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Fixed rate Home Loan at 3.99% p.a. (Comparison 4.60% p.a.) via Hashching

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Fixed rate Home Loan at 3.99% p.a. (Comparison 4.60% p.a.) via Hashching
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AssociatedLsodhim on 13/05/2015 - 11:08 hashching.com.au (98 clicks)
Last edited 13/05/2015 - 12:31 by 1 other user

Own your home sooner with fixed rate home loan offer at 3.99% p.a. 3 Year Fixed rate | comparison rate 4.60% p.a.

  • Application fee of $300 refunded on settlement by broker exclusively for HashChing users
  • Monthly fee of $10 refunded for first 12 months (worth $120) by broker exclusively for HashChing users.
  • Loan To Value Ratio <= 80%
  • This offer is also available to people on 457 Visas
  • Offer is available for home loan applications received before 31 May 2015 and settled by 30 June 2015.
  • Cashback of $50 by HashChing on loan settlement

Following the Ozbargain guidelines, the mortgage broker is securing this particular rate from Bank of Queensland. Please note that Bank of Queensland is not directly offering cashback or refunds and they are being offered by HashChing only which is why we are advertising it.

HashChing is an authorised Credit Representative ACL No: 390261

Financial Home Loan

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closed Comments

  • illz on 13/05/2015 - 11:08
    +3

    Spam & Rip off.

  • Associatedsodhim @ HashChing on 13/05/2015 - 11:09

    Hi Millzy, Why do you say so? Would like to get your feedback.

    • [Deactivated] on 13/05/2015 - 12:01

      BOQ, UBank and NPBS are doing 3.99%. Whilst you can not fund with UBank via brokers, other two lenders are do-able.

      Most brokers would waive the application and valuation fee. Whilst some would offer a little more such a cash rebate.

      NPBS is current offering $1000 rebate, in addition to the 3.99%

      http://www.newcastlepermanent.com.au/tabid/973/default.aspx

  • tightarse on 13/05/2015 - 11:09

    What's the actual deal?

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:12

      The deal is the Application fee refunded, monthly fee for first 12 months refunded, and a cashback of $50.

  • jv on 13/05/2015 - 11:10
    +3

    Fixed rate Home Loan at 3.99%

    Better deal at the Reserve Bank

    Only 2.00% !!!!

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:11

      We would love to sign up Reserve Bank to our platform ;)

      • jv on 13/05/2015 - 11:12
        +1

        I opened up an account with them last year…

        They have great interest rates.

        • Associatedsodhim @ HashChing on 13/05/2015 - 11:14

          Last I heard, they didn't give out home loans to consumers :)..Although that would be awesome

        • jv on 13/05/2015 - 11:17
          -3

          @sodhim:

          Last I heard, they didn't give out home loans to consumers

          I'm starting up my own bank, then I will loan to myself… #loopholes #theozbargainway

        • Associatedsodhim @ HashChing on 13/05/2015 - 11:18

          @jv:

          +1 vote from me :)

  • [Deactivated] on 13/05/2015 - 11:14

    1.99% too much.

    The deal is the Application fee refunded, monthly fee for first 12 months refunded, and a cashback of $50.
    You can get that all from any lender.

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:16

      Thanks tuzii. I didn't see the lender advertising this upfront so it would be great if the lenders advertise it upfront so that people don't have to ask.

      • [Deactivated] on 13/05/2015 - 11:40
        +1

        it would be great if posters actually came here with bargains as opposed to stock standard deals that can be had anywhere.

  • suti on 13/05/2015 - 11:21

    You also need to disclose the commission you get out of this.

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:23

      Hi Suti, all commissions are disclosed on our website although we are doing free trial with brokers this month only. We will get commissions from 01 June.

  • Tiger on 13/05/2015 - 11:29
    +1

    3.99%, Comparison 4.60% Fixed for 3 years is unbeatable. However, I think this is misleading advertising as it should be 3.99%p.a./4.60%p.a.

    Note the small but significant difference. The difference on a $500,000 loan is over $40,000 in interest over 3 years. It can't be a typo as it's mentioned twice here (in the Title and the description). Possibly a lack of understanding (which a reputable and experienced Lender/Broker would understand).

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:30

      Good point Tiger. Let me fix it. Thanks for pointing this

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:33

      Fixed Tiger :)

      • Tiger on 13/05/2015 - 11:34
        +1

        Not really. Your website is also misleading.

        • Associatedsodhim @ HashChing on 13/05/2015 - 11:35

          Can you elaborate Tiger?

        • Tiger on 13/05/2015 - 11:39
          +1

          You have made the same claim on your website - 3.99%/4.60%.

          I want that loan you're advertising, but I don't think you could deliver on it! It's careless compliance, at best.

  • Associatedsodhim @ HashChing on 13/05/2015 - 11:42
    -2

    Hi Tiger, We are advertising the same way any lender is advertising.

    If you have the right credit score, income and fit the criteria then I don't see why would you not get it. We are an authorised credit licence representative and we do understand our compliance obligations.

    Happy to help further.

    • [Deactivated] on 13/05/2015 - 11:51
      +1

      No you don't.

      You DO NOT understanding your compliance requirements.

      Just to mention one of it - Aust Credit License not quoted when you are ADVERTISING an offer for credit service here.

      Sad to see people not only spamming ozBargain, but also in the grey area of compliance.

      Take a quick browse through NCCP and RG209.

      • Associatedsodhim @ HashChing on 13/05/2015 - 11:55

        Hi googleyahoo69, It's clear that you are from broking industry since you mentioned those terms. ACL is clearly displayed on the landing page of the ad and in the footer of the website everywhere. I am happy to mention the credit licence in the ad here if that satisfies your requirements.

        • [Deactivated] on 13/05/2015 - 11:58
          +1

          Sick and tired to see spams on ozBargain and I do NOT think ozBargain should be the right place for consumer credit contract advertisement.

          Note: ACL is not accepted as per NCCP, full must be diclosed.

          Negative vote remains. Dont see a bargain here.

  • Tiger on 13/05/2015 - 11:50
    +1

    Incorrect! All reputable Lenders advertise an annual percentage rate. Even BOQ have done so.

    • Associatedsodhim @ HashChing on 13/05/2015 - 11:52

      Will fix that p.a. and I am sure people are not expecting to pay per month rate. Anyway, I will get the web designer to mention p.a. to clear any doubts but thanks for bringing this to attention.

      • Tiger on 13/05/2015 - 12:10
        +1

        You're welcome, but you cannot assume what people are going to think. That is why there are advertising guidelines. Advertising 3.99% Fixed for 3 years does not mean per month. It means the Borrower only has to pay 3.99% over the 3 years (i.e. total interest of $19,950 on a $500,000 loan), whereas 3.99%p.a. would be over $60,000 over the same 3 years. See how even you have misinterpreted your own advertising?

        You are not only exposing your own business to litigation, but also BOQ and Ozbargain as the Moderators are complicit in allowing misleading (and potentially deceptive) advertising. Perhaps the Ozbargain guidelines need to be updated.

        To be fair, you are not the only Broker/Lender to breach this. I have seen this before on Ozbargain, but it still doesn't make it OK, especially when there are other Brokers and Banks doing the right thing.

        • Associatedsodhim @ HashChing on 13/05/2015 - 13:24

          Fair comment Tiger. Thanks for pointing it out.

  • apophis on 13/05/2015 - 12:02

    So can I fix that interest for 30 years? I think that's what Tiger is getting to…
    Your website doesn't tell me much of the "catch" unless I register and log in.
    "Different terms, fees or other loan amounts might result in a different comparison rate." Interesting, so I can apply for the fixed rate for N years.

    • Associatedsodhim @ HashChing on 13/05/2015 - 12:03

      Hi apophis, it's fixed for 3 years as it states in the ad above.

      • jv on 13/05/2015 - 12:20
        +2

        as it states in the ad above.

        So you admit this is SPAM

  • halfnhalf71 on 13/05/2015 - 13:28

    Geez, everyone's giving the guy a pretty hard time.
    I would have to agree with him that most brokers would not post that you can get the fees refunded unless you ask so it is in fact cheaper than the BOQ rate…unless someone has a link to a broker that is offering it cheaper and can prove him wrong?
    I think that his argument is common for lots of products where, for e.g. they advertise a TV for $2000 but you can ask for a discount in store and get it for $1800.
    Having said all that, a comparison rate of 4.6% is not that great. I use State Custodians and their variable Breathe Easy loan is full featured and has a comparison rate of 4.13% and they just announced they are about to drop it another 0.25% so 4.6% v 3.88%… https://www.statecustodians.com.au/home-loans/products/no-fe…

  • Associatedsodhim @ HashChing on 13/05/2015 - 14:44

    Thanks halfnhalf71. We have a deal of 3.99% p.a. variable rate (with comparison rate 4.12%) in our All deals page and am hoping that it gets dropped further too as we received it before the rate cut from non-bank lender. Every lender is taking sweet time to pass on the rate cut.

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