Head-to-head
CommBank vs Unloan Home Loan
Rates & conditions verified 12 July 2026
Rates can change without notice. Last verified: 12 July 2026 (AEST). Please confirm details on the bank’s official page.
Same banking group, two very different loans: CommBank's full-feature Wealth Package with offset and branches, against Unloan — CBA's digital refinance-only brand with a lower rate, a loyalty discount and no fees.
CommBank Standard Variable Rate (Wealth Package)
Best for buyers and refinancers who want offset accounts, branch access and the full CommBank app
Condition: Wealth Package rate requires the $395/year package; offset included
- Multiple offset accounts
- Branch and broker support
- Fixed-rate and split options under the package
Unloan (CBA) Refinance Variable
Best for refinancers with equity who want the group's lowest rate and zero fees
Condition: Refinance only; no offset — redraw and a loyalty discount instead
- Meaningfully lower rate, no fees
- Loyalty discount grows each year
- Backed by CommBank
At a glance
| CommBank Standard Variable Rate (Wealth Package) | Unloan (CBA) Refinance Variable | |
|---|---|---|
| Lowest variable rate (p.a.) | 6.34% | 5.89% |
| Condition to earn it | Wealth Package rate requires the $395/year package; offset included | Refinance only; no offset — redraw and a loyalty discount instead |
The verdict
This is a features-versus-rate decision inside one banking group. Unloan is the cheaper loan by a clear margin — no package fee, no application fee, and a discount that grows the longer you stay — but it's refinance-only, has no offset, and lives entirely in-app. CommBank's packaged loan costs more (both in rate and the annual fee) and in exchange gives multiple offset accounts, fixed and split options, branches and bankers. If you're buying rather than refinancing, Unloan isn't available to you at all. If you're refinancing and don't need offset, it's hard to justify the dearer stablemate — compare the current rates in the table.
FAQs
Is Unloan really part of CommBank?
Yes — Unloan is Commonwealth Bank's standalone digital home-loan brand, built and backed by CBA but run as its own product with separate pricing. Deposits and lending sit with the same banking group, so the backing is identical; the product and rate are not.
Why is Unloan cheaper than CommBank's own home loan?
Unloan strips out the cost drivers: no branches, no offset accounts, refinance-only lending to lower-risk borrowers with equity, and no package fees. CommBank's Wealth Package prices in offset, branch service and product bundling. You're paying for features — the question is whether you'd use them.
Can I get an offset account with Unloan?
No — Unloan offers redraw on extra repayments but no offset account. If dollar-for-dollar offset against a transaction balance matters to your cash flow, CommBank's Wealth Package loan (or another lender with offset) is the fit.
Related guides
Information verified 12 July 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.