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- Wealth Package Variable Investment Loan (Principal and Interest) (LVR < 60%)
Investment Standard Variable Rate Home Loan
- Investor
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.60%
Comparison rate* p.a.
6.97%
Investment Standard Variable Rate Home Loan
- Investor
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.60%
Comparison rate* p.a.
6.97%
Calculate your repayments for this loan
$
Your estimated repayment
$3,193
based on 500000 loan amount for 25 years at 6.6%
Monthly Repayment
$3,193
Total interest
$649,586
Total payments
$1,149,586
Start date
05-2024
End date
05-2049
$1,149,586
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Investment Standard Variable Rate Home Loan
Benefits
- Interest rates ranked in the best 20%
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
Commonwealth Bank Variable Rate Home Loan overview
For Wealth Package Variable Investment Loan (Principal and Interest) (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,149,586
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Investors
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Commonwealth Bank of Australia to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$200
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$200
Other upfront fee
$0
Ongoing fee
$395
Discharge fee
$350
Other Restrictions
This loan cannot be used for business purposes.
