3 Year Fixed Rate Home Loan (Owner Occupied)

 General Lending Rates

• Lending Rate Type: Fixed
• Interest Rate: 5.89%, Comparison Rate 7.80%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Fixed
• Interest Rate: 6.34%, Comparison Rate 8.20%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

• Lending Rate Type: Fixed
• Interest Rate: 6.19%, Comparison Rate 7.88%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

 Product Features

• Other Additional Information: Fixed Rates are subject to change up until funding. 'Rate Lock' is an optional feature that allows you to lock in your reference interest rates on new Fixed Rate Home Loan and Fixed Rate Investment Home Loan applications for 90 days for a non-refundable fee, charged per fixed rate loan account. This excludes Home Seeker applications, CommBank Green Loan applications, switching, splitting, top-ups, loan purpose transfers or repayment changes. Rate Lock can be requested any time before loan documents are issued and the reference interest rates applicable to your Rate Lock will be on the date we receive the completed Rate Lock consent from all applicants. The Rate Lock fee will be debited from your Related Account when the Rate Lock request is processed. If there are insufficient funds in that account, or the account is no longer open, then the Rate Lock fee will be charged to your home loan and your home loan will go into arrears (and fees may be charged). The 90 days commences when the Rate Lock request is processed. You can ask us to break the Rate Lock before funding (for example, if rates go down) and revert to the reference interest rates available on the funding date.

• Other Additional Information: You can make additional repayments of up to $10,000 for each year of your fixed rate loan, without incurring additional charges. Excluding Interest in advance periods. Administrative Fee and an Early Repayment Adjustment (ERA) may apply. See the 'Additional repayments' section in the Fixed Rate Home Loan fact sheet for more details.

• Redraw Additional Information: Redraw is not available during a fixed rate period. However, if you do make additional repayments during a fixed rate period, or had available redraw when you entered your fixed rate period, the redraw feature will become available at the expiry of the fixed rate. The amount available is adjusted so that at the end of your agreed loan term, both your loan balance and the available redraw will be zero.

• Other Additional Information: Through a top up you can borrow an additional $10,000 or more - subject to equity held in your property and our approval. However it's important to know that a top up would break your fixed rate contract and Administrative Fee and an Early Repayment Adjustment (ERA) may apply. Please contact us to discuss this. They are not permitted during the Interest in Advance period.

• Other Additional Information: Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only payments to Principal and Interest repayments. You may be charged an Administrative Fee and Early Repayment Adjustment if you switch out of your fixed rate loan.

• Other Additional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates. You may be charged an Early Repayment Adjustment fee if you split your fixed rate loan.

• Other Additional Information: Enjoy interest rate discounts, no establishment fees and no monthly loan service fees for eligible home loans, and a fee waiver on one eligible credit card. To receive these benefits you must qualify for the home loan Package and have an initial Package lending balance of at least $150,000 at the time of your application.

• Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.

• Other Additional Information: A guarantor is someone who agrees to be responsible for repaying a debt owed to us under a loan provided to another individual or business if the borrower (or borrowers) cannot make their repayments. A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require.

• Other Additional Information: This loan can be used for the purposes of owner occupied property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial) and personal needs (e.g. home renovations, consolidation of personal debt and personal investments).

• Other Additional Information: This loan cannot be used for business purposes, bridging loans, off the plan purchases and building/construction purposes

• Other Additional Information: At Maturity of the fixed term, the Fixed Rate Home loan will switch to SVR Home loan and the interest rate will revert to the SVR Rate applicable to your loan and repayment type.

• Other Additional Information: 1-30 years

 Product Eligibility

• Natural Person - Individuals.

• Business - Non-individual Borrowers. Additional Information: Non-trading Companies and/or Family/Unit/Hybrid Trusts.

• Min Age - 18. Additional Information: Individuals (natural persons, including as Trustee of a Family Trust) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.

• Other Additional Information: Applications for home loans are subject to the Bank's normal credit approval.

• Residency Status Additional Information: Individuals must either be living in Australia as an Australian citizen, New Zealand citizen, Australian permanent resident or specified temporary Australian resident; or be an overseas citizen co-borrowing with an Australian citizen or Australian permanent resident or be living overseas as an Australian citizen or Australian permanent resident.

 Bank Fees and Charges

• Establishment Fee (Variable), Amount: Not Listed.. Additional Information: $800 establishment fee charged on off the plan purchase for new and existing home loan. $600 for each of the 1st two loans plus $300 for each additional loan charged on split loans with variable and fixed rate options. $300 establishment fee charged if you increase an existing home loan. Establishment fee is payable to cover the costs the Bank incurs in establishing your loan and unless it is waived by us, is payable at the date of settlement or funding. It does not include other fees and charges also payable at the time of entering into the loan such as those associated with the settlement of the loan or the particular circumstances of the loan.

• Loan Service Fee (Periodic), Amount: 8.00. Additional Information: For home loans, unless it is waived by us, the fee is charged monthly to each Loan Account on the repayment due date.

• Rate Lock Fee (Event), Amount: 750.00. Additional Information: $750 per Rate Lock. Payable if you elect to lock in your interest rates and is charged when we set up your home loan or when your rate lock request is processed (if requested later). This non-refundable fee applies to 1-5 Year Fixed Rate home loans only. We will lock in the interest rates from when we receive your completed rate lock form and will end 90 days after we process your rate lock request. Fee applies per rate lock.

• Settlement Fee (Event), Amount: 200.00. Additional Information: $150 if the disclosure date in the contract is before 03/02/12. Payable regardless of whether we attend settlement or not, when the Bank or our representatives, arranges the funding of the loan.

• Settlement Cheque Fee (Event), Amount: 30.00. Additional Information: Payable if you require additional cheques (more than two) to fund / settle the loan. Fee applied per cheque.

• Late Payment Fee (Event), Amount: 20.00. Additional Information: For home loans - If your account falls into arrears, you will be charged a late payment fee. This fee is payable on the fifth business day after the monthly repayment due date. We will continue to charge the fee monthly until you repay all arrears or you enter into an arrangement with us for the full repayment of those arrears (even if you repay your loan weekly or fortnightly). If you break that arrangement the fee will continue to apply.

• Settlement Fee (discharge) (Event), Amount: 350.00. Additional Information: Payable if you discharge the loan, i.e. either sell part or all of the Security Property or refinance your Loan with another credit provider.

• Administrative Fee (Event), Amount: 50.00. Additional Information: An Administrative fee is payable if you repay your home loan in full before the fixed interest rate period expires; or make partial prepayments which exceed $10,000 in any year of your fixed rate loan.

• Early Repayment Adjustment Fee (Variable), Amount: Not Listed.. Additional Information: An Early Repayment Adjustment is payable if you make partial prepayments on a fixed rate loan which exceed $10,000 in any year of your fixed rate loan (including paying the loan off in full); or make full prepayment during a capped or one-year guaranteed rate period of a home loan; or switch your Fixed Rate loan before the selected fixed or guaranteed rate period expires; or Top up the amount of credit of a home loan during a fixed or guaranteed rate period.

• Additional Security Fee (Event), Amount: 150.00. Additional Information: Payable if we require you to provide more than one security (i.e. the security used to support the repayment of the loan), and one or more of these securities is 'new' i.e. does not already secure another loan. Fee is applied per 'new' security.

• Periodical Payments Or Transfers (Variable), Amount: Not Listed.. Additional Information: $1.80 plus transfer fee, bank cheque fee and postage as applicable. Payable if you arrange a periodical payment or ask us to transfer funds.

• Progressive Drawing Fee (Event), Amount: 75.00. Additional Information: Payable when the Bank makes a number of progressive payments to fund your loan amount. Payable at your final drawing. Fee is applied per drawing.

• Security Guarantee Fee (Event), Amount: 200.00. Additional Information: Payable if a guarantor is listed on the loan schedule. Fee is applied per borrower.

• Security Substitution Fee (Event), Amount: 300.00. Additional Information: Payable if you ask us to substitute one of your securities with another.

• Stop Payment Notice Fee (Event), Amount: 15.00. Additional Information: Payable if you ask us to stop payment on a cheque you have written. Fee is applied per request.

• Voucher Fee (Variable), Amount: Not Listed.. Additional Information: $4 per voucher (minimum charge $12) or $60 per hour spent to retrieve voucher(s). Payable if you ask us to retrieve a voucher (i.e. deposit, credit or debit slips) that records a transaction on the Loan Account.

• Trust Investigation Fee (Variable), Amount: Not Listed.. Additional Information: To be advised when we calculate the fee. Payable if we incur investigation cost for loans involving a Trust. This fee applies even if we don't give you a loan. (Refer to UTC Clause 2.1)

• Home Loan Package Fee (Periodic), Amount: 395.00. Additional Information: The fee is charged annually to your nominated account when you add a Wealth Package (non-broker customers only) or Mortgage Advantage (broker customers only) to your eligible home loan to access special discounts. To be eligible for a Package you must have an initial 'Package lending balance' (total of all eligible home loans and the credit limit of Viridian Line of Credit) of at least $150,000 at the time of applying.

• Lenders' Mortgage Insurance/low Deposit Premium (Variable), Amount: Not Listed.. Additional Information: Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) may apply where there is an increased risk associated with a home loan. The circumstances of your loan determine whether a loan will incur LMI or LDP. They are a one-off cost added to the total loan amount. The LMI premium is passed on to you and is not an establishment fee. The LDP is a bank fee and not an establishment fee.

• Annual Service Fee (Periodic), Amount: 33.00. Additional Information: Payable if your home loan is with the former State Bank of Victoria and the terms and conditions state the fee is required.

 Limitations & Restrictions (Constraints)

• Opening Balance of 10000.00 Additional Information: For a Fixed Rate Loan, there is a minimum loan amount of $10,000 for new loans.

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