Commonwealth Bank Standard Variable
5.90%
6.03%
$96
Moneybuddy says
The Commonwealth Bank Standard Variable Home Loan offers many features that many other home loan providers do not, with options of fantastic add-ons such as fee free transaction accounts!
The Basics
Max LVR 95.00%
Interest type Variable rate
Headline interest rate p.a. 5.90%
Comparison rate p.a. 6.03%
Annual fee $96
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable -
Line of credit available No
Product suits Owner - Occupier
The Facts & Figures
Introductory rate p.a. -
Introductory term -
Interest rate (p.a.) 1 year 5.90%
Interest rate (p.a.) 2 years 5.90%
Interest rate (p.a.) 3 years 5.90%
Interest rate (p.a.) 4 years 5.90%
Interest rate (p.a.) 5 years 5.90%
Interest rate (p.a.) 7 years 5.90%
Interest rate (p.a.) 10 years 5.90%
Interest rate (p.a.) 15 years 5.90%
Comparison rate (p.a.) 1 year 6.28%
Comparison rate (p.a.) 2 years 6.93%
Comparison rate (p.a.) 3 years 6.93%
Comparison rate (p.a.) 4 years 6.93%
Comparison rate (p.a.) 5 years 6.93%
Comparison rate (p.a.) 7 years 6.93%
Comparison rate (p.a.) 10 years 6.93%
Comparison rate (p.a.) 15 years 6.93%
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments -
Redraw facility Yes
Repayment holiday Yes
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 -
Comparison Rate Disclaimer -
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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Commonwealth Bank says
With a variety of features and a competitive variable rate, you’ll enjoy the flexibility of our Standard Variable Rate Home!
Key features
- Variable rate home loan with a discounted introductory rate
- $600 application fee
- $96 annual fee
- Interest only option
- Additional repayments permitted
- Split loan feature Repayment holiday
- Redraw feature to access funds
- Construction loan available
- Minimum deposit of 5%
Pros
- Availability of beneficial add-ons
- Repayment holidays permitted
- Flexible repayment options
- Can make your repayments weekly, fortnightly or monthly
- Ability to move your loan with you
- Ability to increase your loan
Cons
- $600 application fee
More from Commonwealth Bank
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