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Home Loan Comparison Table

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  Extra Home / Investment Home Loans
Standard Variable Rate Home / Investment Home Loans


No Fee Variable Rate Home / Investment Home Loans
Fixed Rate Home / Investment Home Loans
Rate Saver Home / Investment Home Loans

Viridian Line Of Credit
Key Features
Extra Home Loan Extra Home Loan (Introductory Rate) Standard Variable Rate 12 Month Discounted 1 Year Guaranteed   1,2,3,4,5 & 7 Year Fixed Rate Base Variable Rate 3 Year Special Rate Saver  
Top Up~ Yes Yes Yes Yes Yes Yes No
Yes Yes Yes
Portability Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Split Loan No**** No***** Yes Yes∞ Yes∞ No
Yes Yes** Yes** No
Mortgage Advantage package^^^ No No Yes Yes Yes No
Yes No
No
Yes
Interest offset (MISA) No No 100%
100%
100%
No
Partial*
No
No
N/A
Special Repayments Yes Yes Yes Yes Yes Yes Max 10,000 pa# Yes
Yes Yes
Repayment Redraw (electronically)
No Minimum^ No Minimum^ No Minimum^ No Minimum^ No Minimum^ No Minimum^ No
No Minimum^ No Minimum^ Yes+
Repayment Redraw (over the counter) Minimum $1000^^ Minimum $1000^^ Minimum $1000^^ Minimum $1000^^ Minimum $1000^^ Minimum $1000^^ No Minimum $1000^^ Minimum $1000^^ Yes+
Repayment holiday Yes Yes Yes Yes Yes Yes No
Yes Yes N/A
Repayment frequency Weekly, fortnightly or monthly Weekly, fortnightly or monthly Weekly, fortnightly or monthly Weekly, fortnightly or monthly Weekly, fortnightly or monthly 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 Yes Yes Yes Yes Yes
Interest Only Yes Yes Yes Yes Yes Yes Yes Yesº Yesº Yes
Interest in Advance No No No No No No Yes? No No No
Loan Amount and Application Options                    
Minimum amount $10,000 $150,000 $10,000 $10,000 $10,000 $150,000 $10,000 $10,000 $10,000 $20,000
LVR Maximum - no LMI 80% 80% 80% 80% 80% 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%
Owner occupied: 95%
Investment: 90%
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^^^^ 80% 80% 80% 80% 80% 80% 80% 80% 80% N/A
LVR Maximum – Bridging Loans no LMI 80% 80% 80% 80% 80% 80% 80% 80% N/A N/A
LVR Maximum – Bridging Loans with LMI 90% 90% 90% 90% 90% 90% 90% 90% N/A N/A
LVR Maximum - Low Doc no LMI No No 60%
No
No
No
60%
60%
No
60%
LVR Maximum - Low Doc with LMI No No 80%
No
No
No
80%
80%
No
80%
Deposit Guarantee Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Guarantor Support Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Property Share Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Loan Purposes                    
Bridging Yes Yes Yes Yes Yes Yes Yes Yes No No
Building/Construction Yes Yes Yes No
No
No
No
Yes Yes No
Business No No No No No No No No No No
Home Seeker Yes
Yes Yes Yes Yes Yes Yes Yes Yes Yes
Land
Yes Yes Yes Yes Yes No Yes Yes Yes Yes
Off the Plan Purchase Yes Yes Yes Yes No Yes No Yes Yes No
Owner occupied / investment housing
Yes
Yes Yes Yes Yes Yes Yes Yes Yes Yes
Personal Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Personal Investment Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

 

∞ Both a 1 Year Guaranteed Rate and 12 Month Discounted Variable Rate as part of a split loan is not allowed.

~ 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 No Fee Variable Rate Home Loan/Investment Home Loan, Extra Home Loan/Investment Home Loan, Interest in Advance Fixed Rate Investment Home Loan.

** Base Variable Rate / 3 Year Special Rate Saver can only be split into Multiple Base Variable Rates (Economiser/Rate Saver).

***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.

+ 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

^^^^Exception applies to Interest Only Bridging Loans. During the bridging period the maximum LVR for bridging loans applies.    

 

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

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