021

2799
MR NATHAN RICKY THOMAS
22 SADIE AVE
GOROKAN NSW 2263

28 February 2023

Your minimum repayments are increasing for your home loan - 782350979

Dear MR NATHAN RICKY THOMAS

Over the life of your home loan, your repayments may need to be adjusted to help keep you on track to repay your
home loan within the term you’ve chosen.

We’re letting you know that we need to increase your repayment amount. This can occur for a variety of reasons,
such as:
• Your interest rate has increased due to an increase in the reference rate, or you have switched your product
• You have closed your home loan package and your discount has been removed
• A fixed rate, Interest Only or introductory interest rate period you were on has ended
*#* 4124.9373.1.3 ZZ501 0204 SL.DH.S113.D059.O V03.01.35

• You have withdrawn funds from your redraw facility 1

The changes and the dates they come into effect are outlined in the table below.

Your new minimum monthly required repayment

Your current monthly minimum $2,565.00
Your new monthly minimum $2,672.00
Your new minimum is payable on 21/05/2023

Your new weekly Direct Debit $617.00

Your new total Direct Debit payments
Your new weekly Direct Debit is payable
from
Where 4 weekly payments are required in the month you will
pay a total of: $2,468.00
Where 5 weekly payments are required in the month you will
pay a total of: $3,085.00
Your total repayment amount will be due 21st of each month
28 April 2023
As your repayments are made by Direct Debit, you won’t need to
do anything. Your Direct Debit schedule remains the same. On or
after 28 April 2023, your Direct Debit amount will be updated to the
new minimum amount.

Your options
Do nothing and maintain your current payment arrangements
As your repayments are made by Direct Debit, you won't need to do anything. Your new repayment amount will
automatically commence on or after the date outlined above.

1
Including if you withdrew funds from your redraw facility on the same day your current fixed rate loan started.
 Make changes to reduce your interest charges

If you’d like more information on how we make changes to your home loan repayments or your options, visit
commbank.com.au/repaymentchanges .
Important
Please keep this letter for your records. It outlines your changed repayment arrangement and is a variation of your
contract.
We’re here to help
If you need any further help regarding your home loan, contact us by:
• Calling your Home Lending Specialist, Relationship Manager or Broker
4124.9373.1.3 ZZ284 0803 SL.DH.S113.D059.O V03.01.35

• Messaging us in the CommBank App

• Calling us on 13 2224 between 8am and 7pm Monday to Friday or 9am and 2pm Saturday
(Sydney/Melbourne time)
• Visiting any CommBank branch

If you think these changes will make it difficult for you to make your repayments, visit commbank.com.au/hardship .
We’re here to help and will work with you to develop a solution tailored to your needs.

Yours sincerely,

The CommBank Team

2
If not already registered for NetBank, you should consider whether it is appropriate for you by considering the terms and conditions available at
netbank.com.au. You can register online for NetBank if you have a CommBank Keycard, Debit Mastercard or Credit Card or you can call us on
13 2221 or visit any of our branches.
 Your Statement
Statement 16 Page 2 of 4
Account number 782350979

021 Statement period 1 Jan 2023 - 28 Feb 2023

Required $592.00 per week
2799 Repayments
MR NATHAN RICKY THOMAS
22 SADIE AVE Interest rate 5.320% per annum
GOROKAN NSW 2263 Loan balance $465,704.12 DR
Enquiries 13 2224 or your branch

Standard Variable Rate Home Loan Summary

Important note Please check the information in this statement and notify us immediately if anything is
incorrect. Keep this statement for your records.
Loan snapshot Opening balance 1 January 2023 in debit $466,759.20

Government charges Nil

Bank fees + $395.00
Interest + $3,210.92
4124.9374.2.3 ZZ284 0803 SL.DH.S113.D059.O V03.01.35

Repayments/Payments - $4,661.00
Closing balance 28 February 2023 in debit $465,704.12
Interest Interest you would normally have paid $4,027.69

Interest saved due to your offset account - $816.77

Interest you paid on your loan 01/01/23 - 28/02/23 + $3,210.92
Additional repayments As at 28 February 2023 your additional repayments are $933.00

You have the option to redraw your additional repayments. You can check your Available
Redraw balance in NetBank, the CommBank App or by contacting us. Any amount
redrawn will increase your loan balance. Contact us to check if your repayments are
sufficient to cover the increased loan balance.
Broker contact details Should you require an increase, a substitution of security and/or restructuring of your
home loan, contact your broker, Nathan Aird on 0409-220-006.
 Statement 16 Page 3 of 4
Statement period 1 Jan 2023 - 28 Feb 2023

Borrowers
NATHAN THOMAS AND CATHY NGUYEN

Standard Variable Rate Home Loan Transactions - BSB 062370 - Account 782350979
Date Transaction description Debits Credits Balance
Interest rate as of 01/01/23 - 5.070% per annum
Interest rate applied to that part of the loan equal to the
Everyday Offset Account balance(s) - 0.000% per annum
01 Jan Opening balance $466,759.20 DR
06 Jan Repayment/Payment $567.00 $466,192.20 DR
4124.9374.2.3 ZZ284 0803 SL.DH.S113.D059.O V03.01.35

13 Jan Repayment/Payment $567.00 $465,625.20 DR

20 Jan Repayment/Payment $567.00 $465,058.20 DR
21 Jan Interest charged -1,563.79 $466,621.99 DR
23 Jan Package Fee -395.00 $467,016.99 DR
27 Jan Repayment/Payment $592.00 $466,424.99 DR
03 Feb Repayment/Payment $592.00 $465,832.99 DR
10 Feb Repayment/Payment $592.00 $465,240.99 DR
Change in interest rate on 17/02/23 to 5.320% per annum $

17 Feb Interest rate applied to that part of the loan equal to the
Everyday Offset Account balance(s) - 0.000% per annum
17 Feb Repayment/Payment $592.00 $464,648.99 DR
21 Feb Interest charged -1,647.12 $466,296.11 DR
21 Feb Interest correction -0.01 $466,296.12 DR
 Statement 16 Page 4 of 4
Statement period 1 Jan 2023 - 28 Feb 2023

Standard Variable Rate Home Loan Transactions - BSB 062370 - Account 782350979
Date Transaction description Debits Credits Balance
24 Feb Repayment/Payment $592.00 $465,704.12 DR
28 Feb We confirm changes to your new minimum required repayment amount $
effective from 21/05/2023:
Interest rate (Item C): 05.320% pa.
Minimum weekly repayment amount: $617.00
Your Direct Debit Repayment Amount will increase to $617.00
per week from 28/04/2023 to meet your new required repayment.
Required monthly repayment amt (4 payment mth): $2468.00
Required monthly repayment amt (5 payment mth): $3085.00
Monthly due date: 21st
Loan Term (Item E(iv)): 32 Years and 1 Month.
28 Feb Closing balance $465,704.12 DR
4124.9375.3.3 ZZ284 0803 SL.DH.S113.D059.O V03.01.35