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Variable Home Loan from 4.64% (CR 4.97%), $0 App Fee, $0 Ongoing Fee, 2-Year Intro @ Westpac

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Westpac has extended their cashback offer to the end of February 2023
These are the latest rates (including the December rate increase)

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

Principal and Interest Owner Occupied HOME LOAN

Variable - 4.64% (CPR 4.97%) FOR LVR <70% 2 year intro
Variable - 4.74% (CPR 5.07%) FOR 70% < LVR < 80% 2 year intro

Principal and Interest INVESTMENT HOME LOAN
Variable - 4.94% (CPR 5.27%) FOR LVR <70% 2 year intro
Variable - 5.04% (CPR 5.37%) 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.

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
Suncorp - 4.89% variable rate for Owner Occupied up to $4000 cashback
ING - 4.89% for Owner Occupied + $3,000 cashback
Citibank - 4.79% variable rate for Owner Occupied up to $5000 cashback
Ubank- 4.74% variable rate for Owner Occupied up to $4000 cashback
ANZ - 4.84% variable for Owner Occupied + $4000 cashback

Promotion ended 31/12/2022
Heroes Home Loans are also providing an additional incentive broker rebate of up to $4,000 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

Loan Amount Rebate
$250,000 $500
$500,000 $1000
$750,000 $1500
$1,000,000 $2000
$1,500,000 $3000
$1,750,000 $3500
$2,000,000 $4000

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.
ABN 17 654 630 529 | Certified MFAA Member 230928 | Australian Credit Licence number 389328 | Credit Representative’s number 530101
http://heroeshomeloans.com.au/

Related Stores

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closed Comments

  • +1

    @Wilson Heroes HL, you should know how to post this on OZB already ? Either you put as third party or affiliates

    • tag has been placed.

  • Any good fixed please?

    • For Owner occupied or investment.

      • Owner occupied please

        • I'm wondering the same

          • @mrtee: IMB. 5.09% 2 years fixed after rate rise.

            • @Izefyre: How soon can I refinance once the fixed period ends?

              • @mrtee: You can refinance as soon as your contract ends as far as I know.

        • Auswide has 2 year fixed rate for 4.89% for LVR 75% or less for owner occupied.

          • @Wilson Heroes HL: Great. HSBC showing as 4.09%, may be still nov interest not passed in. isnt?

            • @R14: Most likely they haven't pass the rba rate increase

          • @Wilson Heroes HL: Their website seems to say 5.89%? 4.89 is much more appealing.

  • +1

    should the Ubank rate be 0.05% higher at 4.59%? Same with Suncorp.

    • The Neat products have a lower rate than the own products

  • Westpac is offering $2K cashback as advertised and another $2K as a "special deal", so $4K in total. Not sure why it is not openly advertised. AFAIK, it is available through brokers and as well as Westpac directly. I am currently refinancing a loan with them directly and have been offered $4K cashback.

    • Yep, I got $4k through my broker to move to Westpac a few months ago.

  • Another 5 rate hikes in the works.
    Safe as houses is no longer a thing.

    • Do we have to rely on the Reserve Bank for monetary policy especially when inflation is being pumped by companies looking for extra profit?

      Houses are still pretty safe.

  • homestar has rate of 4.44% owner occupied. is it worth moving?

    • No. Prediction is more rate rises will come in the coming months so variable is not a good option at the moment unless you’re goal is to pay off your loan sooner where offset is an important feature. If you just want to let this GFC to pass, in my opinion, fixing your rate is your best bet.

    • +1

      They haven't pass the Nov rate increase yet so add another 0.25% on top

  • +1

    contribute to inflation by having more money being created from thin air!

    • Thank the RBA

    • Plus companies raising prices to gouge profits because the press is astro-turfing the idea inflation for them.

  • +1

    what is the lockin period for these cashback offers?

    • No lockin period for the cashback but it's better not to get refinance every few months as it will ruin your credit score

    • I wouldn't say there's a 'lock in' period to retain the cashback. They are normally paid out around 60 days from refinance being completed so that's 2 months. In most cases, brokers retain 100% commission after 2 years, 50% commission clawback if moved within 12 to 24 months and they lose 100% commission if you move within 12 months.

      If you're intention is to move within 12 months, I'd recommend going go to the bank direct as broker's are essentially small business owners who need to get paid. If your broker did the right thing then and set you up right then there's no need to move within 2 years of a new loan (plus it's a pain in the ass with all the documents you needs to provide every time)

  • +2

    Who has the best rate/ cashback (with offset), for loans of $450k, $250k and <$200k.

    Cashback for each?

    • Would be interested in this too

    • +1

      ANZ, Ubank, Westpac all give $4000 with minimum loan of $250K

      • per each loan?

        • Yes

          • @Wilson Heroes HL: Great.

            1. Which one of the 3 has the least fees over 5 years (ie sign up+val+legals+monthly+package fee+discharge)?

            2. I was one of the Optus customers who were comprimised. My current credit rating is way above average and never been denied any form of credit in my life. Thought about changing my drivers license. Will this stuff up my loan applications?

            • @tunzafun001: ANZ and Westpac have no fees.

              I can get the ubank fees waive as well.

              I don't think it will impact your application.

      • with offset (as asked by tunzafun001)? I note that in your post it says no offset…
        if it does have offset im guessing the rate is not the same as your post…

  • can i get the cashback if i had held a mortgage with them less than 12 months ago but i had moved to another lender?

    • No you can't unfortunately. Have to wait atleast 12months

  • Is the Citibank rate correct?

    Current advertised rate is 4.64% p.a

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