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VIRIDIAN LINE OF CREDIT

Benefits of a Viridian Line of Credit

Easy access to your equity

Access to your equity

Easily access equity in your home up to your loan amount through everyday banking features.

Expand your investments

Expand your investments

You can invest for personal purposes such as buying another property or investing in shares.

Flexible repayments

Flexible repayments

No principal repayments are required during the loan as long as interest, fees and charges are paid monthly, so you can actively manage your finances.

Interest rates and fees

Residential Equity Rate

Interest rate 1 25.63%PA

Enjoy special discounts on loans, credit cards, everyday banking and insurance with our Wealth Package.

  • $395 annual package fee
  • Save up to 0.70% p.a. on Viridian Line of Credit rates
  • $600 establishment fee waived
  • $12 monthly loan service fee waived

Available on a range of fixed and standard variable rate home loans and Lines of Credit. Requires an initial total home lending of at least $150,000 with us.#

Apply for a home loan online and get a response in 60 seconds.

Make an appointment with a Home Lending Specialist.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Why choose CommBank?

Expert lending support

Expert lending support

Make confident decisions, with specialists who partner with you at every step.

Anywhere, anytime convenience

Anywhere, anytime convenience

Manage your home loan and banking 24/7 with our CommBank app, NetBank or over the phone.

24/7 Support

24 hour support

Our Australian based service team is there to help, 24 hours a day, 365 days a year.

Home Loan Calculators

Enter your income and expenses to get an estimate of how much you may be able to borrow for a home loan.

Use calculator

Estimate what your future repayments would be based on how much you want to borrow and the term.

Use calculator

Estimate the total cost of buying a property, including government costs, stamp duty and other costs.

Use calculator

Borrowing options

Split the cost of a home with family or friends, while retaining individual control of your finances. Available on most home loans.

Learn more

Lenders’ Mortgage Insurance allows you to purchase a property with a smaller deposit, so you can own your home sooner.

Learn more

Benefit from significant savings on borrowing, everyday banking and insurance services, as a reward for banking with us.

Learn more

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

Learn more

Similar to Lenders’ Mortgage Insurance, this additional cost is added to your loan, so you don’t have to come up with these funds upfront.

Learn more

Apply for a loan without the financial statements or tax returns usually required, if you’re self-employed or a small business owner.

Learn more

We can help

Ready to apply or want to discuss your home loan needs?

or

Already a customer banking online with us?

Save time by using your NetBank details. 

 

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Things you should know

1. The Residential Equity Rate is a variable rate, which generally moves in line with market conditions and can change at any time.

2. Low Documentation Loan available on these products.

^ Provided the details initially agreed upon do not change, a Home Seeker loan approval guarantees the amount you can borrow, but not your interest rate. If you do not find a property and accept our formal loan offer within 90 days of the conditional pre-approval date, we will need to obtain from you updated financials and confirm that the loan still meets your needs and financial objectives.

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. 

An annual fee and eligibility criteria applies to Wealth Package and terms and conditions are available on application.

If you do not find a property and accept our formal loan offer within 90 days of the conditional pre-approval date, we will need to obtain from you updated financials and confirm that the loan still meets your needs and financial objectives.

#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 applies to Wealth Package and terms and conditions are available on application.