Commonwealth Bank Changes to Interest rates

Wed, 2008-10-22 18:35

Changes to Variable and Fixed Home Loan / Investment Home Loan Rates
The Commonwealth Bank today announced that it will cut its variable interest rate and fixed rates for home loans and investment home loans, as from Thursday 30 October 2008.
Interest rates for the following lending products (new and existing borrowings) will change from Thursday 30 October 2008:
Standard Variable Rates

  • Standard Variable Rate (including Low Doc) - 0.21 percent
  • 12 Months Discounted Variable Rate - 0.21 percent
  • Base Variable Rate (Economiser/Rate Saver) (including Low Doc) - 0.21 percent
  • Base Variable Rate (3 Year Special Economiser) - 0.21 percent
  • Residential Property Investment Loan (no longer available for sale) - 0.21 percent
  • Viridian Lines of Credit Colonial Line of Credit - Residential Equity Rate (including Low Doc) - 0.21 percent
  • Equity Unlock Loan for Seniors - 0.21 percent
  • MISA Standard Variable Rate - 0.21 percent
  • MISA – 12 mth Discounted Variable Rate - 0.21 percent

Fixed Rates

  • 1 Year Guaranteed Rate No change
  • 1 Year Fixed Rate No change
  • 2 Years Fixed Rate No change
  • 3 Years Fixed Rate -0.40 percent
  • 4 Years Fixed Rate -0.25 percent
  • 5 Years Fixed Rate -0.20 percent
  • 7 Years Fixed Rate -0.40 percent
  • 10 Years Fixed Rate -0.40 percent
  • 15 Years Fixed Rate -0.40 percent

Fixed Rates
Home/Investment Home Loans (within Wealth Package/Mortgage Advantage)

  • 1 Year Fixed Rate No change
  • 2 Years Fixed Rate No change
  • 3 Years Fixed Rate -0.40 percent
  • 4 Years Fixed Rate -0.25 percent
  • 5 Years Fixed Rate -0.20 percent
  • 7 Years Fixed Rate -0.40 percent
  • 10 Years Fixed Rate -0.40 percent
  • 15 Years Fixed Rate -0.40 percent