Extra Home Loan (Principal and Interest) (LVR 70%-95%)
Cashback$2,000 cashback for refinances of eligible home loans to CommBank
- No ongoing fees
- Suitable for low deposits
- Extra repayments + redraw services
- Comes with a credit card
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$10k - $100m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
- Cashback $2,000 cashback for refinances of eligible home loans to CommBank
Compare and review home loans with similar features
Commbank home loan rates
Commonwealth Bank isn’t known for offering low interest rates or for trying to undercut its competitors. Instead, Commonwealth Bank home loan rates tend to be middle of the market – definitely not the cheapest but not the dearest either.
CBA has a range of home loan products that come with 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 high LVRs.
Commonwealth Bank also puts different prices on its variable interest rates and its fixed interest rates. There are also differences within its fixed-rate mortgages, which can be for either one, two, three, four, five or seven years. As a general rule, the longer you want to fix, the higher the interest rate.
Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.
No. You can invite as many people to enter the competition as you like. Just remember that you’ll only get one extra entry in the competition for each invited friend that checks their own rate.
The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.
A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).