But beware, its for a particular target market and comes with a limited max .80 discount
ANZ still leads the pack on the Barrel I reckon
Sign of the low credit growth times ................
ta
rolf
Effective Monday 3 October 2011, Westpac is giving a $1,000 cash credit for eligible customers who take up the offer below. This means that, for a limited time, your customers can enjoy a package of incentives on new home loans in our award-winning Premier Advantage Package including a discount of up to 0.8% p.a. off the variable rate on a variable rate home loan and a 20% discount on the first year of your home and contents insurance on their new home.
TO BE ELIGIBLE FOR THE $1,000 CASH BACK, YOUR CUSTOMER WILL NEED TO:
Choose the Westpac Premier Advantage Package and take out a new home loan of $250K or more (standard package fee of $395 applies)
Use a Westpac Choice account to make their new home loan repayments by direct debit.
Apply between 1 October and 31 October 2011
Ensure Settlement occur by 31 January 2012
For your convenience, a variety of scenarios are tabled below. Please assume that in all scenarios meet the eligibility criteria detailed above:
Customer Scenario Eligible for cash back Reason
New to bank customer applies for two loans under one application (under PAP) with total borrowings >$250k
New borrowings > $250k and under PAP
New to bank customer refinances two separate mortgages - $300k and $550k (separate applications) under PAP
New borrowings > $250k and under PAP
Existing customer with a $300k mortgage at WBC, refinances a second mortgage $100k to WBC under PAP x New borrowings < $250k
Existing customer with a $400k mortgage and customer requests a top-up of $100k, under PAP x New borrowings < $250k
New to bank customer applies for an EAL under PAP >$500k but would prefer not to set up a DDR to their mortgage from their Choice account x Choice account must be opened and a DDR set-up to the mortgage account
Existing customer internally refinances a $600k mortgage under PAP x Not new borrowings
New to bank customer opening a $100k Flexi-first loan and a $200k Rocket loan under PAP x New borrowings under PAP < $250k
Key: PAP - Premier Advantage Package, DDR - Direct Debit, EAL - Equity Access Loan
Important Note: the $1,000 Cash Back offer is available in conjunction with the Spring Campaign offer of 0.8% discount under PAP for borrowings > $500k; however no additional interest rate discretion will be available under these offers.
ANZ still leads the pack on the Barrel I reckon
Sign of the low credit growth times ................
ta
rolf
Effective Monday 3 October 2011, Westpac is giving a $1,000 cash credit for eligible customers who take up the offer below. This means that, for a limited time, your customers can enjoy a package of incentives on new home loans in our award-winning Premier Advantage Package including a discount of up to 0.8% p.a. off the variable rate on a variable rate home loan and a 20% discount on the first year of your home and contents insurance on their new home.
TO BE ELIGIBLE FOR THE $1,000 CASH BACK, YOUR CUSTOMER WILL NEED TO:
Choose the Westpac Premier Advantage Package and take out a new home loan of $250K or more (standard package fee of $395 applies)
Use a Westpac Choice account to make their new home loan repayments by direct debit.
Apply between 1 October and 31 October 2011
Ensure Settlement occur by 31 January 2012
For your convenience, a variety of scenarios are tabled below. Please assume that in all scenarios meet the eligibility criteria detailed above:
Customer Scenario Eligible for cash back Reason
New to bank customer applies for two loans under one application (under PAP) with total borrowings >$250k
New borrowings > $250k and under PAP
New to bank customer refinances two separate mortgages - $300k and $550k (separate applications) under PAP
New borrowings > $250k and under PAP
Existing customer with a $300k mortgage at WBC, refinances a second mortgage $100k to WBC under PAP x New borrowings < $250k
Existing customer with a $400k mortgage and customer requests a top-up of $100k, under PAP x New borrowings < $250k
New to bank customer applies for an EAL under PAP >$500k but would prefer not to set up a DDR to their mortgage from their Choice account x Choice account must be opened and a DDR set-up to the mortgage account
Existing customer internally refinances a $600k mortgage under PAP x Not new borrowings
New to bank customer opening a $100k Flexi-first loan and a $200k Rocket loan under PAP x New borrowings under PAP < $250k
Key: PAP - Premier Advantage Package, DDR - Direct Debit, EAL - Equity Access Loan
Important Note: the $1,000 Cash Back offer is available in conjunction with the Spring Campaign offer of 0.8% discount under PAP for borrowings > $500k; however no additional interest rate discretion will be available under these offers.
