CommBank Home Loans & Rates Comparison

RATE OF THE DAY

Variable

5.84%

Comparison Rate*

5.97%

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CommBank’s best home loan rates

Compare some of CommBank's best variable and fixed home loan rates for owner occupiers and investors.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

5.84%

Interest Rate

5.97%

Comparison Rate

6.49%

Interest Rate

8.06%

Comparison Rate

6.34%

Interest Rate

7.89%

Comparison Rate

6.59%

Interest Rate

7.83%

Comparison Rate

6.64%

Interest Rate

7.75%

Comparison Rate

6.79%

Interest Rate

7.73%

Comparison Rate

Owner occupier loans with principal and interest repayments. Rates assume 60% LVR.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

5.94%

Interest Rate

6.07%

Comparison Rate

6.54%

Interest Rate

8.57%

Comparison Rate

6.39%

Interest Rate

8.35%

Comparison Rate

6.64%

Interest Rate

8.24%

Comparison Rate

6.84%

Interest Rate

8.17%

Comparison Rate

6.99%

Interest Rate

8.12%

Comparison Rate

Investment loans with principal and interest repayments. Rates assume 60% LVR.

CommBank variable home loan rates

CommBank offers three different variable rate home loans, each offering different levels of inclusions and LVR options.

Digi Home Loan

This is an online-only loan with a variable rate and an eye-catching Qantas Points offer of up to 300,000 for eligible new customers (points earned depends on loan balance). There’s an offset option (fee applies), unlimited extra repayments and a redraw facility.

Product	Interest rate	Comparison rate
Digi Home Loan up to 60% LVR	5.84% p.a.	5.97% p.a.
Digi Home Loan 60-70% LVR	5.87% p.a.	6.00% p.a.
Digi Home Loan 70-80% LVR	5.89% p.a.	5.79% p.a.

The Digi Home Loan has lower fees than CommBank’s other loans, with the main fees to consider being:

$300 upfront establishment fee
$10 monthly loan service fee
$10 monthly offset feature fee (optional)

CommBank Simple Home Loan

CommBank’s Simple Home Loan is its most straightforward variable rate product, with an offset option, ability to make unlimited extra repayments with redraw, plus an interest-only option (higher rates apply). It’s also available to borrowers with higher LVRs versus the Digi Home Loan.

Product	Interest rate	Comparison rate
Simple Home Loan up to 60% LVR	6.09% p.a.	6.34% p.a.
Simple Home Loan 60-70% LVR	6.14% p.a.	6.39% p.a.
Simple Home Loan 70-80% LVR	6.24% p.a.	6.49% p.a.
Simple Home Loan 80-90% LVR	6.54% p.a.	6.79% p.a.
Simple Home Loan 90-95% LVR	7.49% p.a.	7.73% p.a.

The main fees for CommBank’s Simple Loan include:

$300 upfront establishment fee (waived if you apply online, with a CommBank lender or your broker)
$20 monthly loan service fee
$10 monthly offset feature fee (optional)

CommBank Standard Variable Home Loan

CommBank’s Standard Variable Home Loan comes with a discounted interest rate if you get the Wealth Package (annual fee applies). The loan also comes with offset, a split option, redraw and the option to go interest-only.

Product	Interest rate	Comparison rate
Standard Variable Home Loan up to 60% LVR	6.09% p.a.	6.47% p.a.
Standard Variable Home Loan 60-70% LVR	6.14% p.a.	6.52% p.a.
Standard Variable Home Loan 70-80% LVR	6.24% p.a.	6.62% p.a.
Standard Variable Home Loan 80-90% LVR	6.54% p.a.	6.92% p.a.
Standard Variable Home Loan 90-95% LVR	7.49% p.a.	7.86% p.a.

The main fees for CommBank’s Standard Variable Home Loan include:

$395 Wealth Package fee per year

CommBank fixed home loan rates

CommBank offers a single fixed rate home loan option with a discounted rate through its Wealth Package (annual fee applies). There’s also the option to split the rate between fixed and variable

Duration	Interest rate	Comparison rate
One Year	6.19% p.a.	7.81% p.a.
Two Years	6.04% p.a.	7.64% p.a.
Three Years	6.29% p.a.	7.58% p.a.
Four Years	6.34% p.a.	7.49% p.a.
Five Years	6.49% p.a.	7.46% p.a.

The main fees for CommBank’s Fixed Rate Home Loan include:

$395 Wealth Package fee per year
$750 if you want to lock your fixed rate at time of application

CommBank variable investment home loan rates

CommBank offers the same suite of variable home loans to investors with different rates applying

Digi Home Loan - investment

Product	Interest rate	Comparison rate
Digi Home Loan up to 60% LVR	5.94% p.a.	6.07% p.a.
Digi Home Loan 60-70% LVR	5.99% p.a.	6.12% p.a.
Digi Home Loan 70-80% LVR	6.04% p.a.	6.17% p.a.

CommBank Simple Home Loan - investment

Product	Interest rate	Comparison rate
Simple Home Loan up to 60% LVR	6.29% p.a.	6.54% p.a.
Simple Home Loan 60-70% LVR	6.34% p.a.	6.59% p.a.
Simple Home Loan 70-80% LVR	6.44% p.a.	6.69% p.a.
Simple Home Loan 80-90% LVR	6.79% p.a.	7.04% p.a.
Simple Home Loan 90-95% LVR	7.59% p.a.	7.83% p.a.

CommBank Standard Variable Home Loan - investment

Product	Interest rate	Comparison rate
Standard Variable Home Loan up to 60% LVR	6.29% p.a.	6.67% p.a.
Standard Variable Home Loan 60-70% LVR	6.34% p.a.	6.72% p.a.
Standard Variable Home Loan 70-80% LVR	6.44% p.a.	6.82% p.a.
Standard Variable Home Loan 80-90% LVR	6.79% p.a.	7.17% p.a.
Standard Variable Home Loan 90-95% LVR	7.59% p.a.	7.96% p.a.

CommBank fixed investment home loan rates

CommBank’s fixed home loan rates for investors also come with a rate discount if you sign up on the Wealth Package ($395 annual fee applies).

Duration	Interest rate	Comparison rate
One Year	6.24% p.a.	8.32% p.a.
Two Years	6.09% p.a.	8.10% p.a.
Three Years	6.34% p.a.	7.98% p.a.
Four Years	6.54% p.a.	7.91% p.a.
Five Years	6.69% p.a.	7.86% p.a.

CommBank variable interest-only home loan rates for owner occupier

Digi Home Loan - interest-only

Product	Interest rate	Comparison rate
Digi Home Loan up to 60% LVR	6.33% p.a.	6.17% p.a.
Digi Home Loan 60-70% LVR	6.36% p.a.	6.20% p.a.
Digi Home Loan 70-80% LVR	6.38% p.a.	6.22% p.a.

CommBank Simple Home Loan - interest-only

Product	Interest rate	Comparison rate
Simple Home Loan up to 60% LVR	6.58% p.a.	6.53% p.a.
Simple Home Loan 60-70% LVR	6.63% p.a.	6.58% p.a.
Simple Home Loan 70-80% LVR	6.73% p.a.	6.68% p.a.

CommBank Standard Variable Home Loan - interest-only

Product	Interest rate	Comparison rate
Standard Variable Home Loan up to 60% LVR	6.58% p.a.	6.65% p.a.
Standard Variable Home Loan 60-70% LVR	6.63% p.a.	6.70% p.a.
Standard Variable Home Loan 70-80% LVR	6.73% p.a.	6.80% p.a.

CommBank’s fixed interest-only home loan rates for owner occupiers

Duration	Interest rate	Comparison rate
One Year	6.59% p.a.	7.85% p.a.
Two Years	6.44% p.a.	7.71% p.a.
Three Years	6.74% p.a.	7.70% p.a.
Four Years	6.79% p.a.	7.64% p.a.
Five Years	6.89% p.a.	7.63% p.a.

CommBank’s variable interest-only home loan rates for investors

Digi Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate
Digi Home Loan up to 60% LVR	6.20% p.a.	6.17% p.a.
Digi Home Loan 60-70% LVR	6.25% p.a.	6.22% p.a.
Digi Home Loan 70-80% LVR	6.30% p.a.	6.27% p.a.

CommBank Simple Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate
Simple Home Loan up to 60% LVR	6.55% p.a.	6.63% p.a.
Simple Home Loan 60-70% LVR	6.60% p.a.	6.68% p.a.
Simple Home Loan 70-80% LVR	6.70% p.a.	6.78% p.a.
Simple Home Loan 80-90% LVR	7.05% p.a.	7.13% p.a.

CommBank Standard Variable Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate
Standard Variable Home Loan up to 60% LVR	6.55% p.a.	6.75% p.a.
Standard Variable Home Loan 60-70% LVR	6.60% p.a.	6.80% p.a.
Standard Variable Home Loan 70-80% LVR	6.70% p.a.	6.90% p.a.
Standard Variable Home Loan 80-90% LVR	7.05% p.a.	7.25% p.a.

CommBank’s fixed interest-only home loan rates for investors

Duration	Interest rate	Comparison rate
One Year	6.34% p.a.	8.33% p.a.
Two Years	6.19% p.a.	8.11% p.a.
Three Years	6.49% p.a.	8.02% p.a.
Four Years	6.64% p.a.	7.94% p.a.
Five Years	6.74% p.a.	7.87% p.a.

How competitive are CommBank’s home loan rates?

CommBank’s home loan rates are relatively competitive, but much more so when you look at variable rates and less so on fixed rates. Its Digi Home Loan is particularly competitive versus the other major banks and not a million miles of the market leaders for variable rates overall.

Commbank’s fixed rates are generally less competitive, partly because it does not have banded interest rates based on LVR on its fixed rates. It means all borrowers get the same rate, and there’s no rate discount for this with a lower LVR. Other banks do band their rates which means you get lower rates, but generally only for borrowers with a high deposit or high level of equity.

Compare CommBank's home loan rates to the other major lenders:

What are CommBank’s lowest home loan rates?

CommBank’s lowest home loan rate is currently available in its Digi Home Loan for owner occupiers. This is a variable rate loan that’s only available online.

If you’re looking for CommBank’s lowest fixed rate loan, that’s currently available on a two-year fixed term for owner occupiers. Just bear in mind, it's not necessarily going to be one of the lowest home loan rates you'll be able to find overall.

Shopping home loan rates beyond the big banks?

Non-major banks

Think ING, HSBC, Bendigo, Suncorp Bank etc. In terms of products and processes, these will be very similar to the big 4 banks who lead the trends in banking in Australia. But non-major banks often have lower rates and special offers (e.g. refinance cashback) in order to be competitive versus the bigger lenders. The non-major banks are still well-known brands with high-quality online tools systems.

Customer-owned

There are dozens of small member-owned banks and credit unions in Australia. Many are focussed on customers in a particular regional area, or even workers in a certain profession. These lenders often have the lowest rates in the market and personalised customer service, but the eligibility criteria may be more limited and the application process can be slow.

Non-bank lenders

Australian borrowers also have plenty of choice among non-bank home loan providers. Some are mainstream lenders (often online only) offering loans to your typical home loan borrowers. Others specialise in offering loans to cater for specific borrowers and scenarios, such as self-employed borrowers, bad credit borrowers or SMSF loans.

CommBank home loan FAQs

Should I get my home loan from CommBank?

CommBank is Australia’s largest bank and comfortably Australia’s largest home loan provider (followed by Westpac). In other words, a lot of Australian’s choose CommBank for their home loan.

But should you? Maybe, but only if you’ve compared CommBank’s home loan rates against a wide selection of other lenders. In all likelihood CommBank’s rates won’t be the cheapest, but you may still decide that there’s value in being with a major bank that a lot of other borrowers trust, even if you pay a bit more.

In reality, CommBank’s offering in home loans is very similar to other lenders, with similar fees and features. So it comes down to whether their rate stacks up for you and if banking with CommBank is attractive to you overall. A quick chat with a mortgage broker could be worthwhile if you’re not sure. A broker can help you compare CommBank with other lenders based on rates, fees, features and, crucially, what they’re like to deal with as a bank when you’re applying and managing your loan day-to-day.

Is CommBank increasing its home loan rates in 2026?

Yes, CommBank has increased its home loan rates so far in 2026 in line with increases we’ve seen to Australia’s cash rate. The increases have most directly impacted CommBank’s variable rate home loans, but its fixed rates have also risen.

If you are a current CommBank home loan customer, it could be worthwhile checking how CommBank’s rates compare to other lenders now, as the market has likely shifted since you took out your loan initially. Of course, pretty much all lenders have increased their rates this year, but you may still find cheaper options by comparing, particularly if it’s been a while since you last shopped around.

What’s the best CommBank home loan?

No single CommBank home loan will be best for all borrowers, as each loan offers slightly different things. For example, if you’re an existing borrower looking to refinance, CommBank’s Digi Home Loan offers pretty good value. But the minimum LVR for this loan is 80%, meaning if you’re a first-home buyer with a low deposit, you may not be eligible.

How do I apply for a CommBank home loan?

In the majority of scenarios, you can apply for a CommBank home loan entirely online (in as little as 10 minutes). In fact, with its low-rate Digi Home Loan you can only apply online. More specifically, you’ll be prompted to download the CommBank app to apply.

Some exceptions to this include loans with more than two people applying, construction loans or loans to buy a property off-the-plan, or loans held in a trust or supported by a guarantor. In these situations, the process takes place offline.

As a first step, you’ll be assessed for conditional approval, with a lending specialist then following up to take your application through the next steps. These include providing financial documents and ID and confirming how you want your loan structured.

Does CommBank offer home loans as part of the Home Guarantee Scheme?

Yes CommBank is one of the participating lenders in the Australian Governments Home Guarantee Scheme. If you’re applying for a CommBank home loan, mention to the lending specialist that you would like to apply via the scheme.

Can I get an offset account on a CommBank home loan?

you can get an offset account with a CommBank home loan on all of its variable rate loans. You generally don’t pay a higher rate to access an offset facility with CommBank, but on loans that don’t offer it as a standard feature (Digi Home Loan and Simple Home Loan), you’ll need to pay an extra $10 monthly fee for using an offset account.

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