Commonwealth Bank Home Loans: The Full Picture, In Numbers
132 active products. $23B in Q4 2025 new commitments. One in every four new home loans in Australia is written by CBA. This dashboard puts every rate, policy setting, turnaround metric and peer comparison on one page — pulled live from our full lender panel. No fluff, no sales copy. If you want narrative, read our blog; if you want numbers, keep scrolling.
Rate distribution across CBA's 132 products
Product mix by loan purpose
Cheapest Big 4 variable head-to-head
| Bank | Rate | Gap to leader |
|---|---|---|
| ANZ | 5.78% | – |
| Westpac | 5.92% | +0.14% |
| NAB | 5.97% | +0.19% |
| CBA | 5.99% | +0.21% |
Policy fingerprint: CBA vs Big 4 average
Broker-channel turnaround, Q1 2026
CBA rate by LVR band
| LVR | Rate | Premium vs base |
|---|---|---|
| <60% | 5.99% | — |
| 60–70% | 6.03% | +0.04% |
| 70–80% | 6.09% | +0.10% |
| 80–85% | 6.29% | +0.30% |
| 85–90% | 6.44% | +0.45% |
| 90–95% | 6.54% | +0.55% |
The signal in all this data: CBA's headline rate (5.99%) is sharp but narrow. Only 9 of their 132 products actually price at that level, all locked to a specific profile (owner-occupier P&I, above $500k, below 60% LVR). The modal CBA customer is on a 6.40–6.85% product — nearly a full percentage point above the cheapest offering on our panel.
Where CBA genuinely wins: turnaround (9 days beats every Big 4), DTI flexibility (7.0x helps highly-geared investors), and investment LVR (95% is rare). Where CBA genuinely loses: assessment rate (8.99% is punitive on borrowing capacity), and the default rate you actually end up on if you don't have a broker negotiating. The existing-customer tax (being on an older CBA variable without reviewing) is where most wasted interest sits.
Signature insight — the MAV >$500k trap
CBA's cheapest rate tier — MAV above $500k at sub-60% LVR — pays 0.02-0.10% less than the equivalent product below $500k. That sounds trivial until you realise it creates a perverse incentive: borrowers refinancing a $480k loan often find it is cheaper to keep the loan at $510k (releasing $30k of equity into an offset) than to pay down to $480k. The extra $30k sits costing 5.99% against offset interest of 5.99% — net zero — while unlocking the cheaper rate tier on the remaining $480k. We've used this play 7 times in Q1 2026. Average interest saved: $520/year for the life of the loan.
Get a rate-match against CBA's sharpest tier
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Run the comparisonQuick FAQs
- What is the cheapest CBA home loan rate in April 2026?
- 5.99% variable on MAV for owner-occupier P&I loans above $500,000 at LVR below 60%, through the broker channel. Only 9 of CBA's 132 products price at this level.
- How does CBA compare to ANZ, NAB and Westpac on rate?
- CBA is the most expensive Big 4 on cheapest-rate (5.99% vs ANZ's 5.78%). NAB wins on product-average pricing (6.85% vs CBA's 7.00%). ANZ wins on headline rate.
- Is CBA good for first home buyers?
- Acceptable but rarely optimal. At 90-95% LVR, CBA's rate is 6.44-6.54%, which is 0.90-1.00% above what mutuals like Queensland Country Bank price at equivalent LVR. The tradeoff is turnaround — CBA's 9-day speed matters on tight settlements.
- How big is CBA's home loan book?
- Around $23 billion of new commitments in December Quarter 2025, approximately 25% of national housing lending (ABS Lending Indicators).
- Does CBA offer SMSF home loans?
- No. CBA exited SMSF lending in 2018. Use La Trobe, Liberty, Granite or Pepper for SMSF residential.
Richard Esteb
11+ years in private lending. I settle with CBA regularly and refresh this dashboard whenever their rate card or policy moves. Last refreshed 16 April 2026.