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Get $1,500 Cashback for your customers on OFI Refinances with Bankwest!

Bankwest mag

From now until Friday, 1 June, as a reward for bringing both new Owner Occupier and Investor lending to Bankwest from an OFI lender, eligible customers will receive $1,500 cashback into their account when they refinance to a Complete Home Loan Package (CHLP). Cashback timing will be dependent on when the home loans are applied for and disbursed.

The application criteria:

  • Refinance: Only for applications related to OFI Refinances to Bankwest. CBA excluded.
  • Purpose: Only offered to customers that are applying for both OOC and INV home loans.
  • Application detail:If submitting separate applications, the Applicant Name/s will need to be the same on all deals. Single application is still acceptable.
  • Package only: Complete Variable, Complete Fixed, and Complete Equity products
  • Loan size: Minimum aggregate amount >$200k
  • Repayment: OOC lending to be P&I only, however INV can be either P&I or I/O
  • LVR: <80% on all loans included in the application

Bankwest Complete Variable Home Loan

In addition to our $1,500 cashback offer, we’re excited that we’ve reduced the interest only rate for new investment lending up to 80% LVR on the Bankwest Complete Variable Home Loan:

Complete Variable Home Loan
Investment – Interest Only Repayments
LVR Borrowings Previous variable rate (p.a.) Previous comparison rate (p.a.) New variable rate (p.a.) New comparison rate (p.a.)
≤80% $200k+ 4.69% 5.06% 4.44% 4.82%
80.01% – 90% (incl.LMI) $200k+ 4.69% 5.06% 4.69% 5.06%


This rate applies to applications for new lending only submitted on or after 6 April 2018.   

Want to know more? Speak with your Bankwest BDM today, or contact one of their support teams for more information at bankwest.com.au/brokers.

Not accredited with Bankwest yet? Talk to your local Broker Support Manager or contact the Connective Accreditations Team at accreditations@connective.com.au

Interest Rates are correct as at 26.04.18 and subject to change at any time. The comparison rate is based on a loan amount of $150,000 over a 25-year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Subject to Bankwest’s terms and conditions, fees and charges and eligibility criteria apply. Your client’s full financial situation would need to be reviewed prior to acceptance of any offer or product.