$3000 Refinance Cashback (Min $500k Loan), Rates from 4.14% OOC (CR 4.19%, EXP), 4.49% INV (CR 4.54%, EXP) @ Great Southern Bank

20

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AssociatedMortgage Broker @ Lending Clinic on 29/09/2022 - 13:44 greatsouthernbank.com.au (149 clicks)
Last edited 08/12/2022 - 06:55 by 3 other users

Great Southern Bank has just announced a $3000 cashback offer for a home loan or investment loan refinance.
They were previously known as Credit Union Australia, you may be familiar with them.

The bank cashback is paid straight away, main eligibility criteria:

• Predominant application purpose must be for external home loan refinance.
• Applications must be received between 27/09/2022 and 30/03/2023 and settle by 30/06/2023.
• Minimum loan amount of $500,000.
• Applicants must be individuals who are Australian residents aged 18 and over.

Full terms and conditions of their cashback offer:
https://www.greatsouthernbank.com.au/refinance-terms

Interest rates are a little bit more than Westpac's rates for new customers.
Great Southern Bank is good if you're currently with Westpac or their subsidiary (St.George, Bank of Melbourne, BankSA, RAMS), because you can't get a cashback if refinancing within the Westpac Group.

What are the rates & fees

• Great Southern Bank wants your business & may be able to match or beat a competitor's offer, but below are their advertised rates:
• Owner-occupied P&I: from 4.14% variable rate (CR 4.19%).
• Investment P&I: from 4.49% variable rate (CR 4.54%).
• Investment I/O: from 4.74% variable rate (CR 4.65%).
• $0 establishment fee, $235 security administration fee, $0 annual fee; plus third party charges which all banks pass on, namely around $250-$400 for the land title office in your state/territory & typically $350 discharge fee for your existing bank.

What's unique about Great Southern Bank?

• Cool little feature called "The Boost", set up additional loan repayments every time you make a purchase with your Great Southern Bank Visa Debit Card.
• Save more when you spend more!! Nice huh?
• See how much you can save here: https://www.greatsouthernbank.com.au/home-loans/refinance.

Plus if you refinance through us as your mortgage broker, we can give you another $1500+ cashback after 18 months

Contact me for a no-obligation chat 😀

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

Related Stores

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• 

  mr_asstight on 29/09/2022 - 14:30

  +1

  Cashback is good but bear in mind this bank is old school. Everything is done by paper forms. It's a lot of hassle to do anything admin with them, and their customer service is atrocious where inconsistent advice is provided + poor and rude attitudes.

  • 

    AssociatedMortgage Broker @ Lending Clinic on 29/09/2022 - 16:25

    -2

    Hmm my BDM is very friendly. Maybe I'm lucky 😀

    • 

      mr_asstight on 29/09/2022 - 17:23

      +1

      You don't deal with BDM when you have a loan or need to get things done. Their operations team are a joke. Bear in mind you're from the perspective of a loan originator not a user.

      • 

        AssociatedMortgage Broker @ Lending Clinic on 30/09/2022 - 09:57

        -1

        How long ago was this? Now the loan contract can be signed digitally for most scenarios. Some complex loans may still need hardcopy contract.

  • 

    treefidi on 30/09/2022 - 09:34

    +1

    Last time I dealt with, it was mostly PDFs. They needed a wet signature when the loan was set up, but a year later when switching digital signature was all right.

    As far as service goes, I went into a branch recently and they were lovely, but phone service hasn't been great. I feel like they've gone downhill the last few years, from being a far better choice over the big banks to just another bank that doesn't give a shit about you. They've lost all loyalty from me.

    • 

      mr_asstight on 30/09/2022 - 10:09

      i concur

• 

  wellzi on 29/09/2022 - 14:36

  Why this and not ING's 4.09/4.11% and $3K cashback offer?
  Why this and not BOM's 4.19/4.20% and $4K cashback offer?

  • 

    mrtee on 29/09/2022 - 15:01

    Is anyone offering cashback for new loans?

    • 

      AssociatedMortgage Broker @ Lending Clinic on 29/09/2022 - 16:33

      -1

      Yes, Suncorp and Citibank come to mind :)
      Also CBA has a free NBN offer.

  • 

    AssociatedMortgage Broker @ Lending Clinic on 29/09/2022 - 16:27

    -1

    ING is good but I find they often need a bigger income to get the same amount of loan as other banks.

    If you are with Westpac Group, no cashback to BOM.

• 

  cptdandan on 29/09/2022 - 18:03

  +3

  Anybody that is looking to refinance you can currently get $4k cashback at 3.99% for loans of >250k with <70% LVR with Westpac (not when transferring from any of the Westpac group though - BankSA, Bank of Melbourne or St George)

• 

  ltbonline on 30/09/2022 - 00:41

  Bank of China also give 4k for new purchase😊

• 

  plal on 08/12/2022 - 07:30

  Does anyone recommend this bank?