Commonwealth Bank 3 Year Special Economiser Base Variable Interest Rate
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Moneybuddy says
The Commonwealth Bank * Year Special Economiser Base Variable Interest Rate gives you a just that. A lower interest rate for ** months. You will need to choose between interest only payments or a redraw facility. You can also make extra repayments when you have the cash, and pay either weekly, fortnightly or monthly. If you buy another property, you can transfer the loan, saving you time and money.
The Basics
Interest type -
Headline interest rate p.a. -
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 p.a. -
Introductory term -
Interest rate (p.a.) 1 year -
Interest rate (p.a.) 2 years -
Interest rate (p.a.) 3 years -
Interest rate (p.a.) 4 years -
Interest rate (p.a.) 5 years -
Interest rate (p.a.) 7 years -
Interest rate (p.a.) 10 years -
Interest rate (p.a.) 15 years -
Comparison rate (p.a.) 1 year -
Comparison rate (p.a.) 2 years -
Comparison rate (p.a.) 3 years -
Comparison rate (p.a.) 4 years -
Comparison rate (p.a.) 5 years -
Comparison rate (p.a.) 7 years -
Comparison rate (p.a.) 10 years -
Comparison rate (p.a.) 15 years -
Comparison rate p.a. -
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 No
Extra repayments Yes
Offset account available No
Interest only payments Yes
The ugly stuff: fees
Application fee -
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Pros
- Lower interest rate
- Apply online and save cash
Cons
- No offset account to help you save interest
- Choose between interest only repayments & redraws
More from Commonwealth Bank
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