Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate
Posted May 12th, 2010
and last modified January 31st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Home loans often offer a variety of features that allow you to reduce the total amount you pay. However, these loans may attract a higher interest rate due to the additional savings you can make by managing the loan properly. By taking advantage of the reduced interest rates and flexible features of the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan, you can be sure that you have a great home loan package that will save you money.
Features of the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate Home Loan
As previously mentioned the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan offers a great all-round home loan with a variety of features. These features include:
- Pre-approval. If you are searching for a home it can make it difficult if you do not know the total amount you can borrow. The Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan offers a home loan with a pre-approval term of 6 months. This will give you the peace of mind knowing that the home you make an offer on is within your reach.
- Repayment flexibility. The flexible payment feature of the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan allows you choose the method in which you pay and frequency at which you can pay your loans. You can choose between weekly, fortnightly and monthly payments, paying by credit card or by cash.
- You can make additional repayments. You can make additional repayments at any time while paying off your loan. The additional payments can be made at no extra cost and can greatly reduce the total amount you pay on the loan by reducing the interest that is charged to the loan account.
- Redraw facility. If you make additional repayments when you come into some extra money the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan also allows you to withdraw the funds if you need the money back. Furthermore, you can just use the funds to take a repayment holiday. The repayment holiday facility will allow you to use the extra funds you have accumulated to pay off the loan during the holiday period.
- Interest only option. When using the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan you can take advantage of the interest only option and only pay the interest potion of repayments for a period of time. This feature is handy if extra costs arise and you need to free up some of your income.
- Choose to add on some additional features. The Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate allows you to add on some other features that can help you save time and money. These features are:
- A transaction account with no fees;
- A pre-approved credit card;
- Loan protection insurance;
- and deposit guarantee.
Home loans are often very complicated and it can be hard to tell if you are getting the best deal. With the Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan you can be sure that the interest rate you have is low and that you have the flexibility to tailor the loan to suit your needs. The Commonwealth Bank 3 Year Special Economiser Discounted Base Variable Rate home loan also gives you the option of adding on features if you choose to further ensure that managing your loan is as easy as possible.
| Minimum Loan Amount | $10,000 | |
|---|---|---|
| Maximum LVR | 80% | |
| Maximum Insured LVR | 80% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.29% | |
| Comparison Rate | 6.50% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $600 | |
|---|---|---|
| Service Fee | $8.00 | |
| Exit Fee | $350 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher​ | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
Ask A Question About This Product