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Commonwealth Bank of Australia

Extra Home Loan

Advertised Rate

3.13

% p.a

Variable

Comparison Rate*

3.14

% p.a

Maximum LVR
95%
Real Time Rating™

1.97

/ 5
Monthly Repayment

$1,443

based on $300,000 loan amount for 25 years at 3.13%

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Advertised Rate

3.13

% p.a

Variable

Comparison Rate*

3.14

% p.a

Maximum LVR
95%
Real Time Rating™

1.97

/ 5
Monthly Repayment

$1,443

based on $300,000 loan amount for 25 years at 3.13%

Go to site

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,443

based on $300,000 loan amount for 25 years at 3.13%

Quick home loan review

For Extra Home Loan (Principal and Interest) (LVR 80%-95%)

These are the benefits of this home loan.

  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Extra Home Loan (Principal and Interest) (LVR 80%-95%)

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

$200

Application fee

$0

Valuation fee

$0

Settlement fee

$200

Other upfront fee

$0

Ongoing fee

$0 monthly

Discharge fee

$350

Application method

Phone

In branch

Other Restrictions

This loan cannot be used for bridging loans and business purposes.

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Commonwealth Bank is available through brokers

Madhu Chaudhuri
5.0
20 Reviews
Madhu Chaudhuri’s journey from a practicing Architect to a Broker has shaped her 27-year career in Australia culminating in the formation of her company Finance & Mortgage Solutions in 2001. Her vision to assist people to grow themselves financially, to be able to contribute and flourish in the community is the foundation of her practice, resulting in Industry recognition at the State and National level as a top mortgage broker. At FMS, Madhu leads a multi-lingual team to design and engineer finance solutions whether to build a home and material stability or supporting emerging entrepreneurs to open and run small businesses in their local communities. Coming to Australia as an immigrant herself more than 20 years ago, Madhu has lived experience and understanding of some of the struggles of relocating financially and emotionally- especially for migrants. Recognising the need for multi-lingual and multi-cultural access points, FMS has filled this need for migrant journey’s to be heard and supported. She donates her time for various women’s groups such as Saheli Club and Indian Mums Sydney and receives genuine fulfillment when counselling and advising on financial matters to help women achieve financial independence. She has now also been invited to Lean In Org to be the financial mentor in a workshop series for migrant women. Madhu’s drive lies in genuine connection with the community, recognising that it is built by diverse perspectives and experiences and there is a lot to learn from the young and old collectively. Madhu has sponsored an annual ‘Good Word Award’ at the local public school to support public speaking and communication programs for children for the past 7 years, as well as regular events and outing for the aged South Asian community. Finance & Mortgage Solutions strength lies in guiding, mentoring and coaching clients as well as brokers, which has resulted in growth in cities including Sydney, Melbourne, Brisbane, Adelaide & Canberra. Their services break down a pathway for migrants to financial autonomy into achievable milestones to build a strong, foreseeable financial future in their new country.
ACT2604
ACL: 384375

Response time: in 31 minutes

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Commonwealth Bank of Australia allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Commonwealth Bank of Australia allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $200 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Commonwealth Bank of Australia makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Commonwealth Bank of Australia loan is available through a broker. Find a broker to help you with your needs.