Help & support
Topping up your home loan will typically cost less than taking out another type of loan because home loans generally offer lower interest rates than credit cards and personal loans.
The amount you can increase your loan will depend on how much equity is available in your property as well as your current financial situation.
If you’re looking to upgrade your car, renovate, plan a holiday or consolidate your debts, borrowing extra money on your home loan could be a good solution.
You’ll only pay interest on the amount you use.
Topping up your existing home loan means you don’t need to take out a separate loan, saving you time and paperwork.
Talk with your Home Lending Specialist to find out how much you might be able to increase your home loan by and whether any charges or fees are associated with making this change.
Top-ups are not available for CommBank customers with a fixed or guaranteed interest rate home loan, and are not available to be used for business purposes.
Topping up your home loan means you’re taking on more debt and may increase your loan repayments.
Before increasing your loan, make sure you’re comfortable with any potential changes to your repayments.
It’s also important to understand that by using your loan top-up funds to make a purchase (e.g. a holiday or vehicle), the life of that purchase could be significantly shorter than your remaining home loan term. Be confident this is compatible with your financial goals.
Get help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply.
Book instantly to speak to a Home Loan Specialist at a time that suits you.
Redraw, change your repayments or loan type to better meet your needs and more.
Fast-track your call, see expected wait times and connect with a specialist in the CommBank app.
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