Westpac $3000 Home Loan Refinance Cashback + $1500 Broker Cashback (LVR <= 80% and Min $250k Loan) @ Lending Clinic

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Are you on a 3%+ interest rate? Chances are we can get you a rate which is in the low 2%.
We have access to owner-occupied rates from 2.09%, and investment rates from 2.49% (updated 17/05/2022 after the recent rate rise).
Super low rates are still available!!

Contact us for a pricing approval specific to you based on your preferred loan product, loan purpose, loan amount and LVR.

You can also get $4500 refinance cashback if your net loan amount is at least $250k (net of offset account and available redraw balances), LVR <= 80%.

Complete application must be submitted by 30 June 2022 and settlement must take place by 30 September 2022.
Excludes customers who have received a cashback from Westpac within the last 12 months.
Excludes refinances from within the Westpac Group such as St.George, Bank of Melbourne, BankSA and RAMS.
If you have received a cashback from St.George, Bank of Melbourne, BankSA or RAMS within the last 12 months, it is still possible to receive a cashback from Westpac, as long as the loan is not currently with St.George, Bank of Melbourne, BankSA or RAMS.

Other exclusions apply similar to what's on the Westpac website.
But we can give you an extra cashback if you apply through us.

We look forward to helping you save money!

Arman Soetanto
M: 0431 825 128
E: [email protected]
W: www.lendingclinic.com.au
Lending Clinic Pty Ltd (Credit Representative Number 511270) is authorised under Australian Credit Licence Number 384704

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Comments

  • What about IP loans, LVR less than 70%, loan at least 250k?

    • +1

      I’m no drug dealer

      • +1

        So i can't buy any Slapstickz from you?

    • If you're happy with the basic loan (redraw facility, no offset account), as of today Westpac has 2.49% investment rate, principal & interest repayment. Rate will go up by 0.25% in 1-2 weeks.

  • When is the $4500 paid?

    • $4k will be paid within 2 months and $500 after 2 years if you still have the loan :)

  • +2

    No specific rates and terms available.

  • I'm with Westpac already. If I want to renew with Westpac when my contract finishes, am I still eligible for this?

    • When your contract finishes? So when you've paid off your mortgage?

    • Nope but you can refinance to a different bank :)
      Please contact us either via email or OzBargain private message if you're interested.

  • +1

    The only deal here is the $1500 broker cashback (but theres likely clawback and other conditions attached which OP hasnt specified).
    The $3k comes from Westpac. While the deadline says May, these cashbacks seem to get extended every month at the moment.

  • What’s that as 2 year fixed?

    • Ouch, 2-year fixed rates are not palatable with pretty much all banks at the moment.
      With Westpac it's 3.69% at 70% LVR owner occupied.
      They do have a 1-year fixed rate at 2.79%.

  • Chances are we can get you a rate which is in the low.
    The bargain would be that there is no chance. What rate are you offering? I pay 3.09% with Westpac, but it is under $250k.

    • As existing customer you'll need to contact Westpac directly for an offer. But for new customers, they offer 2.09% basic variable rate if LVR <= 70% (soon will go up by 0.25%).
      We can also help you refinance to a different bank, but no cashback if the loan is under $250k & you're not increasing it. Typical costs to refinance for the various parties involved are around $1k.

      • What is the rate with offset? Thanks

        • Pricing for the offset loan is specific to your scenario. Can you please private message us your name, preferred loan product/repayment type, loan purpose, loan amount and indicative property value? We'll submit a pricing request for you :)
          For a large loan with low LVR, I have seen 1.99% before the rate rise (2.24% after the rate rise).

  • +1

    Westpac has terrible loan processing time btw I had to raise a case with AFCA to get them to get my loan application being progressed…

    • For refinance or for property purchase with plenty of settlement timeframe, they're pretty good. Very good pricing at the moment.

  • What's the best rate Westpac have for a loan with an offset?

    • Pricing for the offset loan is specific to your scenario. Can you please private message us your name, preferred loan product/repayment type, loan purpose, loan amount and indicative property value? We'll submit a pricing request for you :)
      For a large loan with low LVR, I have seen 1.99% before the rate rise (2.24% after the rate rise).

  • My balance of home loan with ANZ is 400K and I'm on 2.57% variable.
    Is it worth it to refinance?

    • Yup I believe so… can get 2.09%-2.19% variable rate if it's an owner occupied home loan, with $4500 total cashbacks. Costs to refinance usually add up to $600-$800 depending on where the property is.

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