REFINANCE REBATE

Loan applications must be submitted by 23 September 2019 and settle by 31 January 2020, a $2,000 refinance rebate will be paid for every property that is refinanced to Westpac.

Eligibility Criteria:

  • For refinance applications received from Monday 23 September 2019 to Friday 31 January 2020 and settled by Tuesday 31 March 2020.
  • Available for Flexi First Option Loans and loans with the Premier Advantage Package1. $395 annual package fee applies.
  • Minimum loan of $250,000 per property refinanced.
  • Excludes internal refinances or switches within the Westpac Group which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS.
  • Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts.

The important detail:

  • A $2,000 Refinance Cashback will be paid for every property that is refinanced to Westpac with minimum lending $250,000. Please note, this is based on the individual application amount and not the customer’s TAE. Linked applications do not count towards the minimum lending amount.
  • Multiple applications do not need to be entered for multiple $2,000 Refinance Cashbacks to be applied.
  • Only 1 cashback per property refinance will be paid regardless of the number of loans involved.
  • Applicants must have a Westpac Choice transaction account linked to the home loan at the time of settlement. The transaction account must be kept open for at least 60 days after settlement for the cashback to be paid into.
  • Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts.

Refinance Rebate FAQs:

With Cashback Contribution: