Commonwealth Bank of Australia (CommBank) is the country's largest home-loan lender by book size and one of the Big Four. Founded in 1911 and headquartered in Sydney, it offers a full range of owner-occupier and investment loans through its 700+ branch network and the CommBank app. Its Wealth Package suite bundles offset, redraw and waived annual fees with eligible products.
What are CommBank home loan rates?
CommBank home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 6.49% p.a. and the lowest fixed rate currently 6.34% p.a., checked daily (last verified 12 Sept 2026). Compare CommBank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest CommBank home loan rate?
The lowest CommBank variable home loan rate Ratesniffers tracks is 6.49% p.a., and the lowest fixed rate is 6.34% p.a. These figures come from the 60 CommBank products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 12 Sept 2026).
How many home loan products does CommBank offer?
Ratesniffers currently tracks 282 CommBank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
This page compares Commonwealth Bank home loans using the CommBank interest rates and comparison rates shown above. For service, features and lender fit, read the independent CommBank review. For a side-by-side rate comparison with the other household-name major, see CommBank vs Westpac.
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
CommBank home loan repayment calculator
Pre-filled with CommBank's lowest advertised variable rate in the table above, 6.49% p.a. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates and exclude fees, so the comparison rate in the table is the better guide to total cost.
Commonwealth Bank is Australia's largest bank and its largest home lender, holding roughly a quarter of the country's mortgage lending, with an owner-occupier loan book in the hundreds of billions. It was founded by the Australian government in 1911 and fully privatised between 1991 and 1996.
CommBank runs the largest branch and ATM network of any Australian bank, around 700 branches, and has extended its commitment to keep all regional branches open until at least 31 July 2027. Its scale shows on the digital side too, with the most-used banking app in the country and a broad product range across every borrower type.
Who suits a CommBank home loan?
CommBank tends to suit borrowers who want maximum branch and service coverage, the full product menu, and the convenience of Australia's biggest banking platform. Scale does not automatically mean the sharpest price though: its advertised rates usually sit above the leaders in our table, so compare its comparison rate against the market before assuming the default choice is the right one.
CommBank's lowest variable rate today is 6.49% p.a., 25 basis points above the 6.24% p.a. median across the lenders Ratesniffers tracks, computed daily from the same live feed as the table above.
Background facts checked 5 September 2026. Rates above refresh independently.
CommBank home loan products explained
The line-up as published by CommBank, checked 5 September 2026. Today's rate for each product is in the table above.
Product
Who it is for
What to know
Digi Home Loan
Owner-occupiers and investors who apply online and want a simple structure.
Variable rate, one Everyday Offset account, unlimited extra repayments and redraw.
Standard Variable Rate
Borrowers who want maximum flexibility and multiple offset accounts.
Link up to 99 Everyday Offset accounts, redraw with a $1,000 minimum and no redraw fee, interest-only for up to 5 years on owner-occupied and up to 15 years on investment loans, can be packaged under the Wealth Package.
Simple Home Loan
Borrowers who want fewer features than the Standard Variable Rate but still an offset.
Up to two Everyday Offset accounts, unlimited extra repayments and redraw, interest-only option.
Fixed Rate Home Loan
Borrowers who want repayment certainty.
Fixed terms from one to five years, up to $10,000 of extra repayments a year during the fixed period (not redrawable until the term ends), reverts to the Standard Variable Rate at the end of the term unless refixed, optional Rate Lock for 90 days for a $750 fee.
CommBank fees, offset and limits at a glance
Application or establishment fee
$600 (excluding off the plan) (all including one security), $800 off the plan, EQFS $950, split loans $600…
Discharge fee
$350
Settlement fee
$200
Additional valuation fee
$150
Rate lock fee
$750 per rate lock
Loan portability
Security Substitution Fee $300
Offset account
Everyday Offset: 100% Offset on Standard Variable Rate Home/Investment Home Loan only
Minimum offset balance
Everyday Offset: no min balance
Lenders mortgage insurer
Arch
Capitalising LMI
O/O Loan 95%, Inv Loan 90%, LOC 90%, Bridging Loans 90%, Refinance from OFI 90% (All inc cap LMI)
Maximum total lending
Full doc O/O loans no max but limited by serviceability and LVR.…
Extra repayments on fixed
$50 Administrative fee plus Early Repayment Adjustment (amount advised when fee calculated).…
When the fixed rate is locked
Rate lock 90 days from application or rate on date of settlement
Checked 4 Sept 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
CommBank home loan fees and policy
The Wealth Package costs a non-refundable $395 a year, paid in advance, and applies to Standard Variable Rate and one to five year Fixed Rate home loans. It waives the annual fee on one eligible credit card and unlocks package discounts.
Rate Lock on a fixed rate loan holds the reference rate for 90 days before funding for a non-refundable $750 fee.
CommBank's online discount on the Standard Variable Rate and Simple Home Loan requires a minimum $150,000 loan balance.
CommBank is a participating lender in the Australian Government 5% Deposit Scheme (5% deposit for first home buyers, 2% for single parents or legal guardians, owner-occupier principal and interest loans, no LMI) and states it is currently the only major lender participating in the federal Help to Buy Scheme.
Where the scheme does not apply, CommBank offers Lenders Mortgage Insurance or its own Low Deposit Premium, guarantor support, and LMI waivers for doctors, lawyers and accountants with deposits from 10%, subject to CommBank confirming the profession is eligible.
CommBank reports supporting more than 80,000 first home buyers through the 5% Deposit Scheme, based on its scheme back book as at 30 June 2026.
CommBank home loan rates are in the live table on this page. The lowest variable rate Ratesniffers ranks is currently 6.49% p.a., and the lowest fixed rate is 6.34% p.a., checked daily (last verified 12 Sept 2026). Compare CommBank against the wider market at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments on a CommBank balance, use /calculators/extra-repayment.
What is the lowest CommBank home loan rate?
CommBank's lowest variable home loan rate is currently 6.49% p.a., and its lowest fixed rate is 6.34% p.a., based on the 60 CommBank products Ratesniffers ranks by comparison rate, checked daily (last verified 12 Sept 2026). The advertised rate isn't always the rate CommBank approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 CommBank home loan?
At CommBank's lowest variable rate of 6.49% p.a., a $600,000 principal and interest loan over 30 years repays about $3,788 a month, and $500,000 about $3,157. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 CommBank home loan?
There is no single salary. Like every Australian lender, CommBank must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 6.49% p.a. is assessed at about 9.49% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does CommBank's home loan rate compare to the market?
CommBank's lowest variable home loan rate today is 6.49% p.a., which is 25 basis points above the market median of 6.24% p.a., so there are sharper variable rates available elsewhere today, and it's worth comparing or asking CommBank to match a lower rate. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where CommBank sits right now rather than a fixed snapshot.
How many home loan products does CommBank offer?
Ratesniffers currently tracks 282 CommBank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is CommBank competitive for refinancing?
It depends on your loan size and LVR. CommBank's lowest comparison rate is currently 6.85% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing CommBank against the sharpest available rate usually pays off.
How often are CommBank's home loan rates updated?
Ratesniffers refreshes CommBank's home loan rates daily; this page was last updated 12 Sept 2026. Rates can change whenever CommBank reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
What upfront and exit fees does CommBank charge on a home loan?
CommBank's fee schedule effective September 2026 lists a $600 establishment fee on most unpackaged home loans for an established property purchase or refinance, $300 on the Digi and Simple Home Loans, and a $200 settlement fee. Monthly loan service fees run from $8 to $20 by product, with cuts flagged from 1 October 2026. Discharging or refinancing away costs $350.
Does CommBank lend to self-employed borrowers, and what income evidence does it accept?
Yes. CommBank's guidance for business owners lists personal tax returns for the two most recent years with the latest ATO Notice of Assessment, or an accountant's letter confirming they are lodged and final, plus the business tax return and two consecutive years of profit and loss statements. A simplified verification process may apply if you pay yourself a regular salary.
Does CommBank offer construction loans?
Yes. A CommBank Construction Loan is drawn progressively, with payments released to your builder after each completed stage, and you pay interest only on the amount drawn during the build. Construction must start within 12 months of the contract's disclosure date and finish within 24 months of the first progress payment. Prefabricated homes built off site are also covered.
Does CommBank offer bridging loans?
Yes. A CommBank Bridging loan lets you buy your next home before selling your current one, with a maximum term of 12 months. It is set up as a Standard Variable Rate loan with interest only payments during the bridging period, a $10,000 minimum loan amount and no penalty for repaying early. Availability is subject to eligibility and credit approval.
What are CommBank's home loan rates in September 2026?
CommBank's current home loan rates sit in the live table above, ranked by comparison rate and refreshed from CommBank's published pricing rather than frozen into this answer. Its Digi, Standard Variable Rate, Simple and Fixed Rate loans each price differently by LVR band and purpose, so compare the comparison rate, which folds in the Wealth Package fee where it applies.
Does CommBank offer a fixed rate home loan?
Yes. CommBank's Fixed Rate Home Loan runs for one to five years, allows up to $10,000 of extra repayments a year during the fixed period, and reverts to the Standard Variable Rate at the end of the term unless you refix. An optional Rate Lock holds the reference rate for 90 days for a $750 fee. Current fixed rates are in the table above.
What is the difference between CommBank's Standard Variable Rate and Digi Home Loan?
The Standard Variable Rate is CommBank's full-featured loan: up to 99 Everyday Offset accounts, long interest-only terms and Wealth Package eligibility for a $395 annual fee. The Digi Home Loan is applied for online, comes with one Everyday Offset account, unlimited extra repayments and redraw, and is built for borrowers with a straightforward scenario who want a simpler structure.
Can I get a Commonwealth Bank home loan with a 5% deposit?
Yes, through the Australian Government 5% Deposit Scheme, where CommBank is a participating lender: eligible first home buyers need a 5% deposit and eligible single parents or legal guardians 2%, on an owner-occupier principal and interest loan with no LMI. Outside the scheme, CommBank offers LMI or its Low Deposit Premium, guarantor support, and LMI waivers from a 10% deposit for doctors, lawyers and accountants whose profession CommBank confirms as eligible.
Does CommBank charge an annual fee on its home loans?
Only if you take the Wealth Package, which costs a non-refundable $395 a year paid in advance and applies to Standard Variable Rate and Fixed Rate loans in return for package discounts and a waived annual fee on one eligible credit card. The Digi Home Loan and Simple Home Loan are not packaged products, so check the comparison rate on each.
Is a CommBank mortgage competitive against the rest of the market?
Not automatically. CommBank is Australia's largest home lender, and its advertised rates usually sit above the sharpest lenders in the Ratesniffers table. The market comparison answer above is computed daily from live data, so use it to see today's gap, then weigh CommBank's branch network, app and offset breadth against the price difference for your loan size.
