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Products

Line of Credit

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Features and Benefits Product Attributes Repayment Options
  • Access funds up to agreed limit (subject to daily card limits where applicable) via ATM, chequebook, EFTPOS, EFTPOB, by phone, Maestro/Cirrus, Netbank and at Commonwealth Bank branches.
  • Interest calculated daily, charged monthly as the customer benefits immediately from every repayment they make.
  • Portability - the line of credit can move with the customer (conditions and fees apply).
  • Switch to a Standard Variable Rate, Fixed Rate, or Base Variable Rate (Rate Saver) at any time.
  • Statement frequency quarterly or on request (a fee applies for requested statements).
  • Minimum Loan Amount - $20,000
  • Maximum Loan Amount - no maximum
  • Minimum Term - not applicable
  • Maximum Term - not applicable
  • There are no set principle requirements. However monthly payments are required to cover interest and any accrued charges.
  • Clients have the ability to make additional repayments at any time without incurring an Early Repayment Adjustment and Administrative Fee.

Note: Interest cannot be charged to a related account

 

 

Fact Sheet

Important Things to Know About Home Loans and Credit Cards

Home Loan Interest Rates and Fees

Calculators

Credit Policy

Application Process

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