Today the Commonwealth Bank is set to help more Australians buy their own property by offering the most competitive 5 year fixed rate home loan in the market. The new 4.99 per cent per annum offer is the lowest five year fixed rate ever offered by the Commonwealth Bank and is 0.7 per cent lower than the previous rate.
This is the first time CBA has offered a 5 year fixed rate below 5 per cent.
The new rate will be effective for new and existing customers from 23 July, 2014 and apply to Wealth Package and Mortgage Advantage Package products.
Lyn Cobley, Executive General Manager Retail Products and Third Party said, “This is a great opportunity for customers to lock in an extremely competitive rate for five years.”
“It’s just another way Commonwealth Bank is helping more Australians own their home.”
The new competitive rate, along with the support, tools and flexibility offered by the Commonwealth Bank, helps make our customers’ home buying experience even easier.
Our home buying experts help customers understand the buying process and assist customers with all the information required about buying property in Australia with the free Property Guide app and many other tools.