The largest increases applied to three-year fixed rate home loans for owner occupiers and investors. 

Five-year fixed rates were lifted by a slightly smaller margin of 20 basis points.

All fixed rate increases applied to loans with a maximum loan-to-value ratio (LVR) of 95%. 

Highlights of fixed rate increases across the home loan portfolio of Australia's largest bank included:

  • Residential Fixed P&I 3 Years: 25 basis point increase to 3.64% p.a. (4.46% p.a. comparison rate*)
  • Residential Fixed P&I 5 Years: 20 basis point increase to 4.14% p.a. (4.53% p.a. comparison rate*)
  • Investment Fixed IO 3 Years: 25 basis point increase to 4.04% p.a. (4.98% p.a. comparison rate*)
  • Investment Fixed IO 5 Years: 20 basis point increase to 4.14% p.a. (4.87% p.a. comparison rate*)
  • Wealth Package Residential Fixed P&I 3 Years 150k+: 25 basis point increase to 3.49% p.a. (4.18% p.a. comparison rate*)
  • Wealth Package Residential Fixed P&I 5 Years 150k+: 20 basis point increase to 3.99% p.a. (4.33% p.a. comparison rate*)

See also: Which lenders offer 5 year fixed rate home loans?

CommBank's fixed rate increases come off the back of the bank moving forward its forecast of a RBA cash rate hike from August to June.

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.54% p.a.
5.58% p.a.
$2,852
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.49% p.a.
5.40% p.a.
$2,836
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
5.64% p.a.
5.89% p.a.
$2,883
Principal & Interest
Variable
$250
$250
60%
  • 100% offset
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Offset
  • Redraw
  • More details
  • Easy application. Fast approval. 100% offset.
  • Unlimited additional repayments free of charge.
  • Redraw available - Access additional payments.
 Disclosure
5.64% p.a.
5.89% p.a.
$2,883
Principal & Interest
Variable
$248
$350
60%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Offset
  • Redraw
  • More details
  • Check your eligibility in as little as one minute
  • Apply online in as little as 15 minutes
  • Dedicated home loan experts are available to help
Disclosure
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

Image by Bidgee via Wikimedia Commons

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