Bankwest announced increased their Home Loan Cashback to $3000 for applications lodged between Friday, 3 February 2023 and Sunday, 30 April 2023, with disbursal on or before Friday, 30 June 2023.
Decent variable rates with fast assessment turnaround time.
To be eligible, the below criteria must be met:
Lending must be a new refinance to Bankwest (refinances of existing Bankwest and CommBank loans are excluded from this offer)
Lending must not exceed a loan to value ratio (LVR) of 90% inclusive of LMI
Repayment type can be principal and interest or interest only
Available on owner occupier and investor loans
Minimum refinance-specific home lending amount ≥$250k (excludes cash out, debt consolidation of personal loans and credit cards)
Rates highlight:
Owner occupied P&I with comparison rate (CR)
Complete Package Variable with offset facility under 70% (OO PI) IR at 4.84% CR at 5.25%
Complete Package Variable with offset facility under 80% (OO PI) IR at 4.89% CR at 5.30%
Premium Select Variable with redraw facility under 80% (OO PI) IR at 4.89% CR at 4.91%
Investment P&I with comparison rate (CR)
Complete Package Variable with offset facility under 70% (OO PI) IR at 5.09% CR at 5.11%
Complete Package Variable with offset facility under 80% (OO PI) IR at 5.14% CR at 5.54%
Premium Package Variable with redraw facility under 80% (OO PI) IR at 5.14% CR at 5.16%
Other refinancing rebates available:
BOQ - Get up to $3,000 cashback when you refinance your home loan. No Expiry. T&Cs apply.
ANZ - Get up to $4,000 cashback when you refinance your home loan
St George / BOM - Get up to $4,000 cashback when you refinance your home loan until 28 February 2023 T&Cs apply
AMP- Get up to $4,000 cashback
Please note that there are other rebates from other banks which we can show you as part of our report to you.
Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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. When all loan is variable, rebate is paid in 2 instalments in 2 months and 24 months. Maximum of 1 cashback per household.
My Profile:
Ex corporate accountant for over 10 years before joined my own mortgage broker as a trainee and has been a full-time mortgage broker for over 8 years. Recent review over 100 clients.(https://www.ratemyagent.com.au/mortgage-broker/james-sim-hf2…). Won National Top Broker for customer service award 2022.
Contact me for a no obligation meeting via Calendly(https://calendly.com/james-sim/30min) or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/
Australian Credit License number 387856
At least…