Refinance cashback doubled from $2000 to $4000 for online applications.
Summary of deal:
"Get one $4,000 Refinance Cashback plus $2,000 cashback per additional property refinanced when you apply online by 31 January 2020 and settle by 31 March 2020. Available on Basic Home Loans and Advantage Package loans ($395 package fee, $0 fee for Basic home loan). Excludes Owner Occupier loans with interest only repayments and refinances from within Westpac Group. Min. loan size $250k per property."
I would like to make it clear that the in order to be eligible for the additional $2000 on top of the original $2000, the application must be online (not via broker or in-store).
The rebate is paid 60 days after settlement, with no clawback.
For additional info, please see "What else do I need to know?" and "Frequently Asked Question." below:
https://www.stgeorge.com.au/personal/home-loans/manage/refin…
I was going to take the $2000 standard St George refinance cashback in addition to cashback offered from a broker over a 24 month period (whom may go bankrupt or not pay-up), until I saw this updated offer yesterday. I canceled my application with the broker and have had my application online with St George confirmed as eligible for the $4000 rebate.
Also of mention: the lending Manager assigned to me is asking for a better rate than the default 3.44% (given you apply online there is no way to negotiate during your initial application). Apparently 3.1X% should be achievable on the Package.
Enjoy!
Update: I've been given 3.04% with ~70% LVR on ~$300k loan (Package).
@MyLoginName: The app isn’t great. I feel it logs you out every week or so as well after which you’ll have to dig up your customer account number again. Yesterday I got a push notification for a deposit which then wasn’t visible at all in the app or on the site, it only properly registered there this morning. Also find it annoying you have to sign and hand in a form to set up something as simple as ‘pay-in-full’ direct debit for your credit card. What I do like is that you can set or change your card’s PIN in the app and that the call centre was able to link my offset to my ‘savings’ option on my credit card (one less card in my wallet).