Commonwealth Bank Viridian Line of Credit (Wealth Package)

The details shown below are for an owner occupier, investor taking out a no set repayments loan between $150,000 and $349,999 with an LVR below 80%

The details shown below are for an owner occupier, investor taking out a no set repayments loan between $350,000 and $749,999 with an LVR below 80%

The details shown below are for an owner occupier, investor taking out a no set repayments loan of at least $750,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier, Investor (No set repayments)

    LVR < 80%

    Loan: $150,000 $349,999

  • Owner Occupier, Investor (No set repayments)

    LVR < 80%

    Loan: $350,000 $749,999

  • Owner Occupier, Investor (No set repayments)

    LVR < 80%

    Loan: $750,000

6.03% p.a.

n/a

$395.00 yearly

Commonwealth Bank Viridian Line of Credit (Wealth Package)

6.03% p.a.

n/a

$395.00 yearly

5.93% p.a.

n/a

$395.00 yearly

Commonwealth Bank Viridian Line of Credit (Wealth Package)

5.93% p.a.

n/a

$395.00 yearly

5.83% p.a.

n/a

$395.00 yearly

Commonwealth Bank Viridian Line of Credit (Wealth Package)

5.83% p.a.

n/a

$395.00 yearly

Details

Rates and fees information correct as at 18 October 2018.

Rates
  • 6.03% p.a.

  • n/a

  • 0 Months

  • none

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $200.00

  • none

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • $349,999

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • none

  • $2,000 cashback for refinancers that apply before 30 November 2018 and have their loan funded by 31 January 2019. Minimum refinance amount $250,000.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 18 October 2018.

Rates
  • 5.93% p.a.

  • n/a

  • 0 Months

  • none

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $200.00

  • none

  • $395.00 yearly

  • $350.00

Other financial bits
  • $350,000

  • $749,999

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • none

  • $2,000 cashback for refinancers that apply before 30 November 2018 and have their loan funded by 31 January 2019. Minimum refinance amount $250,000.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 18 October 2018.

Rates
  • 5.83% p.a.

  • n/a

  • 0 Months

  • none

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $200.00

  • none

  • $395.00 yearly

  • $350.00

Other financial bits
  • $750,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • none

  • $2,000 cashback for refinancers that apply before 30 November 2018 and have their loan funded by 31 January 2019. Minimum refinance amount $250,000.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

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

Overall customer rating
6.8/10
Price
6.3/10
Features
6.3/10
Customer service
6.9/10
Convenience
7.9/10
Trust
6.7/10

Latest reviews of Commonwealth Bank Viridian Line of Credit (Wealth Package)

  • Overall
    7/10
    Very professional and accurate information

    The bank is great to deal with in all areas of our banking requirements. We had a few financial...

    The bank is great to deal with in all areas of our banking requirements. We had a few financial issues a few years ago and Commonwealth bank worked with us to get through and maintain the accounts.

    Price
    7/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Andrew | Queensland

    reviewed almost 2 years ago

  • Overall
    9/10
    Excellent financial package works for me

    I am extremely happy with the package of products I have with Commonwealth Bank. This has taken...

    I am extremely happy with the package of products I have with Commonwealth Bank. This has taken my income and allowed me to use it to make that money work for me, so I am not worrying about paying bills etc. They developed a plan for me and I follow the instructions and it really does make my money work for me. It's a real advantage.

    Price
    9/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10

    Narelle | Queensland

    reviewed over 3 years ago

  • Overall
    8/10
    Good features and customer service.

    Could do better on interest rates. I don't want to be asking the bank, they should provide us...

    Could do better on interest rates. I don't want to be asking the bank, they should provide us with better rates automatically. I think that should be the bank managers job! Will be looking at options in the next few weeks and simply switch.

    Price
    5/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Ambika | New South Wales

    reviewed over 3 years ago

  • Overall
    8/10
    Safety and security, but with good service to boot

    They have all the conveniences of the big bank that it is, but still an element of personal...

    They have all the conveniences of the big bank that it is, but still an element of personal service. Pros: big bank safety and convenience Cons: can be another number

    Price
    7/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    10/10

    Charles | Queensland

    reviewed almost 4 years ago

  • Overall
    9/10
    Flexible, valuable options. Convenience & support.

    I like the product that I have rather than the bank per se (I do not know "the bank"- is it...

    I like the product that I have rather than the bank per se (I do not know "the bank"- is it actually possible to know a brand?) I have the Viridian line of credit in concert with the wealth package. For me, this has been great. Despite not actually being wealthy, I have been a small time property investor, and appreciate the lower interest rate via rebate, awards points, the no fee bank accounts, and the credit card where the whole due balance is taken out automatically so I never pay card fees either. The original person I spoke to, did an absolutely great job of matching my needs with the appropriate products.

    Price
    6/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10

    Robert | Tasmania

    reviewed about 4 years ago

Commonwealth Bank

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.

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3.69% p.a.

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3.59% p.a.

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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.