Commonwealth Bank 3 Year Rate Saver Home Loan

Main Features and Fees...

 
Company
Interest Rate Enquire Here
Products Available 3 Year Discounted Basic Home Loan
Offset Account No
Redraw Facility Yes, $50 fee minimum $500 electronic and $2,000 @ branch
Extra Repayments Yes                                            
Lump Sum Repayments Yes 
Product Change Yes, $300 fee applies
Portability Yes, $300
Construction Yes, $50 per draw and maximum of 5 drawings
Split Loan Facility Yes
Principle and Interest Payments Yes
Interest Only Payments Yes
FEES                                                 
Upfront Fees $750
Ongoing Fees  Nil                                                              
Early Exit Fees $700 if loan is paid within first 4 years
Discharge of Mortgage Fees $350


Notes

Rate Saver is a 'no frills' low variable interest rate/limited features home loan for customers who do not require all the features and flexibility the Standard Variable Rate Home Loan offers

Housing Related, including purchase of vacant land;

Land Loan: A residential property must be built within 5 years for occupancy

Construction (owner occupied) -

Refinance, other institutions' home loans including debt consolidations;

Personal Purposes;

Personal investment eg purchase of shares

Bridging Loans

Borrowers will have up to a maximum of 12 months to reduce the total debt to the agreed residual debt level.



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