What is cashback offer?
A cashback offer is a one-off lump sum a lender pays a new or refinancing borrower at settlement — typical Australian offers in 2025-26 range from $2,000 to $4,000.
A cashback offer is a marketing incentive: settle a qualifying home loan with the lender and they deposit a one-off cash amount (commonly $2,000–$4,000) into your nominated account within 4–60 days of settlement.
Cashbacks are usually conditional on a minimum loan size (often $250,000+), maximum LVR (often ≤80%), and a 'no withdrawal within 12 months' clawback clause. Read the offer terms — if you refinance away inside the clawback window you may have to repay the cashback.
Cashback offers don't always sit on the sharpest comparison rate. Doing the maths matters: a $4,000 cashback only beats a 0.20% rate gap on small loans or short timeframes. We surface live cashback offers next to the rate column on every product so the comparison is honest.
refinance cashback · cashback bonus
- Refinance — To refinance is to replace your existing home loan with a new one — usually at a sharper rate or with better features — …
- Comparison rate — Comparison rate is a statutory percentage that folds standard upfront and ongoing fees into the headline rate on a $150,…
General information only — not personal financial advice. Verified against https://ratesniffers.com.au/glossary on 2026-06-01.