CommBankSimple Home Loan (Owner Occupied)
A simple home loan with a competitive variable rate and the choice to access two Everyday Offset Accounts.
At a glance
- Variable (owner occ. P&I)
- 6.59%6.73% comparison
- Max LVR
- 95%
- Annual fee
- $120
- Features
- offset, redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.74% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 81st lowest of 104, level with 3 others |
Rates
Every rate CommBank publishes for this home loan, 9 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤60%6.59%
- 60–70%6.64%
- 70–80%6.74%
- 80–90%7.04%
- 90–95%7.99%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| DiscountDigi Pricing Campaign adjustment: At least 10bps off the advertised LVR-tiered price guarantee for eligible new accounts. | Owner occupied, P&I | - | - | 0.10% | - | Minimum lending amount must be greater than $150,000.; Not limited to online-only; also available through other channels |
| VariableOwner Occupied with Interest Only payment type | Owner occupied, Interest only | - | ≤60% LVR | 7.08% | 6.94% | - |
| VariableOwner Occupied with Interest Only payment type | Owner occupied, Interest only | - | 60–70% LVR | 7.13% | 6.99% | - |
| VariableOwner Occupied with Interest Only payment type | Owner occupied, Interest only | - | 70–80% LVR | 7.23% | 7.09% | - |
| VariableOwner Occupied with Principal and Interest repayment type | Owner occupied, P&I | - | ≤60% LVR | 6.59% | 6.73% | - |
| VariableOwner Occupied with Principal and Interest repayment type | Owner occupied, P&I | - | 60–70% LVR | 6.64% | 6.78% | - |
| VariableOwner Occupied with Principal and Interest repayment type | Owner occupied, P&I | - | 70–80% LVR | 6.74% | 6.88% | - |
| VariableOwner Occupied with Principal and Interest repayment type | Owner occupied, P&I | - | 80–90% LVR | 7.04% | 7.18% | - |
| VariableOwner Occupied with Principal and Interest repayment type | Owner occupied, P&I | - | 90–95% LVR | 7.99% | 8.13% | - |
Rate changes
8 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, Owner occupied, Interest only, ≤60% LVR | 6.83% | 7.08% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 60–70% LVR | 6.88% | 7.13% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 70–80% LVR | 6.98% | 7.23% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, ≤60% LVR | 6.34% | 6.59% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 60–70% LVR | 6.39% | 6.64% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 70–80% LVR | 6.49% | 6.74% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 80–90% LVR | 6.79% | 7.04% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 90–95% LVR | 7.74% | 7.99% | up 0.25 |
Each change is logged the night it appears in the rates CommBank publishes. See how every lender answered the RBA on the rate tracker.
Fees
13 fees published, grouped by when they're charged.
- When you take it out$300 to $800Establishment Fee
- While you hold it$10 a monthLoan Service Fee
- When you close it or pay it offNo fee published
When you take it out1
- Establishment Fee
$800 establishment fee charged for off the plan purchase for new and existing home loan. $300 establishment fee for home loans excluding off the plan purchases. Establishment fee is payable to cover…
$300 to $800
While you hold it1
- Loan Service Fee
Charged monthly to each Loan Account on the repayment due date.
$10 a month
If a payment is late or fails1
- Late Payment Fee
For home loans - If your account falls into arrears, you will be charged a late payment fee. The fee is payable on the fifth business day after the monthly repayment due date. We will continue to cha…
$20 5 days after it's due
When particular things happen9
- Voucher Fee
$4 per voucher (minimum charge $12) or $60 per hour spent to retrieve voucher(s). Payable if you ask us to retrieve a voucher (i.e. deposit, credit or debit slips) that records a transaction on the L…
From $12 - Additional Security Fee
Payable if we require you to provide more than one security (i.e. the security used to support the repayment of the loan), and one or more of these securities is 'new' i.e. does not already secure an…
$150 - Security Guarantee Fee
Payable if a guarantor is listed on the loan schedule. Fee is applied per borrower.
$200 - Security Substitution Fee
Payable if you ask us to substitute one of your securities with another.
$300 - Settlement Cheque Fee
Payable if you require additional cheques (more than two) to fund / settle the loan. Fee applied per cheque.
$30 - Settlement Fee (Discharge)
Payable if you discharge the loan, i.e. either sell part or all of the Security Property or refinance your Loan with another credit provider.
$350 - Settlement Fee
Payable regardless of whether we attend settlement or not, when the Bank or our representatives, arranges the funding of the loan.
$200 - Stop Payment Notice Fee
Payable if you ask us to stop payment on a cheque you have written. Fee is applied per request.
$15 - Periodical Payments or Transfers
$1.80 plus transfer fee, bank cheque fee and postage as applicable. Payable if you arrange a periodical payment or ask us to transfer funds.
From $1.80
Other fees1
- Lenders' Mortgage Insurance/Low Deposit Premium
Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) may apply where there is an increased risk associated with a home loan. The circumstances of your loan determine whether a loan will inc…
Varies
Features
- You can apply to top up your home loan by an additional $10,000 or more - subject to equity in your property and our approval.
- Ability to switch your loan or repayment type, for example switching from a Simple Variable Rate to a Fixed Rate home loan or switch from Principal and Interest repayments to Interest Only payments.
- This loan can be used for the purposes of owner occupied property purchases, refinancing your existing home loan, personal needs and personal investments other than cryptocurrency or digital assets a…
- This loan cannot be used for business purposes, purchasing of vacant land, bridging loan and building/construction purposes.
- 1-30 years (Subject to our approval)
Eligibility and limits
- Minimum age 18
- Residency: CITIZEN, PERMANENT_RESIDENT
- Available to individuals
- Amount from $10,000, no maximum
- Maximum LVR 95%
- Minimum balance $1,000
- Applications for home loans are subject to the Bank's normal credit approval.
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Published by CommBank under the Consumer Data Right, last changed by them on 9 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.