BANK OF MELBOURNE – PURCHASE REBATE
January 30, 2019
PURCHASE REBATE
Bank of Melbourne Home Lending Offer purchase cashback where application is received by Sunday 30 June 2019.
Eligibility Criteria:
- For purchase applications received from Monday 1 April 2019 to Sunday 30 June 2019 and settled by Saturday 31 August 2019.
- Owner Occupier (Principal & Interest repayments only) and Residential Investment home loans.
- Only available for loans under the Advantage Package. $395 annual package fee applies.
- Minimum loan of $250,000 per property purchased.
- Excludes Owner Occupier (Interest Only repayment) loans, Portfolio Loans, switches and refinances.
- Offer may be varied or withdrawn at any time.
The important detail:
- A $1,000 Purchase Cashback will be paid for every property that is purchased with minimum lending $250,000 per property.
- The home loan must include the Advantage Package1.
- Applicants must have a Bank of Melbourne 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.
- Applicants’ home loan repayments must be direct debited from this Bank of Melbourne transaction account.
