Bank Cash Back Offers - How much could you save?

Updated: May 1

We've summarised the current bank cash back offers in the market you could be eligible for when refinancing your home loan. Please note all offers are subject to each lender’s individual terms and conditions.


Refinance cash back of up to $4000.

Effective 9 March 2020, eligible customers refinancing home loan values of $250,000 or more from an Other Financial Institution (OFI), will receive a cashback amount of $4,000.

This updated discretion replaces any existing ANZ switching cashback arrangements as of 9 March 2020.

Eligibility criteria:

  • Loan applications must be submitted between 9 March 2020 and 31 May 2020;

  • Loans must be drawn down by 30 September 2020;

  • Must be new to ANZ Lending.

The lending tiers and cashback amounts:

  • At least $150,000 but less than $250,000 --> $1,200

  • $250,000 or more --> $4,000


$4,000 cashback on NAB refinances.

  • $2,000 Cash Bonus for drawdown of new NAB home lending for new purchase or incremental lending of $250,000 or more, limited to one bonus per customer;

  • $4,000 Cash Bonus for a refinance to NAB of $250,000 or more, limited to one bonus per customer;


  • Customers must hold a NAB personal transaction account for the Cash Bonus to be deposited into;

  • Cash Bonus is available for all NAB Home Loan products excluding Lines of Credit, the NAB Portfolio Facility, the NAB Private Portfolio Facility and loans for building or construction purposes;

  • Available to borrowers who are individuals only (both owner occupier and residential investor);

  • Not available to customers from NAB or NAB’s affiliates such as UBank, Medfin and Advantedge.


$2000 refinance rebate per property.

Clients could be eligible for a $2000 rebate per property when they refinance their home loan to a Westpac Premier Advantage Package home loan with a minimum loan size of $250,000. Package involves $395 annual fee.

Note • Offer excludes Equity Access Loans; • Offer excludes internal refinances or switches within the Westpac Group which includes Westpac, St. George, Bank of Melbourne, Bank SA and RAMS; • Offer not available to company and trust account holders.


$2000 refinance cashback.

Get $2,000 for your first refinance application, plus a bonus $2,000 for every additional property refinanced when you apply by 31 March 2020 and settle by 31 May 2020.

Available on Basic Home Loans and Advantage Package loans ($395 annual package fee, $0 fee for Basic home loan). Excludes Owner Occupier loans with Interest Only repayments and refinances from within Westpac Group. Minimum loan size of $250,000 per property.


$2,000 cash back bonus.

  • Available for Home Package Plus home loans with a minimum new home lending of $250,000;

  • Up to and including 90% Loan to Value Ratio (LVR);

  • Available for Purchase and Refinancing;

  • Apply by 30 April 2020, settle by 29 July 2020 (unless withdrawn sooner).

If you're thinking of refinancing, speak to us today to find out how we can help unlock the best value for your individual situation.



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AMJ Financial Pty Limited trading as Legal Home Loans ABN 22 620 226 520. Credit Representative Number 500773 is authorised under Australian Credit License Number 389328. This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.  CONTACT DISCLAIMER:​ The privacy of your personal information is important to us. By providing your personal information to Legal Home Loans, you consent to be contacted by a representative of Legal Home Loans from time to time for marketing purposes. We will use your contact details to send you direct marketing communications including offers, updates and newsletters that are relevant to the services we provide. We may do so by mail or electronically. You can unsubscribe from by notifying us and we will no longer send this information to you. For more information, please refer to our Privacy Policy.  Copyright © 2020 by Legal Home Loans Pty Ltd