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Extra $2100-$9000 Broker Cashback (Min $350,000 Loan Size) with ING Refinance @ With Cashback

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Dear OzBargainers,

Hope this post finds everyone well.

ING has notified us that they have extended their REFINANCE rebate offer for eligible applicants. Applications must be submitted by 30 June 2023.
For Refinances up to 80% LVR, ING is offering a $3,000 cashback amount for loan amount > $350,000.

• The Promotion is limited to one $3,000 refinance cashback per Application irrespective of the number of:
a. properties or borrowers included on the Application; or
b. loan accounts that are being opened through the refinance.
• An active ING Orange Everyday transaction account must be held in the same name(s) as the new ING Home Loan at the time that the cashback is paid (which will occur within 70 days after settlement).

Please see below for ING's current variable rates Loan:
Owner Occupied:
• P&I Variable 60%-80% LVR - 5.59% (Comp Rate: 5.88%)

Investment:
• P&I Variable 60%-80% LVR - 5.84% (Comp Rate: 6.13%)

We would like to inform you about the fees that may apply:
• Upfront fee - $299
• Discharge fee - $250

We offer several other products, here are some examples:
• ANZ - 5.79% variable rate for Owner Occupied: Up to $4,000 cashback from the bank + 0.60% of loan balance cash rebate from us
• Bank of Melbourne - 5.44% variable rate for Owner Occupied: Up to $4,000 cashback from the bank + 0.60% of loan balance cash rebate from us
• Suncorp - 5.54% variable rate for Owner Occupied: Up to $4,000 cashback from the bank + 0.60% of loan balance cash rebate from us
• Westpac - 5.49% variable rate for Owner Occupied: Up to $3,500 cashback from the bank + 0.60% of loan balance cash rebate from us

If you need an estimate of the applicable rates, please don't hesitate to call or email us with the following information:
• Owner Occupied / Investment;
• Principal & Interest / Interest Only;
• Loan Amount;
• Property Value;

In addition to the ING cashback, With Cashback, as your mortgage broker, offer extra cashback to our customers (withcashback.com.au). The cashback amount from us will be 0.60% of the loan balance. Here are some examples:
• $3,000 cashback for a home loan of $500,000
• $6,000 cashback for a home loan of $1,000,000

Our cashback will be paid to you at the following intervals from the settlement date:
• After Year 1: First 50% of the cashback to your nominated bank account.
• After Year 2: Remaining 50% of the cashback to your nominated bank account.

To summarize, if you are refinancing a $1 million loan, you will receive: $3,000 (from ING) + $6,000 (from With Cashback) = $9,000 in total.

Feel free to contact us at:
Phone: 1300 685 008
Email: [email protected]
Website: www.withcashback.com.au
With Cashback Pty Ltd ACN 620 888 502 is registered with the Australian Securities and Investment Commission as an Authorized Representative number 502385 under FreedomLend Pty Ltd ACN 604 868 957, Australian Credit License 498325.

Mod: Removed duplicate from title

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closed Comments

  • Do they offer home loans to Company Title properties?

    • Hi Ruckmauler

      From ING underwriting guidelines, they note acceptable security type for Company Title when four or more units in development.

  • -1

    people can call ING and get a better rate?

    • Not typically.

      Plus brokers usually have a good relationship inside the bank and can push things through a bit easier than you yourself could.

      I've financed with and without a broker in the past, without ends up being more hoops to jump through in my experience and have always gone with a broker since then.

      • the advertised rate on the ING website is lower though?

  • Commerical loans ? Or just resi?

    • Hi rix86, this offer is for residential home loans only.

  • Anyone know if ING would offer this "cash back" to existing customers to stop them from switching lenders? Worth a shot?

    • typically speaking a bank will tell you to kick rocks if you are refinancing with time left to run on your fixed portion of your mortgage

      • And if your loan is 100% variable?

        • i have no experience in this realm, always opted for fixed. prefer the budgetary certainty

        • I'm on variable. ING told me to 'kick rocks' and all I wanted was to get back on their their advertised rate.
          And they made the process humiliating trying to make me play desperate and beg.
          Then trying to make me promise I wouldn't refinance if they gave me close to their advertised rate.
          I am well sick of having to ring and threaten to leave as they keep letting the rate creep up.

          • +1

            @tonka: ING were very inflexible with me and wouldn't give me their advertised rate either. I had previously had been happy with them, but transferred out.

            • +2

              @thriftylashes: Same here. Moved to unloan and much happier so far.

    • +3

      ANZ offered me $4k cashback to stay with them, after I lodged my discharge form.

  • I coincidentally sent an enquiry through today as it happens…is the bank cash back paid into a nominated account upon settlement as normal?

    • +1

      Hmmm, no answer to this on either this thread or specifically about this to my email. Suspicious they may hang onto all the cashback funds and collect the interest on it for a year before distributing. If that's the case then there's obviously a risk of fraud and misuse of funds while "under management" for the year.

  • Which bank/non bank has the least fees and $4k cashback? It’s already 2 years with my current broker, I should churn now

    • I am also interested to know, I am in a similar situation too.

      • ANZ had the least fees for me, only had to pay $350 to establish loan and $350 to discharge old loan and got $4k cashback. No ongoing fees. Only issue I found is ANZ is one of the most painful banks to deal with, will be switching soon.

        • only prob is i'm currently with them, so will need to churn to someone else before going back to them. Contrary to many I've only had good experiences with ANZ in both home loan and CC

          • @macr0hard: St George does $4000 cashback, $100 settlement fee + govt charges, and your discharge fee from current lender.
            Easy to deal with, no hassles. Recently switched

  • Any cashback on new loans?

  • For the broker cashback portion, is this reduced by any money in the offset or redraw account? Or just calculated based on loan taken out?

    • Hi zerOne, yes, our cash rebate will be reduced with any funds in your offset or redraw.

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