Third-Party
OzBargain
Hello OzBargainers,
Thank you for your support so far!
We're excited to announce our brand new cashback promotion.
This time, we're offering up to $2000 broker cashback if you refinance your home loan or investment loan, with minimum loan balance of $500,000.
We're a mortgage broker based in Sydney, with more than 5 years experience.
You can go with any bank or non-bank lender on our panel, including all the majors, and smaller banks such as Ubank, Heritage Bank, Qudos Bank, ME Bank, Bank of China, Bank of Queensland, ING Bank and Suncorp.
Some banks are offering their own cashbacks on top of our broker cashback, up to $3288 from the bank's side.
Terms and Conditions of our Broker Cashback Offer:
- Applicable for refinance application submitted between 1/07/2024 and 30/09/2024.
- Minimum loan balance $500,000.
- We will give you a bonus broker cashback of $2000 if you keep the loan for 24 months and 1 day, or half of it if you keep the loan for 12 months and 1 day.
- The full amount of broker cashback will automatically be paid after 24 months (allowing another 1-2 months for the lender to notify us of any commission clawback). However, if you need to refinance or sell the property after 12 months and within 24 months, you can contact us and we can process a manual payment for half of it.
- Unless requested otherwise, payment will be made to the bank account you have with the lender.
- The loan balance referred to above is the effective loan balance, net of funds in the linked offset account (if applicable). In the case of fluctuating loan balances during the 12-month or 24-month cashback entitlement period, we allow up to 10% variance when compared to the initial loan balance.
- If applying for 2 loans with 2 different banks, one of the applications must meet the minimum loan balance requirement on its own.
- Please quote this offer when you first contact us.
We work with a large panel of banks and non-bank lenders, some banks currently offering their own cashbacks are listed below (on top of the broker cashback above):
- ANZ: $2000 refinance cashback & $3000 first home buyer cashback (min loan $250,000)
- ME Bank: $3000 refinance cashback (min loan $700,000) per property
- Bank of China: $3288 refinance cashback & $2000 property purchase cashback (min loan $400,000)
- Bank of Queensland: $2000 refinance cashback (min loan $250,000)
- ING Bank: $2500 refinance cashback & $1500 property purchase cashback (min loan $350,000 and the property must have at least 7 stars NatHERS rating or Green Star Home certificate)
- Please refer to the lender's website for their cashback terms & conditions. Typically you cannot have received a cashback from the lender within the previous 12 months, and cannot refinance within the same banking group. The lender's cashback is usually paid within 2 months.
We look forward to helping you save money!
Arman Soetanto
M: 0431 825 128
E: [email protected]
W: www.lendingclinic.com.au
Lending Clinic Pty Ltd (Credit Representative Number 511270) is authorised under Australian Credit Licence Number 384704
"The full amount of broker cashback will automatically be paid after 24 months (allowing another 1-2 months for the lender to notify us of any commission clawback). "
What does the part in brackets mean - that you don't necessarily get the full $2000 cashback?