$4,000 Home/Inv Loan Refinance Rebate (Minimum $200,000 Loan & LVR under 80%) @ BankSA

40

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AssociatedLLendingWorkshop @ Lending Workshop on 23/01/2023 - 11:59 banksa.com.au (318 clicks)
Last edited 30/01/2023 - 20:17 by 1 other user

$4,000 Cashback for refinance of loan amount >= $200,000. Customers refinancing from Westpac group are not eligible.

What's so special? - Might be very useful for someone with a mortgage size between $200K and $250K.

Terms:-
Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 8th December 2021 to 28th February 2023 and settle by 31st May 2023 for refinance applications. Offer may be varied or withdrawn at any time. Min loan amount $200k and LVR up to 80%. Offer available for Owner Occupier with Principal & Interest repayments and Residential Investment Loans (Principal and Interest & Interest Only repayments). Advantage Package ($395 annual package fee and T&Cs apply) and Basic Home Loans. Limit of one $4,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant. Excludes Owner Occupier Interest Only, residential lending originated under family or company trusts and refinances within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS). The cashback will be paid into a BankSA transaction account within 60 days of settlement. This account must be in the same name as the home loan account (for joint home loans, the transaction account will need to be in the same joint names) and linked for home loan repayments to be direct debited from this account at settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

General Advice Warning. The information contained on this web page is general in nature and does not take into account your personal situation.

Regards,

Roopali
Director | Mortgage Broker
Lending Workshop Pty Ltd
Credit Representative Number 544854| Australian Credit Licence Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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BankSA (Bank of South Australia)

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• 

  dcep on 23/01/2023 - 12:15

  Do you keep a copy of record on every documentations supplied for the application ?

  If so, what is the data handling practice and any security in place ?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 23/01/2023 - 12:23

    +1

    hi phunkydude, I can imagine where you are coming from. We use fileinvite for customers to share documents and store them on cloud. That's better than getting documents on emails.

    Both the cloud drive and laptop are password protected. I hope that answers your question.

    • 

      aggregate on 23/01/2023 - 12:35

      Do you have a document destruction policy?

    • 

      Detonal on 05/02/2023 - 18:03

      Can I request to delete my documents from your fileinvite after the settlement?

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  willyroo on 23/01/2023 - 12:16

  What's the price of this "bargain" - interest rates and comparison rates for various packages a good start…

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 23/01/2023 - 12:27

    Interest rates vary based on LVR so that opens another can of worms with terms and conditions. Happy to discuss not only this deal but other options too if you are looking at options.

    • 

      willyroo on 23/01/2023 - 12:35

      +2

      can of worms

      Here it is, and not very competitive at all:

      LVR Annual Rate Comparison rate

      Standard rate 7.55% p.a. 7.71% p.a.

      LVR up to 70%
      (Includes discount of 0.10% p.a.)
      7.45% p.a. 7.61% p.a.

      LVR above 70% up to 80%
      (No change to standard rate)
      7.55% p.a. 7.71% p.a.

      • 

        JuryWheel on 23/01/2023 - 12:38

        I dont think that is accurate - the website shows around 4.74-4.85% depending on LVR etc
        "Basic home loan. Sensational rate.
        4.74% p.a. variable rate (LVR+ up to 70%)
        4.75% p.a. Comparison rate*
        Rate includes 2.13% p.a. discount off our Basic home loan variable rate. Also includes 0.10% p.a. discount for LVR+ up to 70% (your deposit is min 30% of the property value). For new Owner Occupier loans (Principal & Interest^^)."

      • 

        AssociatedLendingWorkshop @ Lending Workshop on 23/01/2023 - 12:40

        Not sure where you got these rates from but they are not right. Their rates are quite competitive, here is the link to interest rates from bankSA website

        • 

          willyroo on 23/01/2023 - 13:24

          +1

          @LendingWorkshop: I got them from the Banksa website :)

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  bohn on 23/01/2023 - 12:18

  any reason not to just go to BankSA direct?

  • 

    Royale with cheese on 23/01/2023 - 12:28

    Likely a little extra effort and waiting i imagine depending on the bank

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 23/01/2023 - 12:29

    +1

    Nothing as such. You can go directly with bank too. As long as you are financially savy and have time and knowledge to work out the best deal for yourself.

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  JuryWheel on 23/01/2023 - 12:20

  Shouldnt you list the interest rate also?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 23/01/2023 - 12:27

    Interest rates vary based on LVR so that opens another can of worms with terms and conditions. Happy to discuss not only this deal but other options too if you are looking at options.

• 

  Wazowski on 23/01/2023 - 12:39

  +1

  If you owe under $200,000 on the home loan, can you still borrow $200,000 and use the money for other things like renovating or buying a car?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 23/01/2023 - 12:41

    Yes. Please feel free to reach out via the details mentioned in the deal to discuss further.

• 

  paul11 on 23/01/2023 - 14:38

  Just applied yesterday with Tic-Toc to refinance my investment loan. Tic-Toc has 0.15% less interest rate + Offset. This one has $4K rebate. Hmmm…

• 

  JuryWheel on 23/01/2023 - 16:46

  +2

  Can we get a list going somewhere that shows the banks who are offering $3-4k rebates at the moment? I wonder how quickly people have churned through lenders……(is it a credit risk to you to go through 3 in 3 months…?)