Features & benefits

Accessible line of credit 

A pre-approved limit ensures you have credit available whenever you need it most, without having to reapply for it.

Only pay for what you use

A loan that only charges you interest on the amount you use.

Repayment and redraw flexibility 

Choose when you make your repayments and how much you want to pay, making sure you cover monthly interest, fees and charges.

Wealth Package

Enjoy discounts on eligible CommBank loans and credit cards.

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How it works

Loan purpose

You can use your loan for a variety of purposes, including:

  • Renovating or maintaining your home or investment property
  • Expanding your investments
  • Refinancing any existing personal loans
  • Purchasing land

Viridian Line of Credit loans cannot be used for business purposes, building/construction loans, off-the-plan purchases or as bridging loans.

Making repayments

  • At a minimum, you’ll need to manage your repayments so that interest, fees and charges are covered each month
  • To reduce your loan balance, you can make additional repayments at any time. This will need to cover more than what you spend plus interest, fees and charges
  • Ongoing interest is incurred on any outstanding loan balance

Interest rates

Interest rate1
Residential Equity Rate
6.28% p.a.
Investment Residential Equity Rate
6.28% p.a.

These are variable rates that generally move in line with market conditions and can change at any time. 

Wealth Package requires an initial total home lending of at least $150,000 with us.#

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Home loan extras

Lenders’ Mortgage Insurance

Lenders’ Mortgage Insurance lets you purchase a property with a smaller deposit, so you can buy your home sooner.

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Guarantor support

A family member can help you secure a home loan by mortgaging their own property as additional security.

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Things you should know

1 The Residential Equity Rate and Investment Residential Equity Rate are variable rates that generally move in line with market conditions and can change at any time.

# Total home lending balance is the sum of the account balance of 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. An annual fee and eligibility criteria apply to Wealth Package and terms and conditions are available on application.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Other fees and charges are payable.