CommBank offers free internet connection to home loan customers
Through NBN provider ‘More’, Australia’s largest bank is offering free internet access for three years to home loan customers.
The ABC attached the deal to customers who qualify for conditional pre-approved home loans – which are expected to save buyers up to $2,700.
Existing customers can also get 30% off More NBN plans for the first 12 months when signing up with their existing credit or debit card.
The free offer applies to the $77 per month plan, which has a typical evening speed of 50 Mbps.
Eligible customers include those with a home loan of at least $250,000 – construction loans are not eligible.
Customers must pay $250,000 or more and find a home between May 31 and December 31, 2022, and the offer must be claimed by June 30, 2023.
Dr Michael Baumann, executive general manager of the ABC’s home purchase, said it was an offer to ease cost of living pressures.
“We know the rising cost of living is being felt by all Australians, especially those looking to buy property in the current environment. We want to support pre-approved home loan customers where we can, and that includes longer-term savings on essential, ongoing bills and commitments like the internet.”
The offer comes after research from CommBank suggested the majority of Australian households are ready for rate hikes.
While the RBA is expected to raise the cash rate target on Tuesday, the target is poised to come in at either 0.60% or 0.75%, which theoretically pushes variable home loans up 25-40 points. basic.
Increasing a $600,000 30-year home loan from 2.75% per year to 3.00% per year adds $81 per month to the base mortgage payment.
Are you buying a house or looking to refinance? The table below shows home loans with some of the lowest interest rates on the market for homeowners.
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Basic criteria: a loan amount of $400,000, variable, fixed, principal and interest (P&I) real estate loans with an LVR (loan-to-value) ratio of at least 80%. However, the “Compare mortgages” table allows calculations to be made on the variables selected and entered by the user. All products will list the LVR with the product and price list which is clearly published on the product supplier’s website. Monthly repayments, once the basic criteria are modified by the user, will be based on the advertised prices of the selected products and determined by the loan amount, repayment type, loan term and LVR as entered by the user. user/you. *The comparison rate is based on a loan of $150,000 over 25 years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Rates correct as of June 6, 2022. See disclaimer.
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