MAV Standard Variable Rate MAV Standard Variable Rate $250K - $499K LVR 80-90% (Owner Occupied)
4.42%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 90% 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"].
- 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 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 Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
SPECIAL OFFER FOR MAV HOME/INVESTMENT HOME LOANS: Rate Discounts will be available for MAV Home/Investment Home Loans and Lines of Credit customers taking up new borrowings of $150,000 or more. This offer is available until further notice. Please note quoted rates in Symmetry already includes rate discount. Offer summary: - Only available for Package holders taking up new borrowings of $100,000 or more (which is new money to the Bank) - Discounts available on the Standard Variable Rate (SVR) and Residential Equity Rate (RER). Note: No pricing request is needed to obtain these discounts. These discounts only apply to new money Home/Investment Home Loan and Line of Credit applications on the Standard Variable rate (SVR) and Residential Equity Rate (RER) under Mortgage Advantage. To establish a customers total home lending balance (TLB), add the balances of new and existing home loans and the limit of new and existing lines of credit held solely or jointly with the Bank by the package holder. The relevant LVR for calculation of the discount is the LVR of the new loan application only, even if there are existing balances included in total home lending balance. If there is more than one new loan application, use the LVR of the total new lending.
LMI required above 80%. Maximum LVR 95% inclusive of LMI for both Owner Occupied and Investment. The maximum LVRs for loans where the loan purpose is Personal Investment is 80% - with LMI or 82% capitalised for Low Doc only. The maximum LVR for residential real property supporting Secured Consumer product(s), where the customer is being refinanced from another financial institution is 90% - with LMI (92% after the capitalisation of LMI). The Maximum LVRs will also depend on the borrowers residency status and the currency used for servicing. LVR restrictions apply to company title applications. Refer to Eligible Borrowers matrix for details.
A minimum of 5% savings or equity must be verified for all new Home Loans where the base LVR is greater than 85% (including loans with a LVR of up to 95%).New borrowers are required to contribute a minimum 5% of the purchase price in the form of genuine savings (or equity). This will need to be verified for all new loan applications. Genuine savings can comprise of the following, and must be held for a minimum period of 3 months: A demonstrated savings pattern (regular/irregular deposits - varied amount/frequency); Gift (held in an account); Term Deposit; Cash (held in an account); Shares; Monetary Inheritance; Equity in an existing property. 5% savings held for less than 3 months may also be accepted (Conditions apply - Refer CBA policy). Savings (or equity) can also be considered in either of the following scenarios: If 5% held for less than 3 months but evidence of accelerated repayments; Bonus payments - in conjunction with a savings pattern. FHOGs, borrowed funds (ie. Personal Loans) and sale of assets (excluding property) are not acceptable types of savings or equity.