Commonwealth Bank Viridian Line of Credit

6.38% p.a.

n/a

$12.00 monthly

Rates

  • 6.38% 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

  • $600.00

  • $0.00

  • $0.00

  • $200.00

  • none

  • $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

  • none

  • none

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 Rating Price Features Service Convenience Trust
7.3

Based on 1645
Commonwealth Bank home loans reviews

6.8 6.8 7.5 8.0 7.3

Read Commonwealth Bank home loan reviews by the Mozo community

Latest reviews of Commonwealth Bank Viridian Line of Credit

Commonwealth Bank

Commonwealth Bank Viridian Line of Credit home loan review

Overall rating   8 / 10

Very good customer service with good communication

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

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 (NSW), reviewed over 1 year ago

Commonwealth Bank

Commonwealth Bank Viridian Line of Credit home loan review

Overall rating   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...

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 (VIC), reviewed about 2 years ago

Commonwealth Bank

Commonwealth Bank Viridian Line of Credit home loan review

Overall rating   7 / 10

A strong bank with good variety of products

The Viridian LOC has a higher interest rate than standard P & I loans but is convenient and easy to use. The service is usually friendly, but sometimes not reliable for follow up.

Full review

The Viridian LOC has a higher interest rate than standard P & I loans but is convenient and easy to use. The service is usually friendly, but sometimes not reliable for follow up.

    Price   4 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Margaret (VIC), reviewed about 2 years ago

Commonwealth Bank

Commonwealth Bank Viridian Line of Credit home loan review

Overall rating   0 / 10

No offset facility on discharge

Cannot be converted into offset.

Full review

Cannot be converted into offset.

    Price   3 / 10

    Features   2 / 10

    Customer service   3 / 10

    Convenience   4 / 10

    Trust   0 / 10

Less

Adam (NSW), reviewed over 2 years ago

Commonwealth Bank

Commonwealth Bank Viridian Line of Credit home loan review

Overall rating   7 / 10

Great way to clear debts quickly

Wages go directly to paying off any credit amount very quickly.

Full review

Wages go directly to paying off any credit amount very quickly.

    Price   6 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Christopher (VIC), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

*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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. 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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