BankSA benefits for Flinders University graduates

BankSA is partnering with Flinders University in 2021 to support the delivery of our Brave Lecture series and a range of events and activities for students. The benefits of this partnership will extend across the University to include Flinders graduates who will be able to enjoy a number of valuable financial benefits.

BankSA is extending Flinders graduates access to the Flinders Workplace employee offer of  0.3% cashback for taking a home loan (via purchase or refinance) with BankSA, provided the new home loan is written by a BankSA employee. This offer is in addition to BankSA’s current offer of up to $4,000 cashback. These cashback offers are outlined below.


The 0.30% Cashback offer1

As a Member of the Flinders Alumni Network, you could score 0.30% cashback when you take out a home loan with BankSA. For applications received by 30 June 2021 and settled by 30 September 2021. For example on a $500,000 loan, it’s up to $1,500 back to you in cash.

Excludes Portfolio Loans, Relocation Loans, switches and refinances of home loans within the Westpac Group. Offer is in addition to any other cashback offers currently in market (subject to eligibility). Eligible members are only entitled to one 0.30% cashback benefit.

Plus get, up to $4,000 Refinance Cashback2

$2,000 Refinance Cashback and a bonus $2,000 Refinance Cashback for initial application with a max LVR of 80%.

For new refinance applications received by 30 June 2021 and settled by 30 September 2021. One $2,000 Refinance Cashback per property refinanced will be paid regardless of the number of loans involved.

A $2,000 Bonus Refinance Cashback is for initial application and only 1 cashback will be paid regardless of the numbers of customers, properties or applications involved. Bonus Cashback requires a maximum LVR of up to 80%.

Both offers exclude Portfolio Loans or Relocation Loans, switches and refinances of home loans within the Westpac Group and Owner Occupier with Interest Only repayments. Available on the Advantage Package and Basic Home Loans. $200k min loan per property. Credit Criteria, T&Cs, exclusions and fees apply. Learn more.

Get $40 with a new BankSA everyday bank account when you open online3

Apply by 30 June 2021 and deposit $500 within 30 days. New transaction account customers only. Exclusions & T&Cs apply. Learn more.

Get in touch: Call our Concierge on (08) 8239 3394  Email memberoffers@banksa.com.au

 

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Important information from BankSA

This communication has been sent by BankSA to the Membership Alliance partner only, not its employees. If a Workplace Banking partner passes on the communication to its employees, it must ensure that this is in accordance with the workplace banking guidelines provided in the welcome pack and employees have consented to receiving these communications from their employer.

 

  1. 0.30% Cashback: We will pay any eligible member whose new BankSA standard home loan is approved a cash benefit of an amount equal to 0.30% of the loan balance (less any amounts in any offset account linked to the loan) calculated on the 3rd business day after settlement. For example, where an eligible member takes out a new standard home loan with BankSA and borrows $500,000 and places $100,000 into an offset account within 3 days of drawdown, they will receive a cashback of $1,200 (0.30% of $400,000). For standard home loans with a construction or progress payment option, the cashback benefit amount will be the amount equal to 0.30% of the credit limit. The cashback benefit will be paid within 60 days of settlement into the eligible member’s BankSA transaction account. The transaction account must be linked to the eligible member’s home loan account and all home loan repayments are to be direct debited from that transaction account. Eligible members are only entitled to one cashback benefit payment during the term of this offer irrespective of the number of new home loans approved by BankSA for that eligible member. The cashback benefit will only be paid on home loans that are utilised for residential purposes. The cashback benefit will not be paid where the new home loan is a refinance of a Westpac, St.George, Bank of Melbourne, BankSA or RAMS home loan except where the eligible member borrows an additional amount. The cashback benefit will then be calculated on the additional amount borrowed. For example, where the applicant has an existing home loan of $400,000 with Westpac and decides to refinance it to BankSA and borrows an additional $100,000 (so the applicant’s total borrowings are increased to $500,000), the applicant will receive a cashback of $300, being 0.30% of the additional amount borrowed. The cashback benefit will not be paid where the new home loan has been financed through a mortgage broker. The cashback benefit offer commences 1 April 2020 and is only available for home loan applications received by 30 June 2021 and settled by 30 September 2021. The offer may be varied or withdrawn at any time. The cashback benefit is not available on Portfolio Loans or Relocation Loans. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters. Fees, charges and terms and conditions apply on all home loans. Loan approval subject to an assessment of the eligible member’s objectives and financial circumstances and BankSA credit criteria.

 

  1. $4,000 Refinance Cashback: Credit criteria, fees and charges apply. Terms and conditions available at BankSA. $2000 Refinance Cashback per property for new refinance applications received between 1 April 2020 to 30 June 2021 and settled by 30 September 2021. Offer available for Owner Occupier with Principal and Interest repayment and investment loans. Offer current as at 1 April 2020. Only 1 Cashback per property refinance will be paid regardless of the number of loans involved. One $2,000 Bonus Refinance Cashback for a new refinance application received between 18 September 2020 to 30 June 2021 and settled by 30 September 2021. Offer available for Owner Occupier with Principal and Interest repayments and Investment Loans with maximum LVR of 80%. Offer available on the Advantage Package and Basic Home Loans. Offer current as at 18 September 2020. Only 1 Bonus Cashback will be paid for the initial application regardless of the numbers of customers, properties or applications involved. Offer may be varied or withdrawn at any time. $200K min loan per property refinanced applies for the $2000 Refinance Cashback and $2000 bonus Refinance Cashback. Excludes Portfolio Loans, switches and refinances of home loans within the Westpac Group which include St.George, Westpac, Bank of Melbourne, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans, Investment Loans or residential lending originated under family or company trusts. Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. Applicants home loan repayments must be direct debited from this transaction account. Read the BankSA transaction account terms and conditions and consider if the product is right for you. Refer to banksa.com.au. The cashback will be paid into a BankSA transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters. © BankSA –A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

 

  1. $40 Complete Freedom Account: Fees and charges apply. Read the terms and conditions available at banksa.com.au before making a decision and consider whether the product is right for you. To be eligible for the $40 offer you must: open a new Complete Freedom account online between 01/04/21 and 30/06/21, and deposit $500 within 30 days of account opening. If eligible you will receive $40 into your Complete Freedom account within 50 days of opening. All account holders on the new Complete Freedom account must not hold or have held a BankSA, St.George Bank or Bank of Melbourne transaction account, or received this offer at any time to be eligible. Offer is limited to one eligible account and is not available in conjunction with any other offer. © 2021 BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence.

 

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© BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. The Westpac Group, 275 Kent Street, Sydney, NSW 2000, AUSTRALIA.

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