Home Loan Special Offers – June 2018

As you can imagine, the home loan market is always evolving. Lenders are constantly adding new products to entice customers and build their market share in different segments.

We will run you through the different home loan special offers that are currently available on the market.

Please refer back to this page throughout the month. We will update it with any more specials as the different banks announce them.

Current Home Loan Specials

We’ve broken the current specials by rate category and borrowing purpose (investment / owner occupied).

1. Variable Rate Loans – Owner Occupied

• Auswide Bank: 3.59% p.a. (3.99% p.a. comparison rate) Freedom Package special, min. loan $100K, P&I repayment only, max. 90% LVR including LMI, $305 legal/settlement fee, $395 annual Package fee, offset included
• AMP Bank: 3.64% p.a. (4.02% p.a. comparison rate) Professional Package special, min. loan $750K, P&I repayment only, max. 90% LVR plus LMI, $295 legal/settlement fee, $349 annual Package fee with offset
• St George: 3.68% p.a. (3.69% p.a. comparison rate) Basic Home Loan, P&I repayment only, max. 95% LVR including LMI, $100 legal/settlement fee for loans with min. $150K, otherwise additional $500 application fee applies. No ongoing fee but no offset

2. Variable Rate Loans – Investment

• Auswide Bank: 3.89% p.a. (4.28% p.a. comparison rate) Freedom Package special, min. loan $100K, P&I repayment only, max. 90% LVR including LMI, $305 legal/settlement fee, $395 annual Package fee, offset included
• Macquarie Bank: 3.89% p.a. (4.38% p.a. comparison rate) Offset Package, P&I repayment only, max. 70% LVR, $365 legal/settlement fee + $60 PEXA fee, $248 annual Package fee, comes with offset facility

3. Fixed Rate Loans – Owner Occupied

• Newcastle Permanent: 2 Year Fixed 3.69% p.a. (4.62% p.a. comparison rates) / 3 Years Fixed 3.74% p.a. (4.58% p.a. comparison rate), P&I only, up to 95% LVR incl. LMI, $50 legal/settlement fee, 395 annual Package fee
• NAB: 2 Year Fixed 3.69% p.a. (4.86% p.a. comparison rates) – Special First Home Buyers only. P&I repayment, up to 95% LVR incl. LMI, $395 annual Package fee applies

4. Fixed Rate Loans – Investment

• Newcastle Permanent: 2 Year Fixed 3.89% p.a. (4.89% p.a. comparison rate) / 3 Years Fixed 3.99% p.a. (4.85% p.a. comparison rate), P&I only, up to 90% LVR incl. LMI,$395 annual Package fee

5. Refinance Rebates

• St George: offering $1500 cash back for refinances to the Advantage Package loans ($395 annual fee applies), min loan amount $250K, application must be received by 30 June 2018 and settled by 31 August 2018.
• Westpac: offering $1250 cash back for refinances to the Premier Advantage Package loans ($395 annual fee applies), P&I repayment only, min loan amount $150K.
• ANZ: offering $1200 cash back for refinances to the Break free Package loans ($395 annual fee applies), min loan amount $250K. Also offering $1000 solicitor rebate for First Home Buyers eligible for the state First Home Buyers concession/grant, min loan $250K.
• CBA: offering $2000 cash back for refinances to the MAV Package loans ($395 annual fee applies), min loan amount $250K, application must be received by 30 June 2018 and settled by 31 August 2018.

Contact us to find out about the eligibility criteria for the different offers.

And as always, please keep in mind;

1. All offers are subject to each Lender’s pricing approval
2. As with all products, Lenders’ terms and conditions apply
3. The above offers are running for a limited time only

Legal Disclaimer

As with all financial products, you need to understand a few things when reading the associated advertising.

• The above special offers are valid only if a full loan application is successfully approved based on your circumstances, acceptable credit history, requirements and objectives.
• The comparison rate quoted above is based on a $150,000 loan over 25 years. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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