Base Variable Interest Rate Home Loan by Commonwealth Bank

Our View

The Commonwealth Bank Base Variable Interest Rate Economiser is a simple loan with some good features including the choice of either redraws or interest only repayments, loan portability and you can also repay extra money when you have it so you can pay your loan off sooner.

Key Features
Their Blurb
Product Details
Pros & Cons
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Extra Repayments	Yes
Maximum Loan Term	-
Repayment Holiday	No
Early repayments	No
Min Loan Amount	-
Special offers	Save over 55% in application fees when you sign up online.
Introductory Term	-
Minimum Loan Term	-
Ability to Split Loan	No
Max Loan Amount	-
Offset Account Available	No
Loan Type	Basic variable rate loan
Max LVR	-
Redraw Facility	Yes
Application Fee	$600
Administration Fee (monthly)	$8
Draw Down Loan Progressively	-
Redraw fee	50.00
Interest only Payments	Yes
Settlemet Fee	-
Legal Fee	-
Loan is Transferable	Yes
Line of Credit Available	No
Valuation Fee	-
Required Insurance	-

Pros

Lower interest rate
Apply online and save cash
Loan portability

Cons

You need to choose between Interest Only repayments or Redraws

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Base Variable Interest Rate Home Loan by Commonwealth Bank

Our View

Pros

Cons

Other Commonwealth Bank Products

Commonwealth Bank Product Types

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Popular products

Finance info guides

Special Offers

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