BOQ is good option if servicing is an issue and fast turnaround time.
The eligible cash back amount is $3,000 and conditions are listed below
• The purpose of the loan must be to refinance a loan to BOQ from another financial institution. This excludes refinances from BOQ Specialist, ME Bank and Virgin Money (Australia).
• Applications need to be received from Thursday, 1 December 2022.
• Refinance settlement within 120 days of the loan application date.
• Minimum total lending of at least $250,000 with maximum LVR of 80%.
Rates highlight:
Owner occupied P&I with comparison rate (CR)
Economy Variable with redraw facility under 70% (OO PI) IR at 4.49% CR at 4.72%
Economy Variable with redraw facility under 80% (OO PI) IR at 4.54% CR at 4.72%
Investment P&I with comparison rate (CR)
Economy Variable with redraw facility under 80% (OO PI) IR at 4.79% CR at 5.01%
Other refinancing rebates available:
Citibank - Get up to $5,000 cashback when you refinance or purchase your home loan until 31 Jan 2023 T&Cs apply.
Anz - Get up to $4,000 cashback when you refinance your home loan for limited time only.
UBank - Get up to $5,000 cashback until 28 Feb 2023
Please note that there are other rebates from other banks which we can show you as part of our report to you.
Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Broker Rebate Terms and Conditions
We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more. When all loan is variable, rebate is paid in 2 instalments in 2 months and 24 months. Maximum of 1 cashback per household.
My Profile:
Ex corporate accountant for over 10 years before joined my own mortgage broker as a trainee and has been a full-time mortgage broker for over 8 years. Recent review over 100 clients.(https://www.wordofmouth.com.au/reviews/nectar-mortgages-sydn…). Won National Top Broker for customer service award 2022.
Contact me for a no obligation meeting via Calendly(https://calendly.com/james-sim/30min ) or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/
Australian Credit License number 387856
Rates for offset not apparently listed.
Also the BoQ app is worse than horrible, a bad wrapper over a very old IB framework.