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$4000 Cashback When Refinancing Your Mortgage (> $250k) Online with People Choice Credit Union

  1. Subject to these terms and conditions, the $4,000 cashback offer applies in relation to eligible refinance home or investment basic variable and package loans from $250,000.00 with less than 80% loan to value ratio (LVR). A $2,000 cashback offer applies for eligible loans with an LVR 80% and above.

  2. The offer is restricted to one cashback amount per person, or in the case of multiple borrowers, one cashback amount per application during the offer period.

  3. Eligible loans include our basic variable product and all package products. Standard products, bridging loans and business loans are excluded.

  4. Loans to refinance or otherwise repay existing People’s Choice Credit Union loans are not eligible.

  5. To be eligible for the applicable cashback amount:

5.1. The completed eligible loan application must be submitted to People’s Choice Credit Union between 10 November 2020 and 30 April 2021, the offer period; and

5.2. A minimum of $250,000.00 must be in an eligible loan product; and

5.3. The application must be approved (according to our usual lending criteria and credit assessment processes) and the loan must be fully funded/settled by 31 May 2021.

  1. The applicable cashback amount will be credited to a People’s Choice account nominated by the borrower(s) (which may be the loan account or another account) within 60 days of the loan being funded/settled. If an account is not nominated by the borrower(s) for this purpose, the applicable cashback amount will be credited to the loan account.

7.Lower refinance amounts may be considered for regional towns on application, if deemed eligible for the offer the cashback amount may be reduced.

  1. Limit of one cashback offer per person over a 12 month period.

  2. All our usual terms and conditions, fees and charges, lending criteria and lending requirements apply and are available upon application.

  3. Offer may be varied or withdrawn at anytime.

  4. We reserve the right to seek reimbursement of any cashback amount paid where the refinanced loan is discharged within 90 days of funding/settlement.

People's Choice Credit Union, 50 Flinders Street, Adelaide 5000, a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 AFSL, Australian Credit Licence 244310.

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closed Comments

  • +1 vote

    At first glance the interest rates appear to be on the high side….


      Comparison rate is actually decent.

  • +3 votes

    Can you list the rates so people don't need to click through, please?

  • +3 votes

    Where does it state VIC & ACT only?


      Fairly certain it's in SA too by default


      You are right. Looks like they removed that condition. It was there in previous promotion.



    Interest rate looks too high with the above link


    Been looking at them on a basic variable at 2.49% comparison. Apparently they give more discounts for LVR below 80% but yet to chat to see what that further discount is.

  • +2 votes

    It is already worrying that the website does not provide clear information about the rates and loan features. In addition, what I've got from the website is the annual fee- $395. No deal.

  • +1 vote

    Has anyone had any luck bouncing around from home Loan to home loan and taking advantage of the signup offer? The fine print says to that receive the $4000 I only need to keep the home loan for 90 days. Even if I have to pay some entry and exit fees, It would seem worth $4000 to transfer to this loan and then in 90 days transfer back to a cheaper interest-rate one..

    • +1 vote

      Exactly why I posted this deal. Atleast 3K cash can be made here. As long as you don't fix and maintain a good credit rating.


    Has anyone been given a rate for the variable package with offsets?

    I'm still waiting to hear back.


      Keen to hear about the same package with an offset account


        Rate - 2.84% for variable with offset. No application and valuation fee, $395 annual package fee.

        Submitted online form 2 days ago.
        Got a call yesterday to set up a meeting with a broker this morning.
        Got an email with forms from them after 2 hours.