This was posted 6 years 4 months 25 days ago, and might be an out-dated deal.

Related
  • expired

200,000 Velocity Frequent Flyer Points for Home Loans $250k and over at Westpac (500,000pts for $1M+)

110
200,000 Velocity Frequent Flyer Points for Home Loans $250k and over at Westpac (500,000pts for $1M+)
Go to Deal
Associatedstarkers on 27/06/2018 - 16:16 westpac.com.au (453 clicks)
Last edited 27/06/2018 - 16:43 by 1 other user

200,000 Velocity pts for loans $250k+.
500,000 Velocity pts for loans $1M+.

Full details and T&C's on the website.
Applications submitted between 11 June to 30 September, and settled by 30 November 2018. $395 annual package fee. Excludes Equity Access Loans and refinances within the Westpac Group.

Package Benefits:
- Discounts on a range of standard variable and fixed rate home loans.
- Includes no monthly service fee on your accompanying Westpac Choice account.
- Includes no loan maintenance, increase, portability or switching fees (excluding switches to a non-package loan).
- Includes no annual credit card fee on selected cards, other fees and charges may apply.
- Discounts on selected insurance products.

Financial Home Loan Loan Reward Points

Related Stores

Westpac
Westpac

closed Comments

  • cdghw on 27/06/2018 - 16:32

    Does this include loans processed through mortgage brokers?

    I have recieved Unconditional Approval for a loan more than $250k under a Flexi First Option Loan Type. Does this loan type meet the eligibility?

    Thanks

    • Associatedstarkers @ Westpac on 27/06/2018 - 16:39
      +1

      You'd have to check-in with the broker. Generally the Flexi First Option Loan type would not be packaged though…

  • Slo20 on 27/06/2018 - 16:44

    4.44% variable rate (250k-$499k loan) with the package isn’t that good. You may be getting ‘free’ velocity points but you are paying for it in extra interest.

    • Associatedstarkers @ Westpac on 27/06/2018 - 16:46
      +3

      Never hurts to ask your banker to try to match a competitor's rate ;)

      • tunzafun001 on 10/07/2018 - 18:10

        I asked Westpac to match or better HSBC's 3.69 offset variable product - with 90% LVR (I'm looking at a loan of 500k, 30% deposit) The agent claims they were unable to find this rate. Simply googling "HSBC 3.69" will find it.

        Westpac seem very un interested in an applicant with a brain!

        If they said yes, we can match HSBC, and then beat it with 200 FF points, they would have my money.

  • thydzik on 27/06/2018 - 17:01

    you can get 3.72% OO P&I variable or 4.15% INV P&I variable with westpac at the moment.

    • draistlin on 27/06/2018 - 17:08

      how are you getting the 3.72% with OO? direct through Westpac or through a broker?

      • thydzik on 27/06/2018 - 17:34
        +1

        asked westpac directly to match what CBA offered me.
        loan size $500k

        • silo on 28/06/2018 - 17:14

          Reckon they'll go even lower for a loan of $1.5m OO <80% LVR?

        • silo on 29/06/2018 - 12:32

          @silo: I was able to get 3.64% with my loan size without any real haggling. I'm guessing I could've pushed for even lower!

        • baron33 on 21/07/2018 - 18:02

          so the stratgy should be finding the other bank's rate and then ask staff in westpac / broker to match it?

  • thelocalgod on 27/06/2018 - 17:17

    I already have a loan with Westpac and considering refinancing with another bank. Will I be eligible for this deal for refinancing back to Westpac after?

    • thydzik on 27/06/2018 - 17:46
      +1

      CBA offering $2000 cashback if you lock it in before the EOFY

      • thelocalgod on 27/06/2018 - 20:10

        Thanks so much for the info!

        • Maxdax on 27/06/2018 - 22:33

          CBA offer extended till July end now

        • randomstuff on 28/06/2018 - 10:01

          @Maxdax: I can't seem to find this offer. Is there any link that you can point to me? Is it for New loans or Refinance only?

          Thanks

        • thydzik on 28/06/2018 - 10:31

          @randomstuff:

          from the CBA chat;

          We do not currently have the offer advertised on our site, as it needs to be assessed by a lending specialist to see if you may be eligible for the offer.

        • randomstuff on 28/06/2018 - 12:50

          @thydzik: Thanks

  • theacekiller888 on 27/06/2018 - 17:39

    If I'm applying for the Rocket Investment Loan, will I be eligible for this? Thanks!

    • Associatedstarkers @ Westpac on 27/06/2018 - 19:06

      Yep! Rocket Investment loans should be fine. Just be sure to ask about the deal and double check they’re putting you on the package.

  • Shuey on 27/06/2018 - 18:38
    +1

    Good opportunity to call and shop around for a better deal.

    Does anyone now what Credit Cards come with this Home Loan package? I wonder if one could sign on to get one of those Altitude Platinum/Black and gain additional points e.g Qantas FF or Altitude points too (in addition to the Velociry FF)

    • thydzik on 27/06/2018 - 18:58

      Yes, you can get a platinum/black with no fees with the package.

  • StuBargainHunter on 28/06/2018 - 08:26

    Does anyone know if this the $250k/$1m thresholds must be for a single loan? Or could it be for multiple loans totalling this amount (e.g 5 * 200k loans)?

    T&C's seem to suggest it's a single loan, but think I might give them a call.

  • RichDad PoorSon on 28/06/2018 - 10:05

    I have an existing loan with Westpac, can I still get it? considering people switch all over the place with their loans…

    • Shuey on 28/06/2018 - 11:29

      If you are applying for a new Westpac loan (in addition to the existing one), then yes..

  • Dr Prepper on 11/07/2018 - 14:41

    So based on the comments above maybe this is not that much of a deal when you factor that it is not competitive at all. It rarely is sensible to make investment decisions based on gimmicks like this. It's like buying shares just to qualify for crappy shareholder discounts.

Login or Join to leave a comment
Login Join