To welcome the first day of spring, Westpac has announced a raft of new home loan offers, including rate discounts and cash-back incentives.
In effect from today, Westpac has applied rate discounts across its Flexi First home loan products. The new interest rate on the Flexi First Options Home Loan will be 4.19%, while the new rate on the Flexi First Investment Loan will be 4.46%, representing a 0.64% life of loan discount. The spring-time offer will also waive the $600 establishment fee.
The major bank will also be extending the 80-85% no LMI for new owner occupied lending. To take advantage of this extension, full applications must be submitted and unconditionally approved by 5 October and settle by 31 December 2015.
Finally, Westpac has announced a $1250 refinance rebate offer for both owner occupied and investment loans. This will be available for full applications conditionally approved by 30 November 2015 and settled by 29 February 2016.
“Customers are the big winners with our Spring Home Loan offers,” Westpac general manager of third party distribution, Tony MacRae said.
“Spring is our key home loan season and our supporting campaigns provide great value for customers, especially those borrowers that are looking to pocket some savings.”