What is cashback offer?
A cashback offer is a one-off lump sum a lender pays a new or refinancing borrower at settlement, with typical Australian offers in 2025-26 ranging 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.
Also called
refinance cashback · cashback bonus
Related
- Refinance: To refinance is to replace your existing home loan with a new one, usually at a sharper rate or with better features, by…
- 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.