Products
Line of Credit
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Home Loan Products
| 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
|
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