Commonwealth Bank Home Loans – Australia’s Leading Lender

Types of Commonwealth bank home loans

As one of Australia’s Big Four banks, Commonwealth Bank (CBA) offers a wide range of loans for first-home buyers, refinancers and investors. Understanding the main options helps you choose the right fit for your goals and risk profile. Main CBA loan types:

• Standard variable rate: Flexible with extra repayments and redraw, but rates can rise or fall.

• Fixed rate: Locked rate for 1–5 years, offering repayment certainty.

• Split loan: Combines fixed and variable components for stability and flexibility.

• Specialised loans: Include low-deposit and equity line-of-credit options.

A HeyNest broker can compare CBA’s products with other lenders to see which option delivers the best overall value.

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Key features and flexibility

Beyond the rate, CBA home loans include features that can save money and improve flexibility. Evaluating these helps ensure your loan suits your financial strategy. Core features:

• Offset account: Reduces interest by offsetting your loan balance.

• Redraw facility: Access extra repayments anytime.

• Extra repayments: Pay off your loan faster without penalty.

• Portability: Transfer your loan to a new property when you move.

While CBA offers strong features, a HeyNest broker can find comparable or better-featured loans elsewhere, often at lower cost.

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Access to many lenders

Compares and negotiates the best market rates for you.

Dedicated, personalized guide every step of the way.

Only offers their own limited products.

Standard, often non-negotiable in-house rates.

Standardized service; often no single dedicated contact.

Interest rates and fees

Interest rates and fees determine the real cost of any CBA loan. Alongside standard rates, CBA offers discounted package rates and broker-exclusive deals for eligible borrowers. What to check:

• Comparison rate: Reflects the true annual cost, including fees.

• Package fees: Annual fees may offset discounts, calculate carefully.

• Establishment and discharge fees: Upfront and exit costs to note.

A HeyNest broker understands CBA’s lending policies and current promotions, comparing them against other lenders to secure the most competitive and transparent deal for your situation.

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Frequently asked questions

Do I need a broker to get a Commonwealth Bank home loan?

No, but a broker can often access the same rates and help you compare CBA options against the broader market easily.

What is the minimum deposit required by Commonwealth Bank?

Typically, a 5% deposit is required, but you will also need to cover other costs like LMI and stamp duty.

Are Commonwealth Bank's rates negotiable?

Yes, rates are often negotiable, especially for strong applications. A broker is well-positioned to handle this negotiation on your behalf.