Colonial Commonwealth Bank Home Loans

Colonial Commonwealth Bank Home Loans - Mortgage Lender

The Commonwealth Bank of Australia was founded under legislation, namely the Commonwealth Bank Act, enacted by Andrew Fisher's Labor Government in 1911. It was the culmination of a movement which went back over half a century and became more active following Federation in 1901.

In 1916, the Commonwealth Bank moved its headquarters from Melbourne, to its new head office building on the corner of Pitt Street and Martin Place, Sydney. During 1990 the Banks headquarters were relocated to 48 Martin Place, Sydney.

Colonial Bank: On 10 March 2000, the Commonwealth Bank and Colonial Limited announced their intention to merge, with seven Commonwealth Bank shares being offered for twenty Colonial Shares. The merger received final approval from the Supreme Court of Victoria on 31 May 2000 and was completed on 13 June 2000.

Other brands include ASB (New Zealand), CommSec and CommInsure

Loan Products

Branches and offices

The Commonwealth Bank operates one of the largest financial services distribution network in the country:

1,010 branches nationally.

More than 3,800 agencies.

Over 3,200 ATMs nationally.

More than 170,000 EFTPOS terminals throughout Australia.

More than 10 call centres.

The Commonwealth Bank Group has a growing international presence through:

Retail banks in New Zealand (ASB Bank), Indonesia (PT Bank Commonwealth), Fiji (Colonial National Bank) and China (11% of Jinan City Commercial Bank and 19.9% of Hangzhou City Commercial Bank)

Commonwealth Bank branches in London, New York, Tokyo, Singapore, Hong Kong and Auckland

Wholly owned life insurance operations in New Zealand (Sovereign Insurance and Fiji (Colonial Fiji Life)

Joint venture life insurance businesses in Indonesia (Astra CMG); China (China Life CMG) and Vietnam (Bao Minh CMG)

First State funds management business in Hong Kong, Singapore, London, Fiji, China and Indonesia

Representative offices in Beijing, Shanghai Hanoi and Bangalore.

Colonial Commonwealth Bank Home Loans Points of difference

The Commonwealth Bank is a long-standing supporter of community activities and organisations. This support is directed at a broad range of activities that bring long term benefits to Australians and reflect community activities and organisations. Areas of particular emphasis include education, medical, youth, science and technology, the arts and the environment.

Good mortgage brokers understand a broad range of lender preferences and that is why it is really useful to talk to a local mortgage broker about your specific situation. They will use their knowledge and specialized software to assist you in making the most informed decision. Simply put, a mortgage broker evaluates your situation against the lenders on their panel for the best deal.  More information on how to pick a home loan or how to assess the right business loan is available right here on the X Inc. site.