Ditch and Switch and save!
This still has to be one of the best home loans in the market.
For this reason we are again rerunning the home loan promotion from last year.
In a nutshell:-
6.49% CR 6.65%
$500 towards your switch costs
See below for details:-
2012 home loan special
Are the best home loan specials now gone?
We have now closed for 2011 and would like to thank all our home loan customers for their support during the year.
The big question is where are home loan interest rates going in 2012?
Currently there is a perception that home loan rates may be headed down in early 2012, however, be aware one of the major banks has already indicated this may be offset by higher funding costs.
We will find out in 2012.
A 1% discount off a variable rate home loan on an ongoing basis. Yes, 1% off the rate.
This is huge! This discount is not for an introductory period, it is ongoing.
Let us help you make the right choice.
The main criteria for this large discount is it must be a minimum of at least $500,000 in lending. The applicant needs to have perfect credit and the loan to value ratio must be 80% or below.
If you fit this criteria, and are in Sydney please call us, and we will do our best to help you get this discount. NB This size discount is only available on large home loans, it is a discretionary discount, and may be withdrawn at any time by the lender.
October 2011 (updated March 2012)
Are you considering ditching your current bank and switching to a new bank?
6.49% CR 6.65%
Its war on loan exit fees!!!
Exit fees have been banned on new loans from July1 2011, however many old loans still have these exit fees in place.
Its all about making the right choice.
For Sydney borrowers, we will give you $500 towards your switching fees on settlement of your loan, should you go with the deal below.
Note: this loan has a 100% offset account attached, which may save you even more interest.
This promotion is not only for those switching from CBA, or Westpac, it is for any lender you switch from.
*** This promotion is easily our most popular. Hurry to get the Nil Application fee on refinances and purchases ***
So here’s the deal for you to ditch and switch!
When you compare what is in the market, this has to be one of the best bank products out there.
Right now the variable rate for this bank loan is 6.49% CR 6.65%
So here are the rules.
The loan must be a minimum of $500,000
The lending ratio of the loan to the property value cannot be any greater than 75%
The Package combines a home loan and Deposit Offset Account.
• No application fee (for refinances and purchases as long as you are new to the bank)
• $10 a month service fee
Features & benefits
• Variable Interest Rate
• Can be linked to a 100% mortgage offset account (Deposit Offset Account). Note the offset capability is during the Variable Rate period only.
• Unlimited free transactions within Australia (foreign bank ATM fees apply) with Deposit Offset transaction account
100% offset account
Borrowers can reduce the amount of interest payable on their home loan during the variable rate periods. During variable rate periods, daily interest on the home loan is calculated on the debit balance of the loan, minus the credit balance of the linked Deposit Offset Account. There is no minimum balance for the Offset arrangement to apply. Please note that no credit interest is payable on the Deposit Offset Account at any time.
Easy access to funds
Borrowers can access the funds in their Deposit Offset Account by:
• cheque book
• linked Debit Card (ATM card)
• linked Visa
• Telephone Banking
• Internet Banking
• over the counter transactions at bank branch or Australia Post (Bank@Post) outlet
Borrowers can make as many deposits and withdrawals as they like, with unlimited free transactions within Australia (except at foreign bank ATMs).
Flexibility of making higher repayments
During any variable period, borrowers can make additional repayments without penalty.
Borrowers can also apply to make salary sacrifice payments into the loan.
No early exit fee if loan is paid out early.
Redraw facility.
Borrowers can apply to redraw any additional funds they’ve repaid at no charge. If approved, this money can be used for any purpose – including holidays or renovations. A minimum redraw amount of $2,000 applies.
Repayment Holiday
Borrowers can request to take a break from contracted repayments, for an agreed period, when they are ahead. This may be useful for returning to study or extra cash for renovations. For terms, conditions and eligibility criteria it is covered by a Repayment Holiday Policy.
Loan term
Loan terms range from 8 to 30 years.
Minimum loan amount
The minimum loan amount is $300,000 per loan account.
Terms and Conditions and Fees and Charges apply to all loan products.
All applications are subject to lender’s assessment criteria. Terms and conditions apply.
Important Information
The Deposit Offset Account is issued by a major through one of its divisions. The bank recommends that clients consider the Product Disclosure Statement (PDS) for this product before making any decisions regarding this product. The PDS can be obtained on request from the bank. Linking an account to Telephone Banking, Internet Banking or a similar service provided by the bank allows clients to access a range of transactions and/or services electronically. Before making any decisions around electronic access options, the bank recommends that clients consider the PDS or other disclosure document for these products (which may be obtained on request from the bank).
So how do you ditch and switch?
Call us on
during business hours, or complete the Contact form.
We will ask you a few quick questions, including confirmation that your current loan has been paid on time.
A time that is convenient to you will be set for a face to face meeting.
We will help you fill out the application form, and lodge it on your behalf.
We will keep you informed of the progress.
Once settlement has occurred we will refund you $500 towards your refinance costs.
So ditch and switch now by calling us on
If you are not happy with the current promotion, please check back as the promotions will be constantly changing
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