Maximum CBA discount?

Discussion in 'Loans & Mortgage Brokers' started by J&E, 15th Dec, 2016.

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  1. J&E

    J&E Active Member

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    Hi all,

    I currently have around 3 million investment loan with CBA with an LVR at 78%.

    What is the maximum discount anyone has got with them recently?

    Looking at other forums once upon a time they used to offer 1.5% discount off the SVR. Is that still possible?
     
    J&E, 15th Dec, 2016
    #1
  2. Wukong

    Wukong Well-Known Member

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    We have 1.5%, not just forums, they were advertising it in shopping centres
     
    Wukong, 15th Dec, 2016
    #2
  3. God_of_money

    God_of_money Well-Known Member

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    mine is 1.45-1.6%
     
    God_of_money, 15th Dec, 2016
    #3
  4. Jerry O

    Jerry O Well-Known Member

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    I recently got a 1.27% on an IO Investment Loan of $624k 80% LVR. At 3 mil, you can definitely get your broker to beat that.
     
    Jerry O, 15th Dec, 2016
    #4
  5. J&E

    J&E Active Member

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    Hi God_of_money,

    You able to provide details of the broker you used that gave you this discount?
     
    J&E, 16th Dec, 2016
    #5
  6. J&E

    J&E Active Member

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    Hi Jerry,

    Do you have any further details of anyone I can contact regarding this?
     
    J&E, 16th Dec, 2016
    #6
  7. TroySeven

    TroySeven Well-Known Member

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    And CBA staff discount is only 70 basis points :(
     
    TroySeven, 16th Dec, 2016
    #7
    ooneil likes this.
  8. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    CBA have reduced their discounts in the last 3 mths, because that predatory pricing strategy wasnt sustainable to them financially, or on their production side.

    Max discounts are now typically 1.35/7 regardless of if the total is well above a mill

    3 mill with one lender raises concentration risk issues for me if thats the total lending one has. if its 3 mill in 12 mill others then not an issue.

    ta
    rolf
     
    Rolf Latham, 16th Dec, 2016
    #8
  9. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    yes but no MI nor fees

    ta
    rolf
     
    Rolf Latham, 16th Dec, 2016
    #9
  10. standtall

    standtall Well-Known Member

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    We have 1.5% discount on all loans but were offered a 1.37% discount on a recent purchase as according to the relationship manager, their maximum for new loan is now 1.3%.
     
    standtall, 16th Dec, 2016
    #10
  11. J&E

    J&E Active Member

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    Thanks standtall. Do you have details of the relationship manager name and number?
     
    J&E, 16th Dec, 2016
    #11
  12. Brady

    Brady Well-Known Member

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    Not true.
     
    Brady, 16th Dec, 2016
    #12
  13. Brady

    Brady Well-Known Member

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    Maximum discount I have got recently is 1.40% that was on $2M.
     
    Brady, 16th Dec, 2016
    #13
    Wukong likes this.
  14. standtall

    standtall Well-Known Member

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    Sure - feel free to send me a pm.
     
    standtall, 18th Dec, 2016
    #14
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