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.
Back to CBA Home Loans
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