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3.54% / 3.74% / 4.04% (O/O P&I, INV P&I & INV I/O) Fixed Rate Home Loan + $50 Bunnings GC @ Home Loan Cashback

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3.54% / 3.74% / 4.04% (O/O P&I, INV P&I & INV I/O) Fixed Rate Home Loan + $50 Bunnings GC @ Home Loan Cashback
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AssociatedMelbourneWest on 31/03/2019 - 19:56 homeloancashback.com.au (319 clicks)
Last edited 04/04/2019 - 13:12 by 1 other user
OZBFIXAPR

SPECIAL OZBARGAIN PROMO CODE: OZBFIXAPR (No other cash back applies with this promotion and $50 Bunnings Voucher applies to OzBargain customers entering promo code only with all conditions met)

NOTE - the RATES are the primary offer which are 0.15% less than published for applications approved from 1st April. Bunnings gift Card is a bonus for OzBargain Members. Home Loan Cash Back usually provides a cash back mortgage broker service refunding broker trailing commissions in full.

Read the offer and conditions in full please and follow the below steps:

  1. Click “Get Started” at https://www.homeloancashback.com.au
  2. Complete all details ensuring promo code OZBFIXAPR is entered.
  3. Disregard the search results with banks & interest rates as the Campaign/Promo code will qualify you for this special offer
  4. Home Loan Cash Back will contact you to ensure you qualify for the offer

FIXED RATE SPECIAL – WELL KNOWN BRANDED BANK (new Bank customers only)
• 3.54% Owner Occupied Fixed 2 or 3 Years (Principal & Interest – P&I)
• 3.74% Investment Fixed 2 or 3 Years (Principal & Interest – P&I)
• 4.04% Investment Fixed 2 or 3 Years (Interest Only- I/O for fixed term)
• Can be mixed with Variable rates as low as 3.66% O/O P&I or 4.40% INV I/O
• (optional) 100% offset account(s) available against Variable rate loans with $248 per annum fee
(No other cash back is payable as part of this promotion through Home Loan Cash Back)
(Ongoing commissions are sacrificed for the life of the loan through Home Loan Cash Back)
(Maximum 70% LVR (loan to value ratio) to qualify for this offer)

Please read the below criteria & information:
- Enter Promo Code “OZBMACFIX” to qualify for offer & $50 Bunnings Voucher which is provided within 60 days of settlement if criteria is met (Exclusive to OzBargain customers through www.homeloancashback.com.au)
- Subject to approval with bank through https://www.homeloancashback.com.au adhering to all bank t's & c's
- Rates are quoted assuming maximum 70% loan to value ratio and comparison rates provided upon request
- Bank settlement/legals fees are quoted at being from $363 with all standard fees & charges quoted as part of the process
- Minimum $350,000 net of offset owing to the bank at settlement required to qualify
- Must live in metro Sydney, Melbourne, Brisbane, Adelaide or Perth (this relates to being able to meet ID criteria, apologies to those we cannot service)
- Comparison rates are available on request including the standard published comparison which assumes a loan of $150,000 over 25 years along with personalise comparison rate for your individual situation eg $600,000 loan over 30 years
- Expectation from Home Loan Cash Back to retain the loan for at least 18 months from settlement
- Available for refinances and purchases (No Pre-Approvals will be supported)
- $50 Bunnings voucher is provided within 60 days of settlement assuming all conditions have been met.

Other benefits with Bank include:
o $0 ATM fees at any Australian Bank ATM using visa debit card
o $0 International transaction fees using Visa Debit Card
o Option of 100% offset and on the bank's package costing $248 per annum which includes offset account(s) or no frills option with no offset account and $0 annual fee which comes with free transaction account
o Unlimited additional repayments and redraw on variable rate loans
o 5% per annum extra repayments per year on fixed rate loans
o Excellent digital banking services

Get Started Today

  1. Click “Get Started” at https://www.homeloancashback.com.au
  2. Complete all details ensuring promo code OZBFIXAPR is entered.
  3. Disregard the search results with banks & interest rates as the Campaign/Promo code will qualify you for this offer
  4. Home Loan Cash Back will contact you to ensure you qualify for the offer

Australian Credit License 392926. Please note that we can provide general advise only. We are a cash back mortgage broker who have had cash back home loan and insurance brands in the market for over a decade.

Comparison Rates - contact us for a correct comparison rate about your specific loan situation. Standard "comparison rates" on $150,000 loan amount over 25 years are noted below
• 3.54% Owner Occupied Fixed 2 or 3 Years (Principal & Interest – P&I) has a comparison rate of 3.66% 2 Year Fixed OR 3.67% 3 Year Fixed
• 3.74% Investment Fixed 2 or 3 Years (Principal & Interest – P&I) has a comparison rate of 3.93% 2 Year Fixed OR 3.93% 3 Year Fixed
• 4.04% Investment Fixed 2 or 3 Years (Interest Only- I/O for fixed term) has a comparison rate of 4.37% 2 Year Fixed OR 4.33% 3 Year Fixed

Financial Home Loan

Related Stores

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closed Comments

  • FatTofu on 31/03/2019 - 20:00
    +6

    So if I refinance 500k loan, Ill get only $50 voucher?

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:12

      The deal includes a 0.15% rate reduction for the life of the loan. Instead of receiving the higher rate and a cash back of 0.15% from Home Loan Cash Back each year, you receive a direct discount on the rate for the life of the loan. The rates noted are including this.

      The Bunnings Voucher is a special bonus for OzBargain members

      Thanks offer is about securing the rates noted on the offer

  • footyboy on 31/03/2019 - 20:02
    +2

    Good rates, but the $50 Bunnings voucher is a bit gimmicky.

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:12
      -3

      The deal includes a 0.15% rate reduction for the life of the loan. Instead of receiving the higher rate and a cash back of 0.15% from Home Loan Cash Back each year, you receive a direct discount on the rate for the life of the loan. The rates noted are including this.

      The Bunnings Voucher is a special bonus for OzBargain members

      Thanks offer is about securing the rates noted on the offer

      • Gunther on 31/03/2019 - 23:01

        Domo arigato mr roboto!

  • worker on 31/03/2019 - 20:09
    +4

    Lmao $50 for Bunnings, is this a joke post ?

    • Commenter on 31/03/2019 - 20:32

      Hey, the rates are the benefit not the gift card. I am paying 3.64% for 2 year fixed with Westpac.

  • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:11
    -4

    The deal includes a 0.15% rate reduction for the life of the loan. Instead of receiving the higher rate and a cash back of 0.15% from Home Loan Cash Back each year, you receive a direct discount on the rate for the life of the loan. The rates noted are including this.

    The Bunnings Voucher is a special bonus for OzBargain members

  • SnoozeAndLose on 31/03/2019 - 20:12
    +1

    Where as OP getting $2000 commission and cash back $50 voucher ?

      • russta on 31/03/2019 - 20:16
        +19

        Yeah, we saw that the first 3 times you posted it.

    • guidedlight on 31/03/2019 - 20:28

      Basically… trialing commissions are worth thousands to the OP. The Bunnings voucher is a slap in the face.

      • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:47

        The offer states that trailing commissions are sacrificed to obtain the interest rate. No trailing commissions are paid to us as part of this offer, instead they are sacrificed so you receive a 0.15% discount off the bank's rates for life of the loan, so you are one receiving the thousands you have noted, not us. The bunnings voucher is a special addition for OzBargain members only on top of this.

  • ariann on 31/03/2019 - 20:21
    +1

    Would like to see how many $50 Bunnings voucher you are successfully able to offer to "successful applicants".

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:25
      -2

      The refinance costs are not covered as part of the promotion. The main offer relates to us sacrificing the ongoing commissions to obtain a 0.15% discount on the rates allowing the rates of the offer. A bunnings $50 bonus gift card is paid to allow successful settled applicants as noted in the offer. If the savings on rates outweigh the cost of refinancing to make it worthwhile for you, great however if not then not for you I suppose. Thanks for the message

  • CheapSticks on 31/03/2019 - 20:22

    Will the refinance costs be covered or i will need to bear it?

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:25

      The refinance costs are not covered as part of the promotion. The main offer relates to us sacrificing the ongoing commissions to obtain a 0.15% discount on the rates allowing the rates of the offer. A bunnings $50 bonus gift card is paid to allow successful settled applicants as noted in the offer. If the savings on rates outweigh the cost of refinancing to make it worthwhile for you, great however if not then not for you I suppose. Thanks for the message

      • CheapSticks on 31/03/2019 - 21:00

        The deal is for 2yrs or 3yrs only. So the savings comparison is on that basis. Refinance costs plus new mortgage costs will derail the cost benefit analysis for most.

        • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 21:04

          Thanks for the comment and I understand. The rates are excellent and from a longer term perspective, the variable revert to rates are also excellent unlike many lenders. The comparison rates are decent overall which is rare for good fixed rate deals and note that comparison rates are only published assuming a $150,000 loan amount over 25 years. A larger loan size usually makes the true comparison better. Thanks again

    • guidedlight on 31/03/2019 - 20:29

      Good point. Refinance exit costs are about $750 depending on your mortgage.

  • dontask on 31/03/2019 - 20:27

    Those interest rates are pretty sharp. That's the main thing when it comes to refinancing.

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:27

      Exactly what the primary purpose of the offer relates to, thanks for reading.

  • CyberMurning on 31/03/2019 - 20:29
    +1

    This post is too early. Should be posted on April 1st. Someone got fat fingers and accidentally press post button.

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 20:32

      Thanks for your "feedback" - the bank offer these rates based on approvals from the 1st April.

  • jj brisbane on 31/03/2019 - 20:32

    comparison rate not included and warning neither is your credit licence, i would amend before asic hits you

  • dannos on 31/03/2019 - 21:04

    OP, does the loan come with 100% offset account?

    • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 21:06

      Dannos - no offset account on the fixed rate however you can have a 100% offset (multiple) on a variable rate portion as noted on the offer details. The Offset option does carry $248 annual fees which is still less than most other banks. Hope this helps

      • dannos on 31/03/2019 - 21:08

        Sorry, what do you mean by offset (multiple)?

        • AssociatedMelbourneWest @ Home Loan Cashback on 31/03/2019 - 21:11

          multiple offset accounts. 100% offset accounts are available on the package version and you can have multiple offset accounts. The offset accounts are only available on variable rates only so you may need to consider having some lending on fixed and some of variable. Hope this helps

  • RubenM on 31/03/2019 - 21:46

    I'm paying 3.89% investment P&I, I thought that was good!

    • boretentsu on 31/03/2019 - 23:08

      Is that with Macquarie?

      • RubenM on 01/04/2019 - 15:13

        St George

  • arctan on 31/03/2019 - 22:53

    Its maximum of 70% lvr compare to 80% from most of other banks. This part is a bit tricky if you want to borrow 80% as you need to fork out extra 10% cash to refinance assuming the property is the same value.

    • AssociatedMelbourneWest @ Home Loan Cashback on 01/04/2019 - 13:10

      Thanks for the comment and a good point and certainly a challenge of course. This is a great offer although also appreciate it is not for everyone of course.

  • mps41 on 01/04/2019 - 11:35

    Hi OP, I have an existing loan with Macquarie, is it possible to apply these rates to the existing loan?

    I'd guess that it wouldn't be possible, but it never hurts to ask.

    • AssociatedMelbourneWest @ Home Loan Cashback on 01/04/2019 - 13:12

      Hi mps41, thanks for the comment and certainly a good question. I would call your current broker or the bank directly to see if this is possible. Unfortunately, it is not something we can assist with. Always a believer of "if you don't ask, you don't get" so certainly worth a call.

  • Some Guy on 01/04/2019 - 13:28

    1. "- Expectation from Home Loan Cash Back to retain the loan for at least 18 months from settlement". What does this mean? Are there any penalties if that expectation is not met?

    2. "- Minimum $350,000 net of offset owing to the bank at settlement required to qualify". Then your comparison rates should use this figure, not $150,000. No such thing as a $150k loan for this "deal".

    3. "o Option of 100% offset and $0 annual fee on “Offset Package” costing $248 per annum". Um, is it $0 or $248 annual fee?

    4. "o Unlimited additional repayments and redraw on variable rate loans". Who cares, you're offering fixed loans?

    5. "o 5% per annum extra repayments per year on fixed rate loans". This should be a deal-breaker for most.

    A few too many ifs and buts and contradictions for this deal IMO. The interest rates are good though.

  • Duram on 01/04/2019 - 15:20

    Here take a 500K loan and be a slave for life but!!!! you get a 50 dollar GC.

    • AssociatedMelbourneWest @ Home Loan Cashback on 01/04/2019 - 15:54

      Thanks for the comment Duram, the main offer relates to the interest rates on offer being excellent with us sacrificing the ongoing trailing commissions to obtain the rate and the GC is a bonus for OzBargain members

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