Rating based on 64 reviews

Commonwealth Bank Home Loan


  • Home loans up to $500,000
  • Low-interest starting from 1.99%
  • Repayment up to 30 years

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Commonwealth Bank homepage

Author Commonwealth Bank. Screenshot of Commonwealth Bank website. [Accessed September 14, 2021]

About Commonwealth Bank

The comprehensive integrated financial services provided by the Commonwealth Bank have made it a leader in the Australian financial industry.

Unique solutions for businesses

The range of business finance services enables companies of all sizes to manage their cash flow and to invest in growth. Our institutional banking services are used by a large number of institutional clients. We provide funds management and superannuation, insurance, share broking and investment solutions.

We're listed on the ASE

The group is among the largest companies listed on the Australian Securities Exchange. Its major financial goal is to achieve a total shareholder return among the top 25% of its peers which are listed in Australia over each period of five years.

This is a measure of the growth in the value of the investment in the shares of the group based on the assumption that dividends are automatically reinvested in shares when they are paid out.

Commonwealth Bank Services

On our website, we offer a complete summary of each and every one of our home loan products available in the form of a downloadable PDF file. 

The group offers retail and premium banking services to assist individuals and households with managing their finances and wealth. You will get a complete account of the interest rates, set up costs, fees and charges and repayment terms and structures. When you have complete information at hand, you will be able to make the best decision as a home buyer.

Two main types of home loans

A variable rate home loan is highly flexible and will easily adapt to your needs no matter how they change. You will enjoy a highly competitive interest rate.

A range of features to select from

A fixed-rate loan comes with fixed regular payments. It enables you to plan your finances effectively and to use an accurate and reliable budget every month. You will have complete certainty and peace of mind.

Commonwealth Bank Home loan

  • Loan Type Home loans
  • Interest Rate 1.994.52% p/a
  • Loan Amount up to $500,000
  • Repayment 30 years

Benefits of Commonwealth Bank

  • Compare home loans
  • Fixed interest rate
  • Online application

Commonwealth Bank Home Loans - your partners in the home loan process

We can assist you to get the house you want with the advantages of our tools, insights, merchandise and residential specialists, and help you get the house that is right for you.

We have a variety of mortgage options for our clients to choose from. You can work out how much you are eligible to borrow, as well as your monthly repayment terms with our handy loan calculator tools.

Assisting you at each step of the house hunting journey

As a client, you'll be able to check your details and alter your repayments online and even pay your mortgage off before planned.

If you’re thinking of renovating your home further down the line, need to consolidate debts or just want extra money, borrowing extra cash through your existing home loan is one of the unique options we offer our clients.

You can borrow extra funds through your existing home loan while not ridding yourself of your existing loan or taking out a separate loan, creating an easier way to get cash when you need it. You’ll be paying a home loan rate of interest, which may be price effective compared to taking out a completely new loan.

We home loans to suit all Australians

The amount you'll borrow depends on your financial situation and also the number of repayments you have made on your existing home loan.

One service fee charge per month

You’ll conveniently pay one monthly loan service charge that we can facilitate and give you the necessary support you need throughout the term. You'll renegotiate your loan over an extended term, subject to traditional criteria.

Plus, your initial fee is slightly lower than expected. so don’t delay a minute further. Call us today and get the loan which is flexible to accommodate your needs or apply for your loan online.

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Commonwealth Bank is a trusted & reliable provider of home loans

In our review, Commonwealth Bank adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, as well as the National Consumer Credit Protection Regulations 2010, where the granting the loan will not cause financial distress to the consumer.

Commonwealth Bank is a registered credit provider in Australia; ACL 234945

Customer Reviews & Testimonials

April 2019

We needed advice and when we phoned in we got the best advice and they offered us that we could even come into the office and discuss further.

David W
— Melbourne —

April 2019

They let you see how much you will be paying and your interest rate on your home loan which is great if you would like to work out your total amount you will be paying back.

Keagan L
— Perth —

February 2019

You can use the app to see how much of your loan you will need to pay back or how much of your loan has been paid.

Martin B
— Brisbane —

April 2019

The awesome thing about the company’s website is that you can get it on your phone or your computer that means that no matter where you are if you need help you can get hold of them.

Nikki L
— Sydney —

Commonwealth Bank Contact

Physical Address

Opening Hours

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