Standard Variable Rate Home Loan (Owner Occupied)
A competitive variable rate home loan with access to offset and an extensive range of features.
- From (owner occupied)
- 6.34%
- 6.72% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Discount Digi Pricing Campaign adjustment: At least 10bps off the advertised LVR-tiered price guarantee for eligible new accounts. · Minimum lending amount must be greater than $150,000. | 0.1% | — | — |
| Variable Owner Occupied - Principal and Interest repayment type with Package | 6.34% | 6.72% | BALANCELVR |
| Variable Owner Occupied - Principal and Interest repayment type with Package | 6.39% | 6.77% | BALANCELVR |
| Variable Owner Occupied - Principal and Interest repayment type with Package | 6.49% | 6.87% | BALANCELVR |
| Variable Owner Occupied - Principal and Interest repayment type with Package | 6.79% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Settlement Fee $150 if the disclosure date in the contract is before 03/02/12. Payable regardless of whether we attend settlement or not, when the Bank or our representatives, arranges the funding of the loan. | Event | $200.00 |
| Settlement Cheque Fee Payable if you require additional cheques (more than two) to fund / settle the loan. Fee applied per cheque. | Event | $30.00 |
| 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 charge the fee monthly until you repay all arrears or you enter into an arrangement with us for the full repayment of those arrears (even if you repay your loan weekly or fortnightly). If you break that arrangement the fee will continue to apply. | Late payment | $20.00 |
| 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. | Event | $350.00 |
| 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 another loan. Fee is applied per 'new' security. |
Features
- Redraw facility
- Your home loan comes with a fee-free redraw facility. You can make unlimited additional repayments at any time with no fees or penalties. You can access any additional money you pay, over and above your minimum required repayment.
- Offset account
- An Everyday Offset account is a transaction account that's linked to your Standard Variable Rate home loan or Investment home loan. Any money you put into your Everyday Offset account (e.g. your salary and savings) - whether its $2 or $20,000 - reduces the balance on which we charge interest. This means you'll only be paying interest on the difference. You can have multiple Everyday Offset accounts linked to one home loan. Only available for individual borrowers, not companies or trusts.
- 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 Standard Variable Rate to a Fixed Rate home loan or switch from Principal and Interest repayments to Interest Only payments.
- Ability to split your loan balance into multiple loan accounts to take advantage of both fixed and variable rate home loans. This gives you the flexibility to structure your home loan to suit your individual needs by choosing the loan amount, loan type, loan term and repayment structure for each loan.
Eligibility
- Individuals only
- Business customersNon-trading Companies and/or Family/Unit/Hybrid Trusts.
- Minimum age — 18 yearsIndividuals (natural persons, including as Trustee of a Family Trust) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
- Applications for home loans are subject to the Bank's normal credit approval.
- Residency status — CITIZEN, PERMANENT_RESIDENTIndividuals must either be living in Australia as an Australian citizen, New Zealand citizen, Australian permanent resident or specified temporary Australian resident; or be an overseas citizen co-borrowing with an Australian citizen or Australian permanent resident or be living overseas as an Australian citizen or Australian permanent resident.
Constraints
- Opening balance — $10,000.00Minimum loan $10,000 - subject to your loan purpose, equity in your property and our approval
- Minimum limit — $250,000.00Depending on your circumstances and loan purpose, a minimum post bridging debt of $250,000 may apply
- Maximum LVR — 95%The total LVR for an existing and/or new Standard Variable Rate Home Loan cannot exceed 95% (subject to any postcode restrictions)
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID f1d6fcc359804f3c9365d576c56356fc · View on CDR.gov.au