CBA increase rate for investors with interest only repayments

Posted Wednesday, 15 February 2017 at 11:55 by Shape Home Loans
Tagged: LVR for investors | APRA lending laws | Loan for investor | Investors | interest rates | tax deductible | interest only | Tax | Equity Release
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Commonwealth Bank Rate increase for existing and new investment loans with interest only repayments

Commonwealth Bank has today announced an increase in interest rates for Investor Variable Interest Only Home Loans and Viridian Line of Credit Loans. 

• Interest only variable interest rates for new and existing Investment Home Loans will increase by 12 basis points.
• Viridian Line of Credit (VLOC) interest rates will increase by 4 basis points for new and existing customers

These changes will be effective from 3 April 2017

If you like to change your loan to Principle and interest repayment this can be done for free by contacting our office (info@shapehomeloans.com.au OR 1300 745626)

Note: Other banks has not made any announcements.

Out of the big 4 banks; Only ANZ does not have a difference in rate for interest only or principle and interest repayments- we expect ANZ to make a simliar move very soon.

Most smaller lenders and credit union also don't against discriminate interest only repayments loan.