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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.

Switching banks for a mortgage in Australia can make sense for several reasons. Here are some key points to consider:

  1. Interest Rates: Interest rates can vary significantly among different banks. By switching banks, you may find a mortgage with a lower interest rate, which can save you a substantial amount of money over the life of your loan. Even a small difference in interest rates can result in significant savings.

  2. Loan Features: Different banks offer various loan features and options. By switching banks, you may find a mortgage that better suits your needs. For example, you might find a loan with flexible repayment options, an offset account, or the ability to make additional repayments without penalties. Assessing your financial situation and requirements will help you identify the features that matter most to you.

  3. Fees and Charges: Banks charge different fees for their mortgage products, including application fees, ongoing account-keeping fees, valuation fees, and legal fees. Switching banks gives you an opportunity to compare these fees and choose a lender that offers competitive rates and charges fewer fees. This can help reduce your upfront costs and ongoing expenses.

  4. Customer Service: If you’re unhappy with the customer service or support you’re receiving from your current bank, switching to another bank can provide a fresh start. Research the reputation and customer reviews of potential lenders to find one that prioritizes customer satisfaction and offers excellent service.

  5. Special Offers: Banks often introduce special promotions and offers to attract new customers, including discounted interest rates or cashback incentives. By switching banks, you may take advantage of these offers and receive additional benefits, such as reduced fees or access to exclusive banking products.


ANZ Refinance Rebate

ANZ Bank has introduced an exciting incentive program called ANZ Switching Cashback. By simply logging your switch with ANZ before August 20, 2022, and settling within 120 days from the application date, you can enjoy attractive cashback rewards. 

  • Bonus of $4000: Loan amount is greater than $250,000. Maximum LVR 80%. 
  • Bonus of $2000: Loan amount is greater than $250,000. LVR is higher than 80%.
  • Drawdown within 120 days from submission date
  • Loan Purpose: OFI Refinance
  • Minimum Loan Amount: $250,000 or more (New to ANZ Lending)
  • Offer may be amended or withdrawn at any time
  • The cashback amount will be determined by the bank assessed LVR (loan to value ratio). The following applies

Loan to Value Ratio Cashback Amount

LVR 80.00% or less $4,000LVR 80.01% or more $2,000 LVR will be calculated based on bank assessed security value on the application(s). For applications that are cross-collateralised and/or have multiple securities, the LVR will be determined based on the application structure as it has been approved irrespective of LMI Waivers/Exemptions. Existing loans and security positions unrelated to the application(s) will not be considered when determining overall LVR for this offer.

  • This offer is available to customers who have either an ANZ Standard Variable Rate Home & Investment Plan, an ANZ Fixed Rate Home & Investment Loan (including interest in advance), or an ANZ Simplicity PLUS Home & Investment Loan. By taking advantage of this promotion, eligible individuals can receive a cashback reward.
  • The ANZ Switching Cashback offer excludes certain categories, including home or investment loans in a company name, non-home loan products, short-term loan arrangements such as bridging and construction loans, and non-credit critical (NCC) applications. Additionally, internal ANZ refinances, which involve restructuring an existing ANZ loan into a new loan with the same borrower/s, are also not eligible for the cashback offer.



Great news! We’ve extended our cashback offer of up to $4k for refinancing. To be eligible for this special offer, your customers now have until 30 June 2023 to apply and until 30 Sept 2023 to settle.

In case you missed it, here’s our cashback offer eligibility criteria:

  • Customers are eligible to receive a $4,000 cashback payment if the loan amount is $$750,000.
  • Exclusively available to customers who have opted for the Professional Package, AMP First, Essential, and Basic Home Loan products.
  • Applies specifically to owner-occupied and residential investment loans that require principal and interest repayments. 
  • Refinance, restructure, or switches of home loans within AMP Bank are not available.
  • Refinancing an existing home loan from another lender is also not possible.
  • Not available for the refinance, restructure or switches of home loans within AMP Bank or refinancing an existing home loan from another lender.


Bank Of Queensland (BOQ) – $3,000 Refinance Cashback

The enhanced offer is being made on an &open ended basis, provided settlement occurs within 120 days of application. The enhanced offer is as follows:

  1. The eligible cash back amount is $3,000.
  2. Cashback is offered on an &open ended basis, provided settlement occurs within 120 days of the application being received by BOQ.
  3. All other eligibility criteria remain the same, including that this offer can be amended and/or withdrawn by BOQ at any time without notice.

Open Ended

Previously, eligible applications would need to be submitted and settled by a specific date. The new open-ended offer will mean that from 1 December 2022 new applications can be submitted at any time but must settle within 120 days of the application keyed date (approximately 4 months).


  • Personal customers only, who are Australian residents aged 18 and over taking out a new home loan with BOQ. Non-personal borrowers (including Trusts and Companies) are not eligible for this offer.
  • The purpose of the loan must be to refinance a loan to BOQ from another financial institution. This excludes refinances from BOQ Specialist, ME Bank and Virgin Money (Australia).
  • Lending must be flagged with refinance purpose on the loan application.
  • Refinance settlement within 120 days of the loan application date.
  • Minimum total lending of at least $250,000 with maximum LVR of 80%.
  • An applicant will be eligible for a maximum of one refinance cashback payment, regardless of the number of loan applications they are party to.
  • Multiple applicants will jointly receive a maximum of one refinance cashback payment (provided all other eligibility criteria are satisfied).
  • Customers who have ever received a similar cashback payment from BOQ will be ineligible for these offers.


NAB – $2,000 Refinance Cashback

$2,000 Refinance Cash Bonus extended Since September 2020, eligible customers have been rewarded with a $2,000 cash bonus when refinancing a loan of $250,000 or more to NAB. We’re pleased to announce that the $2,000 Refinance Cash Bonus offer has been extended to include eligible loans drawn down on or before Sunday 31 October 2021.

A reminder that the offer is only available once per customer within the offer period and that customers must have a NAB transaction account open at drawdown in order to receive the cash bonus.


Westpac $4000 Cash Rebate

Get $4K cashback when you refinance to us!

Apply by 30th June 2023, settle by 30th September 2023. Owner Occupier loans (P&I repayments) and Investment Property loans, with LVR+ up to 80% and min $250k loan. Flexi First Option or packaged home loans only. Limit of one $4000 cashback offer available per primary applicant within a 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant. Excludes refinances within Westpac Group.

To be eligible for the $4000 Refinance Cashback offer, your client will need to meet the following conditions:

  • Refinance to a Westpac Owner Occupier (Principal & Interest repayment) or Investment Property (Principal & Interest or Interest Only repayment) home loan.
  • Flexi First Option Home Loan or Premier Advantage Package
  • Minimum loan size of $250k
  • LVR up to 80%
  • Applications received between 30th June 2023, settle by 30th September 2023.
  • Limit of one $4000 cashback per customer payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.


Suncorp $3000 Cash Rebate

EXTENDED Cash for loans ≥ $500,000!

Up to $4000 cash to new eligible home loans $3000 for loans ≥ $500,000 – $999,999, LVR ≤ 90% $4000 for loans ≥ $1,000,000+ LVR ≤90%

For refinancing and purchase applications submitted by 31st March 2023 to 30th June 2023, settle by 28 September 2023.

Terms and Conditions

  1. Available for applications, with the minimum loan amount of $500,000 to receive $3000 and minimum of $1,000,000 to receive $4000. The minimum amount can include Lenders Mortgage Insurance (LMI). Minimum loan amount can be split across facilities, but must be within 1 submission to quality.

  2. For the $3000 Cash Back Boost Payment: Effective for applications received by Suncorp Bank between 31st March 2023 for applications $500k+ until Thursday, 30th June 2023.

  3. For the $4000 Cash Back Boost Payment: Effective for applications received by Suncorp Bank between 31st March 2023 to 30th June 2023.

  4. New home loans applications must settle on or before 28 September 2023.

  5. Loan to Value Ratio, including Lenders Mortgage Insurance where applicable, is less than or equal to 90%.

  6. A Suncorp Bank transaction account in the name of all Borrowers, must be held, or acquired to receive the $3,000 or $4000 payment.

  7. A limit of one payment will be made to a Borrower. If there is more than one Borrower only one payment will be made to those Borrowers jointly.

  8. If any of the Borrowers have received a payment whether individually or jointly under the previous $3,000 Refinance offer and take out additional new lending of $500,000+ or $1,000,000+ they are also eligible to receive the $3000 or $4000 Cash Back Boost Payment.

  9. Payment will be credited to a Suncorp Bank transaction account, in the name of all Borrowers, within 60 days.

  10. This offer applies to any available Suncorp Bank home loan product, including Personal / Owner Occupied, Investment loans, Principal and Interest and Interest Only repayments.

  11. The Home Package Plus Annual Fee Refund Offer can be used in conjunction with this offer.

  12. This offer is not available in conjunction with any other home loan cash back offers.

  13. Suncorp Bank reserves the right to vary the Cash Back Boost Payment at any time.


ING $3000 Cash Rebate

Extension of ING’s $3000 Home Loan Cashback Offer We’re pleased to let you know our $3,000 cashback offer for eligible new refinance applications has been extended until 31 Ma\y 2023.

Here are some key conditions of the offer: effective for eligible applications received by ING between 1 July 2021 and 31 May 2023. Only available for the refinance of an existing home loan from another lender which settles by 31 August 2023, and excludes refinances of existing ING loans. for any ING home loan products with a minimum loan amount of $500,000 and LVR less than or equal to 80%.

Limited to one $3,000 refinance cashback per application irrespective of the number of:

  • properties or borrowers included on the application
  • or loan accounts that are being opened through the refinance.

Available for applicants who hold an Orange Everyday account in the same name(s) as the new loan. If the applicant does not hold an Orange Everyday account in the same name(s) as the new loan, it must be opened before the cashback is paid (which takes place within 70 days of settlement).


Call us at 0426667696 or email us at for more information.

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