Home Loan Comparison Table
Back to
Home Loan Products
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Standard Variable Rate Home /
Investment Home Loans |
No Fee Variable Rate Home/Investment Home Loan |
Fixed Rate Home / Investment Home Loans |
Rate Saver Home / Investment Home
Loans |
Line of Credit |
Equity Unlock Loan for Seniors |
| Key Features |
Standard Variable Rate |
12 Month Discounted |
1 Year Guaranteed |
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1,2,3,4,5,7,10 & 15 Year Fixed
Rate |
Base Variable Rate |
3 Year Special Rate Saver |
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Top Up |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
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| Portability |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
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| Split
Loan |
Yes |
Yes∞ |
Yes∞ |
No |
Yes |
Yes** |
Yes** |
No |
No |
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| Mortgage Advantage package |
Yes |
Yes |
Yes |
No |
Yes |
No |
No |
Yes |
No |
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Interest offset (MISA) |
100% |
100% |
100% |
No |
Partial* |
No |
No |
N/A |
N/A |
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| Special Repayments |
Yes |
Yes |
Yes |
Yes |
Max 10,000 pa# |
Yes |
Yes |
Yes |
Yes |
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Repayment Redraw |
Min
$500^ |
Min
$500^ |
Min
$500^ |
Min
$500^^ |
No |
Min
$500^ |
Min
$500^ |
Yes+ |
Yes*** |
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| Repayment holiday |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
N/A |
No contracted minimum repayment |
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Repayment frequency |
Weekly,
fortnightly or monthly |
Weekly,
fortnightly or monthly |
Weekly,
fortnightly or monthly |
Weekly,
fortnightly or monthly |
Weekly,
fortnightly or monthly |
Weekly,
fortnightly or monthly |
Weekly,
fortnightly or monthly |
YesΦ |
No
contracted minimum repayment |
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| Principle and Interest |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
N/A |
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| Interest
Only |
Yes |
Yes |
Yes |
Yes |
Yes |
Yesº |
Yesº |
Yes |
N/A |
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| Interest in Advance |
No |
No |
No |
No |
Yes≠ |
No |
No |
No |
No |
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| Loan
Amount and Application Options |
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| Minimum amount |
$10,000 |
$10,000 |
$10,000 |
$150,000 |
$10,000 |
$10,000 |
$10,000 |
$20,000 |
$20,000 |
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| LVR
Maximum - no LMI |
80% |
80% |
80% |
80% |
80% |
80% |
80% |
80% |
Depends
on age |
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| LVR Maximum - with LMI |
97% |
97% |
97% |
97% |
97% |
97% |
97% |
92% |
No |
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| LVR Maximum - Low Doc
no LMI |
60% |
No |
No |
No |
60% |
60% |
No |
60% |
No |
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| LVR Maximum - Low Doc with LMI |
82% |
No |
No |
No |
82% |
82% |
No |
82% |
No |
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| Deposit
Guarantee |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
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| Guarantor Support |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
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| Property
Share |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
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| Loan Purposes |
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| Bridging |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
No |
No |
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| Building/Construction |
Yes |
No |
No |
No |
No |
Yes |
Yes |
No |
No |
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| Business |
No |
No |
No |
No |
No |
No |
No |
No |
No |
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| Home Seeker |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
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Land |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
No |
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| Off the Plan Purchase |
Yes |
Yes |
No |
Yes |
No |
Yes |
Yes |
No |
No |
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| Owner occupied
/ investment housing |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
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| Personal |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
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| Personal
Investment |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
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∞ Both a 1 Year Guaranteed Rate and 12 Month Discounted
Variable Rate as part of a split loan is not allowed.
* MISA not available on No Fee Variable Rate Home
Loan/Investment Home Loan, Interest in Advance Fixed Rate Investment Home
Loan.
** Base Variable Rate / 3 Year Special Rate Saver can only be
split into Multiple Base Variable Rates (Economiser/Rate Saver).
***Borrower/s can make withdrawals at any time provided the
withdrawal does not take the debit balance beyond the approval limit.
# Additional repayments up to $10,000 per year, excludes
Interest in Advance Fixed Rate Investment Home Loan. If your customer decides
to switch or prepay your loan early, either partially or in full,they will need
to pay an Administrative Fee and may also need to pay an Early Repayment
Adjustment. See "HL 11" in the terms and conditions and the Early Repayment
Adjustment (ERA) Fact Sheet for more details.
^ Minimum $500 electronically, Rate Saver incurs a $50 fee.
Redraw over the counter at a Commonwealth Bank branch has a minimum redraw of
$2000 (with a $50 fee) for Rate Saver and $1000 (with a $5 fee for other
loans).
^^ Minimum $1000 over the counter at any Commonwealth Bank
Branch or minimum $500 via NetBank. Both with a $0 redraw fee (ATM & EFTPOS
access not available).
+ For any amount subject to available credit and daily card
limits.
Φ As long as monthly interest, fees and charges are met,
customer chooses when they repay.
º Repayment Redraw not available for the term of the loan.
≠ Only on Investment Home Loans
Note: Maximum LVR listed are a guide only. Maximum LVR
may vary depending on other factors such as loan type, loan purpose, security
type and product type and is subject to Commonwealth Bank Credit Policy, which
can change at anytime without notice. Click here for credit policy.
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