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CBA Owner Occupied Home Loan Fixed 2 Years 1.94%, Investor Fixed 3 Years 2.39% + CBA $2,000 Refinance Bank Rebate

1000
CBA lowest fixed rates ever + $2000 CBA Refinance bank rebate

Owner Occupied
2 Year Fixed - 1.94% P&I - (3.93% comparison)

Investor
3 Year Fixed - 2.39% P&I - (4.31% comparison)

Product fees:
$200 settlement fee
$395 annual fee under Package, can combine with 100% offset on variable (no extra fee). Annual fee $395 and incl premium credit card, offset.
Fixed has break costs if closed before expiry. No break costs under variable products.

Other lenders
St George/ Bank of Melbourne + $4000 bank rebate + $2000 per additional property / or Westpac similar rates at 70LVR $3k bank rebate + $2k additional property

Owner occ 60LVR (+0.05% for 80LVR)
2 year fixed 1.79% CPR 3.33%
3 year fixed 1.88% CPR 3.25%
4 year fixed 1.89% CPR 3.16%
Variable 2.54% CPR 2.95% offset
Variable 2.44% CPR 2.46% basic no annual fee

Investor 60LVR (+0.05% for 80LVR)
2 year fixed 2.19% CPR 3.84%
Variable 2.99% CPR 3.03% offset
Variable 2.74% CPR 2.76% basic no annual fee

Still Available Lenders with up to $4k PURCHASE or refinance bank rebate, rates from

1.99% for 2 years fixed for home loans (Comp 2.92%)
2.09% for 3 years fixed for home loans (Comp 2.94%)
2.29% for basic variable rate (Comp 2.34%)
2.49% for variable with offset (Comp 2.89%)


Up to 0.4% ie $4000 Bundle Rebate (via broker only)

In ADDITION to bank rebates, Bundle Home Loans gives a rebate of 0.3%-0.4% of loan size (net at drawdown) for ANY bank or product,

We have some of the lowest rates, and can get pricing discounts up to 2.1%. Our policy is to beat any competitor/broker/lending manager with our rates and rebates, so will do whatever it takes to get the best deal for you.

Len
Bundle Property Home Loans
T: (02) 9698 7186
M: 0422354868
E: [email protected]
ACL 445947

Related Stores

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closed Comments

    • +23

      Huh? It's always hunting season for the banks. I can't feel any sympathy for institutions that rake in billions, while coddled behind government protection. It should be people's civic duty to rip as much out of the banks as they do from you.

      • +5

        It's more the mortgage market is getting stretched to the point that the banks are fighting over existing loans because less and less people are suckers to sign up for ridiculously overpriced loans.

        If you take a step back it doesn't fill me with confidence in the housing market.

        • +18

          too big to fail. governments will prop up the property market to protect the wealth of the elites and as a side effect, protect whomever owns assets.

          • +9

            @angryasian: Its not Elites they are protecting its the whole system - they built the economy around housing market and they play it how they want
            however we are now at 0% interest rates, you can get a million dollar mortgage for under 2% ez, but will it stay there?
            it has to - it just cant go up anymore or the whole house of cards they built will come crashing down
            sure they can still increase immigration
            I am watching what will happen with great interest

          • +2

            @angryasian: Those bloody elites it's all their fault… who exactly are they again?

            • @1st-Amendment: Hahaha great question. You could argue its Wall Street and Corporate interests, represented by the governments.

              Everyone else is small potatoes really, just trying to make ends meet buying some investment properties :D

          • +1

            @angryasian: Said that before the GFC as well

            • @Drakesy: Yes and they bailed out the banks and wall street (elites) and now they are richer than every and if you could hang onto your property they you have done ok. If you couldn't hold on, you got screwed.

              If you we're exposed or highley leveraged, you lost.

              Hence protecting the elites.

        • This isn't an area I'm informed about - are you saying that smaller lenders have gained so many customers that large banks are being required to adjust their rates?

          If you take a step back it doesn't fill me with confidence in the housing market.

          What could the consequences be?

          • @Festy: The bubble bursts
            Houses are only worth what the next investor is willing to pay for it.
            We were in a recession prior to covid and feel we're heading straight back there

            The last thing I'd want to carry into a recession is a mountain of debt and a house

      • +1

        Why is the comparison rate nearly double the actual rate? Is this because it's the comparison rate over the 25 year period of a loan, so includes the interest rate at 2% for 2 years then the approx 4% thereafter?

        Just for everyones FYI, inflation goes up, which means property goes up, as people want to put their capital in something other than cash.

    • +4

      Someone who doesnt know about finance talking finance

      • +1

        I'm not sure about you, but to be a financial advisor you just needed to do a 2 week course.

        This definitely does not fill me with confidence and I'd back my research over that any day

        • -1

          Financial advisors have nothing to do with knowledge in property and how rates being offered.

          • -1

            @djmm: I'd debate that.
            Who's telling a fair proportion of the investors to buy properties.

            Financial advisors.
            Where's the property bubble
            Property.

            But they still don't have a clue.

            • +1

              @Drakesy: Telling and knowing are two different things

        • +1

          2 week course, lol

    • +2

      Didn't neg you.

      People just don't get it. Lower interest rates are to promote consumer spending (not purchase of hardly job creating assets) through lower interest repayments giving more discretionary income for spending.

      Turns out people decide that they can front load future returns (bid up the price therefore increasing principle component that needs to be paid off and non tax deductible eating up any interest savings).

      If you hate the tax man then you've just shot yourself in the foot. You're way ahead if the house was $500k ($400k loan) with interest rate of 6% then it is now with a $1m property ($800k loan) and 2.5% interest rate.

      Your home isn't an investment. Simply by the fact you don't get the same tax deductions as investments. It is like me selling my shares but I'll have to be homeless, you know what choice a normal person would make (keep your shares like your house and not be homeless).

      • +2

        You're way ahead if the house was $500k ($400k loan) with interest rate of 6% then it is now with a $1m property ($800k loan) and 2.5% interest rate.

        There's more to it than that. A $2M house that goes up in value 50% in 12 months is a far better investment than a $600k house that only went up 10% in the same time (yes these are real examples).
        In your example the $500k house saved you a $thousand or two in tax but caused you to miss out on nearly $1M in profits. If that's shooting yourself in the foot then give me another gun…

        Your home isn't an investment. Simply by the fact you don't get the same tax deductions as investments.

        That is not the definition of an 'investment'. Deduct all you like, but if you are making shitty gains your investment still sucks.

        • +1

          That is not the definition of an 'investment'

          Definition is "if you sell it you don't end up being homeless." You are an typical investment genius that believe you can spend the same dollar twice or have your dollar and eat it.

          There's more to it than that. A $2M house that goes up in value 50% in 12 months is a far better investment than a $600k house that only went up 10% in the same time (yes these are real examples).

          Oh genius. Everybody knows that. With the exception that 50% unless you have an inventory of houses ready to sell you're just selling a $2m house that went up 50% to buy another $2m house that went up 50% or even worse you can't afford the $3m house that went up 50%. Now you might come back with the downsizing argument but then it really isn't a profit if you have a BMW 5 series and sold it to downsize to a 1 series. Only in housing do you have shrinkflation as profits.

          It would be fun at dinner parties if people were only allow to talk about all they missed out on rather than all the profits they made.

          • @netjock: Cometely agree

            If prices go up by 50% every year to infinity then everything will be worth infinity dollars and we'll all be gazillionaires. Just leverage as much as you can, you can't lose, look at my $5 million portfolio and I'm 25 and work at maccas, I dont own anything but I have a portfolio and $4.9 million in debt, let me show you how. Sounds like a pyramid scheme to me.

            This would be the case if wages followed however,
            House prices are still tied to one thing, wages

            Which haven't gone anywhere for years.

            • @Drakesy: You lot are all assuming people are buying in the same suburbs. 50% price rise in suburb A doesn’t necessarily correlate to a 50% price rise in suburb B. Australia is a big country.

              • @Shwibble: That is like trading down from a BMW 5 series to a Yaris and calling it a profit.

                I'm used to a jacuzzi but trade that in for $10k and sit in a bath for $1k and say at a dinner party the $9k is pure profit. That is one Jedi mind trick.

  • Does to the $4k rebate and those interest rates apply to Westpac as well? I thought they were only $3k rebate and slightly higher interest rates.

    • Westpac is 3k, I think St. George is 4k.

    • +1

      Westpac is $3k. Fixed rates are same as STG, but only need to be under 70LVR. so if you are 60-70lvr, rates will be lower at Westpac

  • What’s CBA variable rate for Owner Occupied P&I repayments with wealth package?

    • Depends on loan size, lvr etc but around 2.55%

      • Is the 2.55% with an offset account?

    • Interested in this too. Edit: answered while typing.

    • I went in last week and spoke to someone at CBA face to face, the best they offered me was 2.68%.
      That didn't seem very competitive to me.

      • +1

        also considering fixing, at least for couple of years. I dont believe paying extra interest on variable is beneficial atm since chances of interest rates going lower are slim.

      • Was the 2.68% with an offset account?

      • What's your lvr / total?

        Ive got 4 property loans with them, about $450k all up, LVR < 60%. I was on 2.85, but after a 'review' was given 2.7% (with an offset account and $395 stupid package fee).

        If others are getting 2.68 or less, I'll be making some calls, or heading to BankSA, or similar.

        • Yeah the 'wealth package' which I have no idea what benefit this is, costs me $395/year too. LVR on my PPOR is <25%

          • @1st-Amendment: I used it to get their credit card with 100k points with no fee. Converted that to $500 Coles gift cards. The following 12 months…no value whatsoever, due to 12 month waiting period. After that, reapply, rinse repeat. Their 'discounted insurance' is too expensive. I guess you can also get a $110 giftcard for $100 with their credit card and Debit card (no charge with package).

  • Dumb questions with made up numbers. If I have 100K left on the mortgage (house purchased for 140K) and house price is now 200K , is that 50% LVR? With the Bank of Melbourne rebate, how is the 4K given, reduced loan amount or cash in the offset? Will the rebate be rescinded if I refinance in a year or two?

    • +1

      Yes you would now have a 50% LVR.

      Can't comment on the other criteria, but usually they have a minimum loan amount required and it's usually a cashback.

      You don't have to give the funds back if you refinance.

    • +1

      No clawbacks on bank rebates

    • +3

      Typically the minimum loan for rebate is 250k.

      If your house is worth 400k and you still owe 200k, then refinance and take a mortgage out for 250k to get the rebate.

      Then take the mortgage with a full off set and dump the extra 50k in the offset. So you end up with a 250k mortgage, 50k in offset, and still a 400k house but you get the 4k rebate.

      • whoa I didnt know you can do that O_O

  • Assuming no unlimited offset on fixed loans?

    • Combine with a variable split for 100% offset. No extra fees

  • My broker recently negotiated 1.84% fixed for 2 years owner occupied with St George. No rebate as this was a new loan.

    • +10

      Sorry to say that is the publicly available rate and new loans are paying a $4K cashback.

      • Are new loans eligible for cashback ? I thought cashback is eligible only for refinances.

        • Correct it is for new refinance loans only - not existing customers.

          • @DingoBlue: As in new to St George, ie you have an existing loan with someone other than STG, and you refinance and move it to STG?

      • -1

        Can you show me where new loans get 4k cashback?

        • Well they are not going to pay it for existing customers. It has to be a new loan refinanced from another lender.

          If you're talking about buying a house then I apologise.

  • Any deals for variable loans?

    • +1

      Per above CBA variable around 2.55% owner occ

  • +1

    What should people do who are already with CBA?

    • +4

      Go elsewhere, or embrace the loyalty tax

    • I’m with CBA fixed at 2.29 for 2 more years sigh

      • +1

        People locking in the rate today will be saying the same thing next year.

        • -1

          People locking in the rate today will be saying the same thing next year.

          Rates can't keep going down forever. And before you parrot the 'negative interest rates in Europe!' line, there's various reasons why that is unlikely here.
          No-one has a crystal ball, but it's hard to see how rates could get any lower than 1.5% due to the costs/risks/margins of lending etc, so we have to be pretty close to the bottom now.

          • +1

            @1st-Amendment: I am not parroting anything :) I am a layman or say common man. Agreed no one has a crystal ball. But when a common man locks a rate for 2, 3, 4 years and rate gets reduced even by an inch, they whinge. It doesn't take a genius to identify global economy conditions and why fixed rates are so much lower than variable, so it won't surprise me if fixed rates gets lower than 1.94%. A lot of other lenders are offering lower than this already.

            • +2

              @ashftc: CBA have just raised the 4 year fixed rate today, so they're expecting it's going to start going up in the next few years.

            • +2

              @ashftc: Given the fixed rate for 4 and 5 years rose alongside this drop I think this was just CBA playing catchup to the market with 2 year rates and taking the opportunity to be the first of what will likely be many raising fixed rates over the 3-5 year period. rates are expected to climb, if we are not at the bottom then we are very very near to it. yes people will generally wish they had waited to pull the trigger if another small drop comes, but watch them b1tch and moan if the rises come before they lock in, it will make the current complaining seem mild by comparison.

      • I at 4.2% until next month, end of 3 year fixed with CBA.

      • Still lower than the variable though!

    • Go somewhere else seriously…sick of CBA just jumped ship to BANKSA.

    • St George/ BOM and others giving up to $4k bank refi rebate and low rates too

  • +1

    NAB is 1.89 fixed for 2 years

  • Interesting move. Seems like most of their (CBA) rates have actually increased.

  • adelaide bank is 1.99% fixed for 3 years?

  • +1

    Hey - can I switch to this if I'm already with CBA?

    • +1

      $2k bank rebate is only for refinances to CBA. St George/ BOM and others giving up to $4k bank refi rebate and low rates

  • Please Add to title $2000 rebate is for Refinanced Homes Loans only

  • +3

    1.94%

    This is a bit high. They should do more to get it to zero.

    • This is a bit high. They should do more to get it to zero.

      This is a bit high, they should pay me to buy a house.

      • They do in Denmark.

  • Currently try to get pre-approval on 2 years fix rate 2.49% interest only 88lvr for new investment loan. Anything else stand out atm?

    • Yes… Or no

  • +1

    Even the Investor offering is P & I. Is there any promotion for Interest only loan as that is what most of the Investors would prefer? Can be 2-5 years fixed.

  • Curious, I already have an existing loan. If I re-finance, do I have to do the whole application process (Bank statements, payslips etc…?) or is the process simplier?

    • +4

      From my experience, the next bank will ask for all that information again.

  • anything for variable loan?

    Please provide info on both Owner Occupied and Investment

  • My wife and I just purchased a house and the best our broker could do was a variable rate of 2.67% with CBA. Is this something we can look into?

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