Industry super fund-owned bank ME today announced it will offer $1,250 cashback to customers who apply for new owner-occupier home loans greater than $400,000.
The offer will apply to all owner occupiers who apply from 8 September to 2 October 2015 and settle before the 31 December 2015.
Lino Pelaccia, ME’s general manager of broker sales, says the non-major has timed the offer to boost applications in the lead up to the spring buying season.
However, he says the offer is not available for existing applications, internal refinances or top ups of existing ME home loans, and cannot be used in conjunction with any other home loan offer.