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Commonwealth Bank Wealth Package ($150,000-$250,000)

Posted May 7th, 2010 and last modified January 30th, 2012

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Generally, the more you borrow with a home loan provider the more that rates and fees are lowered. If you would like to take advantage of these discounts the Commonwealth bank offers the Commonwealth Bank Wealth Package ($150,000-$250,000). The Commonwealth Bank Wealth Package ($150,000-$350,000) offers discounts on interest rates, fees and charges while also offering free products with the loan. This article aims to show you what the Commonwealth Bank Wealth Package ($150,000-$250,000) offers and how much will be charged.

Commonwealth Bank Wealth Package ($150,000-$250,000)

The Commonwealth Bank Wealth Package ($150,000-$250,000) offer many features that can help you save money. These usually come in the form of add on features. However the Commonwealth Bank Wealth Package ($150,000-$250,000) provides you with discounts on interest rates and a reduction in the fees you have to pay. The savings and features that help you save on the Commonwealth Bank Wealth Package ($150,000-$250,000) are:

  • Discounted interest rate. The main feature of the Commonwealth Bank Wealth Package ($150,000-$250,000) is the discounts you receive on the interest rate. These discounts are one of the most influential features on a loan that would reduce the total cost of the loan. When borrow between $150,000 and $250,000 the Commonwealth Bank Wealth Package you receive discount of:

- 0.50%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;

- 0.50% p.a. on standard variable and fixed rate personal loans.

  • Save on charges. The Commonwealth Bank Wealth Package ($150,000-$250,000) eliminates some of the regular costs associated with regular home loans. The Commonwealth Bank Wealth Package ($150,000-$250,000) does not charge any loan establishment fees but only $375 ongoing account fees. These savings can considerable reduce the total amount you pay on the loan.
  • Interest offset account. The Commonwealth Bank Wealth Package ($150,000-$250,000) allows you to reduce the amount of interest that is charged to your account by providing you with an interest offset account. You can deposit you savings into this account and while you still have full access to you funds the amount in the account is included in the interest calculations. This can save you a lot in the interest that is charged to you.
  • Deposit guarantee. The Commonwealth Bank Wealth Package ($150,000-$250,000) gives you the option of paying a deposit guarantee instead of paying the upfront deposit. This is a great option that allows you to put off paying your deposit if you are waiting on the sale of your old home or for some other funds to clear. The fee for the deposit guarantee is from 1.2% of the overall deposit.

Most providers provide special packages for people in certain financial situations. These packages are usually offered to assist you in reducing the total amount you will pay on the loan overall. These packages usually offer a reduction in interest rates, fee free applications and other add-ons that can be used to lower the interest that you will pay. The Commonwealth Bank Wealth Package ($150,000-$250,000) is one of these packages. First and foremost, the Commonwealth Bank Wealth Package ($150,000-$250,000) loan offers you a discount on the interest rates that are charged to the account. In addition to this the Commonwealth Bank Wealth Package ($150,000-$250,000) also eliminates some of the fees that are usually offered with the other loans. By taking advantage of all the features the Commonwealth Bank Wealth Package ($150,000-$250,000) you are on the right track to saving money with your home loan.


Minimum Loan Amount$150,000
Maximum Loan Amount$250,000
Maximum LVR97%
Maximum Insured LVR97%
Mortgage Offset AccountYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Interest Rate TypeVariable
Interest Rate6.51%
2 Year Fixed Rate6.86%
3 Year Fixed Rate7.39%
Repayment TypePrinciple & Interest
Repayment FrequencyWeekly
Extra RepaymentsYes
Application Fee$0
Legal Fee$0
Valuation Fee$0
Service Fee$375
Settlement Fee$100
Exit Fee$350


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