Products
No Fee Variable Loan
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Products
| 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).
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