Dear OzBargainers,
Hope this post finds everyone well.
Fortunately, despite the majority of banks discontinuing their cashback offers from 30/06/2023, I'm delighted to inform you that there are still a few banks that continue to provide this benefit. One such bank is BOQ (Bank of Queensland), ensuring that you can still take advantage of cashback opportunities.
BOQ has recently confirmed with us that their REFINANCE rebate offer is still ongoing.
For Refinances, BOQ is offering a cashback amount. Please see the breakdown below:
$3,000 cashback for a new refinanced home loan of $250,000 or more.
- $3,000 cashback offer is only available for new refinance applications received from 28 June 2023 and that settle within 120 days of the loan application date.
- Offer available on BOQ’s Clear Path, Economy, or Fixed Rate home loan products only.
- Minimum total new lending of at least $250,000.
- Maximum loan-to-value ratio (LVR) of 80%.
- Not available for the refinance, restructure, or switches of home loans within BOQ Group, which includes BOQ, BOQ Specialist, ME Bank and Virgin Money (Australia).
- An applicant will be eligible for a maximum of one refinance cashback payment, regardless of the number of loan applications they are party to, provided the total amount drawn at settlement across all loans is at least $250,000.
- The cashback will be paid to the applicant’s BOQ transaction account within 30 days of the settlement date.
For multiple home loan applicants the BOQ account needs to be in the name of at least one of the home loan applicants and the cashback will be paid only once to the applicants jointly. - If you do not already have one, an eligible BOQ transaction account is required to be established.
- This offer can be amended and/or withdrawn by BOQ at any time without notice.
Please see below for BOQ's current variable rates:
Owner Occupied (Redraw Only):
- P&I Variable LVR 70% - 5.74% (Comp Rate: 5.89%)
- P&I Variable LVR 80% - 5.79% (Comp Rate: 5.94%)
Owner Occupied (with Offset Account):
- P&I Variable LVR 80% - 6.04% (Comp Rate: 6.16%)
Investment (Redraw Only):
- P&I Variable LVR 70% - 5.99% (Comp Rate: 6.14%)
- P&I Variable LVR 80% - 6.04% (Comp Rate: 6.19%)
Investment (with Offset Account):
- P&I Variable LVR 80% - 6.24% (Comp Rate: 6.36%)
We would like to inform you about the fees that may apply:
- Setup fee - $150
- Monthly fee - $10 (applies only to offset accounts)
- Discharge fee - $350
In addition to the BOQ 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. 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.
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.
6.04% with offset.. St George is 5.79%