0
0
2
-
8
4
2
2
3
0
7
1
4
Home Loan Update As at 23 July 2014
Things You Need to Know
*Maximum saving of 0.80% per annum is available from 9 January 2012 for new loans. These special offers are subject to
change without notice. Conditions apply visit commbank.com.au or speak to your lender/broker. To be eligible for a package,
you must have an initial total home lending balance of at least $150,000 and pay the annual package fee $395, debited to any
Commonwealth Bank transaction account or Commonwealth Bank Credit Card. The package discount that applies is based
on your total home lending balance. Total home lending balance is the sum of the account balance of home lending accounts
and the credit limit of the line of credit accounts that you have with us. Any extra repayment that you make on your home loan
will reduce your total home lending balance. Customers with Low Doc Home Loans are not eligible to apply for packages. For
more information refer to the Wealth Package/MAV Fact Sheet.
^
Excludes all ATMs overseas, EFTPOS and Debit MasterCard transactions overseas or involving currency conversion, transfer
group payments to third parties, international Money Transfers and separate services such as bank cheques, periodic payments
and transfers/deposits to other banks. Full term and conditions are available on request. Other fees may apply.
~
A Deferred Establishment Fee may be payable if a home or investment home loan was established prior to 21st March 2011
and is repaid in full within four (4) years from the Funding Date. The fee is not payable if you repay the loan during a guaranteed
period where an Early Repayment Adjustment may apply or if you switch to another Loan Type. If you switch from a Fixed Rate,
an Early Repayment Adjustment may apply.
1 Year Guaranteed Rate, 12 Month Discounted Variable Rate and 3 Year Special Economiser/Rate Saver Rate are available for
new borrowings only. The interest rate for the discounted period applies from the date of rst loan drawing. After the discounted
period ends the rate will convert to the relevant variable rate.
The security is to be a registered rst mortgage over the property. The title and all legal aspects connected with the loan are to
be to the Banks satisfaction.
The interest rates and fees quoted are effective at the date of this Update for new applications only. The Bank reserves the
right to change its interest rates and fees at any time. Applications are subject to normal credit approval. Full terms and
conditions will be included in our loan offer. Other fees and charges are payable. Please ask for a copy of our standard fees
and charges brochure.
No Bank fees apply to No Fee Variable Rate Loans (Lenders Mortgage Insurance Premium/Low Deposit Premium
(ifapplicable) and third party charges, e.g. ATM fees and government charges, apply). All Comparison Rates are calculated
on the basis of secured credit of $150,000 over a 25 year term. WARNING: Comparison rate is true only for the examples
given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different
comparisonrate.
Call 13 2224, 8am8pm, 365 days.
Visit commbank.com.au or drop into any branch.
$0 Monthly Loan Service Fees for the life of the loan on new 3 Year Special Economiser/Rate Saver Loans.
Package rates shown are the maximum saving of 0.80% p.a. on Standard Variable Rate and Viridian Line of Credit (VLOC) and a saving of 0.15% p.a. on Fixed Rate in Package*.
Home Loans and Investment Home Loans
Rates p.a. Package rates p.a.*
Offset
Standard fees
Annual
rate
Comparison
rate
Annual
rate
Comparison
rate
Upfront
Establishment
Fee
Monthly
Loan
Service
Fee
Introductory
12 Month Discounted Variable Rate (DVR) 5.20% 5.97%
Full $600 $8
1 Year Guaranteed Rate 4.79% 5.93%
Base Variable Rate
(BVR)
3 Year Special Economiser/Rate Saver 4.84% 5.29%
$600 $8
Economiser/Rate Saver 5.44% 5.58%
Complete/
Investment
No Fee Variable Rate 5.20% 5.20% Not available No Fee No Fee
Standard Variable Rate (SVR) 5.90% 6.04% 5.10% 5.50% Full $600 $8
1 Year Fixed Rate 4.94% 5.95% 4.79% 5.73%
1.50%
Partial
$600 $8
2 Year Fixed Rate 4.99% 5.87% 4.84% 5.68%
3 Year Fixed Rate 5.24% 5.86% 5.09% 5.71%
4 Year Fixed Rate 5.74% 5.99% 5.59% 5.86%
5 Year Fixed Rate 5.14% 5.72% 4.99% 5.62%
7 Year Fixed Rate 7.74% 7.12% 7.59% 7.06%
10 Year Fixed Rate 7.74% 7.40% 7.59% 7.39%
15 Year Fixed Rate 7.74% 7.70% 7.59% 7.74%
Viridian Line of Credit Residential Equity Rate 6.05% 5.25% $600 $12
Reverse Mortgage Equity Unlock Loan for Seniors 7.05% 7.16% $950 $12
Other information
Other fees
- Rate Lock Fee $750
- Switching Fee $0
- Progressive Drawing Fee $75 per drawing
- Security Guarantee Fee $200 per borrower
- Settlement Attendance Fee $200
- Security Substitution Fee $300
- Additional Security Fee $150 (per new security)
- Loan Increase Fee $300
Package benefts (annual fee $395) include;
- No monthly account or withdrawal fees on Everyday,
Smart Access or Complete Access accounts
^
- Eligible MasterCard Credit Card with no annual fee
- Interest rate savings, $0 Establishment Fee~ and $0
Monthly Loan Service Fees for the life of the home loan on
Fixed Rate, SVR and VLOC
- Savings on the other banking, investment and
insurance products
Ask about our Affordability Options
- Guarantor Support, Property Share and Interest Only
In Focus
- Manage your home loan using NetBank. Register online at
netbank.com.au
- Where Loan to Valuation Ratio (LVR) is greater than 85%,
new borrowers must contribute a minimum of 5% towards
the property purchase. This must be in the form of
genuine savings held in an account for at least 3 months.
Australian credit licence 234945
