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Variable Home Loan from 3.49% (CR 3.83%), $0 App Fee, $0 Ongoing Fee, 2-Year Intro @ Westpac (Up to $2200 Broker Rebate)

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Variable Home Loan from 3.49% (CR 3.83%), $0 App Fee, $0 Ongoing Fee, 2-Year Intro @ Westpac (Up to $2200 Broker Rebate)
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AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 09:44 westpac.com.au (308 clicks)
Last edited 23/08/2022 - 12:32 by 1 other user

The good news, is the rate after the 0.5% RBA August rate increase, Westpac has reduce their variable rates and is offer one of the lowest rates in the market

This has a free and unlimited redraw, with no offset and no annual fee

Principal and Interest Owner Occupied HOME LOAN

Variable - 3.49% (CPR 3.83%) FOR LVR <70% 2 year intro
Variable - 3.59% (CPR 3.93%) FOR 70% < LVR < 80% 2 year intro

Principal and Interest INVESTMENT HOME LOAN
Variable - 3.89% (CPR 4.29%) FOR LVR <70% 2 year intro
Variable - 3.99% (CPR 4.39%) FOR 70% < LVR < 80% 2 year intro

Fees for Westpac
Annual fee - Nil
Application fee - Nil
After two years, the rate will increase by 0.4% but you can refinance to another financial institution to get a better deal.

^Apply by 31st October 2022, settle by 31st January 2022. Owner Occupier loans (P&I repayments) and Investment Property Loans, with LVR+ up to 80% and min $250k loan. Flexi First Option or packaged home loans only ($395 annual package fee). Only one cashback offer available per primary applicant within a 12 month period. Excludes refinances within Westpac Group

We also offer the following product as well
ANZ - 3.69% variable for Owner Occupied + $4000 cashback
Suncorp - 3.67% variable rate for Owner Occupied up to $4000 cashback
ING - 3.69% for Owner Occupied + $3,000 cashback
Citibank - 3.74% variable rate for Owner Occupied up to $6000 cashback

Heroes Home Loans are also providing an additional incentive broker rebate of up to $2,200 if user our service (note this applies to all products). The broker rebate is based on the net loan amount ie (loan size minus redraw/offset etc). Terms and conditions can be found here.

Loan Amount Rebate
$250,000 $300
$500,000 $600
$750,000 $900
$1,000,000 $1200
$1,500,000 $1500
$1,750,000 $1800
$2,000,000 $2200

If you apply via me, you will $2000 cashback + bonus special broker cashback offer + broker rebate then if you apply directly with the bank. Please contact me for further details

Please feel free to email me at [email protected] or text/call me on 0477 200 670 and I would be happy to answer all finance related questions.
Wilson Yuan
Managing Director
Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD

Financial Cashback Home Loan Loan Refinance

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closed Comments

  • jjcf on 23/08/2022 - 09:49
    +11

    ozbrokerspam

  • kerfuffle on 23/08/2022 - 10:00
    +7

    OP should be penalised for failing to note they're a third party in every deal they post. Just look at their past deals where their positive vote got revoked after a moderator had to step in and apply the Third Party tag.

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 10:11

      There's no button to apply the third party tag when I submit the deal.

      • kerfuffle on 23/08/2022 - 10:14

        Then instead of using Westpac or whatever bank first and voting on your own posts, use your store as the first store, then ask the mods to add the relevant bank you have a deal for.

        • Moderatormoocher on 23/08/2022 - 13:34

          Sorry this is incorrect advice. The deal should always be linked to the bank if it is a bank deal, and the third-party link at the bottom of the deal.

          Guidelines

      • Moderatormoocher on 23/08/2022 - 13:33

        FYI, the system will automatically add a third-party tag if you add at link for http://heroeshomeloans.com.au/ at the bottom of the deal description.

  • Herb Utsmellz on 23/08/2022 - 10:10

    Can you share the fees and charges? 3.83% CR isn't great

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 10:13

      There's no fees/charges, the reason the CR rate is higher is after two years the rate goes up (It's two year honeymoon period), but if you refinance before the rates go up you won't be impact.

  • silo on 23/08/2022 - 10:14

    What happens if you leave within the 2 years? Any penalty? Also, does the ANZ 3.69% include offset? If not, what's the rate for offset?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 10:17

      If you leave within the 2 years, you wont get the broker rebate.

      The ANZ offer is just redraw only, I have to do pricing to see what's the rate when the have offset.

      Please feel free to email me at [email protected] or text/call me on 0477 200 670 and I would be happy to answer all finance related questions.

  • dumdum2 on 23/08/2022 - 10:19

    So Westpac is now only offering $2000 cashback? Blah.

  • ozgameboy on 23/08/2022 - 10:27
    -1

    LOL. This is not a deal. I got 3.39% VAR rate with full off set + $4K cashback with Westpac just a month ago. ( Only caveat is you need to pay Rocket package fee 395 per year ). $2K cash back is meh.

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 11:05

      Your rate was most likely before the August increase, so your new rate will be most likely be 3.89%

    • Polt on 23/08/2022 - 12:10

      Was this via a broker or direct with Westpac?

      • ozgameboy on 23/08/2022 - 13:24

        Via broker.

    • emboon on 24/08/2022 - 20:46

      That is a very sweet deal. Can you share your broker please?

  • cook99 on 23/08/2022 - 10:29
    +1

    So you advertise a broker rebate, in the next breath you tell people to leave to avoid the rate rise before honeymoon period to not be impacted.

    You then slyly state in a seperate comment you won't get the broker rebate if people take your own advice to refinance before this period.

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 10:31

      I will make sure that refinance occurs just after the second year anniversary of the loan so that the client receives the broker rebate and still get's a competitive rate.

  • prax21 on 23/08/2022 - 10:39

    Pls suggest the best refinance deal for 550k (with 20% equity) for P&I for owner occupy with 100% offset

  • Raarah on 23/08/2022 - 10:39

    The cashback is only for refinance or first home buyer as well? Westpac website only mentioned cashback for refinance. I just signed my loan

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 23/08/2022 - 11:05

      Citibank offers cashback for purchase. Westpac is only for refinances.

  • [Deactivated] on 23/08/2022 - 10:52

    The information seems to imply the rate will only change after two years but there are more rate increases on the way so I'm sure those will be added to this rate offer. No?

    • rdhupar on 23/08/2022 - 11:13
      +1

      Its a Variable Rate, not fixed.

    • jjcf on 23/08/2022 - 11:13

      It's the 40bp intro rate 'discount' that will expire. The all-up rate you pay will vary with the reference rate (which will almost definitely change with the cash rate increases you mention)

  • alz on 23/08/2022 - 11:10

    What's the point of this deal if rates are going up next month and the following?

    Both my fixed rates expire in November and I'm hating life already.

    • Trishool on 23/08/2022 - 11:35
      +1

      Thats what happens with 'variable' rates, they can vary depending on the decisions of the RBA. But if they go down, those in fixed rates may be paying higher. And variable rates dont have a cap on how much you can pay ahead of your loan whereas most fixed have a $10-$20K/yearly max.

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 24/08/2022 - 14:33

        ^ Correct.

        • blandest on 25/08/2022 - 08:49

          Hi OP can you please reply to my query below? Thank you.

  • blandest on 23/08/2022 - 11:54

    Hi OP!

    What’s the best variable rate on offer for P+I with an offset package from the big 4?
    Looking at investment and owner occupied.

    Thanks!

  • 51ngh on 23/08/2022 - 12:10
    +1

    Principal and Interest on Investment loans ?????????????

    I want to see rates for interest only !

    • Ghost47 on 23/08/2022 - 14:11
      +1

      +1. Paying off principal is for noobs.

  • fritzsticker on 23/08/2022 - 14:06

    Thank you op..

    Like to see this deals

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 24/08/2022 - 14:33

      Thank you

  • [Deactivated] on 23/08/2022 - 16:27

    Yeh no

  • JAP01 on 23/08/2022 - 22:12

    I transfered my load to westpact when they had 1.99 2-Year Intro. I did have a look at my account the otherday and looks like they have bumped me up 3.47. What is the point of 2 year intro rate?Is the rate is locked for 2 years?

    • miwahni on 23/08/2022 - 22:49
      +1

      Usually it's the discount off the variable rate that is locked for two years, not the honeymoon rate itself, so if variable rates rise the honeymoon rate will rise as well but will retain the margin off standard rate (eg if your rate was 0.5% lower than the SVR for the first two years, and variable rates go up by 1.75% - as they have recently - then your rate will rise but should still be 0.5% below the SVR).

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