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Commonwealth Bank vs Westpac Home Loan: Rates, Fees & Features Compared
Rates, fees and features from each lender's officially published data
When comparing Commonwealth Bank and Westpac home loans, the lenders differ notably in both range and pricing. Commonwealth Bank lists 16 home loan products on the Consumer Data Right database with a lowest owner-occupied variable rate of 6.09%, while Westpac lists 11 products with a lowest owner-occupied variable rate of 3.25%. Commonwealth Bank also offers more products with redraw (16) and offset (6) facilities compared to Westpac's 8 and 2 respectively, though it carries more distinct fee names at 29 versus Westpac's 22.
| Headline rates | Commonwealth Bank | Westpac |
|---|---|---|
| Lowest owner-occupied variable rate | 6.09% | 3.25% |
| Comparison rate (that rate) | 6.22% | — |
| Home loan products published | 16 | 11 |
| Minimum loan amount | $10,000 | $4,000 |
| Distinct fee names published | 29 | 22 |
| Features across their range | Commonwealth Bank | Westpac |
|---|---|---|
| Offset account | 6 products | 2 products |
| Redraw facility | 16 products | 8 products |
| Extra repayments | 6 products | 11 products |
| Digital banking | 18 products | 4 products |
| Guarantor option | 14 products | 9 products |
Feature counts reflect products that officially publish each feature via the Consumer Data Right. A published lowest rate may apply only to specific products, LVR bands or eligibility groups — always confirm the rate and conditions with the lender. This page is general information only, not financial advice.
Data as at 27 Sep 2026 · from lenders' official CDR product data