A major bank has just announced a fantastic rebate on refinances to the lender for both owner-occupied and investment loans.
Even in a tough credit market, some lenders are doing their best to attract new business. And this rebate opportunity has a wide range of eligibility requirements, giving more borrowers cash back just in time for Christmas.
Refinance rebate details
Loan amounts $250,000 to $700,000 receive up to $2,500
Loan amounts over $700,000 receive up to $3,500
You better be quick!
Loan applications must be submitted between 29 October 2018 and 31 December 2018 and drawn by 31 March 2019.
Terms and conditions
Available for new to bank refinanced Home and Residential Investment Loans with principal and interest repayments or interest only repayments.
Available for Standard Variable, Fixed, Residential Investment and Simplicity PLUS products. This includes products held under a Breakfree Package or (where available) in a company name.
Note: Line of Credit Accounts (Equity Manager) are not eligible.
Customers must take out a minimum of $250k in new to bank lending. There must be a refinance portion to the loan.
Available to existing Home Loan or Residential Investment Loan customers refinancing an additional amount from another financial institution (total new lending must be at least $250k).
Your full financials will need review prior to acceptance of any offer or product. Subject to lender terms and conditions.
Customers can only receive one switching repayment within a 12 month period