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Commonwealth Bank Fixed Rate Home Loan

Fix your rate and plan your budget effectively with a Commonwealth Bank Fixed Rate Home Loan.

A fixed rate loan from the Commonwealth Bank lets buyers and investors set their repayments in place for a certain period of time. This means that you won't be surprised by your repayments suddenly going up.

$2,000 refinance cashback offer

If you refinance to the Commonwealth Bank from another lender you could be eligible for a $2,000 cashback. The offer applies to principal and interest owner occupier home loans and all investment and Viridian line of credit loans. You need to refinance a loan amount of at least $250,000 and apply before 03 August 2020 and have your loan funded by 09 October 2020.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed (Investor, IO)
3.04% p.a.
Comparison Rate
5.07% p.a.
90% 80%
1 Year Fixed Rate (Owner Occupier, IO)
3.54% p.a.
Comparison Rate
4.60% p.a.
95% 80%
1 Year Fixed Rate (Owner Occupier, P&I)
2.44% p.a.
Comparison Rate
4.50% p.a.
95% 80%
1 Year Fixed (Investor, P&I)
2.84% p.a.
Comparison Rate
5.05% p.a.
90% 80%
2 Year Fixed (Investor, IO)
3.04% p.a.
Comparison Rate
4.89% p.a.
90% 80%
2 Year Fixed (Investor, P&I)
2.84% p.a.
Comparison Rate
4.85% p.a.
90% 80%
2 Year Fixed Rate (Owner Occupier, IO)
3.54% p.a.
Comparison Rate
4.51% p.a.
95% 80%
2 Year Fixed Rate (Owner Occupier, P&I)
2.44% p.a.
Comparison Rate
4.31% p.a.
95% 80%
3 Year Fixed (Investor, IO)
3.04% p.a.
Comparison Rate
4.73% p.a.
90% 80%
3 Year Fixed (Investor, P&I)
2.84% p.a.
Comparison Rate
4.67% p.a.
90% 80%
3 Year Fixed Rate (Owner Occupier, IO)
3.54% p.a.
Comparison Rate
4.43% p.a.
95% 80%
3 Year Fixed Rate (Owner Occupier, P&I)
2.44% p.a.
Comparison Rate
4.15% p.a.
95% 80%
4 Year Fixed Rate (Owner Occupier, P&I)
3.14% p.a.
Comparison Rate
4.22% p.a.
95% 80%
4 Year Fixed (Investor, IO)
3.44% p.a.
Comparison Rate
4.71% p.a.
90% 80%
4 Year Fixed Rate (Owner Occupier, IO)
3.94% p.a.
Comparison Rate
4.48% p.a.
95% 80%
4 Year Fixed (Investor, P&I)
3.24% p.a.
Comparison Rate
4.63% p.a.
90% 80%
5 Year Fixed (Investor, IO)
3.44% p.a.
Comparison Rate
4.59% p.a.
90% 80%
5 Year Fixed (Investor, P&I)
3.24% p.a.
Comparison Rate
4.50% p.a.
90% 80%
5 Year Fixed Rate (Owner Occupier, IO)
3.94% p.a.
Comparison Rate
4.44% p.a.
95% 80%
5 Year Fixed Rate (Owner Occupier, P&I)
3.14% p.a.
Comparison Rate
4.12% p.a.
95% 80%
Product NameCommonwealth Bank Fixed Rate Home
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$10,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Loan Redraw FacilityNo
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$8 monthly ($96 p.a.)
Settlement Fee$200
Discharge Fee$350

Pros

  • You can pay extra payments during the fixed term without penalty
  • You can borrow up to 95% of the property value

Cons

  • There is a $600 application fee
  • There is an $8 per month account fee
  • A discharge fee of $350 applies when you close your home loan account

What do I need to know about this loan?

This loan is available to those wishing to buy a home and investors purchasing an investment property. This is a fixed rate loan. At the end of the fixed period the interest rate will revert to the Commonwealth Bank's Standard Variable Rate loan.

Features of the Commonwealth Bank Fixed Rate Loan

A Fixed Rate Loan from the Commonwealth Bank allows borrowers to fix their interest rate on their home loan. Other features include:

  • Interest-only payments: The combination of fixed interest and interest-only payments can be good for investors looking to maximise their cash flow for other investments.
  • Deposit size: You can borrow up to 95% of your property's value, depending on your loan purpose. Keep in mind that if your deposit is below 20% you may need to pay lenders mortgage insurance.
  • Split Loan: you have the option to use this loan for part of the total amount borrowed and another loan for the remaining amount.
  • Extra repayments: You can make additional payments on this loan in order to pay it off more quickly.
  • Loan portable. The loan is portable, meaning you can keep this mortgage even when switching to a new property.

What fees and charges come with this loan?

The Commonwealth Bank Fixed Rate Loan has several fees you should be aware of.

  • Service fee: $8. This fee is charged monthly.
  • Application fee: $600. This fee is charged during the application.
  • Settlement fee: $200. This fee covers settlement costs.
  • Discharge fee: $350. You pay this fee when exiting the loan.

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2 Responses

  1. Default Gravatar
    KatyOctober 21, 2019

    Can my $100 000 blue chip shares be used an equity for a $300 000 investor home loan

    • Default Gravatar
      NikkiOctober 23, 2019

      Hi Katy,

      Thanks for getting in touch!

      You can use your blue-chip share to boost your application strength and borrowing power but it cannot be used as a deposit for the investor home loan.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

Commonwealth Bank Fixed Rate Home

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $600 / $8

  • Max LVR

    80%

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