Commonwealth Bank of Australia
Online Access
Forgotten your


Fixed Rate Home/ Investment Home Loans

Back to Home Loan Products


Features and Benefits Product Attributes Repayment Options
  • Customers have the option of Rate Locking their selected Fixed Interest Rates at application for a period of 3 months from the date of loan application. During the fixed rate period the customer will have two fixed interest rates, one for principal and interest repayments and one for interest only payments.
  • Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make.
  • Converts to the applicable Standard Variable Interest Rate at the end of the agreed fixed rate period relevant to their loan purpose and repayment type at that time; or the customer can choose another fixed interest rate period. 
  • Portability - the home loan can move with the customer (conditions and fees apply)
  • Variable and Fixed Rate Options (Split Loans). Where a Variable and Fixed progressive drawing is required the loan amount must be drawn down in the following order:
    • Any introductory rates, then;
    • Any Fixed Interest Rate, and finally
    • Any Variable Interest Rate
  • Switch to a variable or fixed interest rate at any time (the customer will need to pay an Administrative Fee and may also need to pay an Early Repayment Adjustment)
  • Statement frequency 6 monthly or on request (a fee applies for requested statements)
  • Minimum Loan Amount - $10,000
  • Maximum Loan Amount - no maximum
  • Fixed Terms - 1 to 5 years fixed terms
  • Loan Term - 1-30 years (subject to retirement age)
  • Monthly, fortnightly and weekly repayment options are available (interest only is monthly).
  • Payment options of principal and interest and interest only (subject to a maximum of 10 years) are available.
  • Interest only - make interest only payments for a period of 1 to 5 years per IO term with a maximum of 5 IO years in total for Home Loans and 1 to 5 years per IO term with a maximum of 10 IO years in total for Investment Home Loans.
  • Repayments must be set at the minimum repayment to repay the loan over the requested loan term at the outset of the fixed rate loan. If the client wants to pay more than the minimum required they need to be conscious of Early Repayment Adjustment provisions.
  • Clients have the ability to make additional repayments at any time (limit $10,000 per year) without incurring an Early Repayment Adjustment and Administrative Fee.


Early Repayment Adjustment

An Early Repayment Adjustment (ERA) and Administrative Fee may apply where the borrowers repay their Fixed Rate Home/ Investment Home Loan in part (except for the first $10,000 in additional repayments received in the year of prepayment) in full or top up, during the fixed rate period. More Information

Fact Sheet

ERA Formulae Guide

Important Things to Know About Home Loans and Credit Cards

Home Loan Interest Rates and Fees


Credit Policy

Application Process

(interest only is monthly).