Will my repayments automatically drop after Commonwealth Bank’s decision to decrease Variable Home Loan interest rates?
If you pay Principal and Interest
- Leave your repayments as they are and you’ll be on track to pay off your loan sooner.
- You may want to reduce your repayment to free up some cash. You can do this by selecting Change my repayment in NetBank or the CommBank app.
If you have an Interest Only home loan
- There isn’t anything you need to do. The interest payable and your payment will automatically reduce with the rate. Just sit back and enjoy the reduced payment amount.
- You can view your current interest rate in Account information using NetBank or the CommBank app.