Standard Variable Rate Standard Variable Rate (Principal & Interest) (Owner Occupied)
5.22%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.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
LIMITED TIME OFFER: CBA Waives one off EDO (Everyday Offset) Fee of $95 for new and existing customers with new borrowings (excluding Internal Refinance and Split Switches) of $150,000 or more until further notice. OTHER PRODUCT INFO: Features and Benefits: - 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. - Mortgage Interest Saver Account (MISA) 100% off-set (Minimum opening deposit $1000, minimum transaction amount after opening $500. No CBA withdrawal fees apply) - Everyday Offset, a feature of CBA Complete Access account, offers 100% interest offset on SVR Home/Investment Home loan. Everyday Offset will give customers access to the range of transactional options, including: Withdrawals ATM, EFTPOS, Over the Counter (Branch), NetBank, Kaching, Telephone Banking, same day bill payments (BPAY), Direct Entry Debits and AFTs. Deposits Over the Counter (Branch), NetBank, Telephone Banking, ATM, Direct Credits and AFTs. Card Access Can be linked to a Debit MasterCard, Keycard or a Credit Card. Note: MISA and Repayment Redraw will still be available for customers who prefer this option. Customers can also have a MISA and/or Repayment Redraw and an Everyday Offset if they choose. Everyday Offset (EDO) is available to personal customers only and must be in the name(s) of the borrower(s). 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.
LMI required above 80%. Maximum LVR 95% for Owner Occupied and 90% for Investment inclusive of LMI. The maximum LVR for residential real property supporting Secured Consumer product(s), where the customer is being refinanced from another financial institution is 90% inclusive of any 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.
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.
Please refer to product notes for current offer of no Everyday Offset Fee (EDO). Establishment Fee for: Off the Plan applications is $800. Top Up or increase to an existing loan is $300. When there are two or more new home loans, investment home loans or LOCs applied for at the same time the Establishment Fee is $600 for each of the first two accounts, plus $300 for each additional account.