• expired

$4,000 Home Loan Refinance Rebate (Minimum $250,000 Loan Per Property) @ RAMS

90

Genuinely interested to hear what people think of this deal.

For new refinance applications received between 1 December 2021 and 28 February 2022 and settle by 30 April 2022. Offer available on the Essential Home Loan, Full Feature and Fixed rate home loan products (excludes Line of Credit) Owner Occupier with Principal and Interest repayments and Investment Loans. $250k min loan per property refinanced.

Credit criteria, fees and charges apply. RAMS home loans are not available for foreign borrowers residing outside Australia. 1Offer is current as at 1 December 2021 and may be varied or withdrawn at any time. For new refinance applications received between 1 December 2021 and 28 February 2022 and settle by 30 April 2022. Offer available on the Essential Home Loan, Full Feature and Fixed rate home loan products (excludes Line of Credit) Owner Occupier with Principal and Interest repayments and Investment Loans. $250k min loan per property refinanced. Only 1 rebate per settled application with the predominant purpose is refinance will be paid regardless of the number of loans involved. This offer is not available in conjunction with the New Purchase Buyer $1,000 Rebate. Excludes Line of Credit Loans, switches and refinances of home loans within the Westpac Group which include St. George, Westpac, Bank of Melbourne, BankSA. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Not available to company and trust borrowers. The offer is limited to one rebate per eligible application. Split loans are counted as one settled home loan regardless of the number of splits. Rebate will be automatically deposited into the home loan account within 60 days after settlement. If the home loan has a fixed interest rate, the rebate will count towards the prepayment threshold. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

Australian credit licence 233714

Related Stores

RAMS Home Loan
RAMS Home Loan

closed Comments

  • Credit criteria, fees and charges apply. RAMS home loans are not available for foreign borrowers residing outside Australia. 1Offer is current as at 1 December 2021 and may be varied or withdrawn at any time. For new refinance applications received between 1 December 2021 and 28 February 2022 and settle by 30 April 2022. Offer available on the Essential Home Loan, Full Feature and Fixed rate home loan products (excludes Line of Credit) Owner Occupier with Principal and Interest repayments and Investment Loans. $250k min loan per property refinanced. Only 1 rebate per settled application with the predominant purpose is refinance will be paid regardless of the number of loans involved. This offer is not available in conjunction with the New Purchase Buyer $1,000 Rebate. Excludes Line of Credit Loans, switches and refinances of home loans within the Westpac Group which include St. George, Westpac, Bank of Melbourne, BankSA. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Not available to company and trust borrowers. The offer is limited to one rebate per eligible application. Split loans are counted as one settled home loan regardless of the number of splits. Rebate will be automatically deposited into the home loan account within 60 days after settlement. If the home loan has a fixed interest rate, the rebate will count towards the prepayment threshold. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

  • Looks good

    Is it per loan 4k Cashback even if one person?
    Any feedback on unconditional approval times?

    • Yep, per loan for single or joint applicants. I've not gone through the approval process yet so not sure about speed of approval.

      • +1

        Approval time was quick and they have a fast settlement option so overall it was about 2 weeks for me from application to settlement about 3 months ago.

        • How was the valuation? Equal/below CoreLogic?

          • @leon99: They didn’t provide any details. Just said no issues with the valuation. I didn’t ask either?

  • +2

    Not a single mention of the actual interest rate?

    • It's mentioned on their website

      2.19% variable (2.25% comparison). We are trying to negotiate

  • What were the application fees?

    • Check here:

      https://www.rams.com.au/RAMS-deposit-rates-and-fees/

      We are trying to negotiate nil for the application fee

      • Let us know how that goes. The application fee and settlement fees are exorbitant, but if you can get these waived it would make it an excellent deal

        • they told for me they'll waiver it

          • @funnysht: Also, watch out for their discharge fee when you end up leaving. They charge $295 + additional legal costs (as they use external lawyers) which are undefined in the loan contract, meaning they could essentially charge you $1000s if they wanted

  • Excludes Line of Credit Loans, switches and refinances of home loans within the Westpac Group which include St. George, Westpac, Bank of Melbourne, BankSA

    Boo! I’m with St George now, was hoping to move

    • HSBC might be a good option for you

      • I want at least $4k though lol

  • If I’m about to sell, should I refinance and get the $4k and bail, or will it effect my credit?

  • Anyone had any luck getting the application fee waived?

    • +1

      i asked and they said yes

Login or Join to leave a comment