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In addition to the guarantee, the major lender has also announced it’s cutting interest rates on new three-year fixed rate home loans to 4.89% per annum.
CBA acting executive general manager for Retail Products and Customers, Clive van Horen, says customers are increasingly looking to lock in a competitive rate, with some fixed rate terms at historic lows.
“Some of our fixed home loan rates are at 20-year lows, so now is a great time for customers looking for a guaranteed rate across either the short to medium term.”
The offer is available to new and existing customers who take out a new fixed rate home/investment home loan or switch into a fixed rate home/investment home loan.
Both the fixed rate home loan guarantee and the three-year fixed rate home loan are available to new customers from today. The fixed rate guarantee will end September 30, 2013.
