Good option for Ozbargain members who are thinking to refinance for a generous cashback of $3000 with NO package fee for life of the loan. Quick turnaround time in 3 days with FastRefi which allows a quick settlement compared to standard settlement timeframe. Fully assessed preapproval is available for purchase application in a turnaround time of 3 days. Variable rates start from 2.39% with full offset account and no package fee.
Conditions of cashback:
The refinance cash back offer (cash back) is available for refinances from other financial institutions.
- $2,000 cash back where the refinance amount is between $250,000 and $499,999.
- $3,000 cash back where the refinance amount is $500,000 or more.
- The refinance amount excludes cash out, top-ups and new loans. The loan to value ratio (LVR) must be less than 80%
- Eligible loan applications to be submitted between 04/10/2021 and 28/02/2022 (Offer Period) and settled by 31/05/2022.
- The offer is only available once per customer / borrowing entity within the Offer Period. If a customer refinances more than one loan, they will only receive the cash back once.
Owner occupied P&I with comparison rate (CR)
2 years fixed 2.09% CR 3.98% at 70% LVR
3 years fixed 2.39% CR 4.03% at 70% LVR
Variable rate with offset 2.34% CR 2.40% at 70% LVR
Variable rate with offset 2.39% CR 2.39% at 80% LVR
Basic variable 2.19% CR 2.22% at 70% LVR
Investment P&I with comparison rate (CR)
2 years fixed 2.39% comp. 4.03% for 80% LVR
3 years fixed 2.74% comp. 3.97% for 80% LVR
Variable rate with offset 2.49% CR 2.55% at 70% LVR
Any quoted comparison rate is only true for the example given and may not include all fees and charges. Different terms, loan amounts or fees may result in a different comparison rate. Comparison rates are based on a loan amount of $350,000 over a loan term of 30 years.
Other refinancing rebates available:
Virgin - Get up to $3,000 cashback when you refinance your home loan before 30 Jan 2022 T&Cs apply.
BOQ - Get up to $3,000 cashback when you refinance your home loan before 30 Jan 2022 T&Cs apply. Eligible to combine with the investment purchase rebate of $2,000.
ING - Get up to $3,000 cashback when you refinance your home loan until 31 Dec 2021 T&Cs apply.
ANZ - Get $3,000 cashback when you refinance your home loan before 31 Dec 2021 T&Cs apply.
Broker Rebate Terms and Conditions
We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more.
Maximum of 1 cashback per household (e.g. per couple).
Get in touch with us now for a no-obligation home loan review 📞💬. We are fully set up to help you online 💻 based on your schedule from review to submission.
*Apology we don't check OZbargain forum constantly. Quicker response is to email or call us.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected] or [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/ or http://jamessimbroker.com.au
Australian Credit License number 387856