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Commonwealth Bank of Australia

4 year Fixed Rate Home Loan

Interest Rate

7.04

% p.a

Fixed - 4 years

Comparison Rate*

6.16

% p.a

Maximum LVR
80%
Real Time Rating™

2.88

/ 5
Monthly Repayment

$1,760

based on $300,000 loan amount for 25 years at 7.04%

Interest Rate

7.04

% p.a

Fixed - 4 years

Comparison Rate*

6.16

% p.a

Maximum LVR
80%
Real Time Rating™

2.88

/ 5
Monthly Repayment

$1,760

based on $300,000 loan amount for 25 years at 7.04%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,760

based on $300,000 loan amount for 25 years at 7.04%

Commonwealth Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

John Valentine

5.0
12 Reviews

Get expert advice from a home loans specialist.

I have a professional background with 19 years’ experience as a Mortgage Broker.. My loyal client base has been built by providing a high level of service to my clients. A key part of my service is to understand all client requirements and then work out a cost-effective solution that meets their needs. Over the years, I have developed excellent relationships with lenders, which enables me to offer a range of solutions. My knowledge of various lenders’ complex policies and products, allows me to set-up loan structures that meet the needs of each client, while fitting-in with lender credit requirements. I provide a variety of financial services, including: - residential finance - construction loans - business & commercial loans - SMSF loans - Reverse Mortgages etc I deal with all types of clients: - first home buyers - experienced investors - PAYG - self-employed borrowers - companies and trusts. I hold an Australian Credit Licence (477288).

NSW2154

ACL: 477288

Lee HAO

5.0
326 Reviews

Get expert advice from a home loans specialist.

Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.

VIC3128

CRN: 484532

Lisa WANG

5.0
137 Reviews

Get expert advice from a home loans specialist.

Lisa graduated with a Master of Finance from the University of Melbourne. She started her Career in Finance industry in early 2015 and has helped a lot of Australians and overseas investors enter into the property market. Her impeccable customer service, extensive Finance knowledge, and rich experience have established her reputation in the industry. A member of FBAA Wenjia(Lisa) Wang is a credit representative 509150 of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit License 391237)

VIC3124

CRN: 484532

Quick home loan review

For Wealth Package Fixed Rate Home Loan (Interest Only) 4 Years

These are the benefits of this home loan.

  • Parents can sign as guarantor
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Wealth Package Fixed Rate Home Loan (Interest Only) 4 Years

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 4 years

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

Monthly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

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

$395 annually

Discharge fee

350

Application method

Online

Phone

In branch

Available
Not available
Data not captured

Target Market Determination

Visit Commonwealth Bank of Australia to view Target Market Determination.

Other Benefits

Make your loan suit you with freedom to split your loan, rate lock and pay interest in advance. Lock in a great rate so you know what your repayments will be and can confidently plan for the future. Enjoy discounts on eligible loans and credit cards with the Wealth Package. Choose to pay Principal and Interest weekly, fortnightly or monthly. Or Interest Only monthly. $600 upfront establishment fee and $8 monthly loan service fee waived with Wealth Package.

Other Restrictions

At the end of the fixed rate period, the loan converts to the Standard Variable Package Rate relevant to your loan purpose and repayment type at that time, or you can choose a new fixed rate period. $750 rate lock fee for each rate lock request. Interest Only payments available for up to 5 years for Owner Occupied Home Loans and up to 10 years for Investment Home Loans.

Embed

Commonwealth Bank is available through brokers

Lee HAO
5.0
326 Reviews
Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.
VIC3128
CRN: 484532

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k 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 80 percent, which means it requires a minimum deposit of 20 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: monthly.

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?

No, this loan doesn't come with a redraw facility.

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.