Commonwealth Bank Economiser Loan


The key feature of CBA’s Base Variable Economiser Home Loan is the option to take out an introductory rate for the first years of the loan, making it more affordable for potential customers looking for both flexibility and a competitive rate.

It’s worth noting, however, that once the discounted period is up, the rate may not be as competitive as other product offerings from the big four banks. The loan also includes a number of features such as the ability to make unlimited extra repayments and the option to take a repayment holiday for between three and 12 months if you’ve made enough additional repayments.

Commonwealth Bank offers home loan top-ups if and when you need them, plus flexible repayment schedules of either weekly, fortnightly or monthly which will allow you to pick a payment option that best suits you. CBA’s Economiser Home Loan doesn’t include a 100 per cent offset account however it does include a redraw facility if you are ahead on your repayments and you need to access some cash.

Who is the Commonwealth Bank Economiser Loan good for?

Owner-occupiers and first home buyers might benefit from the discounted interest rate during the initial period of the loan, potentially allowing them to pay more additional repayments. Plus, Commonwealth Bank can offer conditional pre-approval, which means you can start house hunting with confidence.

Review - What RateCity says

The main advantage of the Commonwealth Bank Base Variable Rate Economiser Home Loan is the discounted rate it offers in the first years of the loan. The downside? Your interest rate will jump up after the honeymoon rate finishes, leaving you with higher repayments to make for the remainder of your loan term.

Because of this, it’s worth sitting down and working out whether you’ll be financially better off over the life of the loan. Also make sure you can afford the higher repayments when the time comes. This CBA Economiser Home Loan also offers a range of flexible options, plus, one of the most comprehensive customer service offerings in Australian banking with the biggest network of branches and a streamlined online platform.

Commonwealth Bank Economiser Loan Options

Depending on the promotion Commonwealth Bank is running, Economiser Home Loans introductory discounts can vary from product to product. Check out the links below to see which suits your needs.

  • Low doc options available.
  • Flexible with lots of options.
  • Lower introductory rate.
  • No offset.
  • No split loans.
  • High deposit.

Subject to serviceability.

Conditional pre approval.

About Commonwealth Bank of Australia

Commonwealth Bank is Australia’s largest bank with more than 1000 branches nationally and 24/7 customer service support. The company supports a wide range of technology initiatives, such as the CommBank app, and offers a number of loan products.

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