Finance Details


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TitleDetails
Lender NameCBA
Loan name1 Year Guaranteed Rate (Investment)
Initial %4.79%
Ongoing %5.56%
Max Term Fixed Rate1
Max Term Interest Only15
Interest Type (Initial)Fixed
Interest Type (Ongoing)Standard Variable
Repayment FrequencyFortnightly,Monthly,Weekly
Repayment Type (Initial)P&I or I/O
Repayment Type (After Initial)Principal and Interest
Additional Loan Splits Allowed1
FinancialsFull Doc
Non ConformingNo
Product Type: CommercialNo
Product Type: Owner OccupiedNo
Product Type: InvestmentYes
Product Type: EquityYes
Product Type: ConstructionNo
Product Type: Vacant LandYes
Product Type: Line of CreditNo
Product Type: ReverseNo
Product Type: BridgingYes
NotesCBA will no longer accept applications from non-CBA customers for stand-alone refinance for investor purpose lending. Below deal scenarios will continue to be assessed: - Any investment refinance for CBA customers - Any refinance that includes both investment and owner occupied purpose lending for both new to bank and CBA customers. OTHER PRODUCT INFO: NOTE: BOTH A 1 YEAR GUARANTEED RATE AND 12 MONTH DISCOUNTED VARIABLE RATE AS PART OF A SPLIT LOAN (VARIABLE AND FIXED RATE OPTIONS) IS NOT ALLOWED. The 1 Year Guaranteed Rate Home/Investment Home Loan guaranties the introductory interest rate will not change for the first year (from the date of the first loan drawing). Features and Benefits: - Guarantees the introductory interest rate will not change for the first year from the date of the first loan drawing. - Converts to the relevant Standard Variable Interest Rate at the end of the 1 Year Guaranteed Rate period or the customer can switch to another interest rate option. - Customers have the option of Rate Locking their selected 1 Year Guaranteed Interest Rate at application for a period of 3 months from the date of loan application. - No minimum Redraw amount for transactions completed via NetBank, Telephone Banking, ATMs, EFTPOS or EFTPOB. - Minimum Redraw amount of $1,000 for transactions completed over the counter in branch. - Mortgage Interest Saver Account (MISA) 100% off-set - Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make. - Portability - the home loan can move with the customer (conditions and fees apply) - Variable and Fixed Rate Options (Split Loans). Where a Variable and Fixed progressive drawing is required the loan amount must be drawn down in the following order: - Any introductory rates (i.e. One Year Guaranteed or 12 Month Discounted), then; - Any Fixed Interest Rate, and finally - Any Variable Interest Rate
ERP Notes
BC NotesIf customers decide to switch or prepay the loan early, either partially or in full, before the end of the 1 Year Guaranteed Rate period, they will need to pay an Administrative Fee and may also need to pay and Early Repayment Adjustment (ERA).
OF Notes$8 Monthly Fee
Other Fee NotesEstablishment Fee for: Off the Plan applications is $800. Top Up or increase to an existing loan is $300. When there are two or more new home loans, investment home loans or LOCs appl
Max LVR90.00%
Capitalise LMIYes
LVR NotesLMI required above 80%. Maximum LVR 95% for Owner Occupied and 90% for Investment inclusive of LMI. The maximum LVRs for loans where the loan purpose is Personal Investment
Genuine SavingsYes
Genuine Savings NotesA minimum of 5% savings or equity must be verified for all new Home Loans where the base LVR is greater than 85% (including loans with a LVR of up to 95%).New borrowers are required to contribute a minimum 5% of the purchase price in the form of genuine savings (or equity). This will need to be verified for all new loan applications. Genuine savings can comprise of the following, and must be held for a minimum period of 3 months: A demonstrated savings pattern (regular/irregular deposits - varied amount/frequen
Min Loan$10,000.00
Max Loan$99,999,999.00
Min Term1
Max Term30
Est Fee$600.00
App Fee$0.00
Val Fee$0.00
Legal Fee$0.00
S/m Fee$200.00
Upfront Fee$800.00
Ongoing Monthly Fee$8.00
Ongoing Annual Fee$0.00
Exit Fee$350.00
Fixed Fee$0.00
Other Fee$0.00
Internet BankingYes
Credit CardNo
BPay OptionYes
Professional PackNo
Cheque AccountNo
Intro RateYes
Telephone BankingYes
Direct Salary CreditYes
Portability of LoanYes
Redraw AvailableYes
Offset Account100%
Min Redraw$0.00
Free Transactions per Month0
Loan Redraw Fee$0.00
Lender Category Big Bank