BOQ $2,000 Home Loan Refinance Cashback (Min $250,000 and LVR ≤ 80%) + 0.60% Mortgage Broker Cashback @ BOQ

Hi OzBargainers,

Hope everyone is well.

BOQ extended their existing refinance cashback offer from 08/09/2023. The cashback amount is $2,000 for a new refinanced home loan of $250,000 or more.

• Special limited-time $2,000 cashback offer only available for new refinance applications received from 8 September 2023 that settle within 120 days of the loan application date.
• This offer is open to Australian residents aged 18 and over who are personal customers taking out a new home loan with BOQ, refinanced from another financial institution.
• 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%.* Advantage Package ($395 annual package fee and T&Cs apply) and Basic Home Loans.
• 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.
• Customers who have received a refinance cashback payment from within the BOQ Group within the 12 months prior to their loan application date will be ineligible for this offer.
• 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.
• Offer current as at 8 September 2023.
• Applicants should seek their own tax advice in relation to the receipt of a cashback on settlement.
• Fees and charges payable. BOQ's standard credit assessment criteria apply.
• Full home loan terms and conditions are available at any BOQ branch.

Please see below for BOQ's current variable rates:

Owner Occupied:

• P&I Variable LVR 70% - 5.94% (Comp Rate: 6.09%)
• P&I Variable LVR 80% - 5.99% (Comp Rate: 6.14%)

Investment:

• P&I Variable LVR 70% - 6.09% (Comp Rate: 6.24%)
• P&I Variable LVR 80% - 6.14% (Comp Rate: 6.29%)

We would like to inform you about the fees that may apply:

• Settlement fee - $150
• Monthly fee - $10
• Discharge fee - $350

In addition to the BOQ cashback, With Cashback, as your mortgage broker, offers 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: The remaining 50% of the cashback to your nominated bank account.

Simple example:
If you refinance a $1,000,000 loan, the cashback amount you are able to get: $2,000 (from BOQ) + $6,000 (from us) = $8,000 (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.