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$1000 Cash Back When You Refinance Your Home Loan to The NAB

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$1000 Cash Back When You Refinance Your Home Loan to The NAB
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slikguy on 10/01/2011 - 08:53 ols.nab.com.au (461 clicks)
Last edited 10/01/2011 - 08:58

hi guys

the nab is having a special promotion where they will pay you $1000 when you refinance your loan from another bank to nab. The offer is only for customers that are transferring their home loan from another bank and the loan has to be over $300,000. The application has to be processed between 10/01/2011 to 11/02/11 and account opened within 90 days.

The offer is not advertised anywhere. I found out from the Branch Manager at the local nab branch.
I know the offer is available in the branch but i am not sure if the offer is available over the phone or the internet.

thanks

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National Australia Bank Group (NAB)

closed Comments

  • georgejungle on 10/01/2011 - 13:22

    hmmm… that should cover early termination fees :-) I am curious.

    • chyawala on 11/01/2011 - 11:45

      The new finance laws mean there are no longer exit fees.Anyone up to speed on this?

  • CyberMurning on 10/01/2011 - 13:29

    i heard some banks remove the early termination fees? which banks if this is true?

  • slikguy on 10/01/2011 - 13:48

    the nab removed it's early exit fee at the start of December.
    the anz also doesn't have an early exit fees.
    westpac and cba are both $700 i believe

    all 4 banks have costs associated with breaking a fixed rate term however this fee has always been separate from the early exit fee.

  • superkieu on 10/01/2011 - 14:18

    this is just the icing on the cake
    what's important is their interest rate
    plus the conditions with the loan package.

    If their rate is good, I would switch even with no $1000 cash back.

    • slikguy on 10/01/2011 - 15:01

      well they seem to be the cheapest out of the major 4 banks

      • aec on 10/01/2011 - 16:02

        have you checked the history of their interest? has it been always cheapest of the major 4? we need to learn to see a whole picture.

        • ozblogger on 10/01/2011 - 16:11

          since the past 2 years NAB has been cheapest than the other major. But yeah there's no gurantee.
          But at least there's no break-up/exit cost so you can shop around if they do raise more than others.

  • POWERevolution on 10/01/2011 - 17:07

    the loan has to be over $300,000.

    freaking bs T&C!

  • lovedeals on 10/01/2011 - 18:15

    Is this Homeside or NAB direct? I have my loans with Homeside(division of NAB) and was wondering if I refinance to NAB direct I am eligible for this.

    • slikguy on 10/01/2011 - 23:14

      as they are separate companies it is classified as a refinance. you would be eligible

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