Co

CommBank

Big 4

Commonwealth Bank of Australia

Indicative Construction Loan Rate

Variable rate

6.49%

Comparison rate

6.52%

Rate as at 24 April 2026. Verify before applying.

Max LVR

95%

Offset account

Yes

Construction loans

Yes

Best for

First-time builders wanting a big bank name

Advantages

  • ✓ Largest lender in AU
  • ✓ Accepts most builders
  • ✓ Easy online application

Limitations

  • · Rates not always competitive
  • · Strict builder approval process

Compare CommBank vs other lenders

A broker can compare CommBank's construction loan product against 15+ lenders to find the best fit for your project size, LVR and timeline.

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Commonwealth Bank of Australia holds Australian Credit Licence 234945. Rates shown are indicative and may change without notice. Always verify the current rate directly with the lender.