BankSA Home Lending Offers from Friday 18 September 2020 – Up to $4k Refinance Cashback2.

This notification is to advise, effective Friday 18 September 2020, BankSA are making the following changes:

  1. Extending the $2,000 Refinance Cashback for applications received by Sunday 31 January 2021 and settled by Wednesday 31 March 2021.
  2. Introducing a new bonus $2,000 Refinance Cashback for loans with a maximum LVR of 80%.

The bonus $2,000 Cashback for loans with a maximum LVR of 80% will be paid on the first application only to eligible customers on top of the current $2,000 Refinance Cashback.

$2,000 Refinance Cashback Offer2 extension

The important detail:

  • A $2,000 Refinance Cashback2 will be paid for every property that is refinanced to BankSA with minimum lending of $200,000 per property.
  • Multiple applications do not need to be entered for multiple $2,000 refinance cashbacks to be applied.
  • Only 1 cashback per property refinanced will be paid regardless of the number of loans involved.
  • Applicants must have a BankSA 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 BankSA transaction account.
  • Offer may be withdrawn or varied at anytime.

Eligibility criteria:

  • For new refinance applications received from Wednesday 1 April 2020 to Sunday 31 January 2021 and settled by Wednesday 31 March 2021.
  • Available for Owner Occupier (Principal & Interest repayments only) and all Residential Investment home loans.
  • Available for Basic home loans and home loans under the Advantage Package1. $395 annual package fee applies.
  • Minimum loan size of $200,000 per property refinanced.

Exclusions.
This offer is not available for:

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

Bonus $2,000 Refinance Cashback Offer2 for loans with a maximum LVR of 80%

The important detail:

  • The bonus $2,000 Refinance Cashback2 for loans with a maximum LVR of 80% will be paid on the first application only to eligible customers on top of the current $2,000 Refinance Cashback.
  • Only 1 bonus cashback will be paid regardless of the numbers of customers, properties or applications involved.
  • Applicants must have a BankSA 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 BankSA transaction account.
  • Offer may be withdrawn or varied at anytime.

Eligibility criteria:

  • New refinance applications received from Friday 18 September 2020 to Sunday 31 January 2021 and settled by Wednesday 31 March 2021.
  • Available for Owner Occupier Loans (Principal & Interest repayments only) and all Residential Investment Loans (Principal & Interest repayments and Interest Only repayments).
  • Maximum LVR of 80%.
  • Available for Basic home loans and home loans under the Advantage Package1. $395 annual package fee applies.
  • Minimum loan size of $200,000.

Exclusions.
This offer is not available for:

  • Switches and refinances of home loans within the Westpac Group which include Westpac, St.George, Bank of Melbourne, BankSA and RAMS.
  • Loans with an LVR greater than 80%.
  • Portfolio Loans.
  • Owner Occupier Interest Only loans.
  • Residential lending originated under a trust.
  • Residential lending under a company name.

www.time2refinance.com.au