Dear OzBargainers,
Hope this post finds everyone well.
Bank of Melbourne has extended its refinance cashback offer until 31/08/2023. Please see the breakdown below:
$2,000 cashback for a new refinanced home loan of $250,000 or more.
- Offer may be varied or withdrawn at any time. Min loan amount $250k 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 $2,000 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 Bank of Melbourne 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.
Please see below for Bank of Melbourne's current variable rates:
Owner Occupied (Redraw Only):
- P&I Variable LVR 70% - 5.94% (Comp Rate: 5.95%)
- P&I Variable LVR 80% - 6.04% (Comp Rate: 6.05%)
Owner Occupied (with Offset Account):
- P&I Variable LVR 70% - 5.89% (Comp Rate: 5.90%)
- P&I Variable LVR 80% - 5.99% (Comp Rate: 6.00%)
Investment (Redraw Only & Offset):
- P&I Variable LVR 70% - 6.19% (Comp Rate: 6.20%)
- P&I Variable LVR 80% - 6.29% (Comp Rate: 6.30%)
We would like to inform you about the fees that may apply:
- Setup fee - $100
- Annual fee - $395
- Discharge fee - $350
In addition to the Bank of Melbourne 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.
no cap, fr fr.