Australia's Leading Digital Marketing Experts. T. 1300 235 433  |  Aggregation Enquires Welcome

  Extra Home Loan

A home loan with a low interest rate, low fees and flexible features
Category: Home Loans  Last Updated May 6, 2021  Effective December 31, 1999

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Owner Occupied with Principal and Interest repayment type
Interest Rate
2.69%PA
Comparison Rate
2.7%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  LVR
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.69%, Comparison Rate 2.7%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 80.01 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 3.13%, Comparison Rate 3.14%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 3.25%, Comparison Rate 2.91%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 3.25%, Comparison Rate 2.91%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied

 Product Features

  • Redraw Additional Information: Your loan comes with a repayment redraw facility. Giving you access to additional repayments you made that put you ahead of your loan repayment schedule.
  • Other Additional Information: Through a top up you can borrow an additional $10,000 or more - subject to equity held in your property and our approval.
  • Other Additional Information: Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only payments to Principal and Interest repayments. Switching to an Extra Home Loan from another CBA Home/Investment Home Loan product requires a minimum of $150,000 in new borrowings at the time of the switch.
  • Other Additional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.
  • Other Additional Information: 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 incur LMI or LDP. They are a one-off non-refundable, non-transferable cost added to the total loan amount. The LMI premium is not a bank fee or an establishment fee. The LDP is a bank fee and not an establishment fee.
  • Other Additional Information: Additional repayments can be made at any time. No fees apply.
  • Offset Additional Information: Not available.
  • Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
  • Other Additional Information: A guarantor is someone who agrees to be responsible for repaying a debt owed to us under a loan provided to another individual if the borrower (or borrowers) cannot make their repayments. A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require.
  • Other Additional Information: This loan can be used for the purposes of owner occupied property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial), personal needs (e.g. home renovations, consolidation of personal debt and personal investments), off the plan purchases and building/construction purposes.
  • Other Additional Information: This loan cannot be used for bridging loans and business purposes.
  • Other Additional Information: For eligible owner occupied home loans, Home Loan Compassionate Care is complimentary protection that helps support you by paying your home loan repayments for around 12 months if you, your spouse or dependant passes away or is medically certified with a terminal illness. Please refer to Home Loan Compassionate Care guide for more information.
  • Other Additional Information: 1-30 years

 Limitations & Restrictions (Constraints)

  • Opening Balance of 150000.00 Additional Information: For an Extra Home Loan with a life of loan discount, there is a minimum loan amount of $150,000 for new borrowings on existing CBA Home/Investment home loans.
  • Opening Balance of 10000.00 Additional Information: For an Extra Home Loan with a life of Loan discount, there is a minimum loan amount of $10,000 for new loans.

 Document Downloads

Like this mortgage product?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest