Westpac entices mortgage customers with cash offer
Westpac is offering to put a $1,000 into a Westpac bank account for borrowers who take out a new mortgage valued at over $250,000 as it looks to entice more home buyers.
The offer is part of its Spring Home Loan Celebration campaign and applies to new Premier Advantage Package home loans until the end of October.
The cash reward builds on other limited-time incentives offered by the bank including a discount of up to 0.8% per annum off the variable rate home loan, and a 20% discount on the first year of home and contents insurance on a new home.
To qualify for the $1,000 cash back, customers must set up their home loan repayments by direct debit from their Westpac banking account before the end of October and settle their loan by the end of January 2012.
Other incentives include:
- Free APM Property Profile report when customers meet with one of our home finance experts
- $0 establishment fee
- $0 monthly service fee on Westpac Choice transaction account with no minimum monthly deposit required
- $0 annual fee on a selected packaged credit card