mortgage Advantage Fact Sheet for full details.
* The associated rate includes a margin below or above the applicable reference rate that applies for new lending only.
Rates are subject to change. Fees and charges are payable. Applications are subject to credit approval. Full terms and conditions will be included in our loan offer.
Rates for home loan products and facilities no longer offered for sale are at
.au/home-loans/quarantined-products
We're here to help
If you have any questions or want more information:
Book an appointment with a Home Lending Specialist at
.au/appointment or contact your Broker.
Call us on 13 2224
Visit .au/homeloans
Things you need to know
Loan to value ratio (LVR) is the total amount you have borrowed for your loan as a percentage of your property value.
Interest Only period switches and extensions can be requested in both years and/or months via selected processes. The reference rate applicable for an Interest Only
period applied in years and/or months will be the same as the Interest Only reference rate applicable to your loan type. Talk to your lender for more information.
Comparison rate for CommBank Green Loan calculated on a $30,000 secured loan over a 5 year term. Comparison rate for all other loan types calculated on a
$150,000 secured loan over a 25 year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms,
fees or other loan amounts might result in a different comparison rate. Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only
period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period,
your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945
Page 2 of 4
002-842 230824
Home Loan Interest Rates
Investment
Effective as at 23 August 2024
Variable Rate Product Types
Standard Variable Rate (Complete)
Repayment Type
Principal and Interest
Interest Only
Reference Rate Name
Investment Home Loan Standard Variable Rate
Investment Home Loan Standard Variable
Interest Only Rate
Reference Rate p.a.
9.38%
9.64%
With Package LVR tier ^*
Annual percentage
rate p.a.
Comparison rate p.a.
Annual percentage
rate p.a.
Comparison rate p.a.
LVR 60% or below
6.54%
6.92%
6.80%
7.00%
LVR 60.01% to 70%
6.59%
6.97%
6.85%
7.05%
LVR 70.01% to 80%
6.69%
7.06%
6.95%
7.15%
LVR 80.01% to 90%
7.04%
7.41%
7.30%
7.50%
LVR 90.01% to 95%
7.84%
8.20%
-
-
Without Package
9.38%
9.52%
9.64%
9.64%
Extra Home Loan
Repayment Type
Principal and Interest
Interest Only
Reference Rate Name
Investment Home Loan Extra Variable Rate
Investment Home Loan Extra Variable
Interest Only Rate
Reference Rate p.a.
8.38%
8.94%
LVR tier
Annual percentage
rate p.a.*
Comparison rate p.a.
Annual percentage
rate p.a.*
Comparison rate p.a.
LVR 60% or below
6.64%
6.65%
7.20%
6.90%
LVR 60.01% to 70%
6.69%
6.70%
7.25%
6.95%
LVR 70.01% to 80%
6.79%
6.80%
7.35%
7.05%
LVR 80.01% to 90%
7.29%
7.31%
7.85%
7.55%
LVR 90.01% to 95%
7.94%
7.96%
-
-
Digi Home Loan
Available only for customers applying online via NetBank or the CommBank app.
Repayment Type
Principal and Interest
Interest Only
Reference Rate Name
Investment Home Loan Digi Variable Rate
Investment Home Loan Digi Variable Interest Only Rate
Reference Rate p.a.
9.38%
9.64%
LVR tier
Annual percentage
rate p.a.*
Comparison rate p.a.
Annual percentage
rate p.a.*
Comparison rate p.a.
LVR 60% or below
6.34%
6.47%
6.60%
6.57%
LVR 60.01% to 70%
6.36%
6.49%
6.62%
6.59%
LVR 70.01% to 80%
6.46%
6.59%
6.72%
6.69%
LVR 80.01% to 90%
-
-
-
-
LVR 90.01% to 80%
-
-
-
-
^ To be eligible for a package you must have an initial total home lending balance of $150,000 (the sum of the account balance of eligible home lending and line
of credit accounts) and pay an annual package fee of $395. Package rates shown are based on a discount of 0.70% p.a. on the Standard Variable Rate and a
discount of 0.15% p.a. on Fixed Rates in a package. Please refer to the Wealth Package/Mortgage Advantage Fact Sheet for full details.
* The associated rate includes a margin below or above the applicable reference rate that applies for new lending only.
Rates are subject to change. Fees and charges are payable. Applications are subject to credit approval. Full terms and conditions will be included in our loan offer.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945
Page 3 of 4
002-842 230824
Home Loan Interest Rates ¨C Investment
Effective as at 23 August 2024
Fixed Rate Product Types
Fixed Rate (Complete)
With Package^*
Fixed Rate
Period
Repayment Type
Reference Rate Name
Principal and Interest
Without Package/Reference Rate
Annual
percentage
rate p.a.
Comparison
rate p.a.
Annual
percentage
rate p.a.
Comparison
rate p.a.
Investment Home Loan
1 Year Fixed Rate
6.59%
8.79%
6.74%
9.21%
Interest Only
Investment Home Loan
1 Year Fixed Interest Only Rate
6.64%
8.80%
6.79%
9.22%
Principal and Interest
Investment Home Loan
2 Year Fixed Rate
6.34%
8.53%
6.49%
8.89%
Interest Only
Investment Home Loan
2 Year Fixed Interest Only Rate
6.54%
8.57%
6.69%
8.94%
Principal and Interest
Investment Home Loan
3 Year Fixed Rate
6.09%
8.25%
6.24%
8.55%
Interest Only
Investment Home Loan
3 Year Fixed Interest Only Rate
6.24%
8.29%
6.39%
8.61%
Principal and Interest
Investment Home Loan
4 Year Fixed Rate
6.34%
8.13%
6.49%
8.39%
Interest Only
Investment Home Loan
4 Year Fixed Interest Only Rate
6.54%
8.21%
6.69%
8.49%
Principal and Interest
Investment Home Loan
5 Year Fixed Rate
6.79%
8.16%
6.94%
8.38%
Interest Only
Investment Home Loan
5 Year Fixed Interest Only Rate
6.89%
8.21%
7.04%
8.45%
1 Year
2 Year
3 Year
4 Year
5 Year
Other Loan Product Types
CommBank Green Loan
Available for customers with an eligible CommBank home loan or investment home loan to buy and install eligible clean energy products at their
secured property. Available only via staff assisted channels excluding broker channels.
Reference Rate Name
Annual percentage rate (fixed) p.a.
Comparison rate p.a.
CommBank Green Investment Home Loan
3.99%
3.99%
^ To be eligible for a package you must have an initial total home lending balance of $150,000 (the sum of the account balance of eligible home lending and line of credit accounts) and pay
an annual package fee of $395. Package rates shown are based on a discount of 0.70% p.a. on the Standard Variable Rate and a discount of 0.15% p.a. on Fixed Rates in a package.
Please refer to the Wealth Package/Mortgage Advantage Fact Sheet for full details.
* The associated rate includes a margin below or above the applicable reference rate that applies for new lending only.
Rates are subject to change. Fees and charges are payable. Applications are subject to credit approval. Full terms and conditions will be included in our loan offer.
Rates for home loan products and facilities no longer offered for sale are at
.au/home-loans/quarantined-products
We're here to help
If you have any questions or want more information:
Book an appointment with a Home Lending Specialist at
.au/appointment or contact your Broker.
Call us on 13 2224
Visit .au/homeloans
Things you need to know
Loan to value ratio (LVR) is the total amount you have borrowed for your loan as a percentage of your property value.
Interest Only period switches and extensions can be requested in both years and/or months via selected processes. The reference rate applicable for an Interest Only
period applied in years and/or months will be the same as the Interest Only reference rate applicable to your loan type. Talk to your lender for more information.
Comparison rate for CommBank Green Loan calculated on a $30,000 secured loan over a 5 year term. Comparison rate for all other loan types calculated on a
$150,000 secured loan over a 25 year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms,
fees or other loan amounts might result in a different comparison rate. Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only
period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period,
your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945
Page 4 of 4
002-842 230824
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