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Commonwealth Bank home loans

As one of Australia’s largest banks and one of the biggest of the “Big 4”, Commonwealth Bank (CBA) doesn't always offer the lowest rates on the market, but is able to offer competitive home loan offers, including package deals with other financial products. 

CBA has a variety of home loans available at a range of different interest rates. As a general rule, owner-occupiers get lower interest rates than investors; principal-and-interest borrowers get lower interest rates than interest-only borrowers; and borrowers with lower LVRs get lower interest rates than borrowers with higher LVRs.

Commonwealth Bank also puts different prices on its variable interest rates and its fixed interest rates. CBA’s fixed rate mortgages are available for either one, two, three, four, five or seven year terms. As a general rule, the longer you want to fix, the higher the interest rate.

Mark Bristow
Mark Bristow

Personal Finance Editor

Content updated

Product data updated

Why choose Commonwealth Bank

Benefits

  • Package options available
  • Online banking portal and mobile banking options
  • Wide variety of home loan products available
  • One of the largest banks in Australia, giving you access to a large branch network and over 4000 ATMs Australia-wide

Drawbacks

  • Most loans charge both significant upfront fees as well as ongoing monthly fees
  • Interest rates may be higher than the market average on some loans

Commonwealth Bank Home Loans

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Contact a mortgage broker

Commonwealth Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

broker profile picture

Arnab Baral

VIC3030
Australian Credit Licence: 384324
4.9
162 Google reviews

Get expert advice from a home loans specialist.

Arnab Baral is a distinguished Mortgage Broker at Cinch Loans, proudly serving the community across Australia. With a we...

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broker profile picture

Aileen Ho

NSW2000
Customer Representative Number: 392035
5.0
136 Google reviews

Get expert advice from a home loans specialist.

Aileen has over 10 years of banking experience across the two major banks, Westpac and ANZ and as a Mortgage Broker sinc...

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Rick Sethi

VIC3108
Customer Representative Number: 478902
5.0
218 Google reviews

Get expert advice from a home loans specialist.

I'm delighted to extend a warm welcome and introduce myself as a seasoned mortgage broker with a profound passion for in...

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Commonwealth Bank of Australia customer service

You can contact Commonwealth Bank to manage your home loan and other banking services via:

  • Customer service centre (phone)
  • Mobile app
  • Online banking (Netbank)
  • Email
  • Live Chat
  • Large branch network Australia-wide
  • Dedicated home loan specialists

How to apply

When applying for a Commonwealth Bank home loan, some of the below documentation may be required:

  • Identification
  • Details of your current living expenses
  • Details of your current living expenses
  • Details of other savings, investments, credit cards or loans

About Commonwealth Bank home loans

The Commonwealth Bank is a home loan lender that offers home loans to suit almost every type of mortgage borrower in Australia, including:

  • First home buyers
  • Upgraders
  • Investors
  • Refinancers
  • Renovators
  • Self-employed (low-doc loans)
  • SMSFs (superannuation home loans)
  • Seniors (reverse mortgage)

Borrowers who take out Commonwealth Bank home loans can choose from a variety of interest rate options, including:

  • Principal and interest home loans
  • Interest-only home loans
  • Variable interest rates
  • Fixed interest rates
  • Split loans

Some home loans also come with permanent interest rate discounts, or temporary introductory interest rate offers.

Mortgage borrowers may also be able to earn discounts by combining a Commonwealth Bank home loan with other CBA products, such as credit cards and insurance. Commonwealth Bank may not offer the lowest mortgage rates or the most flexible products, but it is well-known for its large branch network and strong brand.

Commonwealth Bank home loans review

Because CBA is so big and well-known, and because almost everyone knows somebody who is a CBA customer, many mortgage customers regard a Commonwealth Bank home loan as a relatively reliable option in a confusing mortgage market. 

Commonwealth Bank has a home loan product for almost every type of mortgage borrower out there. You can use CBA for ‘vanilla’ home loans, whether you’re an owner-occupier, an investor, a refinancer or an upgrader. You can also turn to CBA for more specialist home loans, such as low-doc loans, reverse mortgages and SMSF mortgages. You may even find Commonwealth Bank helpful if you’re looking to secure a guarantor home loan. And no matter where in Australia you live, there’s likely to be a CBA branch close by.

But although Commonwealth Bank is a relatively convenient option, it’s not always a cheap or inexpensive option, and you'll need to consider the cost of interest rates and fees. If you’re looking for a more cost-effective home loan, as opposed to one positioned by features, you may want to shop around.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.