Housing Loans
At CMB we take the opportunity to sit down with you to discuss your options before you make a decision. Unlike some lenders where you are just a number, at CMB you are a member. We take pride and care in looking after your interests.
from
5.49 ^ %
5.55 ^^ %
Because she's on our Local Choice Home Loan for owner-occupiers borrowing less than 60% Loan-to-Valuation.
Features & Benefits
We have you covered for:
- Buying your first home
- Land only loans
- Construction loans
| local choice | variable rate | fixed rate | |
|---|---|---|---|
| Fees | No monthly fees | No monthly fees | No monthly fees |
| Repayment options | Weekly, Fortnightly or Monthly | Weekly, Fortnightly or Monthly | Weekly, Fortnightly or Monthly |
| Maximum terms | 30 years | 30 years | 30 years |
| Mortgage insurance | N/A | Up to 80% of property value without Mortgage Insurance Up to 95% of property value with Mortgage Insurance |
Up to 80% of property value without Mortgage Insurance Up to 95% of property value with Mortgage Insurance |
| Redraw facility | Included | Included | N/A |
| Offset | N/A | Included | N/A |
| Extra Payments Allowed | Yes | Yes | No |
| Transfer Fees | One off $300 switch fee | N/A | One off $700 fee to transfer from Variable to Fixed |
| Apply Now | Apply Now | Apply Now |
| Local Choice | |
|---|---|
| Fees | No monthly fees |
| Repayment options | Weekly, Fortnightly or Monthly |
| Maximum terms | 30 years |
| Mortgage insurance | N/A |
| Redraw facility | Included |
| Offset | N/A |
| Extra Payments Allowed | Yes |
| Transfer Fees | One off $300 switch fee |
| Apply Now | |
| Variable Rate | |
| Fees | No monthly fees |
| Repayment options | Weekly, Fortnightly or Monthly |
| Maximum terms | 30 years |
| Mortgage insurance | Up to 80% of property value without Mortgage Insurance Up to 95% of property value with Mortgage Insurance |
| Redraw facility | Included |
| Offset | Included |
| Extra Payments Allowed | Yes |
| Transfer Fees | N/A |
| Apply Now | |
| Fixed Rate | |
| Fees | No monthly fees |
| Repayment options | Weekly, Fortnightly or Monthly |
| Maximum terms | 30 years |
| Mortgage insurance | Up to 80% of property value without Mortgage Insurance Up to 95% of property value with Mortgage Insurance |
| Redraw facility | N/A |
| Offset | N/A |
| Extra Payments Allowed | No |
| Transfer Fees | One off $700 fee to transfer from Variable to Fixed |
| Apply Now | |
Rates
owner occupier
| loan type | rate | comparison rate |
|---|---|---|
| Local Choice Home Loan <60% LVR | 5.49% p.a ^ | 5.55% p.a |
| Local Choice Home Loan 60-70% LVR | 5.59% p.a | 5.65% p.a |
| Local Choice Home Loan 70-80% LVR | 5.74% p.a | 5.80% p.a |
| Standard Variable Rate >80% LVR * | 6.49% p.a | 6.55% p.a |
| Standard Fixed Rate 1 year 1 | 6.99% p.a | 6.60% p.a |
| Standard Fixed Rate 2 year 1 | 7.39% p.a | 6.73% p.a |
| Standard Fixed Rate 3 year 1 | 7.49% p.a | 6.48% p.a |
| Loan Type | |
|---|---|
| Local Choice Home Loan <60% LVR | |
| Rate | 5.49% p.a |
| Comparison Rate | 5.55% p.a |
| Loan Type | |
| Local Choice Home Loan 60-70% LVR | |
| Rate | 5.59% p.a |
| Comparison Rate | 5.65% p.a |
| Loan Type | |
| Local Choice Home Loan 70-80% LVR | |
| Rate | 5.74% p.a |
| Comparison Rate | 5.80% p.a |
| Loan Type | |
| Standard Variable Rate >80% LVR * | |
| Rate | 6.49% p.a |
| Comparison Rate | 6.55% p.a |
| Loan Type | |
| Standard Fixed Rate 1 year 1 | |
| Rate | 6.99% p.a |
| Comparison Rate | 6.60% p.a |
| Loan Type | |
| Standard Fixed Rate 2 year 1 | |
| Rate | 7.39% p.a |
| Comparison Rate | 6.73% p.a |
| Loan Type | |
| Standard Fixed Rate 3 year 1 | |
| Rate | 7.49% p.a |
| Comparison Rate | 6.84% p.a |
investor
| loan type | rate | comparison rate |
|---|---|---|
| Standard Variable Rate <80% LVR * | 6.99% p.a | 7.05% p.a |
| Standard Variable Rate >80% LVR * | 7.49% p.a | 7.55% p.a |
| Standard Fixed Rate 1 year 1 | 7.49% p.a | 7.55 p.a |
| Standard Fixed Rate 2 year 1 | 7.74% p.a | 7.27% p.a |
| Standard Fixed Rate 3 year 1 | 8.24% p.a | 7.42% p.a |
| Loan Type | |
|---|---|
| Standard Variable Rate <80% LVR * | |
| Rate | 6.99% p.a |
| Comparison Rate | 7.05% p.a |
| Loan Type | |
| Standard Variable Rate >80% LVR * | |
| Rate | 7.49% p.a |
| Comparison Rate | 7.55% p.a |
| Loan Type | |
| Standard Fixed Rate 1 year 1 | |
| Rate | 7.49% p.a |
| Comparison Rate | 7.55% p.a |
| Loan Type | |
| Standard Fixed Rate 2 year 1 | |
| Rate | 7.74% p.a |
| Comparison Rate | 7.27% p.a |
| Loan Type | |
| Standard Fixed Rate 3 year 1 | |
| Rate | 8.24% p.a |
| Comparison Rate | 7.24% p.a |
Want to find out more? request a call back from our team, come see us in branch or click the button below
Term and conditions
Credit eligibility criteria, terms and conditions, fees and charges apply. For further details, including product-specific features and requirements, please call us on 03 5744 3713. Interest rates current as at 21st May 2025 for new lending approved on or after 21st May 2025 and are subject to change without notice.
^ Interest rate is only available to owner-occupied loans on local choice home loan principal and interest repayments with less than or equal to 60% Loan to Value Ratio (LVR). Interest rates for investment loan purposes, interest-only loans and other applicable LVR tiers will differ. The offer does not apply to refinances or switches from other Central Murray Bank home loan products. The offer is not available to company and trust account holders. The interest rate is subject to change.
^^ Comparison rate based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees and cost savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
* Loan includes the mortgage offset facility. Must be applied for at the time of loan application.
- Fixed-rate loans are for a term of 12, 24, or 36 months, after which they revert to the standard variable loan rate. They are available to new and existing loans. An application fee is applicable. Fixed-rate loans do not allow redraw, offset, or further loan amounts.
