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Variable Rate Home Loan 5.69% p.a. (CR 5.72% p.a.) LVR upto 60% and P&I Repayments + 0.3% Broker Cashback @ Beyond Bank

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Variable Rate Home Loan 5.69% p.a. (CR 5.72% p.a.) LVR upto 60% and P&I Repayments + 0.3% Broker Cashback @ Beyond Bank
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AssociatedLendingWorkshop @ Lending Workshop on 11/08/2023 - 10:36 beyondbank.com.au (161 clicks)

Hello Ozbargainers,

Purple Basic Variable is beyond bank's no frills product. So does not come with offset. Refer to this link to check rates for LVRs higher than 60%.

The Purple Basic Variable Home Loan has a single application fee of $445. This includes property valuation costs up to $300. Other costs (including government fees and charges) may apply. Additional fees may apply if property valuation costs exceed $300.

Exit/Discharge Fee is $350.

You can choose Home loan product((Total Home Loan Package Variable)) with Offset and same rates up to 60% LVR, but that will involve a package fee of $395 per year. Refer to this link for more details about the package product.

Beyond bank's investor home loan rates start at 5.94%(CR 5.97%) so quite competitive as well.

Looking at other banks there is a chance that Beyond bank might not be able to hold this rate for too long. But they seem most competitive at the moment.

Combining this with broker cashback of 0.3% of loan amount will give you an effective rate of 5.54% for first 2 years. 0.15% discount for 1st and 2nd year.

You can also combine broker cashback with any of the other banks on my panel. Some of the hot ones are mentioned below. Please feel free to call me on my number provided in signature below or book a no obligation appointment in my calendar .

  • ANZ $3,000 cashback for first home buyers.
  • ANZ $4,000 refinance cashback offer reducing to $2,000 from 26th August.
  • BoM/St George offer of $2,000 refinance cashback. Rates Starting 5.79% (CR 6.15%) (Ending 31st of August)
  • Westpac rates starting 5.79%(CR 6.14%)
  • Suncorp rates starting 5.83%(CR 5.84%)
  • Bankfirst rates starting 5.74%(CR 5.77%)

Refer to this link for broker cashback terms and conditions.

General Advice Warning-. The information contained on this web page is general in nature and does not take into account your personal situation. Please contact me for a tailored solution, comparing 30+ banks/lenders.

Regards,
Roopali
0415 719 759
Director | Mortgage Broker
Lending Workshop Pty Ltd
Credit Representative Number 544854| Australian Credit License Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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closed Comments

  • JayKrisx2 on 11/08/2023 - 10:42

    Hi OP, do they give loans to Self employed?

    • AssociatedLendingWorkshop @ Lending Workshop on 11/08/2023 - 10:51

      Yes, they do.

  • Bdawg on 11/08/2023 - 11:37

    How often can one refinance is there some kind of rough rule?

    • rainy118 on 11/08/2023 - 12:45

      if your loan is closed within 1 year broker commission will be paid back to the bank. if your loan is closed between 1 and 2 years, half of the commission will be paid back to the bank.

    • AssociatedLendingWorkshop @ Lending Workshop on 11/08/2023 - 18:09

      If you are directly going with the lender you can do it anytime. However, if you are going ahead with me the expectation would be atleast 2 years.

  • rainy118 on 11/08/2023 - 12:46

    Cashback of 0.15% of the loan amount paid into your nominated account after completion of 13 months. If the loan is not paid off and is still active.
    Cashback of 0.15% of the loan amount paid into your nominated account after completion of 25 months. If the loan is not paid off and is still active.
    Loan amount will be based on bank/lender's commission calculation method. That is net off redraw and offset.
    · Example – If loan amount is $500,000.00 and you have $100,000.00 in Redraw or Offset. The cashback will be calculated on $400,000.00($500,000 - $100,000.00).

  • freedomofspeech on 11/08/2023 - 15:34

    how much for 79.9% LVR

    • AssociatedLendingWorkshop @ Lending Workshop on 11/08/2023 - 18:12

      It is 5.84% for that LVR. If you take the broker cash back into consideration it will be 5.69% for the first two years.

      • freedomofspeech on 11/08/2023 - 18:35

        Just refinanced to St George recently.. next time..

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