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Cashbacks & Rebates: Home Loans With More To Give

If you’re one of the many out there looking at the market right now – be sure to be on the lookout for home loans offering added incentives.

Cashback offers and rebates

Cashbacks are a way for a bank or other kind of lender to provide a little bit extra to sweeten the deal on one of their products. 

They may literally offer cash back - or it can be taken out of the fees you’d otherwise be charged. You may also receive it in the form of gift cards for certain stores or brands.

Here’s a selection of home loan providers that are offering some form of cashback offer or rebate right now.


ANZ – up to $1,000 rebate on your conveyancing costs:

If you’re an eligible first home buyer (including recipients of State or Territory government first home buyer concessions).

  • Only available for home loans of $250,000 or more.
  • Apply before 31 July 2021. T&Cs apply.


… and up to $3,000 refinance cashback

An offer that’s been extended to 16 April 2021 (previously, the last date for submitting an application was 1 February 2021).

  • Eligible loans must now be drawn down by 30 June 2021 (previously 30 April 2021).
  • Eligibility requirements and T&Cs apply.


Bankwest – $2,000 refinance cashback

For eligible applicants who apply by 30 April 2021 – and the loan must be funded by 30 June 2021.

  • Minimum refinance amount is $250,000.
  • For borrowings up to 80% of the property value.
  • Excludes refinances from Bankwest and CommBank.
  • Eligibility requirements and T&Cs apply.


Bank of Queensland (BOQ) – $3,000 refinance cashback

Available on new owner occupier or investment home loans of $250,000 or more, with an LVR of 80% or less.

  • Only available on applications received by 28 May 2021 (inclusive) and settled by 27 August 2021.
  • Excludes refinance from other BOQ loans or within BOQ Group, including Virgin Money. T&Cs apply.


Commonwealth Bank – $2,000 refinance cashback

Available for owner occupied (principal and interest loans, investment loans and Viridian lines of credit.

  • Not available on bridging loans.
  • Minimum refinance amount of $250,000 applies.
  • Excludes refinance from Bankwest. Applications must be received by 30 June 2021 and loan funded by 30 September 2021. T&Cs apply.


NAB – $2,000 refinance cashback

Available when you refinance an existing loan of $250,000 or more and have a NAB transaction account at the time of drawdown before 31 July 2021.

  • Offer applies to individual applicants who are owner-occupiers or investors, and excludes refinances of First Home Loan Deposit Scheme loans, non-residents, businesses, trusts and other non-natural persons.
  • Excludes refinancing of NAB, UBank, Medfin or Advantedge home loans. T&Cs apply.


St.George Bank – Up to $4,000 refinance cashback

$2,000 refinance cashback for new refinance applications. Plus $2,000 bonus refinance cashback for a new refinance application with maximum LVR of 80%.

  • For new owner-occupier loans with principal and interest repayments and investment loans.
  • Available on Advantage Package and Basic home loans.
  • Apply by 30 June and settle by 30 September 2021.
  •  $395 annual fee applies to Advantage Package home loan. $250k minimum loan per property refinanced.
  • Excludes Portfolio Loans, switches and refinances from within Westpac Group. T&Cs apply.


Westpac – Up to $3,000 refinance cashback per Security

$2,000 per refinanced property and a bonus $1,000 for a borrower’s first application received up to 30 June 2021 and settled by 30 September 2021.

  • Available on owner occupier loans with principal and interest repayments and investment loans, with a LVR up to 80% and minimum $250,000 loan per property.
  • Only available on Westpac’s Flexi First Option or packaged home loans ($395 annual package fee).
  • Excludes portfolio loans, switches and refinances of home loans within Westpac Group. T&Cs apply.


Source: Lenders’ websites as at 29/3/2021.


We’re here to help

If you are considering refinance, regardless if you have fixed product or variable product now, please contact us if you want to discuss these limited time offers – and potentially lock one in!



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