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Home Loan Comparison Table

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  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%

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