Extra Home Loan Extra Home Loan (Owner Occupied)
4.19%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", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 0 - 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
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repaments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 10 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.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Available for new loans. Switching from an existing Commonwealth Bank home/investment home loan is permitted only with a minimum of $150,000 new borrowings on the existing loan balance at the time of the switch. The Extra Home Loan is a variable rate Home/Investment Home Loan that offers a discounted interest rate for the life of the loan and flexible features. 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. $1,500 Refinance Cashback offer from Sunday 1 May to Sunday 31 July 2016. - For customers who refinance their Home/Investment Home Loan or Line of Credit from another financial institution to CommBank. - Minimum refinancing loan amount of $250,000 - Loan funding by 11:59PM AEST Thursday 30 June 2016 - Must hold CommBank Transaction Account, Savings Account or Viridian Line of Credit - Available for any OFI Home/Investment Home Loan or Line of Credit - Not available for refinancing of existing CommBank Home/Investment Home Loans and Lines of Credit - Only one Cashback per entity is payable (irrespective of the number of applications) - Payment made centrally after we validate the customers eligibility if you have selected refinance as the loan purpose - No need to use the Home Loan Pricing Tool to fulfil this offer - Paid into the customers nominated CommBank Transaction Account, Savings Account or Viridian Line of Credit within two weeks of the loan funding
Maximum LVR is inclusive of LMI
Top up fee $300