Rates & fees

Interest Rate

No Fee Variable Rate

6.31% p.a.

Comparison rate

6.31% p.a.

 

Our No Fee Variable Rate Home Loan is a complete home loan with a competitive variable interest rate and no bank fees to pay for the life of the loan. This means there are no hidden charges and no establishment or loan service fees. If you have a deposit of 20% or more, you also won’t have to pay Lenders Mortgage Insurance (LMI) or Low deposit premium. Our No Fee Variable Rate Home Loan has a competitive variable interest rate which is 0.70% p.a. below the Standard Variable Rate.

Lenders Mortgage Insurance waived

If you have a deposit of 20% or more, you won’t have to pay Lenders Mortgage Insurance (LMI) or Low deposit premium.

What is a comparison rate?

A comparison rate helps you identify the true cost of a loan. It takes into account the interest rate, loan set-up costs, the term of the loan, and any other up front or ongoing fees associated with a loan.

When deciding on the loan that suits your particular needs, it's important to consider all features of the loan, not just the comparison rate. For example, beneficial features such as the convenience of internet banking or flexible repayment arrangements are not included in the comparison rate.

It's also important to know that the comparison rate does not include:

• Government charges, such as stamp duty or mortgage registration fees
• Fees and charges associated with certain loan options that may or may not be used by the lender, such as early repayment or redraw fees
• Fees and charges which may not be available at the time the comparison rate is provided

 

• Important information
  Interest rate is current as at 11/05/2012 but is subject to change. Minimum loan amount $150,000. Applications are subject to credit approval and eligibility criteria. Full terms and conditions included in our Loan Offer.  Third party charges apply (e.g. government charges).  Lenders Mortgage Insurance or Lenders Deposit Premium applies to loans with less than 20% deposit.  Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.  Commonwealth Bank of Australia ABN 48 123 123 124.