Only couple weeks left on this deal. FYI I refinanced a month ago on just under $500k loan and variable interest rate was 2.09%. Currently 2.34% p.a. (2.36% comparison rate).
Apply by 31st July 2022, and settle by 31st October 2022. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR up to 80%. Available on home loans with our Advantage Package ($395 annual package fee) and our Basic Home Loan (no annual fee). $250k min loan. Only one $4K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^
$4,000 Refinance Cashback per primary applicant for applications received between 8th December 2021 - 31st July 2022 and settled by 31st October 2022. Limit of one $4,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.
The cashback will be paid into a Bank of Melbourne transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement.
For the $4,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.
Do banks deny applicants if they switch loans often (say 2-3 times a year)? Considering this but just moved to TicToc 2-3 months back for their $2022 cashback.