CBA, NFC detail spring offers
By
BN
|
2/09/2010 5:30:00 AM
|
0
comments
Commonwealth Bank and National Finance Club have started the new season with fresh offers on fees and commissions.
CBA has waived the establishment fee on one of its 'no-frills' mortgages for the spring season, with the offer available on its 6.68% three-year Rate Saver Home Loan until 31 October.
The bank's changes represent a saving of $600 upfront, with the offer made in conjunction with the $0 Loan Service Fee for the life of the loan, which equates to a saving of $96 per year.
CBA's three-year Rate Saver is a 'no frills' variable rate home loan without the features and flexibility the Standard Variable Rate Home Loan offers. It features a three-year discount off CBA's basic variable rate.
Meanwhile, mortgage manager National Finance Club is offering a "Spring Carnival Special" on its LowDoc 60 product, with what it says is an "unparalleled" upfront commission of 1%. The offer to increase the commission by 0.3% will be available until Melbourne Cup day on 2 November.
National Finance Club managing director Andrew Clouston said the group's recent success in securing ING Direct funding has enabled the group to be more flexible with its product range.
Related stories:
NFC secures ING Direct funding
Spring to see investor surge
Latest Comments