REFINANCE CASHBACK OFFER
$3,000 Cashback Offer when refinancing with BOQ
Eligibility Criteria:
- Personal customers taking out a new home loan with BOQ;
- The loan is refinanced to BOQ from another financial institution (excluding Virgin Money and BOQ Specialist);
- Applications need to be received on or after Friday, 9 October 2020 and on or before Friday, 26 February 2021;
- Loans must settle prior to Friday, 28 May 2021;
- Minimum new lending of at least $250,000 with maximum LVR of 80%;
- Lending must be flagged with refinance purpose on the loan application.
Customers will be automatically paid the cashback, provided the lending meets the eligibility criteria outlined above. Customers will be required to have an existing BOQ transaction account or open a BOQ transaction account that the cashback can be paid to within 30 days of the loan settlement.
Refinance Cashback Offer Terms & Conditions
Special limited time $3,000 cashback offer only available for new refinance applications received between 9 October 2020 and 26 February 2021 (inclusive) and that settle by 26 February 2021. This offer is open to Australian residents aged 18 and over who are personal customers taking out a new home loan with BOQ, refinanced from another financial institution. Offer available on BOQ’s Clear Path, Economy, Intro Rate, or Fixed Rate home loan products only. Minimum total new lending of at least $250,000. Maximum loan-to-value ratio (LVR) of 80%. Not available for the refinance, restructure or switches of home loans within BOQ Group, which includes BOQ, Virgin Money (Australia) and BOQ Specialist. An applicant will be eligible for a maximum of one cashback payment during the offer period, regardless of the number of loan applications they are party to, provided the total amount drawn at settlement across all loans is at least $250,000. The cashback will be paid to the applicant’s BOQ transaction account within 30 days of the settlement date. For multiple home loan applicants the BOQ account needs to be in the name of at least one of the home loan applicants and the cashback will be paid only once to the applicants jointly. If you do not have an existing BOQ transaction account, one must be opened. Offer current as at 17 December 2020. This offer can be amended and/or withdrawn by BOQ at any time without notice. Applicants should seek their own tax advice in relation to the receipt of a cashback on settlement. Fees and charges payable. BOQ’s standard credit assessment criteria apply. Full home loan terms and conditions are available at any BOQ branch.
