Commonwealth Bank
★ 4.0 / 5
big4 · Est. 1911 · HQ NSW · ABN 48 123 123 124
Australia's largest home loan lender by book; comprehensive product range, branch network in every state.
Pros & cons
Pros
- Largest branch network in AU
- NetBank app rated highly
- Wide loan-product range
Cons
- Headline rates rarely the lowest
- Long approval times for complex applications
Commonwealth Bank home loan products
| Product | Type | Rate | Comp. rate | Features |
|---|---|---|---|---|
| 2-Year Fixed | fixed 2yr | 5.94% | 6.42% | extra repay |
| Wealth Package Variable | variable | 6.04% | 6.44% | offset, redraw, package, extra repay |
| Standard Variable Rate | variable | 6.49% | 6.64% | offset, redraw, extra repay |
Indicative monthly repayment on a $500,000 loan over 30 years at Commonwealth Bank's lowest rate (5.94% p.a.): $2,978/month. Run a full comparison on our repayment calculator.