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Receive a $500 Gift Card with a Residential Loan (Minimum $250,000) @ Banana Money

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Receive a $500 Gift Card with a Residential Loan (Minimum $250,000) @ Banana Money
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AssociatedAlexsydney7 on 02/12/2024 - 14:33 bananamoney.com.au (99 clicks)
Last edited 02/12/2024 - 15:13 by 1 other user

🎄 Banana Money's Christmas Giveaway 🎄

This festive season, Banana Money is offering a $500 gift card to clients who settle a new home loan with us. It's a perfect way to brighten your holidays while securing a great financial deal!

How to Participate
  1. Visit our Christmas Giveaway Page.
  2. Fill out the form to express your interest.
  3. We will contact you to get started on your loan application.
  4. Upon successful settlement, you'll receive a $500 gift card.
Eligibility Criteria
  • Open to Australian residents aged 18 and over.
  • Minimum loan amount of $250,000 applies.
  • Offer applies to residential loans only.
  • Loan applications must be submitted by 31 December 2024.
  • Loans must settle by 31 January 2025.
Why Choose Banana Money?

At Banana Money, you're not just another client – you're treated like family. Alex, our Principal Finance Broker, has years of experience in the mortgage and finance industry, helping Australians navigate the complexities of home loans with ease.

We focus on providing:
- Personalised Service: Tailored advice that meets your unique financial needs.
- Expert Guidance: From application to settlement, we'll be with you every step of the way.
- Stress-Free Experience: Let us handle the heavy lifting while you focus on your goals.

For more information and to get started, visit our Christmas Giveaway Page.

Wishing you a joyous and prosperous holiday season! 🎅

Disclaimer:
Banana Money PTY LTD ACN 680 166 492 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192.

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Comments

  • Clarky77 on 02/12/2024 - 14:43
    +8

    Not sure this qualifies as a deal/bargain!
    I’m not in the market for a home loan so can’t really confirm either way, but it’s sales guys using this site to market everyday offers that’s ruining OzB imho!
    What do others think?

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 14:54
      -1

      Hi @Clarky77

      Thanks for sharing your thoughts. I completely understand your perspective and appreciate your concern about keeping OzBargain focused on genuine deals.

      I’d like to clarify that this isn’t an “everyday offer” but a limited-time giveaway where clients settling an eligible home loan through Banana Money can receive a $500 gift card. It’s intended to provide extra value to those in the market for a residential loan, particularly during the holiday season.

      We believe it qualifies as a deal for those looking to refinance or secure a new loan, as it’s in addition to any lender cashbacks they may qualify for.

      That said, I respect the community’s feedback, and I’m happy to address any questions or concerns to ensure the post aligns with OzBargain’s standards.

      What do others think? I’d love to hear if there’s a way to make this clearer or more beneficial to the community.

  • AyTrain on 02/12/2024 - 14:44

    Hi OP, what type of gift card? Any clawback on the gift card? Can we stack with lender cashback?

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 14:49

      Good questions @AyTrain,

      •   It’s a Visa/Mastercard Gift Card.
•   There’s no clawback on the gift card.
•   Yes, if you’re eligible for cashback offers from the lender, you’ll receive the cashback from the lender in addition to the gift card from Banana Money.
  • 2pro4sho on 02/12/2024 - 14:48
    +7

    Spam. What are the rates? What's the offer?

    Just go with an online bank for cheaper rates. Gift cards promos like this are a scam.

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 14:57
      -1

      Hi @2pro4sho

      Thank you for your feedback and questions. I appreciate the opportunity to clarify the details of our offer:
      • Interest Rates:
      As a mortgage brokerage, Banana Money partners with over 60 lenders on our panel, including online banks, to find competitive rates tailored to each client’s unique financial situation. Specific rates depend on factors such as loan amount, property value, and individual credit profiles. We’d be happy to discuss your circumstances to provide accurate rate information.
      • Offer Details:
      Our current promotion provides a $500 Visa or Mastercard gift card to clients who settle a new residential loan of at least $250,000 through us. This is a limited-time offer designed to add value for our clients during the holiday season.
      • Online Banks and Gift Card Promotions:
      While online banks may offer competitive rates, our role as brokers is to present a wide range of options from both traditional and online lenders. This ensures you have access to the best possible deal for your needs. The gift card is an additional incentive from us and does not impact the loan terms or interest rates. There are no hidden conditions or “clawbacks” associated with the gift card; it’s simply our way of thanking clients for choosing our services.

      I hope this clears up your concerns. If you have further questions or would like more information, please don’t hesitate to ask.

  • HolyCr4p on 02/12/2024 - 14:49
    +2

    so generous to give us 500 bucks lol

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 15:02
      -2

      Hi @HolyCr4p

      We understand $500 may not seem like a lot, but it’s our way of giving back to our clients during the holiday season. This gift card is in addition to any lender cashback you may qualify for, making it a little extra bonus on top of a competitive loan package.

      If you’re considering a home loan or refinance, we’d be happy to assist and show you how we can provide value beyond the gift card. Feel free to reach out with any questions.

  • Cho0028 on 02/12/2024 - 14:55
    +3

    Guess it's true, there's always money in the banana stand

    • UNFKNBLVBL on 02/12/2024 - 15:01
      +1

      just 500x what is on offer here

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 15:08

      Haha, you’ve got it! 🍌 At Banana Money, we like to think there’s always something valuable to offer, whether it’s helping clients save on their home loans or giving them a little extra with our Christmas giveaway.

      If you’re ever in the market for a home loan or refinance, feel free to get in touch – we’re here to help!

  • Chumpmaster on 02/12/2024 - 15:02
    +8

    $500 immediately gets eaten up for mortgage registration and discharge fee, as well as the banks own settlement fee. Not much of an incentive unless you get great rates which isn't being advertised here

  • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 15:07

    Hi @Chumpmaster

    Thanks for your comment! You’re absolutely right that refinancing or taking out a new loan comes with associated costs like registration, discharge, and settlement fees. That’s why we aim to provide value beyond just the $500 gift card.

    At Banana Money, we work with over 60 lenders – from online and no-frills options to the Big 4, second-tier lenders, non-bank lenders, and specialist lenders. Each lender comes with their unique loan options and rates. Our role is to assess your situation, recommend the best options tailored to your needs, and help you through the application and settlement process.

    In many cases, we can also help offset costs by identifying lender cashback offers or structuring the loan in a way that minimises out-of-pocket expenses. If you’re curious about what options might be available for your situation, feel free to reach out – we’d love to assist!

  • jv on 02/12/2024 - 15:30
    +2

    Receive a $500 Gift Card @ Banana Money

    This might be a good deal in a Banana republic….

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 15:35

      Haha, we’ve heard that one before! 🍌 But don’t worry, this deal is 100% Aussie – no passports or visas required. Just a great way to add a little festive cheer to your home loan journey.

      If you have any questions or want to learn more, we’re happy to chat!

      • jv on 02/12/2024 - 15:39
        +1

        Haha, we’ve heard that one before!

        I'm sure you have…

  • donman92 on 02/12/2024 - 15:51
    +1

    You can literally get $2-4K cashback ..even the major lenders are offering that.

    $500 and it's a gift card. Enough said, this is a terrible offer and an insult to call it a deal, let alone a bargain.

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 15:59

      Hi @donman92

      Thank you for sharing your thoughts. You’re absolutely right that a few lenders are currently offering cashback deals, and these can be a great option for some borrowers.

      At Banana Money, we work with over 60 lenders, including the major banks, online lenders, and specialist lenders, to find the best loan options tailored to each client’s needs. Our $500 gift card is an additional incentive offered by us as brokers, on top of any lender cashback you might be eligible for.

      For example, if you qualify for a $2,000 cashback from a lender, you’d still receive that, plus the $500 gift card from us, bringing your total bonus to $2,500 or more.

      We also focus on providing expert guidance, helping clients compare rates, fees, and loan structures across multiple lenders to ensure they get the best overall deal – not just the largest upfront cashback.

      I hope this provides some clarity. If you’d like to learn more about how we can assist, feel free to reach out!

  • futaris on 02/12/2024 - 16:27

    Pay them bananas, you get elephants.

    That's about as a funny as a screendoor on a battleship.

    One banana, two banana
    Three banana, four
    Four bananas make a bunch

    • AssociatedAlexsydney7 @ Banana Money on 02/12/2024 - 16:46

      Hi @futaris

      Love the creativity – and yes, we wanted a catchy name, so we’re glad it’s working! 🍌

      At Banana Money, we keep things fun, but we’re serious about helping our clients find great home loan deals. Whether it’s one banana or four, we’re here to help you turn your bunch of ideas into reality!

      Thanks for the laugh, and if you’ve got any questions about the offer, feel free to reach out.

  • tenpercent on 03/12/2024 - 13:57

    $500 / $250,000 x100% = only 0.2%
    Less if you borrow more.
    Even less when you factor all the fees and interest.

    I don't get out of bed for any discounts less than ten percent.

    You've got to be bananas for this to influence your decision to take out a loan with this mob or not.

    • AssociatedAlexsydney7 @ Banana Money on 05/12/2024 - 09:18

      Hi @tenpercent

      Thanks for your comment! You’re absolutely right – $500 is a small percentage relative to a $250,000 loan. However, the gift card is not the main reason to work with us. It’s just a little bonus to show appreciation while we focus on what really matters: helping clients secure the best loan options tailored to their needs.

      To clarify, Banana Money isn’t a lender – we facilitate the transaction by working with over 60 lenders, including major banks, online lenders, and specialist providers. Our goal is to find the best deals for each client, and with the right rate and structure, the long-term savings can add up to thousands of dollars over the life of the loan.

      We’re also a small business, working hard to make a living while giving back to the community. We always aim to provide a professional service, so being referred to as a “mob” feels a bit unfair. That said, we appreciate you engaging with the discussion, and we’re here to answer any questions if you’d like to know more!

      • tenpercent on 05/12/2024 - 09:43

        You needn't be offended by the use of the term "mob". It's Australian vernacular for a group of people. E.g. "That mob are bloody good (profanity)". It has nothing to do with "The mob" or mafia or organised crime.

        Although now that I mention organised crime I'm wondering where do the funds for the loans come from? I understand your mob aren't the lenders, you're just the middle man mortgage brokers. But I'm sure you would want to be sure you are doing business with good upstanding and honest lenders.
        My understanding is that most lenders just create the money out of nothing (like forging fake bank notes, but on a screen instead), which obviously increases the total supply of money, which obviously increases inflation and then evertyhing gets more expensive. Is that how the lenders you work with issue their loans?

  • futaris on 04/12/2024 - 12:55
    +1

    Banana Phone

    Bananaman

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