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OneTwo Home Loans launches into Queensland

OneTwo Team

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OneTwo Home Loans launches into Queensland with a $5,000 cashback offer

BRISBANE, 28 June 2022: OneTwo Home Loans is offering a brand new kind of home loan and is celebrating its expansion into the Queensland home loan market with a limited time $5,000 cashback* offer to local refinancers.

Flipping the traditional power balance, OneTwo helps to put its customers in control of their home loan rate and benefits with a new kind of home loan where customers can earn discounts off their interest rate as they pay it down. It’s a loan designed to help customers pay down their loan sooner and make major savings along the way.

Starting with one of Australia’s lowest variable rates at 2.59% (comparison rate 2.49%), OneTwo’s rate reducing home loan gives customers automatic rate discounts of up to 0.15% as they pay down their loan. With current rates, customers could ultimately reach a variable interest rate of 2.44%.

In a challenging time for homeowners with interest rate rises and the worry of more to come, switching to a lower rate home loan and getting $5,000 cashback is an opportunity for people to ease financial pressure.

Liz McCarthy, Chief Customer Officer at OneTwo Home Loans, said:

“We’ve had huge interest from Queensland home owners since we launched (into Victoria, New South Wales and South Australia) earlier in the year. It’s super exciting to be able to expand into the region and give customers an alternative option to help them save money.

“Often with lenders, the best rate you ever get is when you first sign on, then over time your rate can creep up. We’re offering a brand new kind of home loan where our customers are rewarded with automatic rate discounts as they pay down their loan. The longer you’re with us, the greater the benefits.

“We want to help our customers to pay down their loan sooner and save cash along the way,” she said.

Eligible OneTwo customers will receive the following benefits (T&Cs apply):

  • One of Australia’s lowest variable rates 2.59% p.a. (comparison rate 2.49% p.a.)
  • Limited time $5,000 cashback* offer (Available till 31 July, 2022. Min. loan amount $500K)
  • Automatic rate discounts of up to 0.15% as you pay down your loan
  • Bonus payment match: OneTwo matches dollar-for-dollar your extra loan repayments made in the first six months, up to $2,500 in total
  • No upfront or regular ongoing fees

Starting with owner occupiers looking for variable rate loans with principal and interest repayments, OneTwo is servicing residential property refinancers in metro and inner regional Victoria, New South Wales, South Australia and now Queensland. Redraw is launching soon and offers are currently in development for other customer segments (including investors).

OneTwo was recently awarded one of the leading Mozo industry awards in the category of the ‘Experts Choice Award 2022 - Low Cost Home Loan.’

OneTwo is open now, visit onetwo.com.au

For further information, or to organise an interview with OneTwo CCO Liz McCarthy, please contact:
Ingrid Nason
OneTwo Communications
ingrid@onetwo.com.au
M: 0418 318 032

Cashback Terms Terms and Conditions If you apply to refinance your existing home loan from another financial institution to OneTwo between 1 May 2022 and 31 July 2022 and settle on or before 30 September 2022, you will receive $5,000 AUD cashback. Within 60 days of settlement, OneTwo will pay the cashback to the bank account you nominated for your home loan repayments. Only one cashback amount will be paid per eligible application. Minimum loan amount is $500,000. This offer is subject to change without notice. This offer may be varied, extended or withdrawn at any time (including prior to 31 July 2022), by OneTwo in its sole and absolute discretion. If OneTwo withdraws this offer prior to 31 July 2022, this offer will remain available to those customers who have applied but have not yet settled as at the date that the offer is withdrawn, on the condition that the loan is settled on or before 30 September 2022. This offer is not available in conjunction with any other promotion and is available to new OneTwo customers only. This offer is subject to OneTwo’s eligibility and lending criteria and is made by OneTwo Finance Pty Ltd ABN 20 637 329 321 Australian Credit Licence 527230.

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