12 Month Discounted Variable Rate 12 Month Discounted Variable Rate (Principal & Interest) (Owner Occupied)

  • 5.22%
    p.a Standard Variable
  • 5.28%
    p.a Comparison**
  • $800
    Upfront fees
  • $96
    Annual fees
  • 95%
    Max LVR
  • $2,099
    Per Month*

About Commonwealth Bank

CBA and CommBank are also familiar names for the Commonwealth Bank of Australia. Part of the Big4, CBA is considered to be Australia’s leading provider of integrated financial services, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share-broking products and services. The Commonwealth Bank brand is considered to be one of the most recognised brand in the Australian financial services industry. The Commonwealth Bank Group provides a full range of retail banking services including home loans, credit cards, personal loans, transaction accounts, and demand including term deposits through its Commonwealth Bank and Bankwest brands.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Bridging, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

1 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Internet Banking
Telephone Banking
Credit Card
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Monthly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


OTHER PRODUCT INFO: Features & Benefits: - The interest rate is set at a margin below the Standard Variable Home/ Investment Home Loan interest rate for the first 12 months from the date of first loan drawing. - At the end of the introductory rate period the interest rate converts to the Standard Variable Rate current at that time. - No minimum Redraw amount for transactions completed via NetBank, Telephone Banking, ATMs, EFTPOS or EFTPOB. - Minimum Redraw amount of $1,000 for transactions completed over the counter in branch. - Mortgage Interest Saver Account (MISA) 100% off-set (Minimum opening deposit $1000, minimum transaction amount after opening $500. No Commonwealth Bank withdrawal fees apply). - Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make. - Portability - the home loan can move with the customer (conditions and fees apply) - Variable and Fixed Rate Options (Split Loans). Where a Variable and Fixed progressive drawing is required the loan amount must be drawn down in the following order: Any introductory rates (i.e. One Year Guaranteed or 12 Month Discounted), then; Any Fixed Interest Rate, and finally Any Variable Interest Rate - Switch to a fixed interest rate at any time - Statement frequency 6 monthly or on request (a fee applies for requested statements) - Card access available for Home/ Investment Home Loans/ MISAs in single names or where there is more than one name and the Method of Operation is Either to Operate. Repayment options: - Monthly, fortnightly and weekly repayment options are available. - Payment options of principal and interest or interest-only (subject to a maximum of 15 years) are available. - Interest only - make interest payments for a period of 1-10 years for Home loans and 1-15 years for Investment loans. - Additional repayments of any amount can be made without incurring an Early Repayment Adjustment (ERA).

LVR Notes

LMI required above 80%. Maximum LVR 95% for Owner Occupied and 90% for Investment inclusive of LMI. The maximum LVR for residential real property supporting Secured Consumer product(s), where the customer is being refinanced from another financial institution is 90% inclusive of any LMI. The Maximum LVRs will also depend on the borrower’s residency status and the currency used for servicing. LVR restrictions apply to company title applications. Refer to Eligible Borrowers matrix for details.


In cases where the LVR is above 90%, we need to confirm that the customer has savings and/or equity of at least 5% of the value of the security property held for at least 3 months.

Fee Notes

Establishment Fee for: Off the Plan applications is $800. Top Up or increase to an existing loan is $300. When there are two or more new home loans, investment home loans or LOCs applied for at the same time the Establishment Fee is $600 for each of the first two accounts, plus $300 for each additional account.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided