Extra Variable 4 Year Introductory Rate Extra Variable 4 Year Introductory Rate (Principal & Interest) (Owner Occupied)

  • 4.35%
    p.a Standard Variable
  • 4.36%
    p.a Comparison**
  • $200
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max LVR
  • $1,916
    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, Construction, 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.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


The Extra Home Loan 4 Year Introductory rate offers a margin discount on the interest rate for an introductory period and at the end of the introductory period, a margin discount rate for the remaining life of loan. (Note: repayments will increase after the introductory period.) This product will be available exclusively for first home buyers only. It is available to Owner Occupier and Investment Home Loan customers who are purchasing their first property. Allowable Loan Purposes:Personal Owner Occupied, Personal Investment Housing, Personal purposes, Personal Investment, Bridging, Off the Plan Purchase, Homeseeker, Land & Building Construction finance / Progress Payments, Excluded Purposes, Business. Excluded Loan Purposes: Business Top Up available with minimum $10K. Repayment redraw details: - Min Redraw Amount = $500 electronic & $1,000 over the counter - Repayment Redraw Fee : $0.00 if the redraw is processed electronically and $5.00 if the redraw is processed via the Branch Additional repayments,Repayment Holiday and Guarantor Support are available. NOTE: Interest In Advance is only available on fixed rate investment home loans

LVR Notes

Maximum LVR for owner occupied: 95% inclusive of any LMI. (No LMI or LDP is required up to 80% LVR)


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

Additional security fee (per fresh security) $150 Top Up Fee $300 Progressive drawing fee (per drawing) $75 (where, construction loan) Security Guarantee fee (per borrower) $200 Security substitution fee $300 Settlement cheque fee $15

*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