Principal and Interest repayments, a 0.15% p.a. interest rate discount, with no establishment fee or monthly loan service fees. Minimum package lending balance of $150,000.1 Comparison rate warning
For refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. This offer is not available for Bridging Loans. (Owner Occupied Interest Only customers who fund on or from Tuesday 7 April 2020 are eligible for the cashback)
Interest Rate
% p.a.Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.
Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.
Borrowing $#_KEY_LOAN_AMOUNT_# over 30 years paying principal and interest.
Use the equity in your home to build your wealth, renovate, or even take a holiday.
We're here to help you, whatever your home buying needs and however you do business.
Take advantage of special discounts on loans and credit cards.
Get guidance from start to finish on your home buying journey with the support of one of our expert lenders.
Choose to pay Principal and Interest weekly, fortnightly or monthly. Or Interest Only# monthly.
Enjoy special discounts on selected loans and credit cards with our Wealth Package.4
Available on a range of fixed and standard variable rate home loans and lines of credit. Requires an initial package lending balance of at least $150,000 with us.
Offset the funds in your linked accounts against the balance of your home loan, to potentially save thousands in interest and cut years off the term of your home loan.
With the Wealth Package4, you could save up to $349 per year by paying no annual fee for the Diamond Awards Credit Card.
No Wealth Package? You’ll pay no annual fee for the first year if you apply for a credit card and home loan at the same time.5
Use your income and expenses to estimate how much you may be able to borrow for a home loan.
Estimate the other costs of buying a property, including government costs, stamp duty, and fees.
Call us on 13 2224 8am to 8pm (Sydney/Melbourne time), any day.
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1 Package requires at least $150,000 in package lending balance, and an annual fee of $395 applies. Package lending balance is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans are limited to those accounts that can be included in the Wealth Package.
2 As at 07 April 2020 the Extra Home Loan variable reference rate for Owner Occupied home loans is 3.78% p.a. (principal and interest) and the Extra Home Loan variable reference rate for Investment home loans is 4.13% p.a. (principal and interest).
3 At the end of the fixed rate period, the interest rate converts to the applicable Standard Variable Rate relevant to your loan purpose and repayment type at that time, less any applicable package discount specified in your Loan Contract.
4 To apply for a Wealth Package, you must have an eligible home loan or line of credit with an initial package lending balance of at least $150,000 at the time of your application. Eligible home loans include: Standard Variable Rate home loan, Fixed Rate home loans and Viridian Line of Credit. A non-refundable annual fee of $395 is payable in advance. The package can be established in the name of one or two individual’s name/s, or in the name of a corporate entity. It cannot be established in the name of a business or family investment trust.
5 The primary credit card holder must be the same as the package holder for this benefit to apply.
6 CommBank My Property won the 2019 ABA Winner for New Product Innovation in The Australian Brand Awards 2019.
# You can choose to pay Principal and Interest weekly, fortnightly, or monthly. Only monthly payments are available for Interest Only. The maximum Interest Only payment period over the life of a loan is 10 years for Investment Home Loans and 5 years for Owner Occupied Home Loans, so long as there is at least 5 years remaining on the Contracted Loan Term. We have different rates that apply, depending on whether you are making Interest Only payments or Principal and Interest repayments. During an Interest Only period, your Interest Only payments won't reduce your loan balance unless you choose to make additional repayments. At the end of an Interest Only period, your repayments will increase to cover Principal and Interest components.
Information provided (including interest rates) are subject to change.
Calculations are estimates provided as a guide only. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan. Interest rates referenced are current rates and may change at any time.
Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). Lenders' Mortgage Insurance or a Low Deposit Premium may apply to your loan depending on the size of your deposit; security, applicant and loan attributes. This is a one-off cost and will be added to the loan amount. Any of these additional amounts will increase repayments under the loan.
We have different rates that apply, depending on whether you are making interest only payments or principal and interest repayments. During an interest only period, your interest only payments won't reduce your loan balance. At the end of an interest only period, your repayments will increase to cover principal and interest components.
* Comparison rate calculated on a $150,000 secured loan over a 25 year term. WARNING: 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. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options.. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. You should also read our Financial Services Guide.
