Saw on TV Bank of Melbourne have doubled cashback offer until 31 Jan for homeloan refinancing. They do negotiate on rates as well if you have a better offer.
Their Basic Homeloan has $0 annual fee and is 2.96% comparison rate for owner occupier P&I, LVR up to 60%.
$4,000 Online Refinance Cashback if you refinance online. The $4,000 Online Refinance Cashback consists of: $2,000 Refinance Cashback per property for new refinance applications received between 23 September 2019 to 30 April 2020 and settled by 30 June 2020. Plus one $2,000 Bonus Refinance Cashback for a new refinance application submitted online and received between 11 November 2019 to 31 January 2020 and settled by 31 March 2020. Offer available on the Advantage Package and Basic Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans. Offer current as at 11 November 2019. Offer may be varied or withdrawn at any time. $250k min loan per property refinanced. Only 1 cashback per property refinance will be paid regardless of the number of loans involved. Only 1 bonus cashback will be paid regardless of the numbers of customers, properties or applications involved. Excludes Portfolio Loans, switches and refinances of home loans within the Westpac Group which includes St.George, Westpac, Bank of Melbourne, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Advantage Package Terms and Conditions apply. A $395 annual package fee applies ($0 fee for Basic home loan) and is payable from an eligible Bank of Melbourne transaction account. Applicant’s home loan repayments must be direct debited from this transaction account. Read the Bank of Melbourne transaction account terms and conditions and consider if the product is right for you. The cashback will be paid into a Bank of Melbourne transaction account within 60 days of settlement. The transaction account must be linked to the home loan at the time of settlement and kept open for 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.