Wealth Package Fixed Rate Investment Loan (Interest Only) 3 Years
Cashback
$2,000 cashback when you switch your home loan to us- Last updated on 10 Jul 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
2.59%
Variable
2.59%
Owner Occupier Discounted Variable Rate
2.89%
Fixed - 3 years
4.42%
$1,247
based on $300,000 loan amount for 25 years
Pros
- Parents can sign as guarantor
- Repayments will not change during fixed period
Cons
- Limited extra repayments
- No redraw and no offset
- Annual fee charged
- Discharge fee at end of loan
Maximum LVR 80% | Interest rate structure Fixed - 3 years |
Borrowing range $150k - $100m | Total Repayments $260,280 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $200 | Application fee $0 |
Settlement fee $200 | Valuation fee $0 |
Legal fee $0 | Other upfront fee $0 |
Ongoing fee $395 annually | Discharge fee $350 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
- Cashback $2,000 cashback when you switch your home loan to usFor refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. This offer is not available for Bridging Loans. (Owner Occupied Interest Only customers who fund on or from Tuesday 7 April 2020 are eligible for the cashback)
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.
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.
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Commbank home loan rates
As one of Australia’s largest banks and one of the biggest of the “Big 4”, Commonwealth Bank (CBA) doesn't always offer the lowest rates on the market, but is able to offer competitive home loan offers, including package deals with other financial products.
CBA has a variety of home loans available at a range of different interest rates. As a general rule, owner-occupiers get lower interest rates than investors; principal-and-interest borrowers get lower interest rates than interest-only borrowers; and borrowers with lower LVRs get lower interest rates than borrowers with higher LVRs.
Commonwealth Bank also puts different prices on its variable interest rates and its fixed interest rates. CBA’s fixed rate mortgages are available for either one, two, three, four, five or seven year terms. As a general rule, the longer you want to fix, the higher the interest rate.
