June 2026
What is the cheapest home loan that still pays cashback?
A cashback can offset switching costs, but a sharp rate matters more over the life of the loan than a one-off payment. We rank cashback loans so you can see whether any pair a real incentive with a genuinely low rate.
$400,000Top cashback on panel
4 products on the panel currently pair a cashback with a rate, the largest being $400,000 from IMB Bank at 6.04% p.a. Weigh the one-off cash against the ongoing rate; over a full loan term the rate usually matters more.
Reviewed by the Ratesniffers Editorial Team. Figures computed from the current rate corpus and updated daily.
Cashback rates, ranked by comparison rate
| Lender | Type | Rate p.a. | Comparison | Max LVR |
|---|---|---|---|---|
| IMB Bank | Variable | 6.04% | 6.07% | 80% |
| ME Bank - ME Go | Variable | 5.99% | 6.03% | 80% |
| ANZ | Variable | 6.44% | 6.44% | 80% |
| Bank of Queensland Limited | Variable | 6.03% | 6.07% | 80% |
Sorted by comparison rate, the statutory true-cost metric that includes fees. Showing the panel's sharpest matches; not every lender is shown.
Frequently asked questions
- What is the cheapest home loan that still pays cashback?
- Today the sharpest match on the panel is 6.04% p.a. from IMB Bank. Rates change daily, so the live table on this page always shows the current ranking.
- How often are these rates updated?
- The rates on this page are refreshed daily from across the lender panel and ranked by comparison rate, the true-cost figure that includes fees. The figures reflect the most recent update, not a static snapshot.
- Is the lowest rate always the best loan for me?
- Not always. The cheapest headline rate can come without features like an offset account, and your deposit size, income type and goals all change which loan suits you. Use the rate as a starting point, then weigh the features that matter to your situation.
- What is a comparison rate?
- A comparison rate folds most ongoing fees into a single percentage so you can weigh loans on their true cost rather than the advertised headline rate alone. It is the metric these rankings sort on.