Commonwealth Bank Group announces Spring special - 7.6% pa Fixed Home Loan interest rate and insurance bonus

29 September 2000

The Commonwealth Bank is offering a market leading home loan interest rate of 7.6%pa, fixed for four years, to coincide with the traditionally busy Spring property season. As an added bonus, Commonwealth Insurance Limited (CIL) is also providing $2,000 complimentary customised personal valuables cover when CIL combined home and contents insurance is purchased.

The special four-year fixed interest rate of 7.6%pa for owner occupiers is a discount of 0.3%pa off the Bank's standard four-year fixed interest rate. It represents a saving of $19 a month in repayments on a $100,000 loan over 25 years compared to repayments at the standard four-year fixed interest rate.

The 7.6%pa special interest rate and the complimentary insurance offer are available from 1 October 2000 for a limited period.

General Manager, Cards and Personal Financing, Nick Kennett said: "In the traditionally busy Spring property season, the Commonwealth Bank Group is offering the lowest four-year fixed home loan interest rate in the market, as well as providing a bonus for people taking out combined home and contents insurance.

"In the current rising interest rate market, this special offer will be attractive to home loan customers wanting the security provided by a 7.6%pa interest rate which is guaranteed for four years. It is also currently 0.47%pa below the standard variable rate".

Mr Kennett said the Bank's variable home loan interest rates remain unchanged.

For details about the special home loan and insurance offers, call 13 2224 (8am - 10pm, 365 days a year), visit a branch or log on to the Bank's internet site at