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$3000 Broker Cashback for Home Loan Refinance (Minimum Loan $500,000) @ Lending Clinic

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$3000 Broker Cashback for Home Loan Refinance (Minimum Loan $500,000) @ Lending Clinic
Go to Deal
AssociatedMortgage Broker on 21/12/2023 - 17:03 lendingclinic.com.au (126 clicks)
OzBargain

Hello OzBargainers,

Thank you for your support so far!

We're excited to announce our brand new cashback promotion.
With less banks offering refinance cashbacks, we hope our supersized cashback offer can cover your refinance costs, and more.

If you refinance your home/investment loan through us as your mortgage broker, we can give you $3000 broker cashback (on top of any applicable cashback from the bank), if your effective loan balance is at least $500,000.

Terms and Conditions:

  • One-third of the broker cashback ($1000) will be paid 13-14 months after your loan commences, and the other two-thirds ($2000) will be paid 25-26 months after your loan commences.
  • Minimum effective loan balance $500,000 (net of funds in offset account) at the start of the loan.
  • Minimum effective loan balance $450,000 (net of funds in offset account) throughout the first 13 months to qualify for the first instalment of the broker cashback, and throughout the first 25 months to qualify for the second instalment of the broker cashback.
  • If refinancing 2 properties to 2 different banks, one of the applications must meet the minimum effective loan balance requirement on its own.
  • Not applicable for complex applications (if you have more than 2 properties).
  • Not applicable for a property purchase.
  • Application must be submitted between 21/12/2023 and 31/01/2024.
  • Please quote this OzBargain post when you first contact us.

Our $3000 broker cashback is in addition to any applicable lender cashback. A few banks are offering $2000-$4000 cashbacks, with minimum loan as low as $200K.

We work with a large panel of banks and non-bank lenders, some of those offering their own cashbacks are listed below:

  • ANZ: $2000 refinance cashback & $3000 first home buyer cashback
  • ME Bank: $2000-$3000 refinance cashback per property
  • St.George & BankSA: $2000 refinance cashback
  • Bank of Queensland: $2000 refinance cashback
  • Bank of China: $4000 refinance cashback
  • Please refer to the lender's website for their cashback terms & conditions. Typically you cannot have received a cashback from the lender within the previous 12 months, and cannot refinance within the same banking group. The lender's cashback is usually paid within 2 months.

We also work with some other lenders such as Westpac, Ubank and some non-bank lenders. No cashback from them but you can still get our $3000 broker cashback.

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

Financial Cashback Home Loan Investment Loan Mortgage Broker Refinance

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closed Comments

  • turk182 on 21/12/2023 - 17:09

    What rate would you be able to get on an investment P&I for 500k?

  • Ozzster on 21/12/2023 - 17:12

    3.000 in 2 years you give back, 42.000 in the rest 28 years you keep to yourself. Easy business, I always liked how in one day people earn the annual income of other people. And this is not even counting that the actual interest that the broker gets is more than that.
    On the other hand, I never understood why Australia likes so many intermediate resellers doing nothing but adding marketing to someone else's product for an extra 10-20%.

    • Look Up on 21/12/2023 - 18:03
      +1

      I always liked how in one day people earn the annual income of other people.

      Don't hate the player, hate the game

      On the other hand, I never understood why Australia likes so many intermediate resellers doing nothing…

      Same reason why you asked about tax minimisation strategies a year ago

      Think harder

    • ellenina on 16/01/2024 - 20:45

      How does this work?

  • ilikedeals on 21/12/2023 - 17:17
    +6

    Minimum effective loan balance $450,000 (net of funds in offset account) throughout the first 13 months to qualify for the first instalment of the broker cashback, and throughout the first 25 months to qualify for the second instalment of the broker cashback.

    Kills the deal

  • cute as duck on 21/12/2023 - 17:25
    +2

    Meh

  • WhyAmICommenting on 21/12/2023 - 18:26

    Can you do any cashback at all for 300k?

    • AssociatedMortgage Broker @ Lending Clinic on 21/12/2023 - 18:53

      Hi there, unfortunately no broker cashback, but we do have banks offering $2k cashback. Let me know if you would like to discuss further?

  • RG146 on 21/12/2023 - 19:23

    $500k is the sweet spot, as the broker is paid an upfront of 0.7% of the drawn limit.

  • rabbikhan on 21/12/2023 - 19:53

    Whats the best interest rate for OO home loan? I have a OO property 750k loan and 200k investment home loan

    • AssociatedMortgage Broker @ Lending Clinic on 21/12/2023 - 22:11

      Do you need cashback from the bank, or just best interest rate? Offset account? Any idea of the property values and which banks are you refinancing from? Feel free to message me privately if easier :)

  • ronnknee on 21/12/2023 - 22:54

    I refinanced my home loan last year through Arman. He was responsive, diligent and very pleasant to work with. Highly recommend.

  • Big Deal on 03/01/2024 - 00:52

    Is there any cashback for drawing a new home loan (not refinance)

    • AssociatedMortgage Broker @ Lending Clinic on 03/01/2024 - 08:28

      Hi there, Happy New Year! Property purchase is not part of the current offer, but can look at doing a cashback case by case if you already have your offer accepted on a property (not a pre-approval).

  • project larx on 30/01/2024 - 12:48

    Lending Clinic, will you be extending this offer?

    • AssociatedMortgage Broker @ Lending Clinic on 30/01/2024 - 15:17

      We may come up with a different offer next month. But please contact us if you're thinking to refinance. We can give you this offer if we start the initial discussion this month :)

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