Commonwealth Bank 12 Month Discounted Variable Rate Home/Investment Home Loan
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Moneybuddy says
Enjoy a lower interest rate for a year with the Commonwealth Bank 12 Month Discounted Home/Investment Home Loan. You can redraw any time and make extra repayments when you have the cash. There is no option for self employed 'Low Doc' customers and it is only available for new borrowings, however.
The Basics
Interest type -
Headline interest rate -
Max LVR -
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable Yes
Line of credit available No
Product suits -
The Facts & Figures
Introductory rate -
Introductory term 12.00%
Interest rate 1 year -
Interest rate 2 years -
Interest rate 3 years -
Interest rate 4 years -
Interest rate 5 years -
Interest rate 7 years -
Interest rate 10 years -
Interest rate 15 years -
Comparison rate 1 year -
Comparison rate 2 years -
Comparison rate 3 years -
Comparison rate 4 years -
Comparison rate 5 years -
Comparison rate 7 years -
Comparison rate 10 years -
Comparison rate 15 years -
Comparison rate 8.19%
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments No
Redraw facility Yes
Repayment holiday No
Ability to split loan Yes
Extra repayments Yes
Offset account available Yes
Interest only payments Yes
The ugly stuff: fees
Application fee $600
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee $50
* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.
Pros
- Split loan for best of both worlds
- Apply online and save cash
- Loan portability
Cons
- No Low Doc functionality
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