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.
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.