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Mortgage Advantage and Mortgage Advantage Plus Fact Sheet

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					Mortgage Advantage and Mortgage Advantage Plus Fact Sheet
For a single annual fee, Mortgage Advantage and Mortgage Advantage Plus offers real value.

   Product Name                                                                                       Mortgage Advantage/ Mortgage Advantage Plus Concessions
                                                                                     Interest Rate Discount p.a. if total in home lending =                        Upfront                  Loan
                                                                                    $150,000-          $250,000-         $350,000-                              establishment              service
                                                                                                                                            $750,000+            fee waived              fee waived
                                                                                    $249,999           $349,999          $749,999
  Standard Variable Rate Home Loans/
  Investment Home Loans                                                                  0.5%*            0.5%*              0.6%*                  *
                                                                                                                                                0.7% #                  ¸                      ¸
  Line of Credit – Residential Equity Rate and
  Line of Credit Reference Rate                                                          0.4%              0.5%               0.6%               0.6%                   ¸                      ¸
  Fixed Rate Home Loans/Investment Home Loans                                           0.15%             0.15%              0.15%              0.15%                   ¸                      ¸
  1 Year Guaranteed Rate Home Loans/
  Investment Home Loans*                                                                  0%                0%                 0%                 0%                    ¸                      ¸
  12 Month Discounted Variable Rate Home
  Loans/Investment Home Loans *                                                           0%                0%                 0%                 0%                    ¸                      ¸
  Rate Saver Home Loans/Investment Home Loans                                           0%           0%            0%            0%              ˚                ˚
  Gold Credit Card (MAV only)                                                       No annual fee
  Platinum MasterCard (MAVPlus only)                                                No annual fee
  Streamline Account 1                                                              No monthly account fee or excess withdrawal fees 1
  CommSec Margin Loan                                                               0.25% pa discount
  Term Deposits                                                                     0.25% pa bonus interest on Term Deposits of $10,000 – $499,999 (not applicable to
                                                                                    Term Deposit headline rates)
  Loan Protection                                                                   5% ongoing discount on premium
  Financial Plan (MAVPlus only)                                                     Discount of up to $400 on a Financial plan (Statement of Advice prepared by a Commonwealth
                                                                                    Financial Planner)
  CommInsure Residential Home Packages
                                                               2
                                                                                    15% discount on a combined building and contents premium
                                                                                    10% discount on a building or contents premium
                                                                                    A further discount of 5% off the residential contents insurance premium with the back to base
                                                                                    monitored alarm system installed at the insured property
                                                                                    An additional 1% ongoing discount for each additional property insured after the rst
                                                           2
  CommInsure Investment Home Package                                                5% pa discount on a Investment Building or Investment Contents Package premium
                                                                                    7.5% pa discount on a combined Investment Building and Investment Contents Package premium
                                                                                    An additional 1% pa ongoing discount for each additional property insured after the rst

  CommInsure Car Insurance                                                          10% discount off the base premium for car insurance cover
  Mortgage Advantage Annual Fee                                                     $300 per year debited to Commonwealth Bank Gold Credit Card or transaction account
  Mortgage Advantage Plus Annual Fee                                                $495 per year debited to Commonwealth Bank Platinum Credit Card or transaction account
  Eligibility Criteria
  Minimum amount must be granted in home lending with the                      Minimum amount must be maintained in home lending with the
  Commonwealth Bank Group                                                      Commonwealth Bank Group
  $150,000                                                                     $100,000
  Other Initial and Ongoing Eligibility criteria
  Must have a Commonwealth Bank Gold Credit Card for Mortgage Advantage or a Commonwealth Bank Platinum MasterCard for Mortgage Advantage Plus.
  Also must have a Line of Credit, a Viridian Line of Credit or a transaction account with the Bank


#Loans greater than $750,000 are subject to State Manager approval.                                     on the information in this brochure, consider the appropriateness of the information having
* At the expiry of the 12 Month Discounted Variable Rate and One Year Guaranteed Rate,                  regard to their individual objectives, nancial situation and needs and, if necessary, seek
  the loan will receive a discount off the relevant Standard Variable Rate of: (a) 0.40% p.a.           appropriate professional advice.
  where the application for the loan was made on or after 11 September 2006; and (b) 0.50%              Loan Protection is issued by The Colonial Mutual Life Assurance Society Limited
  p.a. where the application for the loan was made by 10 September 2006.                                ABN 12 004 021 809 a wholly owned but non-guaranteed subsidary of the Commonwealth
Applications for nance are subject to the Bank’s normal credit approval. Full terms and                 Bank. A Product Disclosure Statement is available by calling 13 10 56, visiting
conditions will be included in the Commonwealth Bank’s loan offer. Other terms and conditions           www.comminsure.com.au or from any branch of the Commonwealth Bank, and should be
are available upon application. Other fees and charges are payable. Agents may receive bene ts          considered before making any decision about the product.
from the Bank by way of award points or commission under the CONNECT Program as a result
                                                                                                        Streamline Account and Term Deposits are issued by the Commonwealth Bank of Australia
of a successful sale of selected products referred to the Commonwealth Bank Group.
                                                                                                        ABN 48 123 123 124. General Information and Terms and Conditions are available by calling
1. Access fees apply when you use the ATMs of other nancial institutions in Australia or ASB            13 2221 (8am to 8pm, Monday to Friday), via www.commbank.com.au or from any branch of
    Bank in New Zealand, PT Bank Commonwealth in Indonesia and the Cirrus/Maestro networks              the Bank, and should be considered before making a decision about these products. If you
    overseas. However, the Bank will charge all other service fees, including NetBank service           have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.
    charges (if applicable).
                                                                                                        Investment Home Package and Residential Home Package are issued by Commonwealth
2. Insurance refers to products offered by CommInsure, a registered business name of                    Insurance Limited ABN 96 067 524 216 a wholly owned but non-guaranteed subsidiary of the
    Commonwealth Insurance Limited ABN 96 067 524 216 (“CIL”), a wholly owned but non-                  Commonwealth Bank of Australia. Product Disclosure Statements (”PDS”) are available by calling
    guaranteed subsidiary of the Commonwealth Bank of Australia. Where the Commonwealth                 13 24 23 (8am - 8pm Monday to Friday), visiting comminsure.com.au or from any branch of the
    Bank acts as an agent for CIL, the Commonwealth Bank receives a commission from CIL.                Commonwealth Bank. The relevant CommInsure Home Insurance PDS should be considered
    If more than one property is insured with CommInsure under a Residential Home Package or            before making any decision about these products.
    an Investment Home Package CommInsure will further discount the base premium for each
    additional policy, after the rst, by additional 1% pa. This discount does not apply to the rst      Colonial - banking products of the Commonwealth Bank of Australia ABN 48 123 123 124
    policy or to policies taken out before 15 March 2002.                                               CommSec Margin Loan is a product of the Commonwealth Bank of Australia, administered by its
    The discount is not cumulative and is available for new business as well as renewal of policies     wholly owned but non-guaranteed subsidiary Commonwealth Securities Limited ABN 60 067 254 399.
      rst taken out after 15 March 2002, provided that more than one property is insured through        Your Commonwealth Financial Planner is a representative of Commonwealth Financial Planning
    CommInsure at any one time. If proposals for insurance are received by CommInsure at the            Limited ABN 65 003 900 169 AFSL 231139, a wholly owned but non-guaranteed subsidiary of the
    same time for more than one property, it, at its absolute discretion, will determine which          Commonwealth Bank.
    policy, if issued, will be treated as the rst policy.
This brochure has been prepared without taking account of the objectives, nancial situation
or needs of any particular individual. For this reason, any individual should, before acting




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Description: Mortgage Advantage and Mortgage Advantage Plus Fact Sheet