Extra Variable 4 Year Introductory Rate Extra Variable 4 Year Introductory Rate (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
- 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 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 4 Year Introductory rate 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.) This product will be available exclusively for first home buyers only. It is available to Owner Occupier and Investment Home Loan customers who are purchasing their first property. Allowable Loan Purposes:Personal Owner Occupied, Personal Investment Housing, Personal purposes, Personal Investment, Bridging, Off the Plan Purchase, Homeseeker, Land & Building Construction finance / Progress Payments, Excluded Purposes, Business. Excluded Loan Purposes: Business Top Up available with minimum $10K. Repayment redraw details: - Min Redraw Amount = $500 electronic & $1,000 over the counter - Repayment Redraw Fee : $0.00 if the redraw is processed electronically and $5.00 if the redraw is processed via the Branch Additional repayments,Repayment Holiday and Guarantor Support are available. NOTE: Interest In Advance is only available on fixed rate investment home loans
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 Top Up Fee $300 Progressive drawing fee (per drawing) $75 (where, construction loan) Security Guarantee fee (per borrower) $200 Security substitution fee $300 Settlement cheque fee $15