• 2,000,000 maximum amount
• Customers can Top Up their CBA or Colonial Home Loan or Viridian Line Of Credit account using one of the following methods:
  • Broker (by completing an internal refinance with a top up feature).
    
  • CBA Branch Network or by phone via Direct Banking (13 2224), and
• Minimum increase amount $10,000.
• If the existing loan is a fixed or guaranteed interest rate:
  - an Early Repayment Adjustment (ERA) / Early Termination Interest Adjustment (ETIA) will be payable on the existing balance and
  - the new maximum loan amount must be negotiated at current interest rates.
  Alternatively, your customer may choose to establish a separate loan account, although a Loan Service Fee will be charged on the additional loan account.
• Top-ups are allowed on all existing solutions. The interest rate cannot remain on an introductory interest rate unless the Top Up borrowing represents more than 50% of the total new debt.
• Loans may be rewritten over a maximum Contracted Loan Term of 30 years (from the date of top-up funding), subject to the usual credit test for Acceptable Repayment Term.
• Existing special repayments must be either included or excluded in the new maximum loan amount contract.
• Top ups funded on a progressive basis convert to interest only during the progressive period. Interest charging date will convert to 15th monthly until loan is fully drawn. Customers who have a Top up funded on a progressive basis must meet payments by direct entry during the interest only period. Subject to an acceptable security position being maintained, customers may fund entire loan and place funds in either the related account, redraw or MISA facility (this will ensure principal and interest repayments continue).
• The customers instalment date remains the same and new instalment will apply one full month from anniversary date following funding.
• LMI premiums (if applicable) will be calculated on the new loan amount using current LMI policy.  Previous LMI premiums paid will be subtracted from the amount payable.

• Existing customer information in CBA is used to assess the credit risk profile resulting in reduced manual verifications.
• Customers will keep the same loan/account number
• Simplified loan documentation, a Notice of Variation (NOV) replaces the full loan contract. Customers can choose to receive a NOV via NetBank. Customers can also opt to receive a SMS alert when NOV is delivered to NetBank.
• Funding process is automated and removes the need for manual funding.

For all current commission structures and information please refer to your Head Group.