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300,000 Qantas Points with Minimum $300,000 Property Refinance or Purchase Loan (+ $500 Lending Clinic Cashback) @ ANZ

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300,000 Qantas Points with Minimum $300,000 Property Refinance or Purchase Loan (+ $500 Lending Clinic Cashback) @ ANZ
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AssociatedMortgage Broker @ Lending Clinic on 09/06/2022 - 20:38 anz.com.au (357 clicks)
Last edited 20/06/2022 - 19:01 by 1 other user
OzBargain

ANZ has just announced an attractive offer for either property purchase or home/investment loan refinance.

ANZ variable interest rates are quite competitive at the moment, starting from 2.79% (after the 0.50% rate increase in June).

You can view the interest rates on their basic variable rate loans on the ANZ website.
These loans only have redraw facility (no offset account).

Depending on your loan size, similar rates can usually be obtained with an offset account ($10 monthly fee, $0 annual fee).

No establishment/valuation fees from ANZ. You only pay the discharge fee for your existing bank (usually $350), and the land title office fees (usually $250-$400 depending on where the property is).

Other key terms & conditions of the offer:

  • Complete application must be submitted by 19 August 2022, and settlement must happen by 31 January 2023.
  • LVR 80% or less.
  • Loan in individual names only (not company or trust).
  • Cannot be a land/construction/bridging loan.
  • Cannot be a top-up/cash-out (extra loan) on a property already held with ANZ.
  • Must not have received a home/investment loan cashback/Qantas points from ANZ in the last 12 months.

If your loan is at least $300k, you can get both of the following:

  • 300k Qantas Frequent Flyer Points (the value depends on how you use it, but probably anywhere from $2k-$10k according to the Qantas website).
  • $500 cashback from us (your mortgage broker) after 18 months if you still have the loan and we get paid based on a $300k net loan balance (if your loan is $300k but you have $200k in the offset account or redraw facility, your net loan is only $100k). You must mention "OzBargain" when you first call/email us.

We look forward to helping you save money!

Arman Soetanto
M: 0431 825 128
E: [email protected]
W: www.lendingclinic.com.au
Lending Clinic Pty Ltd (Credit Representative Number 511270) is authorised under Australian Credit Licence Number 384704

Financial Cashback Frequent Flyer Home Loan Investment Loan Loan Qantas Frequent Flyer Refinance Reward Points

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closed Comments

  • pyramid on 09/06/2022 - 20:43
    +1

    No interest rate …

    • AssociatedMortgage Broker @ Lending Clinic on 09/06/2022 - 20:44

      Rate starts from 2.29% as per https://www.anz.com.au/personal/home-loans/compare-home-loan… :)

      • pyramid on 09/06/2022 - 20:45

        It says 70%lvr and your post says 80%

        • AssociatedMortgage Broker @ Lending Clinic on 09/06/2022 - 20:47
          -2

          Oh sorry the website is confusing. The 2.29% rate is for 70% LVR. The 80% LVR rate on the ANZ website is 2.54% (a bit further down the page), but please contact us with details of your loan & property, and we can do a pricing request to bring it down.

  • muwu on 09/06/2022 - 20:46
    +2

    Is it okay for a mortgage broker to promote one home loan provider to the general populace who will have varying financial circumstances?

    • AssociatedMortgage Broker @ Lending Clinic on 09/06/2022 - 20:54

      Thanks for your concern. You're correct, ANZ is not suitable for everyone. We're just highlighting the offer we can get through them. However we do have access to a large panel of lenders. Let me know via private message if you have some specific requirements in mind?

  • pmdg777 on 09/06/2022 - 20:49
    +1

    How can we tell if $500 cashback is legitimate

    • AssociatedMortgage Broker @ Lending Clinic on 09/06/2022 - 20:52

      The $500 cashback is from us (the mortgage broker), we will pay it after 18 months if you still have the loan (and your net loan is at least $300k, net of the balance in the offset account and redraw facility).

      • pmdg777 on 09/06/2022 - 20:55

        Do you charge any fees arrange a loan?

        • AssociatedMortgage Broker @ Lending Clinic on 09/06/2022 - 20:56

          No fees, that's the best thing about it :) But we appreciate if you stay 18 months (if it's ANZ), otherwise we need to refund the bank's commission :)

        • barefoot89 on 09/06/2022 - 21:00
          -2

          he takes a 0.6% clip of the loan as an upfront…. They all do

  • barefoot89 on 09/06/2022 - 20:56
    +1

    Clicked on the link, searched Qantas points. No-where to be seen. Pls Xplain

    • Skyisblue on 09/06/2022 - 21:25

      May be it will show up tomorrow. Usually banks intimate brokers prior ( day or two) of any promotion or rate changes.

    • AssociatedMortgage Broker @ Lending Clinic on 10/06/2022 - 21:51

      Link has been updated now

  • Skyisblue on 09/06/2022 - 21:23

    Signed unconditional approval from ANZ today with 4k refinance bonus (applied on 30th May)

    If this 300k points is on top of 4k refinance bonus, I will be so mad for missing 300k points.

    • avitherock on 09/06/2022 - 21:34

      Do you have the link to 4k cashback..can’t find it on their website

      • Skyisblue on 09/06/2022 - 22:18

        Just messaged my broker, he said 4k bonus has expired. Last day to apply was 30th may 😕

        • avitherock on 09/06/2022 - 22:55

          St George is still doing 4k

          • Skyisblue on 09/06/2022 - 23:24
            +1

            @avitherock: Yeah.. And I moved from St George to Anz 😊

            • avitherock on 09/06/2022 - 23:33

              @Skyisblue: How often do you move

              • Skyisblue on 09/06/2022 - 23:55

                @avitherock: 1st year - Macquarie - got 4k
                2nd year - St george - got 4k
                3rd (about to start) - Anz- will get 4k

                Churning 😊

                • SirFrankGrimes on 10/06/2022 - 06:36

                  @Skyisblue: Roughly how much does it cost you to refinance? Also, how much time/effort is required?

                  I’m a credit card churner, but may add loan churning to my repertoire

                  • Skyisblue on 10/06/2022 - 07:39

                    @SirFrankGrimes: @danielt25 has already replied to your query. Like he said cost of moving depends on your loan structure and cost associated with it.
                    For me its been roughly around 700 to 800, netting 3200 'profit' both times.

                    I get broker assistance, they usually have clawback period of 1 year, hence I churn after 1 year so he can keep his commission.

                    • SirFrankGrimes on 10/06/2022 - 08:15

                      @Skyisblue: Wonderful, thank you

                    • AssociatedMortgage Broker @ Lending Clinic on 10/06/2022 - 09:05
                      +1

                      @Skyisblue: We keep half of the commission if you stay 1 year with most banks, the whole thing if 18-24 months depending on the bank. While not ideal, we're happy to assist with 1 year churners if your financial situation is relatively simple (but we don't pay the bonus broker cashback; you still get the bank's cashback/Qantas points) ^_^

                • El-Rhi on 10/06/2022 - 19:53

                  @Skyisblue: 1 per year? That’s rookie churning level 😋

                  • Skyisblue on 10/06/2022 - 19:54

                    @El-Rhi: Didn't know churning is a competition.

                    Good luck to you

    • AssociatedMortgage Broker @ Lending Clinic on 10/06/2022 - 09:07

      Don't worry the 300k Qantas points offer is not on top of the $4k cashback, you're not missing out on anything. 300k Qantas points offer is available if your application is submitted from today onwards.

      • Skyisblue on 10/06/2022 - 09:34

        Gotcha.l, Thank you

  • danielt25 on 10/06/2022 - 06:57
    +3

    Loan churner myself as well.

    NAB just as pandemic hit. $4k.
    Then to St George about 6 month later - $4k
    Then to HSBC $3,288.
    Another loan recently to CBA $2k. (Required an offset account for this loan)

    Looking at BCU for 0.5% cashback max $5,000. Will be offsetting 100% so higher interest rate ok.

    Must weigh up fees to do this to see if worthwhile:
    1. Any application fees
    2. Any valuation fees
    3. Any discharge fees (when you're churning to next bank).
    4. Government fees (unavoidable) - a few hundred.
    5. Monthly or package fees (how long are you going to hold as this may add up VS lump sum cashback). Package fees usually if wanting offset A/C

    Most application fees and valuation fees are $0 but each bank offering is different

    Paperwork is more involved, as need to provide loan statements for all lending you have, rent income statements, credit card statements, itemised monthly spending/expenses etc (compared to applying for a credit card).

    But for up to $5k cashback worth the effort. Especially if you're ok with downloading online statements, screen capturing etc

    Note: if you're going to "churn" loans do it direct through the lender as if done through a broker they have to pay their commission back if you "churn" out of the loan within a certain time frame.

    • Skyisblue on 10/06/2022 - 07:41

      Thats a good break down of the cost and very detailed post 👍

    • AssociatedMortgage Broker @ Lending Clinic on 10/06/2022 - 09:00

      Nice work! And thanks for explaining how brokers get paid :)

  • Stallion on 10/06/2022 - 09:31

    These rates are

    **3. Interest rates shown on this page are current as at Friday, 3 June 2022 and are subject to change. **

    Meaning before the RBA rate rise so add 50bp (i.e %2.79 for Simplicity Plus)

  • insertusernamehere on 10/06/2022 - 13:00

    Can you confirm whether this "Must not have received a home/investment loan cashback/Qantas points from ANZ in the last 12 months" applies to credit card sign up Qantas points as well, or just home loans? Thanks

    • AssociatedMortgage Broker @ Lending Clinic on 10/06/2022 - 16:30

      Just home loans (which includes investment property loans)

  • CheapBrah on 05/07/2022 - 12:44

    Is their loan approval team also based in India like their credit card approval team? Not sure if worth having your personal data sent to Indian if so, plus the infuriating process of trying to explain the basics of how to read a payslip, how super works, how tax works, etc.

    • AssociatedMortgage Broker @ Lending Clinic on 05/07/2022 - 15:51

      ANZ has teams both onshore and offshore. But don't worry, you only need to explain your payslips to us in Australia :)

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