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Commonwealth Bank Home Loan Rates

Commonwealth bank assures a flexibility in interest rates on home loans applied. The bank provides its customers a choice in special repayment schemes and repayment freqencies. The borrower must be self employed or employed in an organization for more than 2 years and have at least 12 months to make reductions on the total debt. The minimum home loan that should be applied for is $10,000. You can choose from repayment options that include, weekly, fortnightly or monthly repayments. In case you pay off the loan amount within a period of 4 years then $700 as deferred establishment fees would be charged. The bank also gives out loan for a period of less than 6 months and calls it the honeymoon interest rate.

Commonwealth Bank Home Loan Interest Rates

The Commonwealth Bank home loan rates varies from the type of loan taken to the tenure till which it is applied for. To start with, the housing loan fixed rate of interest starts from 13.80% to 15.80% per annum. The home finance variable interest rate is 13.40% to 15.40% per annum. The fixed rate of interest on secured loan is 10.80% per annum. Interest rate for personal overdraft is 15.35% per annum. All these rates are subject to change and for exact home loan rates kindly contact the bank. The bank operates in a new era bringing out corporate social responsibility in the true sense. Their main aim to pass on all the benefits fo rate cut done by the reserve.

The rate of interest charged by the bank differs from the home loan type opted for. It gives out 4 optional rates which are:
  1. Introductory Rate
  2. Standard Variable Rate
  3. Base Variable Rate
  4. Fixed Rate
For more information on all the above mentioned rates, you can log on to the link below. You can also call them from your city on the customer care number given in the link. The customer care department or the bank is available 24x7.


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