2 year fixed rate Home Loan

Keep your budget on track with competitive fixed rates and a range of repayment options.
Category: Home Loans  Last Updated August 9, 2021  Effective December 31, 1999

 General Lending Rates

Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information Owner Occupied with Principal and Interest repayment type with Wealth Package
Interest Rate
1.99%PA
Comparison Rate
3.94%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..
  BALANCE
Minimum: $150000.00 Maximum: $99999999.00
  • Lending Rate Type: Fixed
  • Interest Rate: 1.99%, Comparison Rate 3.94%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  • Lending Rate Type: Fixed
  • Interest Rate: 3.54%, Comparison Rate 4.51%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  BALANCE
Minimum: $150000.00 Maximum: $99999999.00
  • Lending Rate Type: Fixed
  • Interest Rate: 3.39%, Comparison Rate 4.17%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied

 Product Features

  • Other Additional Information: If the fixed interest rate changes between the disclosure date on your loan contract and the loan funding date, the applicable fixed interest rate on your loan will be the rate at the date of your loan funding - which could be a higher (or lower) rate. If you request we can rate lock your fixed interest rates prior to the loan being funded, for a non-refundable fee. If we agree, we'll lock your fixed interest rates for 90 days from the date we process your rate lock request and the interest rates on your loan won't change for your elected fixed rate period. You can ask us to break the rate lock (for example, if rates go down) and revert to the rates available on the funding date.
  • Other Additional Information: You can make additional repayments of up to $10,000 for each year of your fixed rate loan, without incurring additional charges. Excluding Interest in advance periods. Administrative Fee and an Early Repayment Adjustment (ERA) may apply. See the 'Additional repayments' section in the Fixed Rate Home Loan fact sheet for more details.
  • Redraw Additional Information: Redraw is not available during a fixed rate period. However, if you do make additional repayments during a fixed rate period, or had available redraw when you entered your fixed rate period, the redraw feature will become available at the expiry of the fixed rate. The amount available is adjusted so that at the end of your agreed loan term, both your loan balance and the available redraw will be zero.
  • 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. However it's important to know that a top up would break your fixed rate contract and Administrative Fee and an Early Repayment Adjustment (ERA) may apply. Please contact us to discuss this. They are not permitted during the Interest in Advance period.
  • 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. You may be charged an Administrative Fee and Early Repayment Adjustment if you switch out of your fixed rate loan.
  • 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. You may be charged an Early Repayment Adjustment fee if you split your fixed rate loan.
  • Other Additional Information: Enjoy interest rate discounts, no establishment fees and no monthly loan service fees for eligible home loans, and no annual fee on one eligible credit card. To receive these benefits you must qualify for the Wealth Package and have an initial package lending balance of at least $150,000 when you apply for a package.
  • 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 is 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.
  • Offset Additional Information: Offset accounts are not available during a fixed rate term.
  • 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 or business 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) and personal needs (e.g. home renovations, consolidation of personal debt and personal investments).
  • Other Additional Information: This loan cannot be used for business purposes, bridging loans, off the plan purchases and building/construction purposes
  • Other Additional Information: At Maturity of the fixed term, the Fixed Rate Home loan will switch to SVR Home loan and the interest rate will revert to the SVR Rate applicable to your loan and repayment type.
  • 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 10000.00 Additional Information: For a Fixed Rate Loan, there is a minimum loan amount of $10,000 for new loans.

 Document Downloads

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