Commonwealth Bank Home Loans

Commonwealth Bank is the largest banking franchise in Australia. It is this size and strength which allows them to offer such a range of competitive home loan products. The Commonwealth Bank was founded by the Australian Government in 1911 and began banking operations in 1912. At that time it was empowered by the government of the day to conduct savings and general banking for the benefit of Australian people. Since then it has been privatised and today it has more than 700,000 shareholders and employs more than 38,000 staff, and offers full financial services including a wide range of home loans.

It is easy to feel overwhelmed by the size and reach of a Big Bank, however, when you take the time to learn about the products and services behind the perceptions you may find that Commonwealth has the perfect home loan and just the right extras to help you manage your mortgage or your investment towards your personal goals.

Loans Offered by Commonwealth Bank

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
Commonwealth Bank No Fee Variable Rate	Enjoy zero fees and choice in repayment frequencies and special repayments.	6.61%	6.61%	$0 / $0	80%	$150,000 / $0
Commonwealth Bank Equity Unlock	No lump sum or periodic withdrawals and no regular repayments needed.	8.46%	8.56%	$950 / $12	45%	$20,000 / $425,000
Commonwealth 12 Month Discounted Variable Rate	Kickstart your home loan repayments with an discounted introductory rate	6.86%	7.62%	$600 / $8	80%	$10,000 / $0
Commonwealth Bank Complete Home Loan Standard	A low rate backed up by a range of flexible features	7.31%	7.45%	$600 / $8	97%	$10,000 / $0
Commonwealth Bank Viridian Line of Credit	Consolidate your finances with the Viridian Line of Credit	7.46%		$600 / $12	80%	$20,000 / $0
Commonwealth Bank Interest In Advance Fixed Rate Investment Home Loan	Keep your investment secure with Commonwealth Bank Fixed Rate Investment Loan	6.28%		$600 / $8	92%	$20,000 / $0
Commonwealth Bank Economiser Discounted Base Variable Loan	Take Advantage of a Low Interest Rate	6.80%	6.94%	$600 / $8	80%	$10,000 / $0
Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate	Commonwealth Bank Special Discounted Base Rate (3 Years)	6.49%	6.77%	$600 / $8	80%	$10,000 / $0
Commonwealth Bank Wealth Package ($150,000 – $250,000)	Wealth Package ($150,000+)	7.06%		$0 / $350	97%	$150,000 / $250,000
Commonwealth Bank Wealth Package ($250,000 – $500,000)	Wealth Package ($250,000 – $500,000)	6.81%		$0 / $350	97%	$250,000 / $500,000
Commonwealth Bank Wealth Package Loan ($500,000 plus)	Wealth Package ($500,000 plus)	6.76%		$0 / $350	97%	$5,000,000 / $0

There are really just a few different types of loans available in Australia, it is the individual lenders who put their own touch on the products, customise their loans with a variety of features, discounts and specialities, so you can choose the combination and the provider for a loan which is easy and affordable to use. At Commonwealth Bank, you can choose from a range of inclusive loan packages:

• Standard variable loan. As the most popular loan product in Australia, Commonwealth Bank have had to put forth a very competitive offer on their standard variable home loan and have an inclusive package, to which you can customise your loan and enjoy features such as redraw to save you time and money. A mortgage loan that offers a variety of features, coupled with a competitively low variable interest rate. This is a home loan that is suitable for owner occupiers as well as property investors, with options such as a 100 percent offset account, a fee free transaction account and a pre-approved credit card.
• Basic variable loan. If you’re not interested in a lot of other features but still want the flexibility of a variable loan, the basic option from Commonwealth might be for you. This mortgage loan charges no up-front or ongoing fees for the entire life of the loan. It is repaid at a variable interest rate with full transparency and flexibility. There are many add-on options for you to choose from that will help you tailor the loan to have it better serve your own particular needs, but if you want to keep it as the simple and affordable loan it is, it is ready to work for you.
• Fixed interest rate loan. Commonwealth Bank can also help you budget for your home loan repayments over 1 to 5 years, 7, 10 or even 15 years with a fixed rate. You can even lock in the rate from the time you apply for your loan to the time it is approved. The fixed interest rate home loan from Commonwealth Bank is perfect for a property investor, with the assurance of being able to budget into the future and plan your finances without having to worry about rising interest rates. This means you will be able to know exactly what your monthly repayments will be when you lock in your interest rate for one, five, seven, 10 or 15 years. There is an establishment fee of $600 and an ongoing monthly fee of $8 to pay.
• VeridianLine of credit. With the opportunity to consolidate all of your debts into a line of credit loan, you can enjoy freedom and flexibility from Commonwealth, as you don’t need to make set principal repayments. This is an all-in-one home loan that will allow you to consolidate all your finances into the one package and put you in control of your equity. With the Veridian Line of Credit mortgage loan you will be able to handle your home loan, daily transactions and savings all in the one place. If you use these features to your advantage you will be able to pay your loan off much faster than you had originally thought because the funds from your savings and income are directly offset against your principle loan amount each day they sit in your account waiting to be used.
• Introductory offers. Commonwealth Bank home loan customers buying a new home or an investment property can find such an undertaking very expensive. To help make things that little bit easier the bank offers all new customers a low introductory rate for the first 12 months. You will have a choice of accepting the 12 month discounted variable interest rate, or a one year guaranteed interest rate set at the one level for that period. This loan also carries with it a six month pre-approval so you have time to find your dream home, a choice of either fixed or variable interest rates for security or flexibility, a loan term of up to 30 years for affordable repayments and a flexible repayment option so you can match your repayments to your income cycle.
• Reverse mortgage. Commonwealth Bank gives you the chance to unlock all of the hard work you have poured into your home to enjoy your retirement and will ensure you don’t borrow more than the value of your home, so you can avoid negative equity.
• Customise with loan packages. Depending on how much you borrow you can add loan packages which include an offset account, a fee free credit card or a deposit guarantee to make securing your dream home easier even if you can’t provide a deposit on the spot.
• Investment loan options. You can customise each Commonwealth Bank home loan to become an investment loan and choose interest only repayments, or stick with principal and interest charges. You can also choose to pay your interest in advance to reap tax benefits sooner, and if you pay your year’s interest before 30 June, you can also receive a discounted interest rate.

Featured Commonwealth Bank Fixed Rates

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
Commonwealth Bank 1 Year Guaranteed Rate	An interest rate guaranteed to stay protected from rates rises for 12 months	6.33%	7.57%	$600 / $8	80%	$10,000 / $0
Commonwealth Bank Fixed Rate Home – 5 Year Fixed Rate	A low interest rate that wont shift over time	6.89%	7.26%	$600 / $8	97%	$20,000 / $1,000,000

Commonwealth Bank realises that buying your first home can sometimes be a daunting experience. However, when you work with the Commonwealth Bank home loans staff, you will have friendly, exert advice to help you understand the process and prepare you for what needs to be done.

Plus, if you already have a mortgage but you think there could be a better deal out there, you can refinance to a Commonwealth Bank home loan. Even if you’re not sure what is involved in the refinancing process, or whether making the move is worthwhile in your situation, you will find staff willing to help you make the decision, process the switch and potentially save you tens of thousands of dollars over the life of the loan.

Even if you are planning to build your own home, or carry out renovations, as Australia’s largest home loan lender, Commonwealth Bank Home Loans will be able to give you the right options designed specifically for the project you have in mind. Self-employed borrowers can often find it hard to comply with the documentation that is required when making a home loan application, but Commonwealth Bank has made this task much easier with their low doc home loan options.

If you want to find out more about the benefits of working with one of the most affordable and friendly of the big four banks in Australia, start by comparing the range of Commonwealth Bank home loans.

Related Resources

• Commonwealth 12 Month Discounted Variable Rate
  As one of the top four banks, Commonwealth has delivered some market leading home loan products in recent years. Make the transition from renting to buying easier with a 12 month introductory rate from Commonwealth Bank.
• Commonwealth Bank 1 Year Guaranteed Rate
  With many borrowers facing uncertainty with ongoing rate rises, you can ensure your repayments remain the same for a period of 12 months. Discover more of the features available from the Commonwealth Bank 1 Year Guaranteed Rate Loan.
• Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate
  To get the home of your dreams you will need to ensure you get a great home loan with low interest rates and features that will help you manage your account. The Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan offers all of this and more. Read this article to find out more.
• Commonwealth Bank Complete Home Loan Standard
  If your looking for a basic loan that's not going to weigh you down with a pack of unwanted expensive features, then the Commonwealth Complete Home Loan Standard may be best option for you. Find out more about the competitive interest rate and low fees on offer from this loan.
• Commonwealth Bank Economiser Discounted Base Variable Loan
  Having the flexibility to adjust the way you pay your loan is very important. The Commonwealth Bank Economiser Home Loan gives you this flexibility while providing you with a great interest rate so you can be sure you have a great loan.
• Commonwealth Bank Five Year Fixed Loan
• Commonwealth Bank Interest In Advance Fixed Rate Investment Home Loan
  The Commonwealth Bank Interest In Advance Fixed Rate Investment Home Loan gives you a great fixed rate home loan which will let you move into your new home with as little stress as possible. Read this article to find out more.
• Commonwealth Bank No Fee Variable Rate Home Loan
  There are so many different types of loans available today. Things are so confusing with many of the loans that are available. If you're tired of the runaround and want clarity for a change, it's time to consider the Commonwealth Bank no fee variable rate home loan for your mortgage.
• Commonwealth Bank Three Year Fixed Loan
• Commonwealth Bank Viridian Line of Credit
  Are you tired of managing the different loans? By consolidating your loans under the Commonwealth Bank Viridian Line of Credit home loan you can make managing your account easier and save money on account keeping costs. Read this article to find out more.
• Commonwealth Bank Wealth Package ($150,000-$250,000)
  Some providers offer extra packages that reduce the amount you pay on a loan. The Commonwealth Bank Wealth Package ($150,000-$350,000) gives you a great loan package with loads of discounts and free features. Read this article to find out more.
• Commonwealth Bank Wealth Package ($250,000-$500,000)
  If you are borrowing a lot of money you can save money by doing it all with the one lender. The Commonwealth Bank Wealth Package ($350,000-$750,000) offers you interest rate discounts and other concessions if you borrow from $350,000 to $750,000. Read this article if you would like to find out more.
• Commonwealth Bank Wealth Package Loan ($500,000 plus)
  If you are planning on borrowing over $750,000 you may want to look at the discounts you can receive on the Commonwealth Bank Wealth Package ($750,000 plus). Read this article to find out more.

Related Posts

• Commonwealth Bank Equity Unlock
  Whenever you want to add some extra comfort to your retirement, a great way to handle this situation would be to use the equity opportunity provided to you by Commonwealth. The program known under the name of Equity Unlock for Seniors will always help you in this situation and you will start seeing some major changes in your lifestyle right away.
• Your Home Loan Eligibility
  The Commonwealth Bank home loans low doc service give self employed and business owner home buyers the opportunity to buy their own home with traditional home loans that are available to other home buyers, except that certain financial requirements have been relaxed and there is improved flexibility in making repayments.
• Home Renovation with a Commonwealth Bank Home Loan
  Major renovation work is a big undertaking and you must be certain you want to go ahead before starting rather than find later it is beyond your capabilities. Commonwealth Bank home loans can help you with your renovation project as well as moving home if that is your preferred option.
• Your Equity Investment Property
  So you have made up your mind to invest in property as a means to increase your wealth. You must now find out how much you can borrow with Commonwealth Bank home loans and put your highly researched planning strategy to work.
• Equity Growth
  You have many options open to you on how you can build equity faster on your Commonwealth Bank home loans financed home. Once you have achieved this goal it opens up further options on how best to use that equity.
• Your Current Home Loan Situation
  Refinancing can be of great assistance in helping you adapt your existing Commonwealth Bank home loans to your changed situation as well as the refinancing of your existing loans to more suitable Commonwealth Bank home loans. Whichever refinancing option you adopt it must be you that remains the main beneficiary.
• Protecting your wealth
  If you are in the business of creating wealth through the taking out of Commonwealth Bank home loans to finance your investment properties you must protect that wealth by minimizing any losses you are exposed to from all directions whether it be economic, structural or human.
• CBA Loan Options for the Self Employed
  Commonwealth Bank home loans have made it possible for the self employed and business owners to buy their own home with help from its existing variety of home loans by making the documentation requirements more flexible and reflective of how such customers earn their income.
• Negative Gearing Tax Implications with a Commonwealth Bank Home Loan
  Negative gearing and taxation work well together for those who can afford to take the risk, for others, property investment financed through Commonwealth Bank home loans are safer when positively geared, as the profit earnings are always more visible and you will be better able to withstand any un-foreseen economic downturn.
• Property Investment Growth
  By diversifying your portfolio you can develop your wealth creating opportunities while at the same time reducing your level of risk. Commonwealth Bank home loans will get you started with your first investment in property, from there you can diversify your further investments as your equity build up allows.
• Benefits of refinancing with Commonwealth Bank
  Commonwealth Bank home loans will take into account your wider financial needs before assisting you into making any decision regarding your wish to refinance into a more suitable home loan. A new home loan that better suits your lifestyle and not restricts it.
• Accessing Your Mortgage Repayments
  It is a comfortable feeling to be able to deposit additional money into your Commonwealth Bank home loans when you are able to do so. It is equally comfortable knowing that the extra money can be redrawn for a special purpose should you need to access the additional repayments.
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