MAV stands for Mortgage Advantage. It is the Commonwealth Bank home loan package that brokers most often see attached to CBA lending, and since 14 March 2026 its benefits sit inside eligible Standard Variable Rate and Fixed Rate home loans rather than operating as a separate application.
The package costs $395 a year and includes discounted rates on eligible loans, waivers on some loan fees and a fee waiver on one eligible CommBank credit card. If you wrote CBA loans before March 2026, the rules for your existing customers differ from the rules for new applications, so the details below cover both situations.
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What Is MAV (Mortgage Advantage)?
MAV is CBA’s Mortgage Advantage package for lending written through the broker channel. From 14 March 2026, Wealth Package and Mortgage Advantage benefits became part of Standard Variable Rate and Fixed Rate home loans, and existing Viridian Lines of Credit linked to a package kept their package treatment. Every new Standard Variable Rate or Fixed Rate application now includes the benefits automatically, and they cannot be removed or opted out of later.
The old entry test is gone as well. The former $150,000 minimum package lending balance no longer applies, although the $10,000 minimum loan amount per loan continues.
Existing loans are treated differently depending on when they were written and whether the customer switches products. An older Standard Variable Rate or Fixed Rate loan without a package keeps running as it is unless the customer moves to a package-eligible product. Check the current CBA guidance for each existing customer instead of applying the new-loan rule across the whole book.
What The Package Includes
Home loan discounts
CBA lists continued access to discounted interest rates, no monthly loan service fees and no upfront establishment or top up fees on new eligible lending among the package benefits. Discount sizes vary by product and circumstance, so pull the current rate and comparison rate for each proposal rather than reusing a saved fact sheet.
Credit card fee waiver
The package waives the annual fee on one eligible Commonwealth Bank credit card, and the Smart Awards card joined the eligible list from 14 March 2026. The waiver only adds value when the customer would hold that card anyway, so ask before counting it in your comparison.
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Features that depend on the loan
Offset access, redraw and repayment options come from the loan product itself rather than from the package name. Confirm what the specific loan offers before telling a client the package unlocks them. Older references to discounted CommInsure insurance and an open-ended promise of multiple offset accounts no longer appear in CBA’s current package material, so treat both as outdated.
Eligibility And Conditions
For new lending, package benefits attach to eligible Standard Variable Rate and Fixed Rate loans from 14 March 2026. Transition rules applied to contracts issued on or before 13 March 2026 that had not settled, so a small number of loans settled after that date without package benefits.
Customers who already hold a package keep their benefits. If a customer closes their last eligible home loan, CBA cancels the package at the next annual fee due date and does not charge the fee at cancellation. The earlier claim that every joint application needed a separate joint account is not supported by CBA’s current public explanation, so confirm holder and account setup in the current product guide for the actual borrowers.
Applying For MAV
There is no separate MAV application process for new lending. You select an eligible CBA product and the package benefits attach as part of the loan contract. Documentation follows the normal credit assessment: income evidence, existing liabilities, loan purpose and security property details for the chosen borrower structure.
For customers holding older packaged loans, questions about package holders or fee dates go through CBA’s service channels. No fresh application is involved.
Weighing The Annual Fee Against The Benefits
The $395 annual fee is charged once a year against one eligible home loan, or redirected to a related transaction account in some cases such as interest only lending. Because the benefits cannot be removed from eligible new loans, the honest comparison is between CBA’s packaged loan as offered and the total cost of competing products for the same scenario.
- Confirm the proposed product and amount meet the current package rules in CommBroker.
- Price the packaged rate, comparison rate and fees against two alternatives for the same borrowing.
- Count only the benefits the customer will actually use, especially the credit card waiver.
- Record the fee date and cancellation rules on the file when reviewing an existing package.
Package terms changed materially in March 2026, and lenders adjust these settings without much notice. Before your next CBA recommendation, open the current product guide in CommBroker and confirm the package treatment, fee and benefit list for that specific loan. That single check keeps your advice matched to the product the client will actually sign.
