Extra Home Loan Intro 2 Year Discount Extra Home Loan Intro - 2 Year Discount (Principal & Interest) (Owner Occupied)
4.35%p.a Standard Variable
About Commonwealth Bank
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 95% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Bridging, Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Internet Banking
- Telephone Banking
- Credit Card
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The Extra Home Loan Intro 2 Year Discount offers a margin discount on the interest rate for an introductory period and at the end of the introductory period, a margin discount rate for the remaining life of loan. (Note: repayments will increase after the introductory period.) Switching: Switch into Extra home loan is permitted only with a minimum of $150,000 new borrowings (at the time of the switch). Switch out of the Extra home loan is available on request and requires a variation to the contract. - Cannot switch from one Extra home loan to another Extra home loan i.e. from Extra Home Loan to Extra Intro Home Loan - Any discretionary discount applied to Extra home loan is not carried over (must be re-negotiated) No minimum Redraw amount for transactions completed via NetBank, Telephone Banking, ATMs, EFTPOS or EFTPOB. Minimum Redraw amount of $1,000 for transactions completed over the counter in branch. Loan Splitting: Available for existing Extra Home loans only (NOTE: Extra Home Loan is not available as a Split Loan option and must be processed as individual product documented on a separate CCC Schedule - ie/ multiple facility scenario). Top-Up: Minimum $10k. When top amount is greater than $100k, the new total balance is considered for discount reassessment. If the reassessed discount is higher than the existing discount, the new discount is applied, if lower than the existing discount, then customer retains the existing discount. NOTE: Interest In Advance is only available on fixed rate investment home loans CBA will no longer accept IO payments for Home / Investment Home Loans which are construction / building loans. These loans must have P&I repayments after construction is complete and the loan has fully funded.
Maximum LVR for owner occupied: 95% inclusive of any LMI. (No LMI or LDP is required up to 80% LVR)
In cases where the LVR is above 90%, we need to confirm that the customer has savings and/or equity of at least 5% of the value of the security property held for at least 3 months.
Additional security fee (per fresh security) $150 Progressive drawing fee (per drawing) $75 (where, construction loan) Security Guarantee fee (per borrower) $200 Security substitution fee $300 Settlement cheque fee $10 Trust Investigation fee - Charged as BAU ( Staff to follow BAU process) Low Deposit Premium fee (as per current business rules) Government charges Various determined by the relevant State Government departments EXCESS CHEQUE FEE