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Extra Home Loan has been quarantined as of October 2025 and is no longer available for sale.
Customers who currently have an Extra Home Loan are unable to apply for further funding, top ups, or repricing.

Eligibility Criteria

This product is available to customers who:

• Are individuals 18 years of age or above; and
• Are living in Australia as:
  
• An Australian citizen, permanent resident or specified temporary Australian resident;
  
• New Zealand citizen; or
  
• Overseas citizen co-borrowing with an Australian citizen or permanent resident; or
  
• Are living and working overseas as an Australian citizen or permanent resident; and
  
• Provide sufficient security in accordance with CommBank's credit assessment criteria, including:
  
• Acceptable residential mortgage;
  
• Acceptable residential mortgage with supplementary cash held in an eligible CommBank account; and/or
  
• Guarantor who supports the loan by providing additional security.
  

Customer objectives, financial situation and needs

This product is for customers who:

• Want a home loan with a variable interest rate and low fee for any of the following purposes:
• Purchasing, refinancing, building or renovating a residential owner occupied or investment property;
  
• Consolidation of personal debt;
  
• Purchase of land;
  
• Personal needs or personal investments other than cryptocurrency or digital assets;
  
• Building and construction finance; or
  
• Off the plan purchase.
  
• Are in a financial situation that satisfies CommBank's credit assessment criteria, which include demonstrating the capacity to make the required repayments.
  

Key features

• A variable interest rate, which means repayments will vary based on changes to the interest rate.
• A lower variable interest rate when compared to CommBank's Standard Variable Rate home loan product (however, this product doesn't provide access to an Everyday Offset account or a Wealth Package unlike the Standard Variable Rate home loan product).
  
• Unlimited additional repayments (including the ability to pay the loan out early) can be made without charge.
  
• Redraw additional repayments without charge.
  
  • Note: Repayment Redraw is not available where there is a second or subsequent mortgage to another financial institution.
• Switch repayment type between principal and interest and interest only repayments (may require approval).
  

Fact Sheet

Important Things to Know About Home Loans and Credit Cards

Home Loan Interest Rates and Fees

Calculators

Credit Policy

Application Process

The target market for this product will be found within the product’s Target Market Determination, available here