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Home Loan Refinance Rebates

Banks are competing for your Home Loan

Multiple of our big lenders are offering rebates when you refinance your home loan. Now is a good time to benefit from the competition between banks.

We can help to see if it is worthwhile for you to refinance. This can depend on interest rate, LMI premium, available rebates and other factors. We will make sure there are no hidden eligibility criteria which makes you miss out on the rebate.

 

Example of one of the current offers*

One of our major banks is offering Velocity Points and  $1,250 cashback to borrowers who refinance their mortgage with them. Effective Monday 1 October 2018, changes apply to their current home loan offers:

200,000 or 500,000 Velocity Points Home Loan Offer: 

Eligible customers who buy an Owner Occupied or Investment Property and take out a new home loan under the Premier Advantage Package will be eligible for the Velocity Points Home Loan Offer.

Eligible customers may receive 200,000 or 500,000 Velocity Points when they buy an Owner Occupied or Investment Property and take out a new home loan under the Premier Advantage Package. This offer is no longer for available for external refinance customers.

  • 200,000 Velocity Points: Min loan size of $250,000
  • 500,000 Velocity Points: Min loan size of $1,000,000

Eligibility criteria:

  • Offer available for customers who buy an Owner Occupied or Investment Property and take out a new home loan.
  • Offer excludes all refinances including internal refinances or switches within the Lenders Group.
  • Offer available under the Premier Advantage Package with a minimum loan size of $250,000.
  • $395 annual package fee applies.
  • Offer is valid for applications submitted and approved between Monday 1 October 2018 to Thursday 31 January 2019 and settled by Sunday 31 March 2019.
  • The primary applicant (applicant 1) will be issued the Velocity Points and must be a member of the Velocity Frequent Flyer Program. Only one Velocity Points Home Loan Offer can be taken up by the primary applicant within a 12 month period.
  • Offer excludes Equity Access Loans.
  • Offer not available to company and trust account holders.

 

$1,250 Refinance Rebate:

Eligible customers who refinance their home loan to under the Premier Advantage Package will receive $1,250 rebate per property.

The $1,250 Refinance Rebate is available for new home loan refinance applications. This offer is available for applications submitted from Monday 1 October 2018 and taken as part of the Premier Advantage Package.

Eligibility criteria:

  • Offer available for refinance customers who submit an application from Monday 1 October 2018.
  • Offer available under the Premier Advantage Package with a minimum loan size of $250,000.
  • $395 annual package fee applies.
  • Offer excludes internal refinances or switches within the Lenders Group.
  • Offer not available to company and trust account holders.
  • Offer can be withdrawn at any time and not available in conjunction with any other offer.
  • Only 1 rebate per property refinance will be paid regardless of the number of loans involved.
  • Rebate will be automatically deposited into the customer’s home loan account within 2 months of settlement.
  • The client must either hold or be approved for a transaction account in order to qualify and continue to receive the benefits of the Premier Advantage Package.

* Example only – Indicative only and subject to change

Check our our Home Loans Page or call us for free expert advice on all Home Loan questions 02 9453 0300.