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1 Year Guaranteed Rate Home / Investment Home Loan

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Features and Benefits Product Attributes Repayment Options
  • Guarantees the introductory interest rate will not change for the first year from the date of the first loan drawing. During the guaranteed period the customer will have two fixed interest rates, one for principal and interest repayments and one for interest only payments.
  • Converts to the applicable Standard Variable Interest Rate relevant to the customers loan purpose and repayment type at the end of the 1 Year Guaranteed Rate period or the customer can switch to another interest rate option.
  • Customers have the option of Rate Locking their selected 1 Year Guaranteed Interest Rates at application for a period of 3 months from the date of loan application.
  • Repayment Redraw*
  • Mortgage Interest Saver Account  (MISA) 100% off-set**
  • 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 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 may 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
  • Maximum Loan Amount - no maximum
  • Minimum Term - 1 Year***
  • Maximum Term - 30 years (subject to expected retirement age)
  • Monthly, fortnightly and weekly repayment options are available (interest only is 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.
  • 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. 
  • Additional repayments are allowed however fees and an Early Repayment Adjustment may apply.***

 

* (Minimum redraw amounts and fee amounts depending on the redraw method used i.e. over the counter at any Commonwealth Bank branch: $1,000 with a $0 redraw fee, or electronically no minimum with a $0 redraw fee).

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

*** If customers decide to switch, top-up or prepay the loan in full, before the end of the 1 Year Guaranteed Rate period, they may need to pay an Administrative Fee and may also need to pay an Early Repayment Adjustment (ERA). See "HL12" in the terms and conditions for more details.   

Fact Sheet

Important Things to Know About Home Loans and Credit Cards

Home Loan Interest Rates and Fees

Calculators

Credit Policy

Application Process

During the guaranteed period the customer will have two fixed interest rates, one for principal and interest repayments and one for interest only payments.