Commonwealth Bank home loans

How we calculate Home Loan Finder Scores

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What different scores mean

9+

Excellent

These home loans offer low costs, coupled with a host of features, giving the best overall value.

7+

Great

These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.

5+

Standard

Usually the home loans would offer above average rates. They may still include some competitive features.

0+

Basic

Higher costs and/or fewer features.

The Commonwealth Bank is the biggest of Australia's Big Four Banks. Check out the full table of Commonwealth Bank products below or read more about the lender and its loans.

Compare Commonwealth Bank home loans for March 2025

Compare Commonwealth Bank home loan products in the table below. You can also find more information on each individual product by clicking "More info".

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Finder Score (low-high)Finder Score (high-low)Interest Rate p.a. (low-high)Interest Rate p.a. (high-low)Comparison Rate p.a. (low-high)Comparison Rate p.a. (high-low)Monthly Payment (low-high)Monthly Payment (high-low)

Name	Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Monthly Payment
Commonwealth Bank Digi Home Loan Interest only40% min. depositInvestment Commonwealth Bank Digi Home Loan Interest only40% min. depositInvestment Details Fees Pros & cons Product Name Commonwealth Bank Digi Home Loan Interest Rate Type variable rate Repayment Type Interest Only Interest Rate p.a. 6.35% Comp. Rate p.a. 6.32% Minimum Loan Amount $100,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee Valuation Fee Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $200 Discharge Fee $350 Pros Cons	Finder score 8.5 Great	Interest Rate 6.35%	Comparison Rate 6.32%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $935	Continue Compare
Commonwealth Bank Digi Home Loan Interest only30% min. depositInvestment Commonwealth Bank Digi Home Loan Interest only30% min. depositInvestment Details Fees Pros & cons Product Name Commonwealth Bank Digi Home Loan Interest Rate Type variable rate Repayment Type Interest Only Interest Rate p.a. 6.37% Comp. Rate p.a. 6.34% Minimum Loan Amount $100,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility Yes Offset Account No Split Loan Facility Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee Valuation Fee Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $200 Discharge Fee $350 Pros Cons	Finder score 8.5 Great	Interest Rate 6.37%	Comparison Rate 6.34%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $937	Continue Compare
Commonwealth Bank Digi Home Loan Interest only40% min. depositOwner-occupier Commonwealth Bank Digi Home Loan Interest only40% min. depositOwner-occupier Details Fees Pros & cons Product Name Commonwealth Bank Digi Home Loan Interest Rate Type variable rate Repayment Type Interest Only Interest Rate p.a. 6.39% Comp. Rate p.a. 6.23% Minimum Loan Amount $100,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee Valuation Fee Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $200 Discharge Fee $350 Pros Cons	Finder score 8.4 Great	Interest Rate 6.39%	Comparison Rate 6.23%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $939	Continue Compare
Commonwealth Bank Digi Home Loan Principal & Interest40% min. depositOwner-occupier Commonwealth Bank Digi Home Loan Principal & Interest40% min. depositOwner-occupier Details Fees Pros & cons Product Name Commonwealth Bank Digi Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.90% Comp. Rate p.a. 6.03% Minimum Loan Amount $100,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee Valuation Fee Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $200 Discharge Fee $350 Pros Cons	Finder score 8.4 Great	Interest Rate 5.90%	Comparison Rate 6.03%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $891	Continue Compare
Commonwealth Bank Digi Home Loan Principal & Interest40% min. depositInvestment Commonwealth Bank Digi Home Loan Principal & Interest40% min. depositInvestment Details Fees Pros & cons Product Name Commonwealth Bank Digi Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.09% Comp. Rate p.a. 6.22% Minimum Loan Amount $100,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $300 Lender's Legal Fee Valuation Fee Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $200 Discharge Fee $350 Pros Cons	Finder score 8.4 Great	Interest Rate 6.09%	Comparison Rate 6.22%	Fees Application: $300 Ongoing: $10 per month	Monthly Payment $909	Continue Compare

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Commonwealth Bank mortgage features

The Commonwealth Bank has a range of mortgages for many types of borrowers. It offers loans for first home buyers, investors, those looking to refinance, and those who want to access their existing home equity.

Our expert says

"I’ve been with CommBank for four years. When I was looking for my first home loan in Australia, I initially considered smaller lenders with lower rates and didn’t even think of my existing bank. However, after spending an hour on hold with a smaller lender, I decided to give CommBank a call and never looked back. They assigned a direct contact who I could call anytime and offered a significant discount on their variable rate. It was a surprisingly straightforward process and better value than expected."

Graham Cooke

Head of Consumer Research

How do I apply for a Commonwealth Bank mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Commonwealth Bank product has specific eligibility criteria, but some will apply to all products. For example:

• Age. You must be over 18 years of age.
• Residency. You should be a resident of Australia.
• Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Commonwealth Bank, you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income. If you bank with CommBank already, you may be able to prove your income digitally.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like the Commonwealth Bank

If you're interested in Australia's biggest banks, you can also compare loans from CommBank's Big Four rivals.

• NAB
• Westpac
• ANZ

More home loan questions

• How do I compare Commonwealth Bank home loans?

  To make sure you find the right Commonwealth Bank loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help:

  • Do you want help from an actual person? Because the Commonwealth Bank has a large network of physical branches, you can talk to staff in person when you need home loan help. This is something online lenders and smaller banks may not be able to do.
  • What do you need the loan for? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. Commonwealth Bank has both.
  • Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes? With CommBank, you can choose either or both with a split rate.
  • What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.

• Does the Commonwealth Bank offer home loan pre-approval?

  The Commonwealth Bank offers conditional pre-approval and you can apply online, by phone or via appointment with a lending specialist at a branch.

  Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

• Are there any risks going with a smaller lender?

  Most Australian borrowers bank with one of the Big Four (Commbank, Westpac, NAB and ANZ). They have physical branches and ATMs in most locations and strong customer support. These are big advantages.

  But if you're worried that smaller lenders are unsafe or less reliable, you probably shouldn't. In Australia, most lenders are authorised deposit-taking institutions (ADIs) and are regulated by the Australian Prudential Regulation Authority (APRA). Almost every lender has a banking licence or partners with a bank.

  There's an assumption that interest rates from the Big Four are less competitive than smaller lenders. And while this is broadly true, the gap has shrunk dramatically in recent years. You can get a very good deal from lenders large and small.

• Should I go with a fixed or variable rate?

  Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.

  A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

• Do I need a mortgage broker?

  Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

Compare other products from Commonwealth Bank

• Commonwealth Bank credit cards
• Commonwealth Bank savings accounts
• Commonwealth Bank term deposits
• Commonwealth Bank superannuation
• Commonwealth Bank personal loans
• Commonwealth Bank car loans
• Commonwealth Bank business loans
• Commonwealth Bank travel insurance
• Commonwealth Bank car insurance
• Commonwealth Bank life insurance
• Commonwealth Bank income protection
• Commonwealth Bank landlord insurance

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Written by

Richard Whitten

Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise

Richard has written 596 Finder guides across topics including:

• Home loans
• Property
• Personal finance
• Money-saving tips