Commonwealth Bank Variable Rate Home Loan

A home loan with an interest rate that moves in line with the market. Just as it is subject to interest rate rises this home loan provides the customer with interest rate decreases in line with movements in the market. The loan provides customers freedom of choice in repayment frequencies and special repayments

 Customers can request split rate loans provided that the fixed or 1 year guaranteed rate portion is fully drawn. Having a loan split of a standard variable rate product for the construction component will allow for progressive payments.

Family Support Policy

 The Family Equity option has been introduced to help first home buyers and families to enter the property market. Under Family Equity, parental help (or help from immediate family) may be used for servicing and/or security support.

This may take the form of either:

1)Guarantors providing Security support only

2)Guarantors providing Servicing support only

3)Guarantors providing Security and Servicing support, or

4)Provision of funds greater than value of property to be purchased is available.