More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/CBA.png
Comparison Rate
4.4
Name
Extra Home Loan $150k+ 2 Year Variable Discount Special Owner Occupied IO
Lender
Commonwealth Bank
Product Name
Extra Home Loan Intro
Product Details
A variable rate product that offers customers a discounted rate for 2 yrs then reverts to a 0.10% discount off the reference rate. Interest only max 80% LVR (up to 5 yrs). Available for owner occupied, bridging, land. Not available for business purposes or companies/trusts. Switching from an existing CBA loan may be permitted only with a min of $150k new borrowings on the existing loan balance.
Variable Rate
4.87
Fixed Rate
Fixed Period
Introductory Discount Rate
4.21
Discount Period
24
Application Fees
0
Discharge Fees
350
Ongoing Fees
0
Valuation Fees
0
Lenders Legal Fees
0
Lenders Settlement Fees
200
Minimum Loan Amount
150000
Max Loan Amount
0
Owner Occupied
Y
Investment
N
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
Y
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
Y
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
1
Max Loan Term (years)
30
Rate Details
Discount of 0.76% (already included). Revert to 0.10% discount of Owner Occupied reference rate
Fee Details
$600 Establishment fee and $8 monthly fee waived
Internet Banking
Y
Mortgage Offset Available
N
Redraw Details
Min amt $1000 if over the counter- no min if electronic
Redraw Facility
Y
Construction
Y
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
N
Split Details
N/A