Big Bank special offers for Home Loan re-financers
There are big incentives for re-financers, including bonus points, super-low rates and rebates.
So, you’ve got equity in your home thanks to the property boom and you’re thinking of re-financing?
Here are some of the standout special offers from the Big Banks right now.
For re-financers, NAB is offering 350,000 NAB Rewards Points, Westpac is offering a $1250 rebate, and CBA has a low rate of 4.00% p.a.
9Saver Tip: Click on the special offers below for more info or compare dozens of cheap Home Loans at ratecity.com.au*
Examples of current re-finance special offers from the Big Banks:
NAB is currently offering 350,000 NAB rewards points + 4.21% p.a. Comparison Rate for re-financers when you take out a package with a NAB home loan of $250k+, NAB Rewards Credit Card and a NAB Transaction Account. (Rate includes $600 application fee.) Click here for more info*.
CommBank is offering a lower 4.00% p.a. Comparison Rate for re-financers, plus no application fee and no monthly loan service fees. Click here for more info*.
What Interest Rate will you get?
Warning: Working out what rate you can get from the Big 4 is not easy. There’s a reason about half of their Home Loans go through brokers. But here is a guide to get you started.
Basically, the Big Banks offer home loans starting with a ‘5’ that you can reduce to a ‘4’ and sometimes a ‘3’ by taking out one of their ‘packages’ and/or taking out a large loan (e.g. $750,000+).
Right now, as the table of advertised rates below** shows, ANZ is advertising the lowest standard variable rates – but bear in mind that almost nobody actually pays the advertised rate for the reasons explained above. You have to read all the fine print or ask a broker to help you.
|STANDARD VARIABLE COMP’N RATE||STANDARD VARIABLE COMP’N RATE|
|Principal & Interest||Interest Only|