Commonwealth Bank Announces Lowest Fixed Rates Ever
Michael Baumann, Executive Managing Director, Home Buying, said, “We know customers are looking to retain fixed rate certainty, with around 40% of new customers fixing their loans to take advantage of the current record low rate environment. These changes allow homeowners and investors to take advantage of our lowest fixed rates ever, on top of our already market-leading home loan solutions, including the recently announced CommBank Green Loan.
Today’s announcement comes as CommBank launches a new digital splitting tool for customers looking to split their variable home loan to enjoy the certainty of a fixed rate and the flexibility of a home loan variable.
Eligible customers can now split their home loan in NetBank and the CommBank app in a few simple steps by selecting the part of their loan and the term they wish to fix and see in real time how this split changes their repayments.
“We have made it easier than ever for eligible customers to take advantage of the new fixed rates announced today with the launch of this easy to use feature in the CommBank and NetBank app. Clients have little understanding that they can split their loan and this new tool gives clients even more control over their finances and the flexibility to recalculate and offset,” Baumann said.
- The new fixed rates will come into effect on Monday, March 22
- The new digital split tool will launch for all customers on Monday, March 22
To see our new flat rates, customers can visit https://www.commbank.com.au/home-loans/fixed-rate.html.