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No Fee Variable Loan

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Features and Benefits Product Attributes Repayment Options
  • Repayment Redraw*
  • Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make.
  • Portability - the home loan can move with the customer (conditions apply)
  • Statement frequency 6 monthly or on request
  • No Bank fees for the life of the loan**
  • Minimum Base Loan Amount - $150,000 ***
  • Maximum Loan Amount - no maximum
  • Minimum Term - no minimum
  • Maximum Term - 30 years (subject to expected retirement age)
  • Monthly, fortnightly and weekly repayment options are available (interest only payments are monthly).
  • Payment options of principal and interest or interest-only (subject to a maximum of 15 years) are available.
  • Interest only - make interest payments for a period of 1-10 years for Home loans and 1-15 years for Investment Home loans.
    Additional repayments of any amount can be made without incurring an Early Repayment Adjustment (ERA).

 

* Minimum $1,000 over the counter at any Commonwealth Bank branch or $500 via NetBank. Both with a $0 redraw fee (ATM & EFTPOS access not available).

** Lenders Mortgage Insurance Premium/Low Deposit Premium (if applicable) and third party charges may apply (e.g. government fees and charges).

*** Base loan amount excludes Lenders Mortgage Insurance/Low Deposit Premium (if applicable).
 

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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