Terms & Conditions

"GET A BETTER DEAL"
PROMOTION
Terms & Conditions

Information on how to participate and the promotional offer form part of these Terms and Conditions. Participation in the “Get a Better Deal” promotion ("Promotion") is deemed acceptance of these Terms and Conditions. Promotional offer not valid in conjunction with any other offer.
The Promotion is open to individuals who are Australian residents aged 18 years or over who have either: (a) an Existing Eligible Home Loan; or (b) have obtained an Eligible Home Loan Pre-approval. Employees (and their immediate families) of alphaLEND, their related entities, and agencies associated with this Promotion are ineligible. Immediate family means any of the following: spouse, ex-spouse, de-facto spouse, child or step-child (whether natural or by adoption), parent, step-parent, grandparent, step-grandparent, uncle, aunt, niece, nephew, brother, sister, step-brother, step-sister or 1st cousin.
For the purpose of this Promotion, an Existing Eligible Home Loan means a home loan that is available to the general Australian public from an Australian home loan provider, excluding any ineligible home loan, which unless indicated otherwise, includes the following: (a) an existing fixed rate home loan or split fixed / variable rate home loan; (b) an existing alphaLEND Loan or an existing home loan from alphaLEND’s panel of lenders that was arranged through an alphaLEND Adviser, unless alphaLEND in its absolute discretion allows otherwise; (c) an existing home loan that is unavailable to the general public, including but not limited to, a bank employee home loan and a defence force personnel home loan; and (d) an existing home loan with an outstanding balance of less than $150,000.
For the purpose of this Promotion, an Eligible Home Loan Pre-approval means a bona fide non-expired pre-approval provided (on lender's letterhead), between 1st July 2008 and the end of the Offer Period on a home loan that is available to the general Australian public from an Australian home loan provider, excluding any pre-approval for any ineligible home loan, which unless indicated otherwise, includes the following: (a) a pre-approval on an alphaLEND Home Loan or pre-approval for a home loan from alphaLEND’s panel of lenders that was arranged through an alphaLEND Adviser; (b) a pre-approval for a home loan that is unavailable to the general public, including but not limited to, a bank employee home loan and a defence force personnel home loan; and (c) a pre-approval for a home loan with a balance of less $150,000.
alphaLEND reserves the right, at any time, to verify the validity of claims, home loan details or pre-approval details and participants (including a participant's identity, age and place of residence) and to disqualify any participant who does not participate in accordance with these Terms and Conditions or who tampers with the claim process. Failure by alphaLEND to enforce any of its rights at any stage does not constitute a waiver of those rights. Incomplete or illegible claims will be deemed invalid.
Offer opens 1st July 2008 and now closes 31st December 2008 ("Offer Period"). Booking an appointment with an alphaLEND Adviser is essential for this Promotion and is subject to availability.
Participants who have an existing home loan and who are looking to refinance their existing home loan: To participate, existing home loan owners must, during the Offer Period, present the requisite details of their Existing Eligible Home Loan to an alphaLEND Adviser, including official lender documentation confirming present interest rate, any revert rates (if applicable), all applicable fees and charges, outstanding balance and outstanding term of the loan and any other information that alphaLEND may require for the purpose of the calculation. The participant will also be required to supply their bank details so that the gift can be deposited if they qualify. The Broker or alphaLEND will then assess their Existing Eligible Home Loan and determine whether they are able to provide details of the availability of a 'Get a Better Deal'. The participant acknowledges that this make take up to 10 working days from the date of submitting the requisite details.
Participants who are looking at taking out a new home loan: To participate, the individuals must, during the Offer Period, provide their original Eligible Home Loan Pre-approval (on lender's letterhead) to an alphaLEND Adviser, confirming present interest rate, any revert rates (if applicable), all applicable fees and charges, amount to be borrowed and term of the loan and any other information that alphaLEND may require for the purpose of the calculation. The participant will also be required to supply their bank details so that the gift can be deposited if they qualify. The Broker or alphaLEND will then assess their Eligible Home Loan Pre-approval and determine whether they are able to provide details of the availability of a 'better deal'. The participant acknowledges that this may take up to 10 working days from the date of submitting the pre-approval.
For the purpose of determining whether the alphaLEND Adviser can provide details of the availability of a 'Get a Better Deal', alphaLEND will compare the Existing Eligible Home Loan or the Eligible Home Loan Pre-approval (as the case may be) to a new loan alphaLEND acting reasonably considers will be available to the Participant. The two loans will be compared having regard to the actual interest rate(s) and ascertainable and non-contingent fees applicable at the time of undertaking the assessment, assessed over a period of seven years from the date of assessment. Warning: Although a loan is less costly, it may not be wise for a Participant to refinance to the new loan. This is because the comparison ignores such costs as Lenders Mortgage Insurance, early repayment penalties, and deferred establishment fees. Whether it is wise to refinance will depend on individual circumstances which your alphaLEND Advisor can help you understand. Make sure you understand the total cost of refinancing before proceeding. As interest rates are subject to change, the Promoter is not responsible should interest rates change at a later date.
If alphaLEND is unable to provide the participant with details of the availability of a better deal, in accordance with the requirements of these Terms and Conditions, alphaLEND will provide the participant the gift of $300. The participant must allow at least 60 days, if opted to receive payment by EFT to their nominated bank account, from the date of confirmation by alphaLEND that it cannot provide information on a 'better deal' to receive the payment. The participant must allow at least 120 days, if opted to receive payment by cheque, from the date of confirmation by alphaLEND that it cannot provide information on a 'better deal' to receive the payment.
The participant acknowledges and agrees that all loans are subject to the lender's own lending criteria and approval, which will depend upon each individual's own circumstances, including security offered. alphaLEND will take reasonable steps to provide information on a better home loan deal that may be available, however shall not be responsible if the lender declines to provide the loan due to the individual's circumstances, and alphaLEND shall not be liable to pay out the gift in such circumstances.
Only one individual per household is permitted to participate in this Promotion. Each individual is only permitted to check one (1) loan under this Promotion. If there is a dispute as to the identity of a participant, alphaLEND reserves the right, in its sole discretion, to determine the identity of the participant.
alphaLEND’s decision is final and no correspondence will be entered into.
Gifts are not transferable or exchangeable.
If this promotion is interfered with in any way or is not capable of being conducted as reasonably anticipated due to any reason beyond the reasonable control of alphaLEND, alphaLEND reserves the right, in its sole discretion, to the fullest extent permitted by law (a) to disqualify any participant; or (b) to modify, suspend, terminate or cancel the Promotion, as appropriate. alphaLEND reserves the right in its absolute discretion to revise these Terms and Conditions without notice, by posting a revised copy of the same at www.alphalend.com.au.
Except for any liability that cannot be excluded by law, alphaLEND, alphaLEND Advisers and their related entities (including their respective officers, employees and agents) exclude all liability (including negligence), for any personal injury; or any loss or damage (including loss of opportunity); whether direct, indirect, special or consequential, arising in any way out of the Promotion, including, but not limited to, where arising out of the following: (a) any technical difficulties or equipment malfunction (whether or not under alphaLEND’s or alphaLEND’s Advisers' control); (b) any theft, unauthorised access or third party interference; (c) any claim or gift that is late, lost, altered, damaged or misdirected (whether or not after their receipt by alphaLEND or alphaLEND’s Advisers) due to any reason beyond the reasonable control of alphaLEND; (d) any variation in offer value to that stated in these Terms and Conditions; (e) any tax liability incurred by a participant; (f) participation in the Promotion; or (g) a lender refusing to provide a loan to a participant.
alphaLEND and alphaLEND Advisers collect personal information in order to conduct the Promotion and may, for this purpose, disclose such information to third parties, including, but not limited to, its panel of lenders and as required, to Australian regulatory authorities. Participation is conditional on providing this information. alphaLEND may, for an indefinite period unless otherwise advised, use the information for promotional, marketing and publicity purposes including sending electronic messages or telephoning the participant. Participants should direct any request to access, update or correct information to alphaLEND.
alphaLEND Pty Ltd of PO Box 4236, Elanora, QLD, 4221. A.B.N. 76 121 306 036