Following the Reserve Bank of Australia's (RBA) decision to increase the official cash rate by 0.25% per annum (p.a.), CBA will increase home loan variable interest rates by 0.25% p.a.
All CommBank home loan variable rate changes announced today will be effective 15 May 2026.
Commenting on the changes, Angus Sullivan, CBA's Group Executive Retail Banking, said the bank recognises many customers are already managing higher living costs, and further rate increases can add to that pressure.
"Our focus is on supporting customers to stay on top of their finances with practical tools, clear guidance and access to help when it's needed," Sullivan said.
Through the CommBank app, customers have access to a range of digital money management tools - including Money Plan, Spend Tracker and Category Budgets - designed to help them track spending, manage bills, set budgets and stay in control of their finances.
Eligible home loan customers also have the flexibility to change the date and frequency of their repayments, helping them better align repayments with their income and manage cash flow.
"Adjusting how and when repayments are made can make a meaningful difference," Sullivan said.
"For example, more frequent repayments may help reduce interest over time, while timing them with pay cycles can make it easier for customers to stay on track."
Customers looking for additional guidance can visit CommBank's new Lend a Hand page, which brings together practical tools, tips and pathways to support those navigating increased financial pressures in one place.
For those who may need further support they can also contact the bank at any time through the CommBank app to connect with our Financial Assistance Solutions team.
"By having proactive conversations early and often, we can ensure we are providing the right support and solutions for our customers when they need it," Sullivan said.
Quick tips to help manage your finances:
- Estimate how much your home loan repayments may change via the Home Loan Repayments Calculator .
- Eligible customers can align their home loan repayments to when and how often they are paid via the Home Loan repayment change tool.
- Make the most of an offset account . An offset account is a transaction account linked to your eligible Standard Variable Rate, Simple Home Loan and Digi Home Loan that can help you pay less interest over time. For customers looking to maximise the benefits of offsetting, up to 99 Everyday Offset accounts can be linked to a CommBank Standard Variable Rate home loan. A $10 Offset Feature fee applies to link up to two Everyday Offset accounts to a CommBank Simple Home Loan, or one Everyday Offset account to a CommBank Digi Home Loan.
- Use our suite of budgeting tools to help manage your finances, including Money Plan in the CommBank app, which helps you to track your spending, stay on top of bills and set goals.
- Use Spend Tracker in the CommBank app to help categorise your debit and credit card transactions, making it easier to see the impact your spending decisions have on your everyday finances.
- Use Category Budgets to set weekly, fortnightly or monthly budgets for different categories of your spending - from entertainment to transport, eating out and shopping. You can see how your spending compares to the budget you set yourself, to help you stay on track.
- Use CommBank Yello to unlock additional benefits and support that can help eligible customers manage everyday household costs.
- Visit our Lend a Hand page to view a range of tools, tips and guidance all designed to help you navigate current cost of living pressures.
- If additional assistance is needed, customers can message us at any time in the CommBank app to be connected with our Financial Assistance Solutions Team.
