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Commonwealth Bank Wealth Package ($250,000-$500,000)

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

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If you borrow more money with a lender sometimes they offer you great deals that reward your loyalty. These deals can be in the form of discounts on interest rates, low fee options and additional accounts. The Commonwealth Bank Wealth Package ($250,000-$500,000) is a loan package that rewards people who have lots of business with the Commonwealth Bank. The Commonwealth Bank Wealth Package ($350,000-$750,000) offers a variety of discounts and additional features when compared with the regular loan that will save you money and time. This article will show you all the additional benefits that you can receive with the Commonwealth Bank Wealth Package ($250,000-$500,000) loan package.

Commonwealth Bank Wealth Package ($250,000-$500,000)

The Commonwealth Bank Wealth Package ($250,000-$500,000) offers you a variety of features and discounts on your loan if you borrow from $250,000 to $500,000. These features include discounts on interest rates, reduction in fees and additional accounts. Specifically these features are:

  • Discounted interest rate. The Commonwealth Bank Wealth Package ($250,000-$500,000) package offers you a discounted interest rate as the main feature of the loan. By saving on the interest rate you reduce the total amount of interest that is charged to your account and therefore, pay less money over the course of your loan. The Commonwealth Bank Wealth Package ($350,000-$500,000) offers interest rate discounts of:

- 0.60%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;

- 0.60% p.a. on standard variable and fixed rate personal loans.

  • Save on charges. The Commonwealth Bank Wealth Package ($250,000-$500,000) allows you to gain benefits from borrowing more money with the Commonwealth bank. The Commonwealth Bank Wealth Package ($250,000-$500,000) eliminates the establishment fees that are usually charged on loan accounts. Furthermore, the Commonwealth Bank Wealth Package ($250,000-$500,000) also does not charge any ongoing fees that would normally be associated with a loan account. By not paying the fees that are usually associated with loan accounts you reduce the total amount that you will pay on the loan.
  • Interest offset account. An interest offset account is an account that allows you to deposit all you savings into an account that is linked to the loan account. These funds will then be taken into consideration when the interest is calculated on the loan account. Therefore, the more money that you have in this account the less money you will pay on interest and the less money you will pay overall on the loan.
  • Deposit guarantee. Sometimes it is not feasible to save up for a deposit while you are paying rent on another house. The Commonwealth Bank Wealth Package ($250,000-$500,000) allows you to avoid paying the deposit straight away by paying off deposit guarantee fee when you start paying you loan. While you will still have to pay the deposit at a later date this can give you time to organise your funds.

By borrowing more money with a provider you may be able to take advantage of additional savings packages that may be offered with a provider. The Commonwealth Bank Wealth Package ($250,000-$500,000) does just this and allows you to do just this. The Commonwealth Bank Wealth Package ($250,000-$500,000) gives you discounts on interest rates, account fees, charges that are associated with opening accounts and allows you to take advantage of other features that can save you money. These other features are the interest offset account and the deposit guarantee feature. By taking advantage of the additional saving available with the Commonwealth Bank Wealth Package ($250,000-$500,000) you can be sure to save money while paying off your loan. Please contact us to find out more about this home loan.


Minimum Loan Amount$250,000
Maximum Loan Amount$500,000
Maximum LVR97%
Maximum Insured LVR97%
Mortgage Offset AccountYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Interest Rate TypeVariable
Interest Rate6.41%
Repayment TypePrinciple & Interest
Repayment FrequencyWeekly
Extra RepaymentsYes
Application Fee$0
Service Fee$375
Settlement Fee$100
Exit Fee$350


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