Products

Fixed Rate Home/ Investment Home Loans

Features and Benefits	Product Attributes	Repayment Options
Customers have the option of Rate Locking their selected Fixed Interest Rate at application for a period of 3 months from the date of loan application* Mortgage Interest Saver Account (MISA) Partial off-set is available** Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make. Converts to the relevant Standard Variable Interest Rate at the end of the agreed fixed rate period or the customer can choose another fixed interest rate period. Portability - the home loan can move with the customer (conditions and fees apply) Variable and Fixed Rate Options (Split Loans). Where a Variable and Fixed progressive drawing is required the loan amount must be drawn down in the following order: Any introductory rates (i.e. One Year Guaranteed or 12 Month Discounted), then; Any Fixed Interest Rate, and finally Any Variable Interest Rate Switch to a variable or fixed interest rate at any time (the customer will need to pay an Administrative Fee and may also need to pay an Early Repayment Adjustment) Statement frequency 6 monthly or on request (a fee applies for requested statements)	Minimum Loan Amount - $10,000 ($20,000 Fixed Rate Investment Home Loans) Maximum Loan Amount - no maximum Minimum Term - 1 Year. Other terms available are 2-5 years, 7, 10 and 15 years. Maximum Term - 30 years (subject to retirement age)	Monthly, fortnightly and weekly repayment options are available. Payment options of principle and interest and interest-only (subject to a maximum of 15 years) are available. Interest Only - make interest only payments for a period of 1-10 for Home Loans and 1-15 years for Investment Home Loans. Repayments must be set at the minimum repayment to repay the loan over the requested loan term at the outset of the fixed rate loan. If the client wants to pay more than the minimum required they need to be conscious of Early Repayment Adjustment provisions. Clients have the ability to make additional repayments at any time (limit $10,000 per year) without incurring an Early Repayment Adjustment and Administrative Fee.

* (Rate Lock is not available for 7, 10 or 15 year fixed rate terms)

** (Minimum opening deposit $1000, minimum transaction amount after opening $500. No Commonwealth Bank withdrawal fees apply)

Early Repayment Adjustment

An Early Repayment Adjustment (ERA) and Administrative Fee will apply where the borrowers repay their Fixed Rate Home/ Investment Home Loan in part (except for the first $10,000 in additional repayments received in the year of prepayment) or full, during the fixed rate period. More Information

Fact Sheet

Important Things to Know About Home Loans and Credit Cards

Home Loan Interest Rates and Fees