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$4,000-$6,000 Refinance and Purchase Rebates (Min Loan $250,000 & LVR <= 80%) @ UBank

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$4,000-$6,000 Refinance and Purchase Rebates (Min Loan $250,000 & LVR <= 80%) @ UBank
Go to Deal
Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 15:07 ubank.com.au (933 clicks)
Last edited 29/11/2022 - 16:06 by 1 other user

Hi OzBargainers,

I hope everyone is keeping well!

UBank (NAB) have just advised us of a new PURCHASE & REFINANCE rebate effective tomorrow (09 November 2022).

UBank will be increasing their cashback amount for both Purchases and Refinances up to 80% LVR. See cashback breakdown below:

  • $250,000 / $1,000,000 = $4,000
  • $1,000,000+ = $6,000

Current Variable Rates:

Owner Occupied:
  • P&I Variable 60% LVR - 4.49% (Comp Rate: 4.56%)
  • P&I Variable 70% LVR - 4.54% (Comp Rate: 4.61%)
  • P&I Variable 80% LVR - 4.54% (Comp Rate: 4.61%)
Investment:
  • P&I Variable 60% LVR - 4.79% (Comp Rate: 4.86%)
  • P&I Variable 70% LVR - 4.84% (Comp Rate: 4.86%)
  • P&I Variable 80% LVR - 4.84% (Comp Rate: 4.91%)

Rebate offer is available on:

  • Owner Occupier and Residential Investment Home Loans
  • Principal & Interest and Interest Only Repayments
  • Own Home Loan (With Offset) and Neat Home Loan (Without Offset)

If you find the rates listed above are not competitive to elsewhere, UBank will consider pricing matching for the right deals.

If you would like an estimate of applicable rates please feel free to call/text/email the following information:
O,O or INV
P&I or IO
Loan Amount
Security Value

Further to UBanks offer I can confirm I would be happy to offer you a broker rebate based on the metrics below: (Rebates will be calculated on funds net of offset)

$500,000 - $750,000 = $500
$750,000+ = $1,000

Please feel free to email me at [email protected] or text/call me on 0422 699 383 and I would be happy to answer all finance related questions. We do work with a panel of over 40 lenders and will be able to find a home loan tailored to you.

Kind Regards,
Nicholas O’Sullivan
ACL: 389328
Azura Financial

Referral Links

Referral: random (1149)

Referrer and referee each receive $10 after referee makes 5 settled card purchases within 30 days.

Financial Cashback Home Loan Refinance

Related Stores

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closed Comments

  • jjj123 on 09/11/2022 - 15:15
    +2

    are rated above including 0.25% 1.11.22 rate increase?

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 16:41

      They sure are jjj123!

      Worth noting UBank didn't pass on the full 0.25% either!

  • Martyroz on 09/11/2022 - 15:24

    Is OO 60% LVR @ 4.49% with offset?

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 15:41

      Hi Marty, if you would like an offset the rate would be 4.54%!

      • El-Rhi on 09/11/2022 - 19:41
        +2

        What is the cost of the offset? Annual package fee or monthly fee? Or just a higher rate?

        • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:33

          HI El-Rhi,

          Package fee is $250pa. Happy to look at getting you a first years annual fee waiver though!

  • 1jwoz on 09/11/2022 - 15:35
    -1

    Loan advance fee $250.

    $4k cashback does sound pretty good despite the terrible internet banking UI.

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 15:43
      +2

      Hi 1jwoz,

      Have you seen their systems since the merger with 86 400 happened?

      I think the platforms are great!

      • 1jwoz on 09/11/2022 - 16:11
        -2

        Yes, just logged in now and tried to transfer to another one of my accounts, didn't even have the option for osko. Will probably refinance to take their $4k and move on elsewhere.

        • samehada on 09/11/2022 - 18:39
          +2

          Not sure what you are talking about, all transfers under 86400 has always been processed through Osko, unless the other bank doesn't participate in Osko

        • dubo1981 on 12/11/2022 - 23:26

          Yes, transfers are via Osko. Have done 2 in the last 2 days from my accounts on the old UBank platform to the new ubank (86 400) platform (just refinanced from another lender).

  • fozzie on 09/11/2022 - 15:38
    +2

    I remortgaged twice with Nick in the last 2 years. Super customer service, highly recommended.

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 15:43
      +1

      Thanks so much Fozzie!

    • superbass on 09/11/2022 - 19:01
      +1

      +1 about Nick - helped me with re-financing one of my investment property. He is genuinely willing to help.
      Nick, I might send you an email around Jan to re-finance my owner occupying.

  • thydzik on 09/11/2022 - 15:42

    Can you match freedomlend.com.au 4.15%?

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 16:04

      Hi Thydzik,

      Please note, the 4.15% at Freedom Lend is exclusive of the last 2 rate hikes.

      • thydzik on 09/11/2022 - 16:27

        How can you tell?

  • GuniGuGu on 09/11/2022 - 15:44

    Sorry NIck,
    Would you be will to entertain an IO loan of $250k and what would the rates be?

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 16:07

      Hi GuniGuGu,

      For an Owner Occupied IO loan the rate would be 5.09%.

      • Store RepNick-AzuraFinancial @ Azura Financial on 11/11/2022 - 10:05

        Morning @Gunigugu,

        If you would like to look at other lenders I'd be happy to go through this with you anytime!

  • Stahh on 09/11/2022 - 16:00

    rates are bad

    • Loki556 on 09/11/2022 - 16:33

      What better offers have you seen?

      PS: would be good to confirm if this post latest interest rate hike

      • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 16:39

        Confirming this is post November rate hike.

        Worth noting UBank have only passed on 15-20bps instead of the full .25% as well.

        Can't imagine anyone finding a much better deal that this considering the size of the rebates!

      • Stahh on 09/11/2022 - 16:51

        im at 4.09% with easystreet.

        even with the rebate and 1.2m loan would be paying more in no time gotto do your calculations

        • Store RepNick-AzuraFinancial @ Azura Financial on 11/11/2022 - 09:56
          +1

          Hi Stahh,

          I've actually just spoken to EasyStreet and they have advised their rate is currently sitting at 4.34% (effective last week) as per the October rate hike. This will be increasing a further .25% in early December due to the RBA's decision to increase rates once again in November. This will take your new variable rate to 4.59%.

          Refinancing to UBank will definitely be of benefit in this instance as you'll walk out with $4-6,000 and a more competitive interest rate!

          Free to chat anytime today.

          • Stahh on 11/11/2022 - 15:41

            @Nick-AzuraFinancial: so with all the rate increases UBank will be less then 4.59 or has that gone up too? ill consider changing if rate is better and fees are waived.

            • Store RepNick-AzuraFinancial @ Azura Financial on 11/11/2022 - 16:01

              @Stahh: Hi Stahh,

              Will be able to confirm rates and fee waiver eligibility if you could please send me an email with the below:

              • Owner Occupied/Investment
              • P&I/IO
              • Loan Amount:
              • Security Value
              • Require an offset?

              Can also confirm the rate of 4.59% is inclusive of the November rate hike!

          • Stahh on 11/11/2022 - 16:26

            @Nick-AzuraFinancial: just received letter our rate is 4.340 effective 17th Nov

  • LittleTicket on 09/11/2022 - 16:31

    Hi Nick - what’s the application deadline and settlement date requirements?

    • Store RepNick-AzuraFinancial @ Azura Financial on 09/11/2022 - 16:40

      Hi LittleTicket,

      Application has to be lodged by 23 Feb and settled by 30 April

      • Ash-Say on 09/11/2022 - 23:02

        Tempering but loan is fixed until Feb mid. Probably will need to engage you in early Feb.

        • Ash-Say on 10/11/2022 - 08:21
          • was supposed to say "Tempting"
          • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:43

            @Ash-Say: Morning Ash,

            Loan contracts are valid for a period of 90 days.

            If you'd like to look at getting the ball rolling sooner than later we can advise UBank that we'd like to settle this in Mid Feb once your fixed rate expires!

  • Sandy131 on 09/11/2022 - 16:58

    What is the rate for 80% LVR with offset?

    • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:34

      Hi Sandy, is this for an owner occupied property or investment?

  • dasher86 on 09/11/2022 - 17:38

    How long are application timelines at the moment?

    • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:36

      Hi Dasher, assessment times are sitting at 4 hours currently.

      I submitted an application on Friday last week and received formal approval and loan contracts on the Monday.

      Assessment times may blow out due to the industry leading rebate so I'd recommend getting an application in ASAP

  • helnandez on 09/11/2022 - 17:52

    When does ubank have offset?

    • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:37

      Hi helnandez,

      Confirming UBank most certainly does have an offset!

    • ashtdp on 11/11/2022 - 00:07

      Since after merger with 86:400 bank

  • spedohero on 09/11/2022 - 19:14

    Hi @Nick-AzuraFinancial, do you know if ubank still allow redraw facility like credit line where customer can lower the repayment to minimum when ahead of payments? Thanks

    • spedohero on 11/11/2022 - 00:29

      Any update for me? @Nick-AzuraFinancial

      • Store RepNick-AzuraFinancial @ Azura Financial on 11/11/2022 - 09:59

        Hi Spedohero,

        I can confirm UBank most definitely have a redraw facility on both the Neat and Own Home product!

        Happy to discuss this over the course of the day if you have a couple of minutes?

  • Edgecrusher on 09/11/2022 - 20:44

    Assuming they are excluding refinancing from NAB?

    • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:39

      Hi EdgeCrusher,

      Yes that is correct however ANZ & STG/BOM/BankSA are all offering $4,000 rebates if this is of interest?

  • chinawa111 on 10/11/2022 - 08:18

    How many times would a refinance (within a year) is deemed reasonable by a bank? and probably not a flight risk.

    • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 08:39
      +1

      Hi Chinawa111,

      I personally wouldn't recommend refinancing more than twice in a calendar year.

      • Padawan on 12/11/2022 - 11:04

        Hi Nick, why is that? Cheers

        • Store RepNick-AzuraFinancial @ Azura Financial on 14/11/2022 - 08:55
          -1

          Morning Padawan,

          This is because it can have an impact on your credit score.

  • zozuc on 10/11/2022 - 09:07

    Hi, I am with Westpac for only two months. I got basic variable rate. Is it better to refinance with UBank? Thanks

  • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 09:08

    Hi Zozuc,

    What is your current basic variable rate at Westpac?

    • zozuc on 10/11/2022 - 09:27

      Hi, currently it is 4.24%.

      • Store RepNick-AzuraFinancial @ Azura Financial on 10/11/2022 - 09:31

        Hi Zozuc,

        Would definitely look at refinancing as Westpac are yet to increase rates after the September rate hike.

        The interest rate won't be significantly different however you will be 4-6000 off from then day of settlement.

        • zozuc on 10/11/2022 - 09:47

          Just check, it is 4.34% with no offset. Any risky to refinance after only 2 months with Wespac? If not, I will send my documents you shortly you have a look. Thanks

  • baron33 on 10/11/2022 - 19:21

    I am checking its website, so the fee cannot be waived?

    Loan advance fee —$250 — is this like settlement fee?

    • Store RepNick-AzuraFinancial @ Azura Financial on 11/11/2022 - 10:00
      +1

      Hi Baron,

      I can definitely look at having this waived for you!

      • zozuc on 11/11/2022 - 10:26

        Please waive for me as well. Will try to send documents this week. Thanks

  • Store RepNick-AzuraFinancial @ Azura Financial on 11/11/2022 - 10:26

    Absolutely Zozuc! Look forward to hearing from you soon!

    EDIT This can be subject to strength of application so please get in touch and I'll see what I can do

    • zozuc on 14/11/2022 - 10:02

      Hi Nick, I sent all documents yesterday. When you have time, please have a look and let me know if you need more details. Thanks

  • Padawan on 12/11/2022 - 11:07

    Hi Nick, when would the broker rebate be paid out? Also, what sort of setup and ongoing fees are there for a Owner Occupied loan with an LVR of less than 80%? Thanks
    Edit: Scratch that, I am with Citi so I wouldn't get the cashback anyway. Cheers

    • Store RepNick-AzuraFinancial @ Azura Financial on 14/11/2022 - 08:44

      Hi Padawan,

      If I were you, I'd be looking at moving your lending over to St George/BOM/Bank SA.

      This group of lenders are offering $4,000 cashback for all lending over $250,000 as well.

      I'd be more than happy to honour the broker rebate I've advertised here as well. This would be paid out once we are paid our commission from the lender. This tends to happen about a month post settlement

  • lachhelix on 14/11/2022 - 11:51

    Might shoot you an email - paying 5.7%~ at Adelaide Bank and it's killing me… Would appreciate some assistance

    • Store RepNick-AzuraFinancial @ Azura Financial on 15/11/2022 - 10:06
      +1

      Hi Lach,

      Look forward to hearing from you soon!

  • nskordos on 15/11/2022 - 13:47
    +2

    @Nick-AzuraFinancial for the O/O variable (P&I) with offset (4.54% up to LVR 60%) the fees are as follows:

    Loan advance fee - $250
    Annual fee - $250 per year

    Are you able to get these waived?

    • grazer on 15/11/2022 - 17:14
      +2

      I'd be interested in this too. Also, is this an introductory rate?

      Lendi are recommending Westpac for me, but their competitive rate is introductory only (rises 0.40% after 2 years). Thanks

      • davidavid26 on 20/11/2022 - 14:23

        Hi @Nick, I would like to know about this too. Thanks in advance.

        • Store RepNick-AzuraFinancial @ Azura Financial on 21/11/2022 - 21:34

          Hi Grazer and David!

          Confirming this is not an intro variable rate!

    • Store RepNick-AzuraFinancial @ Azura Financial on 21/11/2022 - 21:35

      Can definitely look at getting the loan advance fee waived.

      If you'd like a first years annual fee waiver this would also be easy enough to organise!

  • donotuse on 16/11/2022 - 22:04

    How long do they process applications?

    • zozuc on 20/11/2022 - 21:36
      +1

      I sent documents last week. Nick and team still check application. Hopefully, I can get outcome next week.

  • 1jwoz on 22/11/2022 - 13:31
    +2

    Pretty straight forward process, I applied directly with ubank and it was approved in 5 business days. The data scraping was new to me but made the whole process very simple and I changed all my passwords after it had completed all of its checks.

    This is my 3rd refinance with $4k cashback each time and will be number 4 when I do another refinance in the new year.

  • jaypee06 on 22/11/2022 - 16:50

    How long does it take to get paid?

    • 1jwoz on 24/11/2022 - 02:50
      +1

      Says they'll pay 14 business days after settlement

  • FirstWizard on 28/11/2022 - 12:43
    +1

    Are there any existing ubank customers here who can comment on how their interest rates have gone up over the last couple of months?

    the trend I'm seeing is that most banks offer lesser interest rates for new customers, however, they seem to raise the rate for the existing customers at the same rate as the cash rate increase.

  • keithality on 29/11/2022 - 12:20

    Looks like rates have increased on the ubank website?

    • lachhelix on 29/11/2022 - 12:37

      Still coming up as 4.45/4.54 for me?

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