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The Commonwealth Bank today announced that it has cut the interest rate on its No Fee Variable Interest Rate Home Loan.
Effective today, the bank will reduce its no fee mortgage by 13 basis points to 7.11 per cent.
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Group executive retail banking service Ross McEwan said CBA’s no fee home loan has been a market leader and this latest interest rate cut proves the bank is dedicated to offering its customers the very best.
“As Australia’s largest provider of home loans, we understand what matters to our customers,” Mr McEwan said.
“That’s why we are committed to developing market leading products that provide full flexibility and value to our customers.”
The new rate will automatically be applied to all new and existing no fee home loans, and represents a saving of $27 per month on the average No Fee home loan.
