You’ll need to update your browser so you can continue to log on to your online banking from 28th February. Update now.


What is a MAV (Mortgage Advantage) Package?

See all Home loans FAQs

Last updated 16 May 2014

A MAV Package is a supplementary option which is designed to reward you for banking with us, by offering substantial savings across a range of banking products.

What benefits does the MAV Package give?

When you take up a MAV Package you can enjoy significant discounts on borrowing, everyday banking and insurance services. These benefits include:

  • Up to 0.7% p.a. off a Standard Variable Rate Home Loan
  • Up to 0.15% p.a. off a Fixed Rate Home Loan
  • No monthly account or withdrawal fees on an Everyday Accounts
  • No annual fee on a Commonwealth Bank credit card

Details on these and other discounts can be found by clicking here.

An example of potential savings

Product Savings per year
$300,000 Standard Variable rate Home Loan $1400
No Home Loan monthly loan service fee $96
No monthly account fees on an Everyday account $72
No annual fee on a Gold Awards Credit Card $144
Total savings $1712


What is the fee for the MAV Package?

There is an annual fee of $395 which can only be charged to a Commonwealth Bank credit card or a Commonwealth Bank transaction account.

Am I eligible for the MAV Package?

To be eligible for a MAV Package you must have an initial 'total home lending balance' of at least $150,000. You can take out a MAV Package at any time, however if you have an existing fixed rate loan a concession cannot be applied until the existing fixed rate period expires.

Customers with Low Doc Loans are not eligible to apply for MAV Package.

How do I apply for a MAV Package?

If you would like to apply for a MAV Package you can do so at any time by completing an application through your broker. For more information on the MAV Package click here.

Unable to find what you're looking for?

Search for more popular topics