Commonwealth Bank is increasing home loan fixed interest rates for investment home loans and interest only customers to ensure we continue to meet all regulatory requirements.
Fixed rates for owner occupier customers making principal and interest repayments have not changed.
The following changes will be effective from Friday, 21 April 2017:
- Fixed rates for owner occupier home loan customers making interest only repayments are increasing by 25 basis points
- Fixed rates for investment home loan customers making interest only repayments are increasing by 50 basis points for between two to five year terms
- One year fixed rates for investment home loan customers seeking making interest only repayments are increasing by 25 basis points
- Two to five year fixed rates for investment home loan customers making principal and interest repayments are increasing by 25 basis points
Home loan customers who already have a fixed rate loan are unaffected by these changes. CBA says it will continue to offer competitive rates across its products, including the equal lowest owner occupier Standard Variable rate among the major banks. Furthermore, home buyers looking to make principal and interest repayments and live in their property will not be affected.
A table of the changes is below:
|
Fixed Rate Interest Only Owner Occupied Home Loans |
||
|
Product |
Change (p.a) |
New rate (p.a) |
| 1 year fixed rate |
0.25% |
4.64% |
| 2 year fixed rate |
0.25% |
4.24% |
| 3 year fixed rate |
0.25% |
4.34% |
| 4 year fixed rate |
0.25% |
4.64% |
| 5 year fixed rate |
0.25% |
4.84% |
|
Fixed Rate Principal & Interest Investment Home Loans |
||
|
Product |
Change (p.a) |
New rate (p.a) |
| 2 year fixed rate |
0.25% |
4.44% |
| 3 year fixed rate |
0.25% |
4.54% |
| 4 year fixed rate |
0.25% |
4.84% |
| 5 year fixed rate |
0.25% |
5.04% |
|
Fixed Rate Interest Only Investment Home Loans |
||
|
Product |
Change (p.a) |
New rate (p.a) |
| 1 year fixed rate |
0.25% |
4.84% |
| 2 year fixed rate |
0.50% |
4.69% |
| 3 year fixed rate |
0.50% |
4.79% |
| 4 year fixed rate |
0.50% |
5.09% |
| 5 year fixed rate |
0.50% |
5.29% |
