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Commonwealth Bank Wealth Package Loan ($500,000 plus)

Posted May 10th, 2010 and last modified January 30th, 2012

Commonwealth Bank Wealth Package Loan ($500,000 plus)Find out more about the productFind out more about the productFind out more about the product

If you borrow a large sum of money your may be entitled to discounts on your loans. Providers will reward your loyal business with some discounts or additional features that can help you save money. The Commonwealth Bank Wealth Package ($500,000 plus) is just one of these types of special packages. The Commonwealth Bank Wealth Package ($500,000 plus) allows you to take advantage of additional features and discounts when you borrow over $5,000,000. These additional features come in the form of interest rate discounts, reduced fees and charges and additional accounts. This article will show you what features are available to you on the Commonwealth Bank Wealth Package ($500,000 plus).

Commonwealth Bank Wealth Package ($500,000 plus)

The Commonwealth Bank Wealth Package ($500,000 plus) gives you a variety of discounts and features that can help you save money. These features are:

  • A discounted interest rate. The Commonwealth Bank Wealth Package ($500,000 plus) gives you a discounted interest rate as a reward for being a loyal customer. A discounted interest rate is a great feature that will ensure you pay less money onto the loan account over the course of the loan. The discounts that are offered with the Commonwealth Bank Wealth Package ($500,000 plus) are:
    • 0.70%p.a on a standard variable rate home loan, investment loans and viridian home loans;
    • 0.15%p.a on a standard fixed rate home and investment home loans;
    • 0.70% p.a. on standard variable and fixed rate personal loans.
  • $0 establishment fees. The Commonwealth Bank Wealth Package ($500,000 plus) loan eliminates some of the fess that are usually required when you begin a loan. The Commonwealth Bank Wealth Package ($500,000 plus) eliminates the establishments fee that is usually paid at the start of the loan. By reducing the costs of the fees you pay you are able to reduce the total amount you pay on the loan.
  • $350 ongoing fees. The Commonwealth Bank Wealth Package ($500,000 plus) has a $350 ongoing fees per year.
  • Interest offset account. The Commonwealth Bank Wealth Package ($500,000 plus) also gives you additional the chance to save more on the interest you pay by giving to the chance to use an interest offset account. The interest offset account allows you to deposit your savings into the account. These funds are then offset against the total amount that is owed on the loan and the interest is then calculated from this money.
  • Deposit guarantee. Sometimes you are not able to pay the deposit that is required on the loan. The Commonwealth Bank Wealth Package ($500,000 plus) allows you to hold off paying the deposit and only pay a mortgage insurance fee. You can continue paying this fee until you are able to organise the funds for the loan.

When you borrow more money with a provider you may be offered special rates on the loan. These discounts can include reductions in interest rates, no fees, no charges and additional accounts. The Commonwealth Bank Wealth Package ($500,000 plus) offers you all these discounts. By taking advantage of the reduced interest rate, no establishment fee, $350 ongoing account fees and the interest offset account; you should be able to reduce the total amount you pay on the loan.




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