Third-Party
Hi OzBargainers,
I hope you’ve all been doing well—it's been a while since our last update!
We’re excited to share that, as one of Australia’s top brokerages, we’ve been selected to participate in a special pilot program with Peoples Choice Credit Union. (As you may know, Peoples Choice is merging with Heritage and will rebrand as Peoples First Credit Union starting January next year.)
As part of this exclusive pilot, we’re pleased to inform you about a new refinance rebate starting 1 September 2024. Peoples Choice is offering a $1,000 Refinance Cashback for eligible loans that meet the following criteria:
(a) the application for the loan has either is submitted to People’s Choice during the period from 9am (ACST) on 1 September 2024 to 5pm (ACST) on 31 January 2025 (“Offer Period”) and meets the eligibility requirements of People’s Choice for the applicable loan product;
(b) the minimum loan amount is $250,000 and the Loan to Value Ratio (LVR) is <80%;
(c) all borrowers are Eligible Borrowers;
(d) the loan is originated through selected People’s Choice accredited brokers (being AFG, Connective or LMG);
(e) the loan is for the purpose of refinancing another loan from another lender (other than People’s Choice or Heritage Bank);
(f) the loan is not a construction loan, bridging loan or a business loan;
(g) the application for the loan is approved by People’s Choice, subject to the usual lending criteria and credit assessment processes of People’s Choice; and
(h) the loan is fully drawn down by 5pm (ACST) within 90 calendar days no later than 1 May 2025.
Available Rates:
According to the latest information from PCCU, they are eager for new business and have secured rates as low as:
* 5.84% [6.04% CR] for owner-occupied principal and interest (P&I) loans and;
* 6.09% [6.30% CR] for investment P&I loans
Comparison Rate based on a $250,000 Loan @ 30 Years
* We are still awaiting confirmation on interest-only (IO) rates as we haven’t yet submitted pricing for this.
If you'd like to explore the discounts we can offer on Owner Occupied and Investment loans, please reach out via email with your loan amount and approximate security value, and we will provide you with a tailored quote.
In addition to PCCU's offer, we’re pleased to provide an extra bonus rebate based on the following loan amounts (rebates calculated net of offset):
$250,000 - $700,000 = $500
$700,000 - $1,250,000 = $1,000
Over $1,250,000 = $1,500
If you’re not considering PCCU but still want to benefit from a refinance rebate, let us know. We can secure rebates of $2,000 for refinances and $3,000 for FHB purchases.
Feel free to email me at [email protected] or text/call me at 0422 699 383 with any finance-related questions. We work with a panel of over 40 lenders and can help you find a home loan that suits your needs.
Kind Regards,
Nicholas O’Sullivan
ACL: 389328
CRN: 482294
Azura Financial
any fees?