Login
ISCOVER
Jessica Darnbrough
From today until the end of June, the Commonwealth Bank of Australia will slash 15 basis points off one of its mortgage products.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
According to an announcement by the major, CBA will cut 15 basis points from its Advance 1 Year Fixed Rate product.
In addition, borrowers that take out the loan as part of CBA’s Mortgage Advantage Package will enjoy a 50 basis point discount off the current interest rate of 7.09 per cent.
The offer is applicable to all new loans and existing loans switching to the Interest in Advance 1 Year Fixed Rate during the campaign period.
Package benefits are being applied in conjunction with this offer.
Brokers that wish to switch applications in progress to the special rate are required to submit and addendum by 30 June 2011.
Speaking to The Adviser, CBA’s executive general manager third party and mobile banking Kathy Cummings said the lender is committed to deepening its broker relationships.
“We will continue to provide the products and processes which will make it possible for brokers to achieve a high level of customer satisfaction,” Ms Cummings said.
