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  • Commonwealth Bank Viridian Line of Credit

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    home loans

    • 7.16%variable

    • 7.35%

    • $12.00Monthly

    • $800

    Rates

    Variable rate
    7.16%
    Intro rate
    none
    Intro rate term
    none
    Intro rate type
    none
    Comparison Rate*
    7.35%
    Fixed 1 year rate
    none
    Fixed 2 year rate
    none
    Fixed 3 year rate
    none
    Fixed 4 year rate
    none
    Fixed 5 year rate
    none
    Fixed 7 year rate
    none
    Fixed 10 year rate
    none
    Fixed loan revert rate
    none

    Fees

    Application fee
    $600.00
    Legal fee
    $
    Valuation fee
    $
    Settlement fee
    $200.00
    Other upfront fee (% of loan)
    none
    Service fee
    $12.00Monthly
    Discharge fee
    $350.00
    Early Exit Fee after 1 year assuming $300,000 loan
    $0

    Features

    Repayment Frequency
    Weekly, Fortnightly, Monthly
    Extra repayments
    n/a
    Repayment holidays
    none
    Redraw facility
    n/a
    Minimum redraw amount
    $
    Split account
    yes
    Offset account
    n/a
    Other restrictions
    none
    Other benefits
    Will beat a currently advertised rate by NAB, ANZ or Westpac on an equivalent loan.

    Other financial bits

    Minimum loan amount
    $20,000.00
    Maximum loan amount
    $

    About Commonwealth Bank

    The Commonwealth Bank might be one of Australia’s oldest and largest banks, but lately it’s determined to do things differently. The Commonwealth Bank reckons it’s focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank’s wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.

    How are Commonwealth Bank home loans rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    Commonwealth Bank home loans 6.4 Based on 718
    Commonwealth Bank home loan reviews
    5.9 5.9 6.6 7.7 6.3

    Read Commonwealth Bank home loan reviews by the Mozo community

    Latest reviews of Commonwealth Bank Viridian Line of Credit

      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Financial flexibility and fair interest rate.

          1. Overall customer rating
          2. (Reviewed about 1 month ago)

        This loan account works for us because it gives us the flexibility of paying the loan as quickly as we are able. With every cent that we earn contributing to cutting down interest charges. The only catch is that you need to be budget savvy, as it ...       Full review 

        This loan account works for us because it gives us the flexibility of paying the loan as quickly as we are able. With every cent that we earn contributing to cutting down interest charges. The only catch is that you need to be budget savvy, as it is a line of credit which can be drawn on it is quite easy to spend and redraw rather than pay off the loan.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Lia from Victoria

        Was this review helpful?

        Yes
      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Best customer service

          1. Overall customer rating
          2. (Reviewed about 1 month ago)

        So far, Combank has not disappointed me. At Westlakes South Australia branch you have the friendliest and most helpful staff.       Full review 

        So far, Combank has not disappointed me. At Westlakes South Australia branch you have the friendliest and most helpful staff.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Uma from South Australia

        Was this review helpful?

        Yes
      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        User friendly

          1. Overall customer rating
          2. (Reviewed 2 months ago)

        Convenient access.       Full review 

        Convenient access.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Peter from South Australia

        1 person found this review helpful – do you?

        Yes
      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Competitive rates and great service

          1. Overall customer rating
          2. (Reviewed 2 months ago)

        This product has been great for us and our local branch, Coffs Harbour has always looked after us. Good service depends on the people you deal with and how you treat these people.       Full review 

        This product has been great for us and our local branch, Coffs Harbour has always looked after us. Good service depends on the people you deal with and how you treat these people.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Frits from New South Wales

        Was this review helpful?

        Yes
      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Friendly and reliable

          1. Overall customer rating
          2. (Reviewed 2 months ago)

        A good way to pay off your loan faster but you need to be disciplined - use credit card for everything you buy and pay in full religiously each month then you will be in front.       Full review 

        A good way to pay off your loan faster but you need to be disciplined - use credit card for everything you buy and pay in full religiously each month then you will be in front.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Sue from Victoria

        Was this review helpful?

        Yes
      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Please do yourself a favour and look elsewhere

          1. Overall customer rating
          2. (Reviewed 3 months ago)

        Much better rates and associated fees by other lenders also there was some deception in regard to the set up fees which were hidden under other names. Do yourself a big favour and shop around       Full review 

        Much better rates and associated fees by other lenders also there was some deception in regard to the set up fees which were hidden under other names. Do yourself a big favour and shop around


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Kath from South Australia

        Was this review helpful?

        Yes
      • Commonwealth Bank Viridian Line of Credit *

        • 7.16%

          variable rate

        • 7.35%

          comparison rate

        Commonwealth Bank 12 Month Discounted *

        • 7.01%

          variable rate

        • 6.31%

          intro rate

        * Fees and charges are payable

        Show Rates

        Good product for disiplined borrowers.

          1. Overall customer rating
          2. (Reviewed 3 months ago)

        Major feature of this loan is the rate being a half percent below the standard variable rate and my salary being credited directly to the account each fortnight. This helps minimise the interest paid. Discipline is required however to reduce the...       Full review 

        Major feature of this loan is the rate being a half percent below the standard variable rate and my salary being credited directly to the account each fortnight. This helps minimise the interest paid. Discipline is required however to reduce the principal loan amount by not continually drawing down funds.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank Viridian Line of Credit home loan review by Steve from Victoria

        Was this review helpful?

        Yes

    *The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan, based on the loan amount and loan term you entered. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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