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$3,000 Cashback, $0 Application Fee, $0 Annual Fee, 2.29% Fixed 2 Yr I/O Investor Loan (Rate Expired) @ Great Southern Bank

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$3,000 Cashback, $0 Application Fee, $0 Annual Fee, 2.29% Fixed 2 Yr I/O Investor Loan (Rate Expired) @ Great Southern Bank
Go to Deal
Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 09:54 greatsouthernbank.com.au (420 clicks)
Last edited 06/12/2021 - 16:19 by 3 other users

Why my investor clients love this new deal:

  • $3,000 cashback paid within 24 hours of settlement
  • $3,000 CASHBACK PER PROPERTY REFINANCED - normally lenders cap at 1 x rebate
  • 2.29% fixed 2 years interest-only investor rate OR 2.19% P&I (comp 3.88%* see comp notes below) Expired
  • $0 free up-front valuations
  • $0 annual fee, waived for life
  • $0 fees, typical $600 application fee waived
  • $0 free rate lock - important now rates are rising
  • Owner occupied rates at 1.94% if refinancing home loan
  • 4 day turnaround time
  • Simple "Cash-out" up to 80% of property valuation without any further docs (for shares, renos, another investment etc.)

Great Southern Bank are formerly CUA, who have been around for 75+ years. Rates and fees are cheaper as no external shareholders, profits go back into the bank's customers.

*See comparison below as these are based on $150k loans only. I can calculate your actual comparison rate.

Minimum loan $250k.

I know this won't appeal to everyone, however I don't offer broker cashbacks as I prefer quality service over mass volume. There are brokers on OzB that do offer cashbacks.

41 happy OzBargain refinances to date and have enjoyed 100% approval rate.

Hope you find this useful,
Aidan
Owner & Mortgage Broker
[email protected]
www.blueowlfinance.com.au
0412378146
Link to my calendar to book 15 minute appointment - https://www.blueowlfinance.com.au/book-online

ABN 27 646 433 374 | Certified MFAA Member 230928 | Australian Credit Licence number 384704 | Credit Representative’s number 527699

COMPARISON RATE WARNING:
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply 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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

Financial Cashback Home Loan Loan Mortgage Broker Refinance

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Great Southern Bank
Great Southern Bank
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closed Comments

  • Shikha966 on 01/11/2021 - 09:56
    +1

    Wow thirty thousand cash back :)

    • seamonkey on 01/11/2021 - 09:59
      +1

      Error in the way the $ figure was typed. Standby. Might be $300,000.

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:02

      Haha yep not bad, just refinance your 10 property portfolio and you'll get $30k. Edited now :)

  • bangiebargie on 01/11/2021 - 09:57

    $30,000! Good deal

  • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:01

    Here to answer any questions on lending policy or process.
    p.s. OzB formatting added an extra '0' to the deal, deal is $3,000……. unless you refinance 10 properties, then $30,000 is correct!

  • UrbionPT on 01/11/2021 - 10:06

    What if you are already with GS Bank but want to refinance do you still get cash back ?

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:07

      Hey @UrbionPT,
      Refinance is classified as new-business, i.e. a refinance from another bank to GSB.
      Let me know if you want to review other options

  • Dealking on 01/11/2021 - 10:08

    LVR?

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:09

      Hey @Dealking,
      Max 80%.

  • doctorbargain on 01/11/2021 - 10:08

    Max LVR that would be acceptable without LMI (approved occupation)?

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:09

      Hey @doctorbargain,
      Max 80% LVR.

  • seamonkey on 01/11/2021 - 10:12
    -3

    Typos in a simple title don't fill me with confidence when it comes to a decision to do business with an entity. Even ' unless you refinance 10 properties, then $30,000 is correct!'. Should I read that as anything that differs from 10 properties yields me 30k. Don't worry OP. Just messing about. Finance can be pretty dull so us talking shit livens it up a little, at least.

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:16
      +2

      Hey seamonkey,

      It's actually a little kink on the OzB formatting, start a new deal yourself and type in $3,000, it spits out a strange format of $3, 000 which has obviously transpired to $30,000.

      Hopefully your confidence is restored knowing my last 147 home loan application have all been approved :)

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 12:09
      +1

      p.s. neg was not me!

    • Clarky77 on 01/11/2021 - 14:23

      I swear negs because ppl don't have a sense of humour around here is getting annoying! Thumbs up just because we need counteract ppl who neg just because they can.

      • seamonkey on 01/11/2021 - 20:33

        This upvote I just gave was pretty meta. I mean Facebook. Or whatever. Nevermind. :D

  • chickenchipsgravy on 01/11/2021 - 10:16

    any deals for straight forward vanilla purchase, existing dwelling 85% no lmi .. ubank/86400 or alternative?

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:18

      Hey phat-dave,

      Yes, St George/Bank of Melbourne have an amazing offer here for $1 LMI at 85%.
      86400 way too slow at the minute unless you have months up your sleeve.

      • chickenchipsgravy on 01/11/2021 - 10:57

        sadly not first owner and double the stgb threshold — have a week to get it done, ubank?

        • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 11:03
          +1

          Afraid not. To be frank - at 1 week to go, your priority may be just getting finance sorted, not necessarily the LMI waiver.
          ING and Macquarie could be good here, but even then it's a stretch.
          Cheers,
          Aidan.

  • idm4 on 01/11/2021 - 10:17

    I used to be with CUA, they were always last to reduce there home loan rates. I called them and threatened to leave and they did nothing, when I sent the paperwork to change banks they called me begging me to stay, throwing all kinds of offers to me - but it was too late. Would not recommend.

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:19

      Hey ianmcleod,
      Fair call. This can be pretty typical, bloody banks hey.
      Aidan.

  • Jetstream on 01/11/2021 - 10:25

    Does this offer include a offset account?

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 10:40

      Hey Jetstream,
      Can't offset the fixed rate, however you can have a 100% offset against their variable loans, if you'd like to 'split' the loan.
      Cheers,
      Aidan.

  • ashftc on 01/11/2021 - 10:26

    I was with CUA for 3 years. Agreed they were the last to reduce rates and didn't do anything for existing customers. When I was leaving them, they brought all offers and non-sensical calculations for me to stay which I didn't because I was getting way better offer elsewhere. But I had similar experience with St. George so won't fault CUA only.

    However, during those 3 years, they were amazing in all other areas. Customer service was good. Loan was settled promptly. Turn around time is faster. App is great. No complaints. I will go to them again if I have to.

  • TheFunkySalsa on 01/11/2021 - 11:50

    Do they do residential construction loans? I have one in progress, currently financed with CBA.

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 11:52

      Hey TheFunkySalsa,
      They do construction loans yes. Best to complete the build then look at other options.
      Cheers,
      Aidan.

  • Medicben on 01/11/2021 - 12:20
    +1

    I just fixed with BCU at 2.34 I/O for 3 years, their 2 year is 2.14, $5000 cash back for each property and refinance cash back up to 80% with no additional paperwork. You have to deal with them directly as they don’t go through brokers, but it’s definitely a great deal and worth the time. Turn around was about a week.

    • looch97 on 02/11/2021 - 20:50

      I just had a closer look and it states 0.75% of the loan in cashback, so if you borrow the minimum of $300K, you'll only get $2,250 back, not $5,000…

  • haliloo on 01/11/2021 - 15:56

    Is cashback eligible only for refinancing?

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 15:57

      Hey haliloo,
      Also $2,000 for first home purchases!
      Cheers,
      Aidan.

      • haliloo on 01/11/2021 - 15:57

        Thanks, what about first investment?

        • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 16:00
          +1

          None my friend. Still, one hell of an offer.
          Aidan.

  • spiinl on 01/11/2021 - 16:11

    Not so good reviews on Product Review

    • Store Repfootyboy @ Blue Owl Finance on 01/11/2021 - 17:38

      Hey spiinl,
      I find them the best of all banks on Product review at 3.1. Which bank has a higher review? All Big 4 are below 1.5 stars :)
      Cheers,
      Aidan.

  • El-Rhi on 03/11/2021 - 06:53

    Does the $0 annual fee for life apply to the variable with offset?

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