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Commonwealth Bank of Australia

2 year Fixed Rate Home Loan

Advertised Rate

2.09

% p.a

Fixed - 2 years

Comparison Rate*

3.96

% p.a

Maximum LVR
80%
Real Time Rating™

1.87

/ 5
Monthly Repayment

$2,784

based on $650,000 loan amount for 25 years at 2.09%

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Advertised Rate

2.09

% p.a

Fixed - 2 years

Comparison Rate*

3.96

% p.a

Maximum LVR
80%
Real Time Rating™

1.87

/ 5
Monthly Repayment

$2,784

based on $650,000 loan amount for 25 years at 2.09%

Go to site

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$2,784

based on $650,000 loan amount for 25 years at 2.09%

Quick home loan review

For Broker Offer - 2 Year Fixed With Wealth Package Owner Occupier P&I $150k+

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • Parents can sign as guarantor
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • 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 Broker Offer - 2 Year Fixed With Wealth Package Owner Occupier P&I $150k+

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 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

Fortnightly, Monthly, Weekly

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

Phone

Broker

In branch

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.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $500k 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: 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?

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.