Hello OzBargainers,
Happy Sunday!
There are not many home loan refinance cashback options now, BankSA is one of the few survivors!
Why choose BankSA?
- Minimum loan amount only $200k!
- Streamlined refinance available with lower serviceability buffer, likely can get approved even if servicing is failing with other banks (loan must be on Principal & Interest repayment).
- Multiple offset accounts can be linked to 1 variable rate loan account.
- Owned by Westpac Group, same excellent internet banking platform as St.George and Bank of Melbourne.
What's the cashback?
- Get $2,000 cashback when you refinance to BankSA.
- Apply by 31st August 2023, and settle by 30th November 2023.
- Owner Occupier (P&I repayments) and Residential Investment loans, with LVR up to 80%.
- Available on home loans with Advantage Package ($395 annual package fee) and Basic Home Loan (no annual fee).
- $200k min loan.
- Only one $2K cashback offer available per primary applicant within a 12 month period.
- Excludes Owner Occupier Interest Only, residential lending originated under family or company trusts and refinances within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS).
- The cashback will be paid into a BankSA transaction account within 60 days of settlement. This account must be in the same name as the home loan account (for joint home loans, the transaction account will need to be in the same joint names) and linked for home loan repayments to be direct debited from this account at settlement.
- Offer may be varied or withdrawn at any time.
What are the rates?
- For a basic owner occupied home loan without offset account, they have 5.94% variable rate if LVR <=70% (CR 5.95%), $0 annual fee.
- If you would like an offset account, we can negotiate lower rates than what you see on their website, often can get 5.83% variable rate (CR 6.17%), $395 annual fee.
- Fixed rates start from 5.99% (CR 7.25%) for the 2-year fixed rate.
- Full list of advertised rates available on the BankSA website.
Upon settlement, we're also giving away a bonus travel accommodation voucher through Global Vacation Reward, which can be used towards a 3-night to 7-night accommodation in Australia and overseas (booking & service fees apply, dates subject to availability).
If this runs out by the time you settle, we will substitute with a bonus gift.
We also work with other banks, such as the following:
- ANZ: $4000 refinance cashback & $3000 first home buyer cashback, variable rates from 5.79% (CR 5.79%)
- Bank of China: $4288 refinance cashback, variable rates from 5.58% (CR 5.96%)
- Bank of Queensland: $3000 refinance cashback, variable rates from 5.84% (CR 5.99%)
- ME Bank: $2000-$4000 refinance cashback per property, variable rates from 5.93% (CR 5.95%)
- St.George: $2000 refinance cashback, variable rates from 5.84% (CR 6.18%)
- Bank of Melbourne: $2000 refinance cashback, variable rates from 5.82% (CR 6.16%)
Kind regards,
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
Why is this a bargain when the OFI's you've listed at the bottom have better cashbacks and rates?