Commonwealth Bank Wealth Package

Rates and Fees verified correct on October 22nd, 2016

Get a range of discounts on your home loan so you save more.

The Commonwealth Bank Wealth Package offers you a range of discounts on loans, credit cards, insurance and everyday banking in return for an annual fee.

Interest Rate Max Insured LVR Max LVR
Standard Variable (Investor)
4.99% p.a.
Comparison Rate
5.39% p.a.
97% 80%
Standard Variable (Owner Occupier)
4.72% p.a.
Comparison Rate
5.12% p.a.
97% 80%
Product NameCommonwealth Bank Wealth Package
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$150,000
Maximum Loan Amount$10,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR97%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$0
Discharge Fee$350
Early Termination Fee$700


  • There is $0 application fee to pay with loans under this package
  • You receive discounts off the advertised variable and fixed interest rates with this package
  • You can link a 100% offset account to this home loan


  • There is a $395 annual fee
  • A discharge fee of $350 applies when you close your home loan account

Features of the Commonwealth Bank Wealth Package

The Commonwealth Bank Wealth Package offers you a variety of features and discounts on your loan if you borrow from $150,000 to . These features include discounts on interest rates, reductions in fees and additional accounts.

  • Discounted interest rate. The Commonwealth Bank Wealth Package offers interest rate discounts of:
    • 0.60% p.a on a standard variable rate home loan, investment loans;
    • 0.15% p.a on a standard fixed rate home and investment home loans;
    • 0.60% p.a. on line of credit loans.
  • Interest offset account. An interest offset account is a deposit account linked to your home loan that offsets the amount on which interest is charged.

Fees and charges

The Commonwealth Bank Wealth Package carries no upfront establishment fees, monthly loan service fees or annual credit card fees. It does have the following fees:

  • Annual package fee: $395 
  • Transfer fee: This covers the costs of transferring every single detail of your new property into your name.
  • Discharge fee: To cover the final costs of your loan.

Ready to apply?

If you think the Commonwealth Bank Wealth Package might be right for you, click the Enquire button and fill in the online form. Once completed, you will be contacted to discuss your application.

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Commonwealth Bank Wealth Package Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 13 October 2016 at 15:50.

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7 Responses to Commonwealth Bank Wealth Package

  1. Default Gravatar
    T | August 24, 2016

    I have read the Wealth Package already, when the package fee $395 will be paid by me before the home loan approve or after?
    Please reply via email.
    Thank you.

    • Staff
      Chester | August 24, 2016

      Hello T,

      Thanks for your question,

      The wealth package annual fee is made payable within 2 weeks after the package appears on your profile (this is independent on when your home loan is approved).

      I hope this helps.


  2. Default Gravatar
    Sharon | March 9, 2015

    is there a redraw fee with the wealth package. I WAS CHARGED $5 AND WAS SURPRISED TO FIND IT WAS CHARGED TO MY LOAN ACCOUNT. I WAS NOT TOLD OF A FEE FOR THIS AT THE TIME OF MY APPLICATION. It was the biggest balls up don’t know if I would go with CBA again.

    • Staff
      Shirley | March 10, 2015

      Hi Sharon,

      Thanks for your question.

      Redraw has no fees when doing so electronically, that is, transferring from Home Loan to everyday account. However, if you’re redrawing in-branch, this incurs a $5 fee.


  3. Default Gravatar
    Dean | March 6, 2015

    hi, i have just taken a CBA home loan (variable rate wealth package) I have borrowed more than I need and have some extra moneys to play with, can I pay it off my loan in say 10k or 20k lump sums at any time ?

    • Staff
      Shirley | March 6, 2015

      Hi Dean,

      Thanks for your question.

      You most definitely can – you can make additional payments at any time for however much you wish.

      However, please note that if you repay your entire loan amount early you could be liable for an early termination fee.


    • Default Gravatar
      Dean | March 6, 2015

      Thank you Shirley :)

Commonwealth Bank Wealth Package

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR


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