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$2k Home Loan Refinance Cashback + $2k Bonus Refinance Cashback For Max LVR 80% @ St George

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St.George Home Lending Offers from Friday 18 September 2020 – Up to $4k Refinance Cashback.

This notification is to advise, effective Friday 18 September 2020, St.George are making the following changes:
Extending the $2,000 Refinance Cashback for applications received by 31 March 2021 and settled by 30 June 2021.

Introducing a new bonus $2,000 Refinance Cashback for loans with a maximum LVR of 80%.

The bonus $2,000 Cashback for loans with a maximum LVR of 80% will be paid on the first application only to eligible customers on top of the current $2,000 Refinance Cashback.

The important detail:

  • A $2,000 Refinance Cashback will be paid for every property that is refinanced to St.George with minimum lending of $250,000 per property.
  • Multiple applications do not need to be entered for multiple $2,000 refinance cashbacks to be applied.
  • Only 1 cashback per property refinanced will be paid regardless of the number of loans involved.
  • Applicants must have a St.George transaction account linked to the home loan at the time of settlement. The transaction account must be kept open for at least 60 days after settlement for the cashback to be paid into.
  • Applicants’ home loan repayments must be direct debited from this St.George transaction account.
  • Offer may be withdrawn or varied at anytime.

Eligibility criteria:

  • For new refinance applications received from Wednesday 1 April 2020 to 31 March 2021 and settled by 30 June 2021.
  • Available for Owner Occupier (Principal & Interest repayments only) and all Residential Investment home loans.
  • Available for Basic home loans and home loans under the Advantage Package1. $395 annual package fee applies.
  • Minimum loan size of $250,000 per property refinanced.

This offer is not available for:

  • Switches and refinances of home loans within the Westpac Group which include St.George, Westpac, Bank of Melbourne, BankSA and RAMS.
  • Owner Occupier Interest Only loans.
  • Portfolio Loans.
  • Residential lending originated under a trust.
  • Residential lending under a company name.
  • Bonus $2,000 Refinance Cashback Offer2 for loans with a maximum LVR of 80%

This will be offered in conjunction with my current cashback offer - https://www.ozbargain.com.au/node/563510 - offered exclusively to the oz bargain community.

Submit your scenario - www.financehouse.com.au/oz-bargain - and I will let you know if you qualify for the above.

Due to high demand, please allow 24-36hrs for initial response - thank you for understanding.

Jackson Hunter
www.financehouse.com.au
FINANCE HOUSE
ACL #389328

Related Stores

St.George Bank
St.George Bank
financehouse.com.au
financehouse.com.au
Third-Party

closed Comments

  •  

    dupedy dupe - https://www.ozbargain.com.au/node/566428 - the guy beat ya by 1 min

    •  

      Ah bugger, thought I had it. Apologies didn't see the other post.

    •  

      other post got removed, looks like this one is safe.

    • +4 votes

      How is getting an extra ~$3k net of costs not a deal?

      •  

        It’s a deal posted once a week by different brokers to promote their business not a bargain.

        Create a home loan offers thread in the forum for this type of thing, there was 3 posts for St George in the space of minutes. Last week a bunch for nab from different businesses.

        Just like the pre order ps5 no money off but it’s posted up as a bargain.

        Ozb needs a shakeup

        • +1 vote

          Agree with the PS5 thing cos it's basically just an announcement.

          If a broker is posting and offers additional cashback out of their own commission then I don't see a problem with it, but can see how it can just be construed as "advertising".

        • +1 vote

          Ozb needs a shakeup

          Aye 🙋‍♂️

  • +1 vote

    I'd walk on hot stones bare-footed before I bank with St George - $4k sounds great wait till you actually have to deal with them, they dont pick up the phone, don't answer issues, create more headaches. Anyone that takes this deal - enjoy but it will be the hardest $4k you will ever earn!

    •  

      Yup. Took me literally 6 months to settle. Still, it was worth the overall effort. It just took a long time.

    •  

      I refinanced with them, initiated in Dec 2019 and settled 2 months later. Some delay over Christmas was expected. There were times when my contact didn't pick up calls due to the popularity of the deal, but they always responded later the same day. I thought the electornic document signing and upload process was good and much better than who I am currently financed with (ANZ).

    •  

      Agreed. Absolutely incompetent in all aspects. Basic administration is a challenge to them, plus their mortgage experts cannot calculate numbers correctly.

      Long story short:
      Was sent another parties settlement papers which contained all their details.
      Settlement figure was miscalculated, on settlement day, I had to come up with another $8k.
      Incorrect payment amounts being taken.
      Bonus interest rates not honoured or applied correctly.

      I could go on, the list is endless, I finally got things sorted but it was exhausting deal with, had to get State manager to intervene in the end, took almost a year to sort. AVOID, your time/effort/sanity is worth more than the $4K

    •  

      I just refinanced with them, worked with Dan Anderson. He was brilliant

      •  

        Hi frazel, glad to hear you had a positive experience with STG.

    •  

      Took me 4 weeks to refi with St George.

  • +1 vote

    So if this offer is available in-conjunction with the other, does that mean for a $500k refinance, it would be $5k cashback?

    •  

      Yes, exactly - Provided you meet criteria above.

  •  

    Seems worth going through bit of pain for $4k return, i am in but i am 10K shortfall for the loan amount of 250K, do they still honor the deal?

    •  

      Hi twofoursix, no unfortunatey they don't.

      •  

        Cheers thanks for the info:(

  •  

    Website still shows $3000 cashback.

    •  

      Hi virtualads, offered through broker channel only.

      • +1 vote

        offer is for everyone, can see it on website. No point in going through broker.

        • -1 vote

          Worth going through a broker if they give you additional cashback (as this broker seems to). Bundle does a percentage based one, which will work out better in some cases than this one - refinanced with them recently on ANZ's $4k offer (now expired).

          •  

            @ely: Plus, we can do pricing requestes and depending on your LVR position which means you will get a better rate than whats advertised.

  •  

    Do I need to be a brand new St George customer? Had a loan with them about 4 months ago and refinanced to another bank. Happy to consider refinancing back if I'm eligible.

    •  

      There is probably a time condition since you were last a customer or last received a refinancing bonus

      •  

        If there is such condition it’s not written on their T&C’s. Hoping the OP would be able to shed some light.

        •  

          Hi Ozbrogains / Prongs - No, you can be an old customer - just can't be bringing loan across from within the Westpac group. No real time limit either, however, STG will ask why you have made the move so close to refinancing…

  •  

    To all ozbaraginers - Yes, this is exactly the same offer as someone else has posted with a different heading. $4k cashback + $2k per additional property.

  •  

    Friend of mine called up STG directly and got $4500. Don't need broker.

    •  

      Well depending on their home loan size they would've got up to an extra $1,500 with me as their broker.

    •  

      Your friend's lying to you, cashback is $4k.

  •  

    Does anyone have any feedback regarding dealing with this broker?

    •  

      wondering the same. anyone recommend this broker?

      •  

        Don't do it. See my comment on his recent deal

  • -1 vote

    Hi all, St George have pushed their standard service times back to 16 days. So from lodgement 16 days until the file is picked up.

    •  

      Sounds like you've been too busy threatening me via private message to actually do your job?