Dear OzBargainers,
Hope this post finds everyone well.
Suncorp has extended their REFINANCE rebate offer for eligible applicants. Applications must be submitted by 30 June 2023 and settled by 28 September 2023.
For both Purchases and Refinances up to 90% LVR, Suncorp is offering a cashback amount. Please see the breakdown below:
• $3,000 cashback for a new refinanced home loan of $500,000-$999,999, LVR ≤90%.
• $4,000 cashback for a new refinanced home loan of $1,000,000 or more, LVR ≤90%.
The Suncorp cashback will be paid to you within 1-2 months from the settlement date.
Please see below for Suncorp's current variable rates on Better Together Home Loan:
Owner Occupied (Redraw Only):
• P&I Variable 60% LVR - 5.17% (Comp Rate: 5.18%)
• P&I Variable 70% LVR - 5.19% (Comp Rate: 5.20%)
• P&I Variable 80% LVR - 5.24% (Comp Rate: 5.25%)
• P&I Variable 90% LVR - 5.74% (Comp Rate: 5.75%)
Owner Occupied (With Offset):
• P&I Variable 60% LVR - 5.31% (Comp Rate: 5.68%)
• P&I Variable 70% LVR - 5.34% (Comp Rate: 5.71%)
• P&I Variable 80% LVR - 5.39% (Comp Rate: 5.75%)
• P&I Variable 90% LVR - 5.84% (Comp Rate: 6.20%)
Investment (Redraw Only):
• P&I Variable 60% LVR - 5.39% (Comp Rate: 5.40%)
• P&I Variable 70% LVR - 5.44% (Comp Rate: 5.45%)
• P&I Variable 80% LVR - 5.53% (Comp Rate: 5.54%)
• P&I Variable 90% LVR - 6.14% (Comp Rate: 6.15%)
Investment (With Offset):
• P&I Variable 60% LVR - 5.54% (Comp Rate: 5.90%)
• P&I Variable 70% LVR - 5.59% (Comp Rate: 5.95%)
• P&I Variable 80% LVR - 5.74% (Comp Rate: 6.10%)
• P&I Variable 80% LVR - 6.39% (Comp Rate: 6.74%)
We would like to inform you about the fees that may apply:
• Annual fee - $375 (applies only to offset accounts, currently waived for the loan's entire duration)
• Discharge fee - $350
We offer several other products, Here are some examples:
• Ubank - 5.24% variable rate for Owner Occupied: Up to $5,000 cashback from the bank + 0.6% of balance cash rebate from us
• ANZ - 5.44% variable rate for Owner Occupied: Up to $4,000 cashback from the bank + 0.6% of balance cash rebate from us
• Bank of Melbourne - 5.24% variable rate for Owner Occupied: Up to $4,000 cashback from the bank + 0.6% of balance cash rebate from us
• Westpac - 5.24% variable rate for Owner Occupied: Up to $3,500 cashback from the bank + 0.6% of balance cash rebate from us
If you need an estimate of the applicable rates, please don't hesitate to call or email us with the following information:
• Owner Occupied / Investment;
• Principal & Interest / Interest Only;
• Loan Amount;
• Property Value;
In addition to the Suncorp cashback, With Cashback, as your mortgage brokers, offer extra cashback to our customers. The cashback amount from us will be 0.6% of the loan balance. Here are some examples:
• $3,000 cashback for a home loan of $500,000
• $6,000 cashback for a home loan of $1,000,000
Our cashback will be paid to you at the following intervals from the settlement date:
• After Year 1: First 50% of the cashback to your nominated bank account.
• After Year 2: Remaining 50% of the cashback to your nominated bank account.
To summarize, if you are refinancing a $1 million loan, you will receive: $4,000 (from Suncorp) + $6,000 (from With Cashback) = $10,000 in total.
Feel free to contact us at:
Phone: 1300 685 008
Email: [email protected]
Website: www.withcashback.com.au
With Cashback Pty Ltd ACN 620 888 502 is registered with the Australian Securities and Investment Commission as an Authorized Representative number 502385 under FreedomLend Pty Ltd ACN 604 868 957, Australian Credit License 498325.
Mod: deal post edited to comply with our Financial Services posting guidelines.
We would like to clarify that Suncorp cashback will be paid to you within 1-2 months from the settlement date. Our cashback will be paid to you at the following intervals from the settlement date:
• After Year 1: First 50% of the cashback to your nominated bank account.
• After Year 2: Remaining 50% of the cashback to your nominated bank account.
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