Commonwealth Bank of Australia
Online Access
Forgotten your
password?

Interest Rates and Fees

Home Loan Interest Rates - Owner Occupied


Home Loan Interest Rates

Back to Interest Rates and Fees

 

Owner Occupied Home Loans - Principal and Interest 

Product Interest Rate Comparison Rate MAV Package Rates p.a. ** MAV Package Comparison Rates p.a. ** Effective Date
Extra Home Loan (life of loan discount) ≤ 70% LVR1  2.69% p.a.*  2.70% p.a.  ~  ~  25 September 2020
Extra Home Loan (life of loan discount) > 70% to 80% LVR1  2.69% p.a.*  2.70% p.a.  ~  ~  25 September 2020
Extra Home Loan (life of loan discount) > 80% LVR1  3.13% p.a.*  3.14% p.a.      07 April 2020
Standard Variable Rate  4.55% p.a.  4.70% p.a.  3.85% p.a.  4.27% p.a.  24 March 2020
1 Year Fixed Rate  2.34% p.a.  4.49% p.a.  2.19% p.a.  4.12% p.a.  11 November 2020
2 Year Fixed Rate  2.29% p.a.  4.29% p.a.  2.14% p.a.  3.97% p.a.  11 November 2020
3 Year Fixed Rate  2.29% p.a.  4.11% p.a.  2.14% p.a.  3.83% p.a.  11 November 2020
4 Year Fixed Rate  2.14% p.a.  3.89% p.a.  1.99% p.a.  3.66% p.a.  11 November 2020
5 Year Fixed Rate  3.14% p.a.  4.12% p.a.  2.99% p.a.  3.93% p.a.  30 March 2020
Viridian Line of Credit Residential Equity Rate  6.03% p.a.  ~  5.33% p.a.  ~  24 March 2020
All Viridian Line of Credit Excess Drawing Rate, Monthly  6.03% p.a.  ~  ~  ~ 02 April 2020
MISA Offset Rate - Standard Variable Rate***  4.55% p.a.  ~  ~  ~  24 March 2020
MISA Offset Rate - All Fixed Rate Loans***  1.50% p.a.  ~  ~  ~  10 November 2008

1Extra Home Loan (life of loan discount) is only available for new loans with minimum new borrowing of $10,000 (excluding Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) and financed fees, if applicable).

Extra Home Loan (life of loan discount) is only available with minimum new borrowing of $150,000 above the existing loan balance for internal refinance and top-up loan applications (excluding Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) and financed fees, if applicable).

* Calculated based on current Extra Home Loan Variable reference rate 3.78% p.a. and current product discount margins on offer, see Product Discount Margin.

 

Owner Occupied Home Loans - Interest Only

Product Interest Rate Comparison Rate MAV Package Rates p.a. ** MAV Package Comparison Rates p.a. ** Effective Date
Extra Home Loan (life of loan discount) ≤ 70% LVR1  3.25% p.a.^  2.91% p.a.  ~  ~  25 September 2020
Extra Home Loan (life of loan discount) > 70% to 80% LVR1  3.25% p.a ^  2.91% p.a.  ~  ~  25 September 2020
Extra Home Loan (life of loan discount) > 80% LVR1  3.69% p.a. ^  3.35% p.a.      07 April 2020
Standard Variable Rate  5.04% p.a.  4.88% p.a.  4.34% p.a.  4.42% p.a.  24 March 2020
1 Year Fixed Rate  3.54% p.a.  4.60% p.a.  3.39% p.a.  4.22% p.a.  30 March 2020
2 Year Fixed Rate  3.54% p.a.  4.51% p.a.  3.39% p.a.  4.17% p.a.  30 March 2020
3 Year Fixed Rate  3.54% p.a.  4.43% p.a.  3.39% p.a.  4.12% p.a.  30 March 2020.
4 Year Fixed Rate  3.94% p.a.  4.48% p.a.  3.79% p.a.  4.21% p.a.  30 March 2020
5 Year Fixed Rate  3.94% p.a.  4.44% p.a.  3.79% p.a.  4.20% p.a.  30 March 2020
MISA Offset Rate - Standard Variable Rate***  5.04% p.a.  ~  ~  ~  24 March 2020
MISA Offset Rate - All Fixed Rate Loans***  1.50% p.a.  ~  ~  ~  17 March 2017

1Extra Home Loan (life of loan discount) is only available for new loans with minimum new borrowing of $10,000 (excluding Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) and financed fees, if applicable).

Extra Home Loan (life of loan discount) is only available with minimum new borrowing of $150,000 above the existing loan balance for internal refinance and top-up loan applications (excluding Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) and financed fees, if applicable).

^Calculated based on current Extra Home Loan Interest Only Variable reference rate 4.34% p.a. and current discounts on offer, see Product Discount Margin.

 

Low Doc Home Loans established before 1 April 2012

Below are the current reference rates applicable to variable rate Low Doc Home Loans established before 1 April 2012:

 

Owner Occupied Home Loans - Principal and Interest

Product Interest Rate Comparison Rate Effective Date
Low Doc Standard Variable Rate  4.85% p.a.  5.00% p.a.  24 March 2020
Low Doc Economiser Base Variable Rate  4.39% p.a.  4.54% p.a.  24 March 2020
Low Doc Variable Rate (Residential Equity Rate)  6.33% p.a.  ~  24 March 2020


Owner Occupied Home Loans - Interest Only

Product Interest Rate Comparison Rate Effective Date
Low Doc Standard Variable Rate  5.34% p.a.  5.18% p.a.  24 March 2020
Low Doc Economiser Base Variable Rate  4.88% p.a.  4.72% p.a.  24 March 2020


**Conditions apply visit commbank.com.au or speak to your lender/broker. To be eligible for a package, you must have an initial 'total home lending balance' of at least $150,000 and pay the annual package fee of $395, debited to any Commonwealth Bank transaction account or Commonwealth Bank Credit Card. Total home lending balance is the sum of the account balance of home lending accounts and the credit limit of the Viridian line of credit accounts that you have with us. Any extra repayment that you make on your home loan will reduce your total home lending balance. For more information refer to the Wealth Package/MAV Fact Sheet.

*** Mortgage Interest Saver Account (MISA) is a quarantined product and is no longer available for sale.
No new MISAs can be activated for new or existing loans from 16 March 2019. If an existing MISA balance is reduced to zero, the MISA can't be re-activated.

Comparison rate 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 or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed 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. 

Home Loan Interest Rates

 

Low Doc Home Loans established before 1 April 2012

Below are the current reference rates applicable to variable rate Low Doc Home Loans established before 1 April 2012:

Owner Occupied Home Loans - Principal and Interest 

Product Interest Rate Comparison Rate Effective Date
Low Doc Standard Variable Rate  5.52% p.a.  5.66% p.a.  19 August 2016
Low Doc Economiser Base Variable Rate  5.06% p.a.  5.21% p.a.  19 August 2016
Low Doc Variable Rate (Residential Equity Rate)  5.93% p.a.  ~  19 August 2016

Owner Occupied Home Loans - Principal and Interest 

Owner Occupied Home Loans - Principal and Interest 

Product Interest Rate Comparison Rate MAV Package Rates p.a. ** MAV Package Comparison Rates p.a. ** Effective Date
Extra Home Loan  4.09% p.a.*  4.10% p.a.      27 February 2017
Extra Home Loan (2 Year Introductory Rate)  3.99% p.a.*  4.35% p.a.      27 February 2017
No Fee Variable Rate  4.52% p.a.  4.52% p.a.  ~  ~  19 August 2016
Standard Variable Rate  5.22% p.a.  5.36% p.a. Discount based on total home lending balance  ~  19 August 2016
12 Month Discounted Variable Rate  4.52% p.a.  5.30% p.a.  ~  ~  19 August 2016
1 Year Guaranteed Rate  4.39% p.a.  5.28% p.a.  ~  ~  09 November 2015
Rate Saver  4.76% p.a.  4.91% p.a.  ~  ~  19 August 2016
3 Year Special Rate Saver  4.29% p.a.  4.78% p.a.  ~  ~  27 February 2017
1 Year Fixed Rate  4.54% p.a.  5.30% p.a.  4.39% p.a.  5.09% p.a.  09 November 2015
2 Year Fixed Rate  4.14% p.a.  5.16% p.a.  3.99% p.a.  4.99% p.a.  02 December 2016
3 Year Fixed Rate  4.24% p.a.  5.10% p.a.  4.09% p.a.  4.96% p.a.  02 December 2016
4 Year Fixed Rate  4.54% p.a.  5.13% p.a.  4.39% p.a.  5.01% p.a.  02 December 2015
5 Year Fixed Rate  4.74% p.a.  5.16% p.a.  4.59% p.a.  5.07% p.a.  02 December 2016
7 Year Fixed Rate  7.74% p.a.  6.83% p.a.  7.59% p.a.  6.77% p.a.  12 August 2011
Equity Unlock Loan for Seniors  6.37% p.a.  6.44% p.a.  ~  ~  19 August 2016
Viridian Line of Credit Residential Equity Rate  5.78% p.a.  ~ Discount based on total home lending balance  ~  16 December 2016
All Viridian Line of Credit Excess Drawing Rate, Monthly  17.94% p.a.  ~  ~  ~  5 November 2010
MISA Offset Rate - Standard Variable Rate***  5.22% p.a.  ~  ~  ~  19 August 2016
MISA Offset Rate - All Fixed Rate Loans  1.50% p.a.  ~  ~  ~  10 November 2008

*Calculated based on current Extra Home Loan reference rate 4.52% p.a. and current discounts on offer, see Product Margin and Product Margin (Introductory Discounts)

 
17 March 2017
MISA Offset Rate - Standard Variable Rate***
03 April 2017
21 April 2017
08 May 2017
Extra Home Loan (4 Year Introductory Rate) – First Home Buyers only^
 
 02 March 2018
Viridian Line of Credit Residential Equity Rate