Commonwealth Bank Residential Equity Rate
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Moneybuddy says
The Commonwealth Bank Viridian Line of Credit loan lets you build equity and still give you access to your funds for spending. You can pay the minimum interest only repayments each month if you wish, and have your salary paid straight into your loan account. You can redraw any amount at any time too.
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 Yes
Product suits -
The Facts & Figures
Introductory rate -
Introductory term -
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 -
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Comparison rate 5 years -
Comparison rate 7 years -
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Comparison rate 15 years -
Comparison rate -
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 $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
- Interest only repayments
- Unlimited redraws
- Loan portability
Cons
- No split loan option
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