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Ubank Uhome Loan Refinancing Offer: Receive a $2,014 EFTPOS Gift Card (for loans $350k+)

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Ubank Uhome Loan Refinancing Offer: Receive a $2,014 EFTPOS Gift Card (for loans $350k+)
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findercomau on 12/02/2014 - 12:37 ubank.com.au (355 clicks)
Last edited 26/02/2014 - 17:45 by 3 other users

UBank is offering eligible UHomeLoan Refinance customers a bonus $2,014 EFTPOS Gift Card.

Read more about the offers in our reviews: http://www.finder.com.au/home-loans/ubank

To qualify for this Offer, the customer’s UHomeLoan application must be

  • A refinance application from a third party lender;
  • Settled by FASTRefi settlement process. To find out if you are eligible for FASTRefi, ask aUBank Advisor when we phone you to complete your Suitability call or click here for moreinformation;
  • Submitted online at ubank.com.au between 26 December 2013 and 28 February 2014;
  • For a minimum loan amount of $350,000;
  • Supported by the customer providing UBank with all documentation required by UBank, andas set out in the application, within five (5) calendar days of submitting the application;
  • A new application – eligible customers must not have applied for a UHomeLoan (including forrefinance or otherwise) in the three (3) months prior to the offer start date of 26 December2013;
  • Unconditionally approved within six (6) weeks from the date of the online application (yourapplication is unconditionally approved when you receive an email from us that states it hasbeen approved);
  • One of the first 1000 eligible applications received;
  • Consistent with UBank’s lending criteria and terms and conditions applicable to thecustomer’s loan; and
  • Settled by 31 March 2014 or settled within the time period stated in the Loan Offer,whichever occurs first.

UBank’s $2,014 EFTPOS Gift Card Offer Terms & Conditions:

  1. To be eligible:

    • You must apply for a UBank Refinance UHomeLoan between 26 December 2013 and 28February 2014 (the “Offer Period”);
    • You must provide all documentation required by UBank, and as set out in the application,within five (5) calendar days of submitting the application;
    • FASTRefi must be used as the settlement process;
    • You must not be in breach of the UBank’s loan terms and conditions applicable to your loan;
    • Your UHomeLoan must be for at least $350,000; and
    • Settled by 31 March 2014 or settled within the time period stated in the Loan Offer, whichever occurs first.

  2. Applications made prior to the Offer Period (even if resubmitted during the Offer Period) and loans with a loan amount of less than $350,000 are not eligible.

  3. Joint Applicants of a successfully settled Refinance UHomeLoan are entitled jointly to a single $2,014 Gift Card. The Gift Card is non transferable, refundable or redeemable for cash.

  4. There is a maximum of 1000 gift cards available. If more than 1000 customers are eligible to receive a gift card, gift cards will be awarded to the first 1000 eligible customers based on date of application.

Referral Links

Referral: random (1274)

Referrer and referee each receive $20 after referee makes 5 settled card purchases within 30 days.

Financial Gift Card Home Loan Loan

Related Stores

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closed Comments

  • GregFiona on 12/02/2014 - 12:40
    +1

    thanks OP got 4!

    • FXx on 12/02/2014 - 12:42
      -1

      4 loans over 350k?

      • GregFiona on 12/02/2014 - 12:47

        They don't have restrictions so.. why not? It's a great bargain…not!

      • jv on 12/02/2014 - 12:48

        why not, $2,014 gift cards are tax free

  • jv on 12/02/2014 - 12:47
    +1

    One of the first 1000 eligible applications received;

    Since this has been available for almost 2 months now, how would you know if you are one of the first 1000?

    • GregFiona on 12/02/2014 - 12:48
      -1

      Simple…you don't! :)

  • Azza on 12/02/2014 - 12:52
    +2

    If the minimum loan amount if $350,000 to get this deal your property will need to be valued at a minimum of $437,500 to ensure you reach the 80% LVR. This might make a lot of people ineligible.

  • kirt on 12/02/2014 - 12:55

    Anyone heard anything more about the possibility of Ubank implementing an offset account for Uhomeloan next month?

    • No on 12/02/2014 - 12:58
      +1

      I get the feeling someone just made that up, one month out you would think they would let existing customers know already & I haven't heard anything.

  • c64 on 12/02/2014 - 12:56

    isn't this just a dupe of https://www.ozbargain.com.au/node/129040 ?

    • No on 12/02/2014 - 12:59

      It got extended / renewed…

      Until 31/01/2014 (Expired)

  • Twisty on 12/02/2014 - 13:05
    +1

    Doesn't it cost $$ to transfer you home load from one bank to another?

    I'm with ANZ and I bet if I wanna transfer it to ubank ANZ will want some fees

    Will ubank want setup fees too?

    • No on 12/02/2014 - 13:09

      ubank didn't charge me any fee's, have a read of the webpage.

      You will have to check with ANZ if there are any exit fee's on your existing loan. I had exit fee's to move from myrate to ubank but the saves made it worth it.

      • leeroys_dad on 12/02/2014 - 13:28

        "exit fees" illegal now, but watch out for "discharge fees"

        • No on 12/02/2014 - 13:40

          They are if you took out the loan after the changes to the law, if you still have a loan from before the changes they can still charge the exit fees you agreed to when you first got the loan.

        • alebox on 12/02/2014 - 13:49

          what is the difference? [serious]

        • cache on 12/02/2014 - 14:14

          exit fees (now illegal) are more penalising in nature, like paying for "disloyalty", whereas discharge fees are more administrative-cost-based. note: there is yet a third kind called break fees if you are on a fixed loan.

          (not very helpful) definitions can be found here: https://www.moneysmart.gov.au/borrowing-and-credit/home-loan….

        • 31mop on 12/02/2014 - 14:59
          +1

          Discharge fees: I had to pay for them with my last prostitute :(

        • [Deactivated] on 12/02/2014 - 17:00

          Was he expensive?

        • a22andrew on 12/02/2014 - 22:54

          That's weird. Usually it's an unexpected bonus feature.

    • fertiliser on 12/02/2014 - 13:51
      +1

      bankwest charged me some silly nominal fee when I left them, but that was made up within two months at the lower rate I was receiving. No Ubank setup fees however.

  • wongsun on 12/02/2014 - 15:10

    Even though you should not be charged an exit fee, these are the fees you should expect with any refinance. The figures might not be exact but are to give you an idea.

    Exit fees if you have a fixed rate loan.

    Existing Mortgage Discharge Fee: $157
    New Mortgage Registration Fee: $157

    These fees are paid to the land titles office.

    Existing Bank Settlement Fee: $200-300
    New Bank Settlement Fee: $200-300

    Most of the banks use third party firms to attend the settlement. The settlement fees are charged by the third parties.

  • amsaini15 on 13/02/2014 - 11:15

    What about valuation fees?

  • driew on 14/02/2014 - 06:29

    This is an amazing deal. When I refinanced to UBank, they were only offering a $500 myer gift card and the discount was 0.20 percent instead of the 0.25 percent they're offering at the moment. I switched from a big four bank and they couldn't even come close to matching UBank's rate.

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