Home Loan Cashback Deals, August 2026
Current cashback offers across the Australian panel, sorted by comparison rate. A cashback is a one-off payment for taking out or refinancing a loan, currently up to $3,000, but the rate matters more over time. Refreshed daily.
RBA cash rate 4.35%(effective 12 Aug 2026)|Rates updated |5,892 products|54 Australian lenders
Editor's Pick · Ratesniffers Editorial Team
Top Home Loan Rates in August 2026
Reviewed by the Ratesniffers Editorial Team, August 2026
The sharpest home loan rates that also pay a cashback. A cashback suits refinancers who will hold the loan a few years, long enough to bank the cash before any rate premium catches up. Refreshed daily, no commercial filtering.
Type
Lender & product
Rate p.a.
Comp. rate p.a.*
Max LVR
Variable rate
Bank of Queensland LimitedClear Path Variable Home Loan
6.03%
6.07%
80%
Fixed rate
IMB Bank2 year Fixed Rate Home Loan
6.24%
6.31%
95%
Clear Path Variable Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments$2,000 cashback
Interest
6.03%p.a.
Comparison*
6.07%p.a.
Monthly repayment
$3,007
LVR ≤80%
Essentials Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments$4,000 cashback
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 71–80%
ANZ Fixed Rate home loan
Owner-occupier2y FixedP&IOffsetRedrawExtra repayments$3,000 cashback
Interest
6.29%p.a.
Comparison*
6.33%p.a.
Monthly repayment
$3,092
LVR ≤80%
*Important Information and Comparison Rate Warning
This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Current lender cashback, rebates and fee offers
As at 18 August 2026, the current lender campaign register contains 11 home-loan offers. Cash offers range from $1,500 to $3,000, alongside fee waivers, fee refunds and pricing concessions. Offers can change or be withdrawn without notice, so confirm eligibility and full terms before applying.
| Lender | Current offer | Key conditions | End date |
|---|---|---|---|
| ANZ | First Home Buyer Boost | First home buyers; LMI waiver and Australian Government Guarantee Scheme applications are not eligible | Until further notice |
| Bank of China | Refinance or purchase cashback | Minimum loan $400,000; Maximum 80% LVR; Loan must settle by 31 December 2026 | 29 Sept 2026 |
| BCU | Essential Services rebate | Eligible essential-services customers; Minimum loan $250,000; Maximum 80% LVR; Purchase or refinance | Until further notice |
| Credit Union SA | Eligible member cashback | Education, Power Network or Port Adelaide Football Club eligibility; Minimum loan $300,000; Maximum 80% LVR | Until further notice |
| Great Southern Bank | $600 establishment-fee waiver | Eligible applications | 25 Feb 2027 |
| ME | Refinance cashback | Minimum loan $700,000; Maximum 80% LVR; Refinance applications | 27 Aug 2026 |
| ME | LMI cashback | Minimum loan $400,000; LVR above 80% and up to 95%; LMI must be payable on the loan | Until further notice |
| P&N Bank | Bond Group rebate | Eligible essential-services customers; Minimum loan $250,000; Maximum 80% LVR; Purchase or refinance | Until further notice |
| RedZed | Reduced rate loadings | Eligibility and pricing depend on the application | Until further notice |
| Resimac | Reduced mortgage risk fee | Prime Alt Doc applications | Until further notice |
| Suncorp | Lifetime annual-fee refund | Home Package Plus | Until further notice |
Offer register last checked 18 August 2026. Comparison rates and product eligibility still determine whether an offer is good value for a particular loan.
What is a home loan cashback?
A cashback is a one-off payment a lender gives you for taking out or refinancing a home loan, usually paid within two months of settlement. As of 18 August 2026, verified cash offers range from $1,500 to $3,000 across 7 lenders. The real question is whether the cashback beats a sharper rate over the life of the loan.
Which lenders offer cashback right now?
As of 18 August 2026, the lenders with a current cash offer in the verified campaign register are ANZ, Bank of China, BCU, Credit Union SA, ME, ME, P&N Bank. The offer table shows the recorded eligibility and end date; compare the product's comparison rate before deciding.
Is a cashback home loan worth it?
Only when the cashback outweighs any rate premium. The test: work out the extra interest a higher-rate cashback loan costs over the years you will actually hold it, then compare it to the cash. On a $500,000 loan a rate 0.15% higher costs about $750 a year, so a $3,000 cashback is used up in roughly four years. Today the lowest rate that includes a cashback is 6.03% p.a., versus 5.98% for the sharpest rate overall, so compare the two before deciding. Frequent refinancers tend to come out ahead on cashback; long-term holders usually do better on the lower rate. Estimate your own case with the refinance savings calculator.
Cashback home loan questions, answered
What is a home loan cashback?
A cashback is a one-off cash payment a lender gives you for taking out or refinancing a home loan with them, typically paid a few weeks after settlement. Amounts on the Australian market usually run from $2,000 to $4,000. It is a marketing incentive, so it is worth weighing against the rate, because a slightly higher rate can cost more over time than the cashback returns.
Which lenders offer home loan cashback right now?
As of 18 August 2026, current cash offers in the verified lender campaign register range from $1,500 to $3,000 across ANZ, Bank of China, BCU, Credit Union SA, ME, ME, P&N Bank. Eligibility, expiry dates and full lender terms apply.
Is a cashback home loan worth it?
Only if the cashback outweighs any rate premium. Work out the extra interest the cashback loan costs over the time you will realistically hold it, then compare that to the cashback. On a $500,000 loan, a rate that is 0.15% higher costs about $750 a year, so a $3,000 cashback is eaten up in roughly four years. If you refinance often, cashback can win; if you hold the loan long term, the sharper rate usually does.
How does refinance cashback work?
Most cashback offers are aimed at refinancers switching an existing loan from another lender. You apply, settle the refinance, meet the offer's conditions (a minimum loan size and loan-to-value ratio are common), and the lender pays the cashback into your account, usually within 30 to 60 days. Watch for clawback clauses that let the lender recover the cashback if you leave within a set period.
Do I pay tax on a home loan cashback?
For an owner-occupier, a cashback is generally treated as a reduction in borrowing cost rather than assessable income, so it is usually not taxed. For an investment loan the treatment can differ. This is general information, not tax advice, so confirm your own position with an accountant.
Next: compare refinance rates (where most cashback offers apply), see the cheapest rates overall, or read the guide on whether cashback deals are worth it.