Help & support
Home Loan Wealth Package
Take out a CommBank home loan with an initial package lending balance1 of $150,000 or more, and you could qualify for a CommBank Wealth Package.
- Special discounts on your eligible home loans and an annual or monthly fee waiver on one eligible credit card2
- Standard Variable home loan
- Fixed Rate home loans
- Viridian Line of Credit3
$0 annual package fee for 12 months on new Wealth Packages - saving you $395 - giving you access to:
Discounts:
- Standard Variable Rate Home Loan, get a discounted interest rate based on the Loan to Value Ratio (LVR)4 and access to apply for further interest rate discounts
- Fixed Rate home loans and Viridian Lines of Credits* get access to further interest rate discounts in addition to the standard package benefit.
Fees:
- No upfront home loan establishment fees, monthly home loan service fees and a fee waiver on one eligible credit card2 – just an annual package fee of $395 (waived for the first year).
Contact us to apply for this exclusive offer and one of our Lending Specialists will be in touch.
Please note: This offer is not available through a mortgage broker or with the Mortgage Advantage. This offer is available for new, eligible Wealth Packages only. Pre-existing Wealth Package arrangements are not eligible for retrospective fee waivers. T’s & C’s apply.
Things you should know
The Workplace Banking benefits can only be accessed via the Workplace Banking website or by visiting your nearest CommBank Branch. You must notify your CommBank specialist that your employer is part of the Workplace Banking program to see if you may be eligible for the benefits. The benefits are not available for existing products you already own with CommBank.
1'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. To be eligible for Wealth Package, you must have a current eligible home loan or line of credit with an initial package lending balance of at least $150,000 when you apply for Wealth Package. 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. Trust loans can however be linked to the trustee package (personal or company) where the trustee is an applicant (i.e. a borrower) on the loan.
2 Each Wealth Package is entitled to this benefit for any one eligible card account in the name of a package holder. The credit card must be active on the credit card fee charging date to receive Package benefits.
3 On and from 3rd June 2023, Viridian Line of Credit is unavailable for new fundings and limit increases.
4 From 19 November 2022, any new Standard Variable Rate home loans or top ups on existing Standard Variable Rate home loans, which are participating in a Package Agreement, are eligible for discounted interest rates based on LVR. For more information visit commbank.com.au/home-loans/standard-variable-rate.
These benefits are dependent on external suppliers and are out of the control of the Commonwealth Bank. Offers may be changed or withdrawn at any time without notice.
Unless our terms and conditions say otherwise, Workplace Banking Program (“Program”) members can take advantage of other CommBank offers, as well as the exclusive program benefits on this site. This advice has been prepared without considering your objectives, financial situation or needs, so please consider its appropriateness to your circumstances before you act on it, and seek advice if necessary. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221. Terms and Conditions for products issued by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945, are available on request. Applications for finance are subject to credit approval. Full terms and conditions will be included in the Commonwealth Bank’s offer of finance. Other fees and charges are payable.
