CBA Bank

CBA Bank

The Commonwealth Bank of Australia (CBA), or CommBank, is one of the largest home loan lenders in Australia. CommBank offers a range of premium business services and is popular amongst overseas investors.

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As an Australian expat, see what home loans are available for you at CommBank.

Basic Fixed-Rate Home Loan

Always know exactly how much your repayments will be with a locked-in rate for 1 year at CommBank. Expats are protected from interest rate rises during the fixed term. 

CommBank’s fixed-rate home loan comes with a Wealth Package that gives buyers access to interest rate discounts.

Rates start at 2.69% 1-year fixed for investment property and 2.19% 1-year fixed for owner-occupier buyers.

Standard Variable-Rate

CommBank offers a variable rate home loan with a range of extra features for those looking for more flexibility.

Expats can benefit from unlimited additional repayments, redraws, and an option to split the loan. The Wealth Package attachment is also available with a variable-rate home loan.

Variable interest rates at CommBank are 3.15% for investors and 2.69% for owner-occupiers. These are subject to change if you purchase with a Wealth Package.  

Extra Home Loan Package

Buyers can access a basic loan with a variable rate for the life of the loan. Expats can buy with confidence and save on as both establishment fees and monthly loan service fees are waived.

The Wealth Package is not available with this type of loan, but buyers can still redraw additional repayments and split the loan.

Minimum new borrowings of $10,000 with a variable interest rate starting at 2.29%.

Pros and Cons

Take a look at the pros and cons of CommBank’s home loans.

Pros Cons
Available to expats buying serviced apartments, company title units, and even properties in rural areas.
When assessing the borrowing power of expats, Australian income taxes will be applied to foreign income.
Free features are available for buyers such as redraw facility and split loans options.
Tougher servicing assessments for foreign income applications.
Market-leading interest rates and mobile banking platform in Australia.
A policy-driven lender that will require expat borrowers to meet all set criteria.
Commbank showcases the largest Australian ATM and branch network.

Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Pros Cons
Westpac accepts the majority of foreign currency income.
Australian income tax rates are applied to foreign income.
Open to adjusting loan on complicated scenarios.
Maximum Loan Value Ratio (LVR) of 70%.
Free features are available for customers like offset accounts and redraw facilities.
Does not accept refinance applications, if you wanted to refinance to Westpac from a different financial institution

Mortgage Features

Here are the main features of CommBank’s mortgage packages.

Feature Details
Deposit Size
CommBank requires a 30% deposit from expats.
Waived Fees
When taking out an Extra Home Loan, buyers don’t need to pay establishment fees or monthly service fees.
Repayment Options
CommBank lets customers increase their repayments to reduce interest and pay off their home loans sooner.
Package Benefits
Borrowers can benefit from a Wealth Package that allows access to discounted interest rates.
Interest Rates (Investment)
Rates will change if you’re investing in Australian property. CommBank offers a basic variable rate of 3.15% and fixed rates of 1-year 2.69% and 5-year 3.09%.
Expat Information
Expats can borrow 70% of the property value to purchase a house overseas. Interest rates and other fees are the same as regular home loans on offer to those living in Australia.

Mortgage Features

Foreign income is assessed by Australian tax income rates.

Buyers can link credit cards and savings accounts to their home loans.

CommBank packages allow customers to save on products and fees and access special discounts.

Expats can access the same rates as those living in Australia.

How Do I Apply?

When applying for a home loan at CommBank, you will need to meet the eligibility criteria and have various documents ready.


  • Buyers don’t need to have any previous products with CommBank.
  • Australian citizen living nationally or abroad.
  • Over the age of 18

Documents required

When you apply for a home loan with CommBank, you are required to provide a number of documents.

Form of Identification

Passport, driver licence, birth certificate etc.


Bank account statements showing three months of salary income.

Financial Position

Assets like shares and vehicles, liabilities such as credit card limits and living expenses.

Property Details

Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Other Related Products

Viridian Line of Credit

The Viridian Line of Credit ensures borrowers have credit available, with interest charged only on the actual amount used. It’s a loan that only charges you interest on the amount you use.

The borrower would be required to pay an upfront establishment fee of $600 and a monthly loan service fee of $12 unless they have a Wealth Package

CommBank Green Loan

Borrowers with an eligible CommBank home loan or investment home loan can use the CommBank Green Loan to buy and install eligible clean energy products to their property.

The loan is to be repaid over a 10-year period, with the minimum loan amount being $5,000 and the maximum $20,000. 

More home loan questions

CommBank offers a number of different features on their home loan including offset accounts, redraw facility, and waived fees.  For example, with a Wealth Package attachment, buyers can access discounted interest rates.  Wealth Packages can be attached to both fixed and variable-rate home loans.

Yes.  Australians living abroad can secure a home loan with CommBank.  As an Australian expat, you can borrow up to 70% of the property value at CommBank.  If you’re a buyer living overseas, you can still benefit from the same home loans that are available to those living in Australia.

CommBank offers a range of different interest rates in vicarious products. With CommBank fixed-rate home loans, buyers can access 1-year fixed will have an interest rate of 2.99%.  The variable-rate interest rate at CommBank is 2.69%.