Wealth Package Fixed Rate Investment Loan (Interest Only) 3 Years
Cashback
$2,000 cashback for refinances of eligible home loans to CommBankNew Smart Home Loan
special
Get one of the lowest variable interest rates on the market and pay no application or ongoing fees
2.78%
Variable
2.80%
Smart Home Loan
3.39%
Fixed - 3 years
4.73%
$706
Pros
- Repayments will not change during fixed period
Cons
- Limited extra repayments
- No redraw and no offset
- Annual fee charged
- Discharge fee at end of loan
Maximum LVR 80% | Interest rate structure Fixed - 3 years |
Borrowing range $150k - $100m | Total Repayments $254,160 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $200 | Application fee $0 |
Settlement fee $200 | Valuation fee $0 |
Legal fee $0 | Ongoing fee $395 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
Aggregator |
- Cashback $2,000 cashback for refinances of eligible home loans to CommBank
Everyday Offset Account fee is $10/month whereas the Mortgage Interest Saver Offset Account is free
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.
