WESTPAC – REFINANCE OFFER PLUS REBATE

December 15, 2021

REFINANCE CASHBACK

Effective Tuesday 1 March 2022, we’re extending the $3,000 Refinance Cashback1 home loan offer for eligible refinance applications received by 31 May 2022 and settled by 31 August 2022.

Minimum loan amount of $250k and LVR+ less than or equal to 80%. Eligibility criteria, exclusions and fees apply.

Eligibility Criteria:

    • $3,000 Refinance Cashback1 available for new refinance applications received between 1 December 2021 to 31 May 2022 and settled by 31 August 2022. Offer may be varied or withdrawn at any time.
    • Limit of one $3,000 cashback payment per customer regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.
    • Min Loan amount $250k and loan to value ratio (LVR+) up to 80%.
    • Offer available on Owner Occupier (Principal & Interest repayments) and Investment Property Loans (Principal & Interest and Interest Only repayments) with either the Premier Advantage Package ($395 Annual Package Fee) and Flexi First Option Home Loans.
    • Offer not available for Equity Access Loans, Owner Occupier Interest Only loans, residential lending originated under family or company trusts, refinances of home loans within the Westpac Group which include Westpac, St.George, Bank of Melbourne, BankSA and RAMS.
    • The cashback will be paid into a Westpac Choice transaction account within 60 days of settlement. This account must be in the same name as the home loan account and linked to the home loan at settlement.
    • Premier Advantage Package Conditions of Use and $395 Annual Package Fee applies. Your client must either hold or be approved for a Westpac Choice transaction account in order to qualify and continue to receive the benefits of the Premier Advantage Package. Before deciding to acquire a Westpac Choice transaction account, read the terms and conditions, and consider if the product is right for your client.
    • Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

The important detail:

This offer is not available for:

  • Equity Access Loans.
  • Switches and refinances of home loans within the Westpac Group which include Westpac, St.George, Bank of Melbourne, BankSA and RAMS.
  • Owner Occupier Interest Only Loans.
  • Residential lending originated under a trust.
  • Residential lending under a company name.

The comparison rates are based on a secured loan of $150,000 over a term of 25 years. WARNING: Comparison rates provided are examples only. Your circumstances may involve different amounts and terms, resulting in different comparison rates. Please contact With Cashback for a clearer understanding of your fees and costs.

This information is provided by With Cashback Pty Ltd (ACN 620 888 502) as an Authorised Representative (number 502385) under FreedomLend Pty Ltd (ACN 604 868 957), holder of Australian Credit Licence 498325. It does not take into account your objectives, financial situation, or needs. You should consider whether it is appropriate for you.

Interest rates are subject to change at any time. The applicable interest rate will be the rate on the day of settlement for new loans or the day of processing for variations to existing loans. Lending criteria, fees, and terms and conditions apply.