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Beyond Bank: 3.49% (CR 3.52%) Variable Home Loan, P+I, LVR: <70%, Owner Occupied Refinance or Purchase

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Beyond Bank have just announced this insane deal that factors in ALL rate increases. (including September's)

Here's the rates

Owner occupier, variable, P&I (no offset, however free and unlimited redraw)
LVR up to 70% - 3.49% (comp. 3.52%)

Application fee of $445

Owner occupier, variable, P&I, with offset
LVR up to 70% - 3.59% (comp. 3.99%)

Application fee of $253
Annual Fee of $395

Investment, variable, P&I (no offset, however free and unlimited redraw)
LVR up to 70% - 3.74% (comp. 3.77%)

Application fee of $445

Investment, variable, P&I, with offset
LVR up to 70% - 3.84% (comp. 4.24%)

Application fee of $253
Annual Fee of $395

No cashback on this deal, generally speaking if you have a loan amount below $400k, you are best with a cashback offer (Currently Westpac 3.99% with $4k cashback leads the market - we can also help with this)

The rates go up by about 1% for over 70% LVR and therefore would not be a consideration, interest only also goes up significantly, so same deal here. This really is for those at under 70% who want principle and interest.


At Refinancer we are accredited with Beyond Bank and can help you apply + receive an additional benefit from us.

We are also giving away a free $300 men's watch or $200 gift voucher on settlement by applying through Refinancer below

We are also looking for long term relationships with clients, if you intend to refinance again or sell within 12 months, the banks actually claw us back on our upfront commission completely so we would be unable to help in these circumstances. I will do my best to reply to all comments.

2021 Refinancer Pty Ltd. ABN 42 843 128 571 is a corporate credit representative 513 922 of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit License 391 237)

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closed Comments

  • How much is the IR if refinancing an IP?

    • Bluetooth is better than IR for remote controls.

      • 3.74% redraw or 3.84% with offset.

        • That's pretty good!

          • @mr_asstight: Now if people need proof that this deal means business, they ain't gonna get better than some respect from the bargain king himself!

      • @JV dunno.. Why you are negged.. Its a funny comment.. Lol

    • What do we have to go to get a thumbs up from the legendary mr_asstight?

  • +1

    Is 3.74% rate supposed to be for Investment Properties without Offset?

    • Yes apologies I have just updated!

  • Do you have similar rates for construction loans?

    • no this rate bullies everything at the moment, would recommend Westpac in this space, could also refinance and get $4,000 if you own the land etc

  • What about lvr upto 80%?

    • This deal becomes unfeasible over 70% LVR, as mentioned in the above, the rate increases by around 1%, for example the 3.49% OO variable increases to 4.74%. I've been told by some at Beyond that they really need to chase some low LVR mortgages for their book, so who knows how long this deal is around for as well.

  • Right now people are struggling to decipher the market and understand what a good rate is because of constant movement, there are some lenders who still haven't passed on the last 2 RBA rate increases (but they will) With every day that goes by and lenders reach parity, this deal is going to stand out big time, the hope is that the turnaround times won't be destroyed by then!!!

  • -1

    Err. No offense intended but just because you don’t want people to churn before 12 months doesn’t mean you can dictate to them whether they’re eligible to go through you. Circumstances change all the time.

    • That’s a bizarre perspective. Any client-based private organisation can decide to do business with you, or not. You can still refinance via other means (directly with the bank, or another broker) but if you’re swapping loans every two months many brokers will stop transacting with you.

      • How exactly? As I said, unless you say upfront that you intend to sell within 12 months or refinance, then they’re none the wiser. This comment from the OP is bunk in that regard

        “We are also looking for long term relationships with clients, if you intend to refinance again or sell within 12 months, the banks actually claw us back on our upfront commission completely so we would be unable to help in these circumstances.”

        • We are just trying to get clients through the door who are committed to our brokerage, we are 100% committed to our clients, we just want clients who are committed to us as long as they are happy with our service!

    • We just don't want to work for free, we're happy to give all the free advice and give you all the time in the world, but if we don't make a buck we can't operate! It's just a suggestion as well, I like to think that we have a bond with our clients and respect each other's motivation (which aligns perfectly so they get the best deal)

      • I get that. Maybe my comment hasn’t come across right. I’m saying that situations change for people all the time and to say “you’re not the client for us if XYZ happens” is a bit of turn off. But it’s your business, so your rules and policies. I’m sure you’ve copped someone flying in flying out for personal gain on more than one occasion, so I get the basis of the comment.

        • +2

          We're just trying to limit how much this happens to us, we get people can still sell or whatever out of nowhere and that's cool. Would you rather a business that is honest and transparent from the start or a business that is unclear about expectations? We would literally run through walls for our clients and just want to know our clients are as committed as us. (if you don't believe me, try us!)

  • +1

    I recently engaged Refinancer to find me a better deal on my home loan. Refinancer are the only company in the last five years that I posted a five star online review for; they were that good. It was prompt, my needs were prioritised, the team are absolute home loan experts and super personable, too.
    I recommend them, for sure.

    • +1

      Thanks so much for this, feedback like this really is why we do what we do. Myself and team are here anytime!

  • I want to get an idea how much I can borrow more….

  • +2

    This our youtube page by the way if anyone wants some info on the current climate https://www.youtube.com/watch?v=x3bUDEru4Nk&t=3s and yes that finance machine with the impressive beard in the videos is me!

  • Does it make sense to move from Athena to Westpac with a loan amount below $400k?

    • Yes most certainly it does, Athena has no cashback and rates are not that good at the moment, we would love to help here!

  • I'm assuming this is an introductory rate for a specific term then reverts back to their regular purple basic variable rate which is 4.57% pa comparison for LVR <60%. OP, is this true? If so, how long would the intro rate term be for? No real info on their website on if its an intro rate, or fixed discount thats applied to standard rate, etc.

  • We've been told it isn't, the rate does seem to go to be true, I've literally spoken to 4 different Beyond Bank contacts amongst different channels and have been given assurance, regardless a 12 month health check happens with us regardless so it's all sweet!

    • Thanks OP. Whats your 12 month health check?

  • Essentially we look to review our clients home loans every 12 months, if we can help them save, we will recommend, might consist leveraging current lender for a better deal.

  • UPDATE: It looks like the consumer is a little slow in seeing the value of this deal. The turnaround times are going to get really average for this one, if you are thinking about it, do it quick. We have seen some great previous deals with lenders (won't mention) at around the 1-2 month mark the deals were almost impossible to get because of backlog!

  • Are these rates after the last rate hike or are there some outstanding hikes not yet reflected on the above post?

    • I've been assured by 5 Beyond Bank contacts that this rate reflects everything. I understand it seems too good to be true, hence I made sure to seek the verification so many times. It's still crazy that people are not jumping on this!

  • Looks like they've increased the rate by .25 to reflect the recent rate hike. I'm still puzzled by lack of Ozbargain attention on this? What's the catch (is there one). Also if I have a loan less than 400k but 70 LVR, rate of 4.4% with $3000 cash back vs rate of 3.74% with zero cashback, what's better?

    • The interest difference saves you $2640 a year according to 400k loan size. Compare this against the 3k cashback and when you plan to refinance.

      Beyond Bank charges a valuation fee at cost, does your other bank do this? Who’s the 4.4% with 3k?

      The application process is painful with Beyond Bank, give it a try. Communication and level of service also limited.

    • The reason is two fold

      1. Aussie consumer is confused and lacks trust to really invest into any deal they see
      2. The Ozbargain community can sometimes be on steroids to crap on anything. For example this deal might be a 9/10 but 90% of the comments are burning it for not being 10/10…..lol
  • +1

    And today this deal ends!!! We always come to Ozbargain with the best deals really early. From my experience we get lots of 'armchair experts' finding any reason to derail the deal or those who honestly just can't decipher the complicated nature of the market (totally understandable). Have a look through our previous deals, we are often right on it and if anything it really underlines the need for Aussie consumers to have an industry expert who they trust. (and I'm not saying that's us, I'm just saying sometimes we can all use a little help)

    • Agree with you that it's a good deal if not looking for cashback. Tried to find your previous deals, I can only see this one? Thanks just doing my research.

  • So, has this deal ended @HomeLoanRefinancer?

    • It's done! and the total lack of interest really shows how confused Aussies are right now with interest rates!

      • The lack of clarity in the advertising by Beyond bank was also a drawback. Nothing was clear - what is the discount on the interest rate and for how long.

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