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 passing the February 2025 cash rate cut on to borrowers.
From 28 February variable rate home loans will dropped by 25 basis points.
From that date the lowest variable rate loan the Commonwealth Bank offers will be 5.90%.
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 April 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".
{"userFilters":[{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["Owner-occupier","Investor"],"fields":[{"label":"Owner-occupier","value":"Owner-occupier","comparator":"contains"},{"label":"Investor","value":"Investor","comparator":"contains"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":"DETAILS.LOAN_PURPOSE"},"dataType":"TEXT","label":"Loan Purpose","queryParameter":"loanpurpose","order":0},{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["Fixed","Variable"],"fields":[{"label":"Fixed","value":"Fixed","comparator":"contains"},{"label":"Variable","value":"Variable","comparator":"contains"}]},"dataSelector":{"recordType":"PRODUCT","fieldCode":"DETAILS.PRODUCT_TYPE"},"dataType":"TEXT","label":"Loan type","queryParameter":"loantype","order":1},{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["5","10","20","30","40"],"fields":[{"label":"less than 5%","value":"5","comparator":"lte"},{"label":"10%","value":"10","comparator":"eq"},{"label":"20%","value":"20","comparator":"eq"},{"label":"30%","value":"30","comparator":"eq"},{"label":"40% or more","value":"40","comparator":"gte"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":"DETAILS.MIN_DEPOSIT"},"dataType":"PERCENTAGE","label":"Min. deposit","queryParameter":null,"order":2},{"componentType":"SINGLE-SELECT CHECKBOX","options":{"fields":[{"label":"Offset account","fieldCode":"FEATURES.MORTGAGE_OFFSET","comparator":"eq","value":"1"},{"label":"Redraw facility","fieldCode":"FEATURES.FACILITY_REDRAW","comparator":"eq","value":"1"},{"label":"Extra repayments","fieldCode":"FEATURES.EXTRA_PAYMENTS","comparator":"eq","value":"1"},{"label":"Cashback","fieldCode":"GENERAL.CASHBACK","comparator":"eq","value":"1"},{"label":"Finder award winner","fieldCode":"GENERAL.FINDER_AWARDS_WINNER","comparator":"eq","value":"1"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":null},"dataType":null,"label":"Features","queryParameter":"features","order":3},{"componentType":"PROVIDER","options":null,"dataSelector":{"recordType":"PRODUCT","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Lender","queryParameter":null,"order":4},{"componentType":"FULL MARKET COMPARISON","options":null,"dataSelector":{"recordType":null,"fieldCode":null},"dataType":null,"label":"Finder Partners","queryParameter":null,"order":5}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":","},"prefilled":false,"experimental":false}
We currently don't have that product, but here are others to consider:
How we picked these
CommBank key facts
The Commonwealth Bank is one of Australia's biggest lenders and has a very large range of home loan products, including package home loans with lots of extra features and simpler loans with just the basics.
The lender has a nationwide network of physical branches plus phone support and an app to manage repayments, spending and saving.
Beyond mortgages, Commonwealth Bank also offers savings accounts, transaction accounts and term deposits.
What do Australians think of CommBank home loans?
Owner Occupier home loans
4.13/5 overall for Customer Satisfaction - higher than the average of 3.98
4.45/5 for Trust - higher than the average of 4.36
4.18/5 for Customer Service - higher than the average of 3.97
Investor home loans
4.2/5 overall for Customer Satisfaction - higher than the average of 3.97, and this was the highest score in the category
4.58/5 for Trust - higher than the average of 4.42
4.2/5 for Customer Service - higher than the average of 3.95, and this was the highest score in the category
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.
Feature
Details
Deposit size
You can borrow up to 95% with some Commonwealth Bank mortgages, including some very competitive rates. But many rates require larger deposits, so look carefully at each loan's LVR.
Offset account?
Some Commonwealth Bank loans come with 100% offset accounts, but not all of them do so check carefully before applying.
CommBank's package home loans offer discounted mortgage rates and fee waivers on the loan and a credit card.
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."
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).
Mortgage brokers. Find out how to get free, expert guidance from a mortgage broker.
More home loan questions
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.
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.
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.
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.
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.
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.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
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 609 Finder guides across topics including:
Hi…….we have a home loan of 251,000 and last year we fixed it for 5 years but due to unforeseen circumstances we are forced to sell it. This means we will have to break our fixed rate 4 years early. roughly how much will this cost us (i know its going to be so so much). Also are big banks willing to negotiate or are the rules set in stone?
Finder
ShirleyJune 10, 2014Finder
Hi Carla,
Thanks for your question.
The break costs and rules for a home loan is determined on a case by case basis. Please contact your home loan consultant or the customer service team at Commonwealth Bank to enquire about this.
Cheers,
Shirley
steveOctober 30, 2013
how long to approve first home loan , I have 100k deposit
Finder
ShirleyOctober 30, 2013Finder
Hi Steve,
Thanks for your comment.
It is possible for CBA to provide a decision on your loan within an hour if you provide enough information. It also depends on a number of factors like if you’ve already found a property that you’d like to buy.
By using the equity you have in your property, you could borrow cash for a number of reasons without needing to make regular repayments back into the loan.
Discharged bankrupts start off their financial state fresh, but some may still find it difficult to get a mortgage. Discharged bankrupts may still get a home loan, but with stricter conditions and higher loan rates.
If you haven't sold your house yet, but want to buy your next one before the sale is completed a bridging loan may be able to help. Read on to discover how bridging finance can help.
You may be able to get a low deposit home loan with just a 5% cash deposit. Here are the lenders who are more likely to lend you a 95% loan.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Why there are loans with no deposit. It’s take a few yrs to save and the property prices keeps going up.
Hi Bhama,
Thanks for your question.
Since the GFC, the lending criteria for home loans have become stricter.
No deposit home loans can be available if you have a guarantor. There are also low deposit home loans available.
Cheers,
Shirley
Hi…….we have a home loan of 251,000 and last year we fixed it for 5 years but due to unforeseen circumstances we are forced to sell it. This means we will have to break our fixed rate 4 years early. roughly how much will this cost us (i know its going to be so so much). Also are big banks willing to negotiate or are the rules set in stone?
Hi Carla,
Thanks for your question.
The break costs and rules for a home loan is determined on a case by case basis. Please contact your home loan consultant or the customer service team at Commonwealth Bank to enquire about this.
Cheers,
Shirley
how long to approve first home loan , I have 100k deposit
Hi Steve,
Thanks for your comment.
It is possible for CBA to provide a decision on your loan within an hour if you provide enough information. It also depends on a number of factors like if you’ve already found a property that you’d like to buy.
Hope this helps,
Shirley