Hello OzBargainers,
Hope you're all doing well.
BankSA is offering $2000 cashback incentive, when you refinance your home loan or investment property loan, with only $200K minimum loan amount!
Why choose BankSA?
- Minimum loan amount only $200K to qualify!
- Streamlined refinance available with lower serviceability buffer, likely can get approved even if servicing is failing with other banks (loan must be on Principal & Interest repayment).
- Multiple offset accounts can be linked to 1 variable rate loan account.
- Owned by Westpac Group, same excellent internet banking platform and customer service standards as St.George and Bank of Melbourne.
What's the cashback?
- Switch your loan to BankSA and you could lower your repayments, or pay off your your loan faster.
- Apply from 1st September 2023. Settlement must occur within 120 days of applying.
- Owner Occupier (P&I repayments) and Residential Investment loans, with LVR up to 80%.
- Available on either the Basic Home Loan (no annual fee & no offset account) or the home loan with Advantage Package ($395 annual fee & offset account).
- $200K min loan.
- Only one $2K cashback offer available per primary applicant within a 12 month period.
- Excludes refinances from within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS).
- The cashback will be paid into a BankSA transaction account within 60 days of settlement. This account must be in the same name as the home loan account (for joint home loans, the transaction account will need to be in the same joint names) and linked for home loan repayments to be direct debited from this account at settlement.
- Offer may be varied or withdrawn at any time.
What are the rates?
- For a basic owner occupied home loan without offset account, they currently have 5.94% variable rate if LVR <=70% (CR 5.95%), $0 annual fee.
- If you would like an offset account, we can negotiate lower rates than what you see on their website, indicatively can get 5.78% variable rate (CR 6.12%), $395 annual fee.
- Full list of advertised rates available on the BankSA website.
As a bonus if you quote this post when you call us, upon settlement we're also giving away a bonus travel accommodation voucher through Global Vacation Reward (while stock lasts), which can be used towards a 3-night to 7-night accommodation in Australia and overseas. Booking & service fees apply, dates are subject to availability.
Already with BankSA? Some other home loan cashbacks still available:
- ANZ: $2000 refinance cashback & $3000 first home buyer cashback
- ME Bank: $2000-$3000 refinance cashback per property
- Bank of Queensland: $2000 refinance cashback
- Bank of China: $4000 refinance cashback
Hope to help you save some money!!
Kind regards,
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
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