REFINANCE REBATE

Refinance Bonus: Extra $1k for the 1st security for a limited time

Minimum loan amount $250,000 per property + max 80% LVR & must be a refinance from OFI outside the Westpac Group, offer valid for all submissions between September 23rd 2020 – January 31st 2021 and settle by March 31st 2021.

Existing Refinance $2k Per Security Rebate has also been extended along with the above dates and can be used in conjunction with the $1k Bonus.

Please note that the rebate is applicable to both Rocket Repay and Flexi First Option Products, excluding OO IO and EAL.

Eligibility Criteria:

  • For refinance applications received by  31 January 2021 and settled by 31 March 2021.
  • Available for Flexi First Option Loans and loans with the Rocket Repay (Premier Advantage Package). $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.
  • Offer may be varied or withdrawn at any time.

The important detail:

$2,000 Refinance Cashback: For new refinance applications received from 23 September 2020 and 31 January 2021, with loan settled by 31 March 2021. Offer may be varied or withdrawn at any time. $250k min loan per property refinanced. Only 1 cashback per property refinance will be paid regardless of the number of loans involved. Excludes switches and refinances of home loans 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 cashback will be paid into a Westpac Choice transaction account within 60 days of settlement. The transaction account must be linked to the home loan at the time of settlement, and kept open for 60 days after settlement. Offer available on the Premier Advantage Package and Flexi First Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans.

Refinance Rebate FAQs:

With Cashback Contribution: