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Extra Home Loan (Principal and Interest)

CashbackEnjoy $2,000 cashback when you refinance your eligible home loan to CommBank. Only available on owner-occupied home loans with principal and interest repayments, all investment loans and all Viridian lines of credit. Refinancing of an existing Commonwealth Bank or Bankwest home loan is ineligible for this offer. Apply before 30 Nov 2018 and have loan funded by 31 Jan 2019.
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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments + redraw services
  • Comes with a credit card
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$10k - $100m
Total repayments
Total repayments
$611,640
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$200.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$200
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0 monthly
Discharge fee
Discharge fee
$350
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$10k - $100m
Total repayments
Total repayments
$611,640
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$200.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$200
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0 monthly
Discharge fee
Discharge fee
$350
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Compare and review home loans with similar features

Loan Profile
Advertised rate
Advertised rate
3.60%
Variable
Advertised rate
3.88%
Variable
Advertised rate
3.87%
Variable
Advertised rate
3.97%
Variable
Comparison rate*
Comparison rate*
3.64%
Comparison rate*
3.89%
Comparison rate*
3.89%
Comparison rate*
4.32%
Monthly repayment
Monthly repayment
$1,591
Monthly repayment
$1,647
Monthly repayment
$1,645
Monthly repayment
$1,665
Total repayments
Total repayments
$572,760
Total repayments
$592,920
Total repayments
$592,200
Total repayments
$599,400
Loan term
Loan term
10 - 30 years
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan Fees
Estimated upfront fees
Estimated upfront fees
$607.00
Estimated upfront fees
$100.00
Estimated upfront fees
$150.00
Estimated upfront fees
$150.00
Legal fee
Legal fee
$365
Legal fee
$0
Legal fee
$0
Legal fee
$0
Valuation fee
Valuation fee
$242
Valuation fee
$0
Valuation fee
$0
Valuation fee
$0
Settlement fee
Settlement fee
$0
Settlement fee
$100
Settlement fee
$150
Settlement fee
$150
Discharge fee
Discharge fee
$250
Discharge fee
$350
Discharge fee
$250
Discharge fee
$250
Ongoing fee
Ongoing fee
$0
Ongoing fee
$0
Ongoing fee
$0
Ongoing fee
$350 annually
Repayments Redraws
Offset account
Offset account
Offset account
Offset account
Offset account
100% offset account
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The Commonwealth Bank is one of Australia’s big four banks and the most popular home loan lender in the country.

CBA offers a wide range of fixed and variable home loans, including mortgages for first home buyers, upgraders and investors, as well as low-doc home loans and reverse mortgages.

The Commonwealth Bank offers a range of mortgage options, from lower-cost basic loans to fully featured package loans, fixed loans and standard variable loans.

CBA was founded in 1912 as a government bank, before being privatised between 1991 and 1996. 

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