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0.06% Rebate on Homeloan Amount - Premium Broker

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0.06% Rebate on Homeloan Amount - Premium Broker
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Employeetomleonhart on 07/04/2015 - 09:03 premiumbroker.com.au (257 clicks)
Last edited 07/04/2015 - 17:24 by 1 other user

Hi fellow Ozbargainer,

I would like to take this opportunity to offer those of you who are planning to buy a place or looking to refinance.

For any residential home loan settling through us, you will receive a one off rebate of 0.06% of your loan amount. This is additional to any benefit offered by the lenders currently.

To take up this offer, your loan must be submitted from today to 31/05/2015.

Note: This is my profile http://premiumbroker.com.au/SydneyCBD.html. This promotion is only serviced by me (Tom Nguyen) and does not apply to the group of Premium Broker.

To apply or find out more about this offer, please send an email to [email protected] or just send me a PM on Ozbargain.

I speak English, Vietnamese and have full access to a translator for Mandarin and Cantonese.

Financial Home Loan

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closed Comments

  • ezza on 07/04/2015 - 09:05

    0.06% or 0.6%? Your title and comments are different values

    • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 09:05

      woops. Fat finger ! sorry.

  • sinners007 on 07/04/2015 - 09:07
    +3

    Does this belong is the "deals" section? For simplicity, this "offer" equates to $60 per $100k spend. In the grand scheme of OzB not sure we clasify a 0.06% as a bargain generally.

    • Maglia Nera on 07/04/2015 - 09:07

      +1

    • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 09:08

      If you go to shop A and spend $100k and get nothing, then you go to shop B and spend $100k and get $60 for the same product. Would it be considered a bargain ?

      • DealzEddy123 on 07/04/2015 - 09:16
        +2

        would be a considered a deal/offer but not necessarily a bargain.

        in my mind a bargain is… like a fully sick deal….

        but yeh, also depends on the rates you can offer and whether the product is ideal.

        I'm actually going through the refinance process with Ubank atm… my own home… no fancy features required. feel free to PM me if you think that there's something else I should consider.

      • DS2k on 07/04/2015 - 09:33
        +3

        Reminds me of Russell Peters,…
        Then you have a dollar….
        Like if you understand what I mean…

        • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 09:35
          +1

          Russell Peters is my hero :)

        • altomic on 07/04/2015 - 15:50

          @tomleonhart: Peter Russell Clark is my hero

      • jv on 07/04/2015 - 10:10
        +1

        Would it be considered a bargain ?

        No

        • cpho on 07/04/2015 - 19:48

          No

          FTFY

  • Bucksaver on 07/04/2015 - 09:25
    +1

    There are better rebates available from other brokers in market. I got around $1500 rebate on 300k loan depending on lending Bank.

  • suti on 07/04/2015 - 09:50

    Financial planners are moving off commissions and into flat fee models, why is there so little pressure on mortgage brokers to do the same thing?

    People do realise they get about 0.2% of the loan in commission upfront and up to 0.2%pa trail brokerage a year (exact % depends on bank)? Think about it, thats $1k upfront for writing a 500k loan - and that's not hard in Sydney given where property prices are.

    • Linkwick on 07/04/2015 - 10:30
      +1

      Sad thing is, the banks allocate that commission as part of the cost of doing business. If you don't use that broker, the bank doesn't make that product any cheaper for you to offset their savings.

      Asked for a competitive deal from banks direct when doing our original loan with a broker, and the bank rep actually advised using the broker as otherwise the bank pocketed the difference themselves. Might as well throw the broker a bone rather than a multi-$bill bank.

  • [Deactivated] on 07/04/2015 - 10:03
    +1

    No deal. A lot of Asian brokers would provide cash "rebates".

    I believe usual brokers such as mortgage choice could provide min. 0.05% (upto 0.3% depending on broker) discount on mortgage.

    Voted neg-ed. Pure marketing (spam?). Not much of a deal.

    Not to mention a breach on ASIC's requirement on quoting necessary T&Cs and ACL.

  • [Deactivated] on 07/04/2015 - 10:37
    +1

    Not a bargain and negged.

    Speaking liberally: Get this marketing crap off ozBargain, this isn't the place to advertise your products (for free) under the pretences of a deal.

    • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 10:48
      -4

      Hi Razza,

      I'm sorry to hear that you didn't find my deal valuable.

      I'm speaking to a couple of users who found it to be worth their time so hopefully that justify the posting of the deal

      Regards,
      Tom

      • [Deactivated] on 07/04/2015 - 10:52

        Doubtful, 0 upvotes.

        • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 10:53
          -1

          You have every right to be doubtful.

          But i'm just telling the truth to justify myself for posting this :)

          Regards,
          Tom

        • [Deactivated] on 07/04/2015 - 11:42
          +2

          @tomleonhart:

          Dear Tom,

          I am sure they would NOT justify your posting if they have spoken to another broker.

          In terms of cash rebate, there are brokers out there will be do a better deal than you.

          In terms of credit provider panel selection, you do NOT do some of the smaller providers (ie. credit unions), which generally offer lower rates.

          In terms of negotiating for discounts on the loan, VOW is unlikely to able to negotiate for a bigger discount compared to aggregators that churn through higher volumes of credit contracts. (ie, mortgage choice, connective).

          On the regulatory compliance side, you have breached ASIC's marketing requirement for credit contracts.

          Regards,
          ozbargainer

        • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 11:54
          -2

          @googleyahoo69:

          Thanks for the reply.

          In terms of cash rebate, ….. - Please share the love with other ozbargainers and post their details so everyone can benefit. I'm fine with that.

          In terms of credit provider panel selection, you do NOT do some of the smaller provid…. - how do you know we don't?

          In terms of negotiating for discounts on the loan, VOW is unlikely… -That is incorrect. we have managed to negotiate for 4.3% variable with NAB together with 1000 cashback for our larger loan clients.

          I notice people saying "there is a better deal out there" but Never see any detail, hence I posted the deal to hopefully someone who is looking for credit can be benefit from it.

          Cheers,
          Tom

        • DealzEddy123 on 07/04/2015 - 12:02
          +1

          @tomleonhart: agree, if there's a better deal, tell us where we can get it…

        • [Deactivated] on 07/04/2015 - 12:07

          @tomleonhart:

          1.. In terms of cash rebate - not publicly advertised, as it's likely to be a misconduct as per ASIC.
          Exampl:
          The rebate is likely impact the comparison rate
          Sample reference case (ASIC EU) http://download.asic.gov.au/media/1337372/EU-Bhart-Bhushan.p…

          I also DO NOT believe this is approved by VOW's compliance team. I would strongly encourage ozbargain to confirm with VOW's head office to confirm legitimacy of such "rebates".

          2.. In terms of negotiating for discounts on the loan, VOW is unlikely… http://www.vow.com.au/business_partners

          3.. In terms of negotiating for discount on loans, VOW is unlikely… This is subject to size of the loan. What you can do is no different to what other brokers can do, especially the bigger aggregators.

          4.. The question remains unanswered on compliance to ASIC requirements on credit contract advertisement.

          Not directed at you personally, this site is for bargains, not marketing (especially non-compliance marketing).

          -ob

        • stingy-oz on 07/04/2015 - 13:04
          +2

          @tomleonhart:
          Just to be fair, 4.3% is pretty standard for NAB…..sorry. I'm a NAB client and i got better deal than that. It all comes down to negotiation.

        • Employeetomleonhart @ premiumbroker.com.au on 07/04/2015 - 13:05

          @stingy-oz: Was it a 4.3% variable with the professional package ? :)

        • Peanut money on 07/04/2015 - 13:25
          +1

          @tomleonhart:
          Probably yes and they would of negotiated it with no annual fee for the life of the loan :) :)

        • superbass on 08/04/2015 - 11:02

          @tomleonhart: Is the NAB 4.3% variable and comparison with offset? If it is, I am planning another investment property and would be interested. And what's the larger loan? 700k+?

  • sunnyii on 07/04/2015 - 11:58
    +1

    I voted positive because Tom is behave enough to offer 0.06% rebate!!!

    • Dominic on 07/04/2015 - 12:36

      Oh behave!

  • sjfhsueh on 07/04/2015 - 14:39

    Unless you can offer a loan package with an offset account, no ongoing fee, and below 4.24%, You will not have my attention.

    But yeah on the other hand, I understand that you are trying to make a living. So no neg from me.

    • great-price on 07/04/2015 - 17:12

      4.24% with offset sounds good. Where can I get that rate? I'm paying 4.43% at the moment.

      • microsnot on 07/04/2015 - 23:24

        Yeah, that does sound good especially if it's a comparison rate.

      • sjfhsueh on 08/04/2015 - 21:46

        Well I'm with loans.com.au

        They were running an offer for a long time which is now expired. Right now if you want an offset account the rate will be 4.27%.

        Add 0.02% for the approx comparison rate. As there is no ongoing cost the 0.02% represents the valuation fee $220 and $300 settlement fee.

  • microsnot on 07/04/2015 - 18:27

    That's a pretty poor rebate for upfront commission. What happened to the other 0.24% to 0.6% of the commission?

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