Commonwealth Bank of Australia (CBA): We want the CBA not to apply the new name and fees to our loans.
This petition made change with 26 supporters!
The CBA has written to inform those with Low Doc loans that our loans are going to be renamed and as such, charge us a higher rate of interest.
It appears that the CBA have decided that those who have LowDoc loans are a "higher risk" to them, and as such have brought in this new policy, effective from the 14 December 2012.
This is underhanded and unfair.
Many people with existing loans have a track record that the CBA can easily review. Many of us always pay on time, and some are even ahead with their payments.
If the CBA want to bring in this new policy, then they should apply it to new loans only.
We demand that our home loans remain in-line with the CBA standard variable rate, and that we, existing customers, are NOT penalised.
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