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Home Loan Cashback Offers: up to $4000 Cashback or up to 300,000 Qantas Points @ Various Lenders

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Home Loan Cashback Offers: up to $4000 Cashback or up to 300,000 Qantas Points @ Various Lenders
Go to Deal
bhunter101 on 29/09/2025 - 11:36 afr.com (1350 clicks)
Last edited 29/09/2025 - 16:29 by 1 other user
Incentives on offer for property buyers
Lender Cashback amount Borrowing criteria
AMP $2000 Refinancers
ME Bank $3000 Refinancers
Greater Bank $2000-3000 First home buyers, refinancers and online applicants
IMB $2000-4000 Purchasers and refinancers
BankVic $3000 Purchasers and refinancers
Newcastle Permanent $2000-3000 Purchasers and refinancers
Regional Australia Bank $2000 First home buyers and refinancers
Credit Union SA $2000-4000 Purchasers and refinancers
Reduce $2000-3000 Refinancers
Summerland Bank $2000-3000 Refinancers
Bank of Queensland $2000 Purchasers and refinancers
CBA Up to 300,000 Qantas pts Purchasers and refinancers

CBA QFF Points Breakdown:
100,000 Qantas Points for loans between $300,000 and $499,999
200,000 Qantas Points for loans between $500,000 and $999,999
300,000 Qantas Points for loans of $1,000,000 or more.

Financial Cashback First Home Buyer Frequent Flyer Home Loan Loan Qantas Frequent Flyer Refinance Reward Points

Related Stores

The Australian Financial Review
The Australian Financial Review
Third-Party
AMP
AMP
Bank of Queensland
Bank of Queensland
BankVic
BankVic

Comments

Search through all the comments in this post.
  • minijumbuk on 29/09/2025 - 12:12
    +20

    Finally some decent incentives. Big 4s been engaging in semi collusive behaviour in this staring contest, looks like some of them are starting to blink

    • Freestyle on 29/09/2025 - 14:19
      +1

      last year ANZ gave me 3000 cashback for signing up with them as a first home buyer they also matched the lowest rates I was offered

      • pavman on 29/09/2025 - 15:58
        +2

        Yeh, similar to my experience dealing directly with ANZ around June/July this year… lowest rates I could find at the time for investment loan plus $2k cash back, coz loan amount was <$500k

        • Freestyle on 29/09/2025 - 17:08
          +1

          basically same as you haha, brokers couldnt get me this deal they were pushing me to St George or. Westpac, the rates were lower tho so I just showed those quotes to ANz and they matched

          offset is also cheaper just 10/month, at the time a lot of the other banks still wanted you to pay 395/yr

    • kungfuman on 29/09/2025 - 16:16
      +4

      how about this give us a LOWER INTEREST RATE instead of all the crap you're offering.

    • donman92 on 29/09/2025 - 18:20

      2023 I had $5k cashback plus first year $400 offset fee waived with Westpac. I've never seen that good of a refinance offer ever since.

      • freeb1e4me on 29/09/2025 - 21:06
        +2

        What was the cost to leave?

      • kcome on 01/10/2025 - 13:27

        If you get $5K cashback in 2023 that's good. I don't remember any official deal/offer at that time. Must be some broker or banker really wanted get your money onboard.

        • donman92 on 01/10/2025 - 13:35
          +1

          Was a staff offer in education; extra $1k and the first year fee waived. $4k was the normal offer (still good)

          • kcome on 01/10/2025 - 13:38
            +1

            @donman92: Must be (very?) early 2023. Late 2023 is just 1K I reckon (seems $0 for non-staff).

  • merajaan on 29/09/2025 - 12:14

    Looks like AMP's cashback offer is expiring tomorrow. ANZ currently have $2K cashback but that also expires tomorrow

    • Yadzz on 29/09/2025 - 12:18

      Error404 on AMP link!!

      • minijumbuk on 29/09/2025 - 12:24
        +2

        May be it's expiring because they're increasing it to 4k.

        • merajaan on 29/09/2025 - 12:39

          That's a big call with no firm info to go on at this stage. We'll have to wait and see till 1st of October I guess as to whether AMP will be increasing their cashback from $2K to $4K or scrapping it altogether

  • mtr on 29/09/2025 - 12:27
    +3

    Thanks for collating. Commbank offer details, so should probably be 100-300 in the description

    100,000 Qantas Points for loans between $300,000 and $499,999
    200,000 Qantas Points for loans between $500,000 and $999,999
    300,000 Qantas Points for loans of $1,000,000 or more.

    • bhunter101 on 29/09/2025 - 12:34
      +1

      Updated the post.

    • edumacation on 29/09/2025 - 12:43
      +5

      How much is that worth in Kangaroo dollariedoos?

      • immrnonamehello on 29/09/2025 - 13:18
        +1

        Depends how good you are at finding premium flights. I personally rate 300k points to be roughly $10k. 1c per point for economy and 10c per point for first class averaging out (and obviously economy rewards are much easier to find).

        • littlesoldier on 29/09/2025 - 14:47
          +4

          I won't value that much TBH
          used to value 1c per point but since qantas has devalued points for rewards ticket in August
          its now only 0.8c per point
          so 300k points = max $2400

          • immrnonamehello on 29/09/2025 - 15:51

            @littlesoldier: If you're buying points (from unofficial sources) then I agree $2400 is probably about right. When it comes to spending I'd value it more than that unless you only ever redeem economy.
            But really what's the point of points if you only ever redeem economy…just pay for it.

    • donman92 on 29/09/2025 - 18:23

      Sucks that the min amount is $300k. Wish they made it $200k min

  • JHoliday on 29/09/2025 - 12:34

    ANZ cashback increased to $3000 as well

    • merajaan on 29/09/2025 - 12:41
      +1

      For first home buyers only though

      • donman92 on 29/09/2025 - 18:24

        Banks tempting newbies with the new 5% down payment offer

        • ribze1 on 29/09/2025 - 21:50
          +1

          *deposit.

          We don't use the term "down" or "down payments" in Oz.

  • bhunter101 on 29/09/2025 - 12:41
    +15

    Happy for mods/someone to convert this to a wiki of Loan's CBs and maintain it.

  • Prodev3r on 29/09/2025 - 12:49
    +9

    Curious if this is even worth it if cashback offer is $2k.

    Last time the cashback was $4k and I don't exactly remember how much I came on top but was definitely under 3k after fees and everything. All the documentation took countless hours to compile and email.

    • Brick Tamland on 29/09/2025 - 13:07
      +1

      I think the original idea was that the Cashback covers all the fees. They have sometimes gone up a little to be more enticing.

    • brendanm on 29/09/2025 - 14:03
      +2

      I thought it was about $8-900 in fees when I did it for $4k cash back. Paid for my deck.

  • gilbert151 on 29/09/2025 - 12:51

    what's it cost to move?

    • Porkr0ll on 29/09/2025 - 12:59
      +8

      It's be roughly
      50 dollars in title search fees (state depending)
      300-400 bank discharge fee
      180ish mortgage discharge fee from LTO
      180ish mortgage charge fee from LTO
      200ish on documentation fees (lender dependant)

      Also depending on timing of refinance it's possible to be slugged 2 package fees roughly 350 each. (If you are looking for a packaged home loan)

      At a minimum it would be close to a 1000 in fees plus the few hours of admin involves. I wouldn't do it for 2k under unless it was a massive rate change

    • SydBoy on 29/09/2025 - 13:30
      +1

      Around 1200 when last time I did it few years ago in NSW.

    • JohnHowardsEyebrows on 29/09/2025 - 15:03

      In Vic, around $700.

      • DrPotato on 29/09/2025 - 18:01

        Refinanced from ANZ to Newcastle Permanent in VIC last month. Cost was just under $1100. Fees included the annual fee of $395 for offset account for which ANZ would charge me $10/month so further savings there. Comes out to $1000-ish profit. Plus, Newcastle has far better customer service with agents based in Oz so good to be supporting them after the crap ANZ has pulled.

  • DingoBilly on 29/09/2025 - 12:53
    +1

    Are there any thoughts on these of which is the best to work with/which of these offers is the best considering the full picture? I'd assume Commonwealth Bank would be top as one of the big 4 banks and if you can get 200,000 or the 300,000 point offer.

    But then not sure on the rest. I've only heard bad things about ME Bank for example.

    • BargainsGrabber on 29/09/2025 - 12:57

      What are the bad things did you hear?

      • DingoBilly on 29/09/2025 - 13:13
        +1

        Stuff like no OSKO, outdated apps etc., and not great for support.

        • kanad on 29/09/2025 - 13:16
          +1

          They also have a minimum loan of $700k for the cashback offer.

        • edumacation on 29/09/2025 - 13:39
          +1

          App definitely outdated but it does what it needs to.

          No OSKO and weekend transfers are probably the biggest problems l, I went from ANZ to ME to get the 3k and that made me have to change the way I traveled since overseas I would need to make sure I don't need more money over the weekend. Otherwise it was fine since the only time you would need to access the card over the weekend is to withdrawal.

        • Tacosaurus Rex on 29/09/2025 - 14:12
          +1

          I was with them when the last cashback was around, approx 12-18 months with them). No issues with support. App and website did what was needed. They have new apps now for better or worse (ME Go). YMMV but they were fine as far as a home loan bank goes…

    • haemolysis on 29/09/2025 - 13:56
      +7

      Why would you think a "Big 4" is giving you a better service than any other bank… a loan is a loan. I'd personally say cash is better than points, so they seem to be the worst of all.

      • kcome on 01/10/2025 - 13:55

        I agree cash is better. However, in the past few years of mortgage war drought, i'd still reckon the start of something(points) is better than nothing at all. hoping everyone is pumping up their offerings.

    • Tommyaka on 06/10/2025 - 02:49

      They're not listed in this post but I've been with Qantas Home Loans and they've been great. 100k QFF points per property, per year, for the life of the loan. Their rates are also comparable to the other banks.

      Their promotional offer right now isn't the best, but in conjunction with the 100k QFF points it's not a bad deal.

      Receive a $1,000 Qantas Hotels & Holidays voucher on new loans of $500,000 or more.

  • Levitate on 29/09/2025 - 13:20
    +1

    Anyone know if any of these banks support split loans for debt recycling?

    • asdfasdfasdfasdf on 29/09/2025 - 13:51

      Keen to know this too.

      • soan papdi on 29/09/2025 - 13:56

        I'm considering IMB and a cursory look shows that they support loan splits

    • Corza000 on 29/09/2025 - 14:37

      IMB did a split loan for me

    • zfind on 29/09/2025 - 22:53

      ANZ does splits, just set one up myself. Doing debt recycling but it’s manual, there’s no automated process as such.

  • soan papdi on 29/09/2025 - 13:25

    Anyone who's been with Me Bank or IMB, how has your experience been, specifically customer service and internet banking?

    • Corza000 on 29/09/2025 - 13:34
      +4

      IMB was great for me. No complaints with the app and the few times I contacted customer service I spoke to a real person fairly quickly.

      • asdfasdfasdfasdf on 29/09/2025 - 13:54

        Did you get any cashback? If so, how long did it take?

        • Corza000 on 29/09/2025 - 14:36
          +3

          Yes it took 5 weeks

    • asdfasdfasdfasdf on 29/09/2025 - 13:51
      +6

      I'm with ME bank because I was chasing the cashback. Honestly, their systems are painful and looks like a website from the 00s. No OSKO is annoying, but I don't mind since I use credit card mostly and keep some cash in my main account.

      The good news is, they're moving mortgage accounts into the ME Go banking system (where the actual ME bank transaction accounts live), and that is far better with osko etc.

    • Vorsprungdurchtech on 29/09/2025 - 19:44

      IMB was a fully paper process.

      Took weeks, like 6 weeks from memory.

      Oh and every transaction out of redraw needed both signatories every time.

      • soan papdi on 29/09/2025 - 20:51
        +2

        IMB was a fully paper process.

        Current one seems online only, hope I'm right. $4000 isn't enough to make me go through a paper application.

        • Vorsprungdurchtech on 30/09/2025 - 13:37
          +1

          They assign a person just to my account for onboarding also, I wonder if they had a digital process all along, but I don’t recall they did.

          If they do know then that’s way better if your digitally inclined.

      • kcome on 01/10/2025 - 14:02
        +1

        I just had a refi to IMB in past 3 months. All proceeds are digital except for first time branch visit (non mandatory). ID verification digital, documents sent via email, signing of offer on docusign. Nothing is paper-based. My re-fi completes in 2weeks excluding settlement wait (just another 10days caused by previous lender). Redraw requires 2 approvals, can be done on the app or website.

        • Vorsprungdurchtech on 01/10/2025 - 14:49

          That’s great re digital.

          Their manual onboarding for me was terribly slow, even insisted on coming to the house to sign papers like it was 1970 haha

  • jollygreengiant on 29/09/2025 - 13:29

    Also, Qantas home loans are offering 100,000 QFF points every year for the life of the loan.

    • prankster on 29/09/2025 - 14:00

      link?

        • Deal finder on 29/09/2025 - 15:14
          +1

          Interest rate is quite high

          • Tommyaka on 06/10/2025 - 02:59

            @Deal finder: For an owner occupied, principal + interest variable rate, the rate is 0.09% higher than what CBA is offering in this post.

            For the average home loan of about $700k, this is about $630 in extra interest each year. If you use your QFF points on Classic Rewards Flights, you'll probably get about 1.5 cents of value per point, which is about $1,500 in value each year.

            As long as your home loan is less than about $1.65 million, then you should be getting more valuable out of your QFF points than what you are paying in higher interest.

            What's even better is if your property or properties are an investment then you'd be getting tax deductions on your interest, which is effectively subsidised QFF points.

            • Deal finder on 07/10/2025 - 07:40

              @Tommyaka: Why are you comparing this with only CBA? Greater bank is offering 5.19% which will be close to $1,700 per year cheaper than Qantas

              • Tommyaka on 07/10/2025 - 10:00

                @Deal finder: Unfortunately I didn't have time to compare against every single lender, so I compared with the only other lender in this deal that is offering QFF points.

                You're correct that Greater Bank may be the better deal for those with home loans over $700k.

    • littlesoldier on 29/09/2025 - 14:51

      will suggest better to wait for another round of bonus points campaign
      did 2 loans with Qantas money early this year and earned extra 50k points per loan (so 150k points for first year, and 100k points for every year thereafter)

    • MaxHashrate on 29/09/2025 - 15:20

      Is there a minimum loan amount for the 100k points? Can't seem to find it

      • Wimma on 29/09/2025 - 15:40
        +1

        was $300k last year

  • zacsg1 on 29/09/2025 - 13:49
    +1

    Can't see anything available with more than 2k cashback for me unfortunately, $261k remaining on my mortgage.

    • soan papdi on 29/09/2025 - 13:51
      +7

      You're in a good spot with a low outstanding amount, well done.

      • prankster on 29/09/2025 - 14:00

        and probably has a house worth 1.5 mil ;)

        • zacsg1 on 29/09/2025 - 14:52
          +4

          1/3 that value actually haha my 95% loan was 335k to start some 4 years back.

          • prankster on 30/09/2025 - 13:09
            +2

            @zacsg1: I know was just making a joke about it being 1.5 million coz bloody hell how prices are increased so much nowadays 😵‍💫 I wish I got into the property market 20 years ago instead of lately 😢

      • zacsg1 on 29/09/2025 - 14:53
        +1

        Thanks!

    • WhyAmICommenting on 29/09/2025 - 14:07
      +2

      IMB will give you $2k

      Cashback Payment for loans valued between $250,000 and $499,999 is $2,000, Cashback Payment for loans valued between $500,000 and $749,999 is $3,000, and Cashback Payment for loans valued $750,000 and over is $4,000.

    • Wimma on 29/09/2025 - 15:41
      +3

      you can borrow more and just sit it in the offset. Worth it if it can get you a better rate/cashback.

      • zacsg1 on 29/09/2025 - 17:26

        Interesting, I'll look into that. Thanks

  • the swear jar on 29/09/2025 - 13:55

    Just refinanced to Credit Union SA on $2000 cashback. Feeling a bit ripped off now if I could have got $4000

    • soan papdi on 29/09/2025 - 13:58
      +1

      IMB bank T&C Says

      Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 18/10/24 until Offer is withdrawn. Purchase loans must settle within 180 days of application and refinanced loans must settle within 90 days of application.

      What's stopping you from refinancing once your cashback arrives?

      • OzBrogains on 29/09/2025 - 16:59

        Nothing, but it'll be obvious from a credit report that someone is a frequent churner. Anecdotally people on Whirlpool have been pushed back on loans because it didn't take a genius to know what they're doing.

        If you refinance just for a cash back just know there's a risk you won't be able to refinance away easily and you'll be stuck on a crappy interest rate.

        • kcome on 01/10/2025 - 14:16

          I am curious to explore more here.
          Yes credit report can show you are frequent refinancer, however I just wonder will ALL lenders resist the temptation of getting a new people onboard? I am talking about max 2-3 refi per year even just for cashbacks. Put yourself/myself on a banker or lender's position, what's stopping me from helping this customer onboard with just first signup commission incentive only because the borrower might leave within 6-12months.

          I'm trying to find if i miss something important here.

    • Wat on 29/09/2025 - 19:37
      +1

      I failed to find reference to $4,000 cashback. But managed to find reference to $2,000 at https://www.creditunionsa.com.au/loans/home-loans/2000-cashb….

      Did you just refinanced and cashback happens automagically, or is there a special procedure to go through? Thanks.

      P.S. I just spotted this requirement on https://www.creditunionsa.com.au/loans/home-loans/2000-cashb… "A current or retired employees of the South Australian Education Community, students carrying out studies in education, or their eligible immediate family member1 as a part of our Knowledge Counts banking benefits." If $4,000 cashback require the same, then it's a no go.

  • Kim88 on 29/09/2025 - 14:03

    This may be a dumb question but if you have a $500k mortgage (fully offset) is it worth looking for a cashback offer or do none of these accounts have offsets

    • soan papdi on 29/09/2025 - 14:35
      +2

      Calculate the gain after discharge from current lender, charges from new lender, package fee for offset, etc. See if the gain is worth the pain of paperwork but technically there's no reason to not refinance

      • duchy on 29/09/2025 - 16:20

        Spot on.

        As a side note I am not sure if I'd feel happy to have $500k sitting in my offset bank account. Government guarantee is $250,000 AUD per account holder.

        • soan papdi on 29/09/2025 - 17:08
          +2

          https://moneysmart.gov.au/glossary/australian-government-gua…

          Refers to the Financial Claims Scheme (FCS) which provides protection to depositors of up to $250,000 per account-holder per authorised deposit-taking institution (ADI) (bank, building society or credit union) in the event of the ADI failing. For joint accounts, each account holder is entitled to the $250,000 guarantee.

        • Vorsprungdurchtech on 29/09/2025 - 19:47

          You also wouldn’t owe the loan to be fair

  • brendanm on 29/09/2025 - 14:05
    +3

    Anyone tried doing this and taking a larger loan than you need to be able to get the higher cash back, then just sticking the extra back into the loan? Or do they get upset about this?

    • JHoliday on 29/09/2025 - 14:16
      +1

      You can but you need to justify why you need the additional funds

      ie. plan to renovate, buy new furniture, go on a holiday, etc

    • donotuse on 29/09/2025 - 15:35

      Can do this as long it's within your borrowing capacity and LVR.

      A good reason for doing this is "investing in shares and ETFs" but they usually won't follow up on that.

      • brendanm on 29/09/2025 - 17:43

        Both of those should be easy, lvr is under 30%. Might have to chase up a broken to sort it out.

      • heineken016 on 30/09/2025 - 14:26
        +3

        had a funny experience with regional australia bank a while back.

        wanted to withdraw ~150k extra for some renos next year. couldn't do it without fully approved and signed contracts from builders, milestone payments, etc etc.
        reason being, you are risking the underlying asset if the costs blow out like they always do, and you end up out of cash and half finished. fair enough I guess.

        changed tack and tried the 'invest in etfs' approach. Needed agreed investment plan from an investment advisor, etc etc.

        had a great customer service agent who was able to help me out. Basically, I had ot ask for 100k only, and say i wanted to blow it all on cars and holidays.
        Immediate approval. what a time to be alive.

    • ausmisc on 29/09/2025 - 20:50
      +2

      Had no issue doing that with St George last time. I was under the $250k minimum but just said I wanted to increase my loan for renovations.

  • uAware on 29/09/2025 - 14:18

    Who of these lenders have generally lowest rates?

    • jaimex2 on 29/09/2025 - 15:43
      +1

      None of the rates are good. Get the cashback and churn.

      • zfind on 29/09/2025 - 22:56

        Churning a home loan seems (feels?) a lot heavier than switching NBN provider or PHI. The whack to the credit file alone must mean you can’t be doing this too often lest you nuke your credit for other stuff (I.e. credit card churning).

        Do you have any tips for how long to wait?

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