Home Loan Comparison Table
Back to Home Loan Products
| |
Extra Home / Investment Home Loans
|
Standard Variable Rate Home / Investment Home Loans
|
Fixed Rate Home / Investment Home Loans
|
Viridian Line Of Credit |
Key Features
|
Extra Home Loan |
Extra Home Loan (Introductory Rate) |
Standard Variable Rate |
1,2,3,4 & 5 Year Fixed Rate |
|
| Top Up~ |
Yes |
Yes |
Yes |
Yes1
|
Yes |
| Portability |
Yes |
Yes |
Yes |
Yes |
Yes |
| Split Loan |
No**** |
No***** |
Yes |
Yes |
No
|
| Mortgage Advantage package^^^ |
No |
No |
Yes |
Yes |
Yes |
| Interest offset (MISA) |
No |
No |
100%
|
Partial*
|
N/A
|
| Special Repayments |
Yes |
Yes |
Yes |
Max 10,000 pa# |
Yes |
Repayment Redraw (electronically)²
|
No Minimum^ |
No Minimum^ |
No Minimum^ |
No
|
Yes+ |
| Repayment Redraw (over the counter) |
Minimum $1000^^ |
Minimum $1000^^ |
Minimum $1000^^ |
No |
Yes+ |
| Repayment holiday |
Yes |
Yes |
Yes |
No
|
N/A
|
| Repayment frequency |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
| Principle and Interest |
Yes |
Yes |
Yes |
Yes |
Yes |
| Interest Only |
Yes |
Yes |
Yes |
Yes |
Yes |
| Interest in Advance |
No |
No |
No |
Yes? |
No |
| Loan Amount and Application Options |
|
|
|
|
|
| Minimum amount |
$10,000 |
$150,000 |
$10,000 |
$10,000 |
$20,000
|
| LVR Maximum - no LMI^^^^ |
80% |
80% |
80% |
80% |
80% |
| LVR Maximum - with LMI^^^^ |
Owner occupied: 95%
Investment: 90% |
Owner occupied: 95%
Investment: 90% |
Owner occupied: 95%
Investment: 90% |
Owner occupied: 95%
Investment: 90% |
90%
|
| LVR Maximum – Interest Only^^^^^ |
Owner occupied: 80%
Investment: 90% |
Owner occupied: 80%
Investment: 90% |
Owner occupied: 80%
Investment: 90% |
Owner occupied: 80%
Investment: 90% |
N/A |
| LVR Maximum – Bridging Loans no LMI^^^^ |
80% |
80% |
80% |
80% |
N/A |
| LVR Maximum – Bridging Loans with LMI^^^^ |
90% |
90% |
90% |
90% |
N/A |
| Deposit Guarantee |
Yes |
Yes |
Yes |
Yes |
Yes |
| Guarantor Support |
Yes |
Yes |
Yes |
Yes |
Yes |
| Property Share |
Yes |
Yes |
Yes |
Yes |
Yes |
| Loan Purposes |
|
|
|
|
|
| Bridging |
No |
No |
Yes |
No |
No
|
| Building/Construction |
Yes |
Yes |
Yes |
No
|
No
|
| Business |
No |
No |
No |
No |
No |
| Home Seeker |
Yes
|
Yes |
Yes |
Yes |
Yes |
Land
|
Yes |
Yes |
Yes |
Yes |
Yes |
| Off the Plan Purchase |
Yes |
Yes |
Yes |
No |
No
|
Owner occupied / investment housing
|
Yes
|
Yes |
Yes |
Yes |
Yes |
| Personal |
Yes |
Yes |
Yes |
Yes |
Yes |
| Personal Investment |
Yes |
Yes |
Yes |
Yes |
Yes |
1Fixed Rate must be broken and an Early Repayment Adjustment may be payable.
²Repayment Redraw is not available where there is a second or subsequent mortgage to another financial institution.
~ Low documentation loans cannot be topped up as a full documentation loan. A full application is to be completed to refinance the existing Home Loan / VLOC amount, with any additional funds added to the loan amount requested
* MISA not available on Extra Home Loan/Investment Home Loan, Interest in Advance Fixed Rate Investment Home Loan.
***Borrower/s can make withdrawals at any time provided the withdrawal does not take the debit balance beyond the approval limit.
****Borrowers with an existing Extra Home Loan product, can split into multiple SVR/Fixed Rate Loans and/or Multiple Extra Home Loans.
*****Borrowers with an existing Extra Home Loan (Introductory Rate), cannot split during the Introductory Period.
# Additional repayments up to $10,000 per year, excludes Interest in Advance Fixed Rate Investment Home Loan. If your customer decides to switch or prepay your loan early, either partially or in full,they will need to pay an Administrative Fee and may also need to pay an Early Repayment Adjustment. See "HL 11" in the terms and conditions and the Early Repayment Adjustment (ERA) Fact Sheet for more details.
^ No Minimum for redraw conducted electronically (i.e. via Netbank or telephone banking), and no redraw fee applies.
^^ Minimum $1000 over the counter at any Commonwealth Bank Branch, and no redraw fee applies (ATM & EFTPOS access not available on No Fee Home Loans).
^^^Customers with a Low Doc Loan cannot apply for these options.
^^^^The maximum LVR and whether LMI is applicable can also vary depending on the circumstances of the loan. Refer to Security Lending Margins and the Postcode Lookup Tool.
^^^^^Exception applies to Interest Only Bridging Loans. During the bridging period the maximum LVR for bridging loans applies.
+ For any amount subject to available credit and daily card limits.
¦ As long as monthly interest, fees and charges are met, customer chooses when they repay.
º Repayment Redraw not available for the term of the loan.
≠Only on Investment Home Loans
Note: Maximum LVR listed are a guide only. Maximum LVR may vary depending on other factors such as loan type, loan purpose, security type and product type and is subject to Commonwealth Bank Credit Policy, which can change at anytime without notice. Click here for credit policy.
Consumer Mortgage Lending Products Terms and Conditions
Home Loan Interest Rates
Fees and Charges Brochure
Owner occupied: 95%
Investment: 90%