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Owner Occupied P&I Variable Rates from 5.24% (CR 5.57%, LVR <70%) 2 Year Intro for @ Westpac

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

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

If you apply via me, you will $3500 cashback + bonus special broker cashback offer then if you apply directly with the bank. Please contact me for further details

Principal and Interest Owner Occupied HOME LOAN

Variable - 5.24% (CPR 5.57%) FOR LVR <70% 2 year intro
Variable - 5.34% (CPR 5.67%) FOR 70% < LVR < 80% 2 year intro
For 100% offset account, please contact me for individual quote, the rate will a lot cheaper than what's advertise on Westpac website

Principal and Interest INVESTMENT HOME LOAN
Variable - 5.54% (CPR 5.87%) FOR LVR <70% 2 year intro
Variable - 5.64% (CPR 5.97%) FOR 70% < LVR < 80% 2 year intro
For 100% offset account, please contact me for individual quote, the rate will a lot cheaper than what's advertise on Westpac website

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
St George- 5.24% for Owner Occupied + $4,000 cashback
Ubank- 5.24% variable rate for Owner Occupied up to $5000 cashback
ANZ - 5.34% variable for Owner Occupied + $4000 cashback

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 can be found here.

Loan Amount Rebate
$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.
Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD
http://heroeshomeloans.com.au/

Mod: Removed duplicate from title

Related Stores

Westpac
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closed Comments

  • +1

    Isn't it $4000 cashback when going through a broker?

    • -5

      Yes that's correct :) hush hush

      • So what you are saying is that we should to through a broker to get a better deal and rate?

  • Is this offer available to existing Westpac customers?

    • -2

      No unfortunately not. but there's other offers

      Ubank- 5.24% variable rate for Owner Occupied up to $5000 cashback
      ANZ - 5.34% variable for Owner Occupied + $4000 cashback

      • +3

        Not a go at you but I just despise how banks are happy to screw existing customers over.

      • Does St George / Bank of Melbourne count as Westpac in this context?

  • @Wilson Heroes HL - my rates are expiring in June ‘23. When should I reach out to you to refinance ?

    • Hey mate, you can reach out now.

      Please feel free to email me at [email protected] or text/call me on 0477 200 670 and I would be happy to help out

  • @Wilson Heroes HL
    What are the best rates for Interest Only INVESTMENT HOME LOAN

    • -2

      Loan size?
      Estimate Property value?
      Who are you currently with?

      • +1

        Also your Ammi's maiden name @podilamaya.

  • Curious why not Uloan which is advertising at 4.99% atm?

  • Unloan I meant from CBA…

    • -1

      Unloan doesn't deal with broker's unfortunately

      • Because they offer lower rates than you can?

        • Hi @punkman, not defending op. I have negged his last deal in past. But he is right on this point. Unloan doesn’t deal with brokers. Also, please note that cashbacks change the equation. With broker and bank cashbacks combined. They will work out to be better than unloan in most cases.

        • -1

          No it's because it's own by CBA, and they want to try retain as much of the market share away from brokers. They dont offer any cashback, so if you factor that in with the rates. It's usually works to be cheaper than unloan.

          • @Wilson Heroes HL: $1250 per year cheaper on a 500k loan @4.99%, with lower LVR requirements and no fees to change to.

            2 year intro rate with Westpac means I will likely have to do something again in 2 years

            • -1

              @punkman: For now, but you have to factor in the Unloan has been increasing the rates higher than RBA increase and out of cycle.

              CBA delivers 0.3pc home loan increase for Unloan customers

              https://www.afr.com/companies/financial-services/cba-nab-lif…

              • @Wilson Heroes HL: Nice article, gave it a read

                "Unloan’s rate remains one of the sharpest in the market, and the digital home loan has passed on 0.4 percentage points less than the 3.25 percentage points of increases since May."

                One 0.05 larger increase, given it has not passed on all 10 consecutive increases since last year in full.

                What are you trying to suggest?

  • These rates are pretty high - go through Unloan, takes 10 minutes online - not sure why anyone uses a broker nowdays - unless you have multiple/complicated

    • Not everyone can be approved by Unloan, as they have pretty strict credit policy.

      Also Unloan they are know to delay the rate increase to suck customers in.

      • +1

        Unloan have already passed on the latest increase (after absorbing 2 before that) and its still under 5%.

    • What about cashback? Also, Athena started the same way. Look at their rates today. I hope unloan can prove that Aussies want set and forget loans. Athena tried and doesn’t look like they will survive long.

      • +1

        If a couple of thousand cash back means you pay 1/2 a % more on a mortgage - you're exactly the customer the bank wants

        Unloan is owned by CBA, not a new business like Athena

  • Hi @Wilson Heroes HL, I was looking at refinancing recently. The rates in your deal are good. However being the OzBargainer that I am, I was looking at Unloan, as their rates are about .15% lower at 4.99%. Have you had any experience with them/do you work with them?

    • Hi
      Unloan doesn't deal with broker's unfortunately.

  • Hi @Wilson Heroes HL, what are the current best rates for 500K refinance? Property estimate value at 780k. Currently with Westpac. Thanks!

  • With less than 250k left on a loan due to repayments is there anything preventing someone from redrawing until back over 250k, refinancing, then dumping the extra payments back into the loan?

    • No that's fine

  • Don't bother with this villains - emailed on the 12th March and still haven't received a reply.

    • +2

      I am currently using Wilson to do refi and just got approved. He and his team are easy to deal with.

  • Coming off fixed rate with St.George in couple of months for investment property with 55 to 60% LVR. Which bank is offering better rates and cashback and should I start switching process already?

  • Called Westpac personally and this operator won't budge anything below Variable 5.29 Offset LVL<60%. No Cashback retention for existing customers.

  • Hey mate, I am currently with Westpac with $550k< Investment loans. Variable rate offered to me was 5.58%. Any way to get your rate? Cheers

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