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Commonwealth Bank Viridian Line of Credit

Advertiser disclosure
Rate
6.03% p.a.
Comparison Rate
n/a
Service fee
$12.00 monthly
Upfront fee
$800

Details

Rates and fees information correct as at 28 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 6.03% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • n/a

  • $0.00

  • $200.00

  • n/a

  • $12.00 monthly

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • $2,000 cashback for refinancers who apply before 31 December 2020 and have their loan funded by 31 March 2021. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans.

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
6.8/10
Price
6.4/10
Features
6.3/10
Customer service
7.0/10
Convenience
7.9/10
Trust
6.7/10

Latest reviews of Commonwealth Bank Viridian Line of Credit

  • Overall 6/10
    Opportunity for improved rate consistency on VLOCs

    Commonwealth Bank's products are generally very good, and the bank has responded admirably to the Covid crisis, reducing rates and supporting customers in need. The interest rate on our VLOC product has not dropped however (interest rate 5.12%) even though the debt is recoverable against our family home (and normal home loan rates have dropped). Otherwise, the VLOC is excellent for providing flexibility.

    Read full review

    Commonwealth Bank's products are generally very good, and the bank has responded admirably to the Covid crisis, reducing rates and supporting customers in need. The interest rate on our VLOC product has not dropped however (interest rate 5.12%) even though the debt is recoverable against our family home (and normal home loan rates have dropped). Otherwise, the VLOC is excellent for providing flexibility.

    Price
    3/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Duncan, New South Wales reviewed 4 months ago
  • Overall 10/10
    Very helpful with information over the phone.

    Line of credit suits our needs as we are self employed. Great service when we have needed their assistance.

    Read full review

    Line of credit suits our needs as we are self employed. Great service when we have needed their assistance.

    Price
    7/10
    Features
    -1/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Debbi, Victoria reviewed 11 months ago
  • Overall 4/10
    Very average Bank

    They are quite inefficient in some dealings. Interest rate is pathetic and the monthly fee is ridiculous. They have totally lost consumer confidence as a result of the Banking Royal Commission.

    Read full review

    They are quite inefficient in some dealings. Interest rate is pathetic and the monthly fee is ridiculous. They have totally lost consumer confidence as a result of the Banking Royal Commission.

    Price
    5/10
    Features
    2/10
    Customer service
    1/10
    Convenience
    10/10
    Trust
    2/10
    Less
    Denise, New South Wales reviewed almost 2 years ago
  • Overall 8/10
    Very good customer service with good communication

    Pros: big bank, plenty of branches, with hi tech online banking.

    Read full review

    Pros: big bank, plenty of branches, with hi tech online banking.

    Price
    4/10
    Features
    2/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Tracy, New South Wales reviewed over 4 years ago
  • Overall 6/10
    Not good for the casually employed

    As a casually employed person I felt the bank did not have confidence in my ability to support my mortgage however I have been able to do that without their help. I had to borrow for a car else where as my insecure employment meant the Commonwealth bank did not want to lend me the money. Their lack of confidence in me has eroded my loyalty to them.

    Read full review

    As a casually employed person I felt the bank did not have confidence in my ability to support my mortgage however I have been able to do that without their help. I had to borrow for a car else where as my insecure employment meant the Commonwealth bank did not want to lend me the money. Their lack of confidence in me has eroded my loyalty to them.

    Price
    3/10
    Features
    3/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Jayne, Victoria reviewed almost 5 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.

See Commonwealth Bank home loans

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Athena

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AcceleRATES Variable Home Loan

2.34% p.a. variable

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UBank

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UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

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2.68% p.a. variable

2.69% p.a.

Bank of Queensland

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Economy

2.59% p.a. variable

2.76% p.a.

IMB Bank

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Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

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Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a.

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

loans.com.au

loans.com.au

Fixed Home Loan

n/a

n/a

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Homestar

Homestar

Star Classic Fixed Home Loan

2.06% p.a.
fixed 3 years

2.38% p.a.

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

IMB Bank

IMB Bank

Fixed Home Loan

2.39% p.a.
fixed 3 years

3.08% p.a.

AMP Bank

AMP Bank

Fixed Rate Loan (Professional Package)

2.49% p.a.
fixed 3 years

3.07% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

$0.00

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

$0.00

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

$0.00

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a.

2.32% p.a.

$0.00

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

$0.00

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

$10.00 monthly

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a.

2.67% p.a.

$0.00

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

$349.00 yearly

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.