This was posted 8 years 3 months ago, and might be an out-dated deal.

Related
  • expired

Owner-Occupier Variable Rate Home Loan (3.32%P.a. - Comparison Rate 3.33%) - $0 Setup/Ongoing Fees

1050
Owner-Occupier Variable Rate Home Loan (3.32%P.a. - Comparison Rate 3.33%) - $0 Setup/Ongoing Fees
Go to Deal
Product Rep[Deactivated] @ LinkedIn on 22/08/2016 - 21:21 facebook.com (1895 clicks)
Last edited 05/10/2016 - 21:03 by 3 other users

OzBargain exclusive

Variable rate: 3.54%pa
Comparison rate: +3.55% pa

$0 application fees
$0 ongoing monthly fees
Free Offset account
Fee-free Platinum Credit Card
Android Pay

Criteria:
PAYG only - so not available for self-employed
LVR less than 80%
At least 1 year in same line of employment
QLD, NSW, VIC, SA, WA Metro postcodes only

How it works:
I am a broker with access to this particular lender.
Once the you settle a loan with me, we will rebate you the trailing commission income (0.22%) for as long as we receive it. This is documented prior to settlement.

I am a Credit Representative 453 502 of Finsure Finance and Insurance Pty Ltd, Australian Credit Licence Number 384 704
http://www.finsure.com.au

To sign up to this deal simply PM me your email address and I will email you the requirements.

† WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

† The loan application is subject to the lenders standard credit assessment terms & conditions.

† The offer is based on a variable interest rate which can change at any time.

† Full 0.22% rebate will only be applied to loans $400k and above. Loans below $400k will be rebated as follows:
$300,000 - $399,999.99 - 0.15% - Applicable rate 3.39%
$200,000 - $299,999.99 - 0.10% - Applicable rate 3.44%
$199,999.99 and below - 0.05% - Applicable rate 3.49%

Note: The current interest rate offer (3.54%) can be withdrawn at any stage.

Financial Broker Home Loan Investment Loan Loan

Related Stores

LinkedIn
LinkedIn

closed Comments

  • Captain0001 on 23/08/2016 - 08:24

    Hi,

    What is the best deal you can do on

    1- owner occupier
    2- interest only with offset account
    3- $458000
    4- Sunshine Coast
    5- 80% LVR
    6- full time PAYG employed

    Thanks very much, I'm very keen to leave Westpac

  • PRAGAN99 on 23/08/2016 - 08:28

    Hi

    How can I contact you?

    I am interested in this deal.

    Thanks

  • timnkoo on 23/08/2016 - 08:28

    Has anyone here specifically dealt with/has an account with Bank of Sydney before? I would appreciate an opinion on:

    • How does their online banking compare with the Big 4 banks/ING? User interface, functionality, transaction clarity etc wise?
    • What's their transaction times like? I've read slow…
    • In general, what's their customer service like?
    • What's the loan approval turnaround time at presently? I've read on the original OzB deal someone's broker is having delays with application/correspondence.

    Thanks!

  • Romka on 23/08/2016 - 08:42
    +1

    ING advantage - $199 annual fee waived in first year, $299 application fee with a rate of 3.67% with a 100% offset account and a transaction account which lets you withdraw from any ATM around the country without paying a fee - well worth it

    • Product Rep[Deactivated] @ LinkedIn on 23/08/2016 - 08:47

      Happy to do this for 3.60%

  • geoffs87 on 23/08/2016 - 08:47

    Hi Rep, any idea how i can roughly calculate my break fees on a fixed rate loan?

    • tomleonhart on 23/08/2016 - 08:57
      +1

      call up the bank, they'll do it for you.

      • geoffs87 on 23/08/2016 - 08:57

        haha good point, already on hold. cheers

  • Arsi on 23/08/2016 - 08:54

    Hi OP,

    Do you have any physical presence in Adelaide ?

    • Product Rep[Deactivated] @ LinkedIn on 23/08/2016 - 19:30

      No

  • AJenkins on 23/08/2016 - 09:06

    Hi mis1989

    I have an $800k mortgage in Sydney, currently looking at refinancing. How does it work?

    Thanks

    • AJenkins on 23/08/2016 - 09:10
      -1

      I tried to PM you, but I am a new user, and apparently have to wait one day. If you can PM me please, I would be grateful. Thanks

      • Product Rep[Deactivated] @ LinkedIn on 23/08/2016 - 09:20

        cant pm you either.

      • Moderatorneil on 23/08/2016 - 10:53

        Please use Talk with a Moderator AJenkins.

  • justtoreply on 23/08/2016 - 09:26
    -1

    Comparatively, don't forget to call your bank.

    I'm with one of the big four and have 4% investment and 4% occupier <400k each when initiated. The government is required to back the big four if they go under, so I'm happy paying the extra percentage. I wouldn't trust stability of just any bank given risk of the market (which is how they earn their profit).

    Edit: reading - it's not a requirement. I was sure that was what I was taught at uni.

    • damolol on 23/08/2016 - 15:37

      Might be silly question but curious why you said we should we call our bank?

    • pmupsinep on 23/08/2016 - 17:12
      +2

      What are you talking about? The government guarantee is on deposits. There is nothing to guarantee on loans as you're the one that owes them money, what are you worried about losing!?

  • GPT4 on 23/08/2016 - 09:52
    +1

    How reliable are the trailing commission payments? Is it paid by the bank directly to the customer OR is it paid to broker first and then broker pays to the customer?
    Cheers

    • tomleonhart on 23/08/2016 - 10:40

      Bank pays his aggregator and his aggregator pays you.

    • nickvdk on 23/08/2016 - 18:38

      Worse case scenario Bank of Syd goes bankrupt, administrators comes in and auctions your loan to another lender. They jack up the interest but by then you refinance elsewhere with a better deal. Big banks want us to pay tens of thousands $$ premium for a better online portal/app and so called better "service". Not worth it imo

  • pacman21 on 23/08/2016 - 10:51

    Hi OP,

    Another one for you as I'm currently looking:

    1- investment
    2- interest only (offset account optional)
    3- $420000
    4- Sydney
    5- 50% LVR
    6- full time PAYG employed

    Please PM me. Thank you.

  • overule on 23/08/2016 - 12:11

    Interested in this deal.
    I have investment loans and home loan.
    Please PM me.

  • thespot on 23/08/2016 - 15:05

    Hi MLS1989
    I'm also interested in this deal but cant seem to PM you.
    Pleas pm me
    THanks

  • john_conner on 23/08/2016 - 15:05

    If you subsequently refi away from this loan, do you have to repay the commission refund etc?

    • Product Rep[Deactivated] @ LinkedIn on 23/08/2016 - 18:03

      No, but you stop recieving cash back

    • Romka on 23/08/2016 - 21:15

      you will keep the commission and the broker who sold you the deal will have to pay clawbacks if you leave within 18 months but that doesn't affect you …so if you leave within 12 months, the broker will have to pay back 100% of the upfront commission, 50% after that etc.

  • chiefbodge on 23/08/2016 - 15:46

    Why is this deal marked as expired?

    • Product Rep[Deactivated] @ LinkedIn on 23/08/2016 - 22:26

      Its active

  • F111 on 23/08/2016 - 22:36
    +2

    Is their linked savings or offset account Guaranteed??? or are your savings unsecured and therefore at risk???
    i.e. if you have an offset account and the lender goes broke, you could be left owing the balance of the loan and as an unsecured creditor for the offset balance.
    So,, is it government guaranteed like the big 4? Please confirm.
    Just checking if it sounds too good to be true, it might be
    Thank you

    • Mulcha on 26/08/2016 - 15:33
      +1

      Disclaimer: I'm not a broker or work in financial institution and this is based on google search:

      1) Financial Claims Scheme for banks says following ( http://www.apra.gov.au/CrossIndustry/Documents/APRA-FCS-FAQ-… )
      A new permanent cap of $250,000 per person per institution on deposits guaranteed under the Financial Claims Scheme took effect from 1 February 2012. This new cap was announced by the Treasurer on 11 September 2011.
      2) Types of deposit accounts that are protected on the same document says following (http://www.apra.gov.au/CrossIndustry/Documents/APRA-FCS-FAQ-…)
      Types of deposit accounts that are protected
      -mortgage offset accounts, either 100 per cent or partial offset, that are separate deposit accounts;
      3) APRA has the "Bank of Sydney" as one of the List of Authorised Deposit-taking Institutions(ADI) (http://www.apra.gov.au/adi/Pages/adilist.aspx)
      Foreign Subsidiary Banks
      -Bank of Sydney Ltd

      So putting the above info together is telling me that up to $250K is protected by the Authorised Deposit-taking Institutions(ADI) including Bank of Sydney Ltd with the
      mortgage offset accounts ??? (Can anyone confirm this?)

  • gulingkecil on 24/08/2016 - 16:26
    +4

    Is the Broker Cashback discount of 0.22% for the lifetime of the loan?

    • Product Rep[Deactivated] @ LinkedIn on 25/08/2016 - 21:24

      Yes

  • jigudhari on 25/08/2016 - 00:05

    Hi There, can you please send me all the detail information on [email protected]
    Thanks

    • mryuen on 25/08/2016 - 11:48

      Hi, have you heard back from mls1989 yet?

      • Product Rep[Deactivated] @ LinkedIn on 25/08/2016 - 21:25

        yes he has because he sent me his email

        • mryuen on 26/08/2016 - 20:12

          was not able to send you message yesterday, but now I can and just did. Let me know if you haven't received anything from me please?

        • Product Rep[Deactivated] @ LinkedIn on 26/08/2016 - 20:38

          @mryuen:
          Got it

  • mryuen on 25/08/2016 - 11:44

    @mls1989 - please PM me and I will provide you with my email address/contact number

  • Them3lguy on 25/08/2016 - 14:54

    Hi Mls,

    Please pm your contact details.

    • Product Rep[Deactivated] @ LinkedIn on 25/08/2016 - 21:26

      To sign up to this deal simply PM me your email address and I will email you the requirements.

  • ealges01 on 25/08/2016 - 17:12

    Hi Mls1989,

    Please pm me your contact details, thanks.

    NP

    • Product Rep[Deactivated] @ LinkedIn on 25/08/2016 - 21:25

      Please pm me your email.

    • Product Rep[Deactivated] @ LinkedIn on 25/08/2016 - 21:26

      To sign up to this deal simply PM me your email address and I will email you the requirements.

  • Mella21 on 25/08/2016 - 18:33

    Am very interested. [email protected] Looking to settle in about a month. Thanks.

    • Product Rep[Deactivated] @ LinkedIn on 25/08/2016 - 21:26

      sent

  • markspencer109 on 26/08/2016 - 09:24

    400k PPOR Interest Only
    261k IP Interest Only
    a fair amount in offsett accounts

    Does this loan allow interest only payments?

    Thanks

    • Product Rep[Deactivated] @ LinkedIn on 26/08/2016 - 09:51

      Unfortunately the bank of sydney deal is p&i only. I have other cashback deals for IO repayments.

  • umashanker265 on 26/08/2016 - 09:56

    would spring farm 2570 be eligible for this offer. please pm me ur details.

    • Product Rep[Deactivated] @ LinkedIn on 26/08/2016 - 11:50

      May be eligible. I am not allowed to directly contact you. You must contact me.

  • muzzy1907 on 26/08/2016 - 16:23

    PM sent with email.
    Thanks.

  • Product Rep[Deactivated] @ LinkedIn on 26/08/2016 - 21:20

    OTHER GREAT OFFERS

    Owner Occupied
    Lender: ING
    Repayment type: Interest Only
    Interest Rate: 3.69% - 3.59% after cashback
    Annual Fee: $199 (waived in the first year)
    Application fee: $299
    Exit fee: $250
    Features: Offset, redraw, credit card & unlimited additional repayments

    Investment
    Lender: Homeloans Limited
    Repayment type: Principal & Interest
    Interest Rate: 3.94% - 3.89% after cashback
    Annual Fee: $120
    Application fee: $0
    Exit fee: $545
    Features: Redraw & unlimited additional repayments

    Investment
    Lender: Suncorp
    Repayment type: Interest Only
    Interest Rate: 4.09% - 3.99% after cashback
    Annual Fee: $0
    Application fee: $0
    Exit fee: $250
    Features: Redraw & unlimited additional repayments

    • dealsniper on 13/09/2016 - 21:41

      hi mls1989, are there currently any any other offers - since these ones? thanks in advance

      • Product Rep[Deactivated] @ LinkedIn on 14/09/2016 - 11:17

        Please PM me what you need.

  • mrdunu on 27/08/2016 - 04:12

    Hi,

    What is the best deal you can do on

    1- investment variable
    2- principal and interest with offset account
    3- $820k loan
    4- Sydney
    5- 70% LVR
    6- full time PAYG employed

    Thanks very much

    • Product Rep[Deactivated] @ LinkedIn on 27/08/2016 - 10:55

      Investment
      Lender: Homeloans Limited
      Repayment type: Principal & Interest
      Interest Rate: 3.94% - 3.89% after cashback
      Annual Fee: $120
      Application fee: $0
      Exit fee: $545
      Features: Redraw & unlimited additional repayments

  • bargain hunterr on 28/08/2016 - 13:28

    could you please send me a pm .
    "new user :)"
    thanks .

    • Product Rep[Deactivated] @ LinkedIn on 28/08/2016 - 13:33

      You will need to contact a mod to allow me too. or post email here

  • niravnj on 30/08/2016 - 14:18

    Hi can u please pm me offer detail. …i live in Perth wa 6122….thanks

    • Product Rep[Deactivated] @ LinkedIn on 30/08/2016 - 23:38

      email?

  • niravnj on 30/08/2016 - 14:23

    My email is [email protected]

  • vchandm23 on 30/08/2016 - 14:44

    Can you PM the details to this email address [email protected].
    I am interested!

  • mostakahmed on 30/08/2016 - 15:38

    Please send details on BoS Home loan to [email protected]

    owner occupier, Principal & interest, Refinance - 415K, Melbourne. Also let me know if it will cover the discharge fee from my current lender about $550.

  • nix1973 on 31/08/2016 - 11:13

    can you please send me the offer to [email protected]?
    Thank you.

  • Looking4Bargians on 01/09/2016 - 11:54

    do u provide the cash out for equity ?
    want to get the 80% equity and put that money into offset and use it later for new property ?
    how much would be the IR with ING or BandSydney ?
    currently standing 300k. with Property value 500K so equity 100k.. wants to put 100k in offset.

    • Product Rep[Deactivated] @ LinkedIn on 01/09/2016 - 21:22

      Yes PM me

  • vcdeal on 01/09/2016 - 12:26

    i Have sent a PM, could you please contact me

  • stockastics on 06/09/2016 - 14:44

    so did anyone go through with refinancing through mls1989?

    • Product Rep[Deactivated] @ LinkedIn on 06/09/2016 - 23:23

      About 30-40 people. Hopefully someone sees this and responds for you.

    • Voldox on 19/09/2016 - 09:30

      Last week I finished submitting all my forms through. THere is a substantial amount of paperwork as with any home loan but the savings are well worth it. For me Ill be saving approx $320 a month compared with my current situation.

  • john_conner on 09/09/2016 - 00:34

    Hi, will the ING loan allow multiple offset accounts?
    I would like to have separate offset accounts linked to the same loan (ok if the loan must be split in order to achieve this.)
    On that note would the bank of syd loan allow splits to achieve multiple offset accounts?
    thanks :)

    • Product Rep[Deactivated] @ LinkedIn on 09/09/2016 - 08:50

      Best bet is ME Bank 3.79% down to 3.69%, cheaper than ING. No app fee, $395 annual fee.

Login or Join to leave a comment
Login Join