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 (883 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

                • yummypinacolada on 02/10/2025 - 15:15
                  +1

                  @BYONG: Definitely you can't do this with any broker, they only got commision once you stay with the bank for a year or sometimes more. So they will definitely advise not to refinance before they got their commision

                • jaimex2 on 03/10/2025 - 23:14

                  @BYONG: Just do it myself. Call up the bank and get it started.

  • Dyl on 29/09/2025 - 15:59

    Qantas money 100k Qantas points a year for home loans, pretty average interest rates

    Not a sign up bonus but decent ongoing benefits for loyalty

    QFF points have been devalued a lot now though

  • BlackIron2 on 29/09/2025 - 16:17

    How about Border Bank, they are offering 3k cashback too for refinancing. Looks like they are part of the Police Bank group

  • bumpyhead on 29/09/2025 - 17:14

    seems like the MeBank offer already expired: "Apply from 15/06/2024, and settle within 120 days of the loan application date"

    • FXD on 01/10/2025 - 17:54
      +1

      It hasn't expired, that just means the offer is open from 15 June, and once you apply you need to settle within 120 days. So if you apply on 2 October you have to settle by 30 January.

      • bumpyhead on 01/10/2025 - 18:05

        deadset, I read that like a galah

  • Smilence03 on 29/09/2025 - 17:20

    Would the offers be valid still if the loan account is fully offset when refinancing?

    • soan papdi on 30/09/2025 - 07:30

      Offset is your money and will remain untouched even after refinancing. The outstanding loan is what matters

      • JohnHowardsEyebrows on 30/09/2025 - 08:07

        But surely the banks aren't blind to your circumstances when applying? Also, Qantas Money won't give you the annual 100k points if you've offset more than 70% or so of the balance.

        • soan papdi on 30/09/2025 - 08:11

          Qantas may have that crapy rule but most lenders don’t.

          New lender cannot see your current offset balance. You have no obligation to tell new lender you’re going to fill the offset after refinance. If you’re worried, just wait a week or two after settlement before filling your offset again.

          • JohnHowardsEyebrows on 30/09/2025 - 09:01
            +1

            @soan papdi: But they can easily enough work out if you are offsetting things when you apply to switch. They need your transaction account statements, which are probably called offset account, and they can see the difference between implied interest chages and actual.

        • kcome on 01/10/2025 - 15:00

          I just like your handle name…

  • hdus002 on 29/09/2025 - 17:21

    Wonder if Westpac would come around too, I have a loan settling soon.

  • Kegsta on 29/09/2025 - 17:27

    Currently refinancing away from Aussie to Summerland via Reduce and all has been very fast and smooth so far. 5.19% $3000 cashback for 500k basic loan.

    I found it strange that summerland allows Reduce to advertise thier product at a lower rate than thier own website as I would have gone to the bank directly rather than through a broker and the bank would have saved on the broker fee.

    • SmashedMango on 29/09/2025 - 20:19

      Does this come with offset?

      • Kegsta on 29/09/2025 - 21:16

        Nah just basic variable with redraw <60% LVR

  • yoogz on 29/09/2025 - 18:10
    +1

    Can anyone comment on how these banks fare with their mobile/web app? Doesn't need to be amazing, just usable

    I'm currently with ING and Macquarie, and like both of their digital experiences - but a bit scared to churn away after experiencing some terrible apps in my time (St George)

    I realise I don't care enough to churn to a bank and deal with massive headaches just to save a few hundred dollars

  • donman92 on 29/09/2025 - 18:25

    I sense the banks might be encouraging the masses to take out their first home loan with only 5% deposit. In the end, the house always wins.

  • tc423 on 29/09/2025 - 18:26

    How often can you change lender

    • soan papdi on 29/09/2025 - 18:44
      +1

      As of as you want. Some feel it affects future borrowings but that's debatable: https://www.ozbargain.com.au/comment/16948211/redir

      • freeb1e4me on 29/09/2025 - 21:17

        Interesting. They suggest you might be stuck with a crap interest rate if you can’t churn out. This is probably true if you churn regularly on cash back refinance deals - especially back and forth with the same banks - and less so for regular refinancing I suspect.

        • OzBrogains on 30/09/2025 - 15:47
          +1

          Most if not all banks have T&C's saying you can't be have held a loan with them over the past 12 months to be eligable for a cash back.

  • sqheaven on 29/09/2025 - 19:04

    Do you guys keep the term of reset it at refinance?

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

      Best for you to keep the term as long as you can service the loan with the new interest rate - best for the bank to draw out the loan term.

      • MortgageBrokerBen on 30/09/2025 - 13:12

        It doesn't really matter depending on the bank you can pay extra repayments to suit the loan term you want, it's something I've done with my clients

  • 1st-Amendment on 30/09/2025 - 07:52
    +2

    One thing to be aware of, The APRA financing rules changed after the Covid hysteria, so what the majors will allow you to borrow prior to that was higher than it is now.

    So you might go to refinance and find they won't approve the same amount of credit as you already have now. I even asked my bank to simply consolidate my current mortgages into one for easier management and they said that would trigger a new loan process, and the new rules won't accept my current income-to-debt ratio even though I've had them for 10 years and have been paying way above the minimum for the life of the loan. None of that matters, the rules are the rules! And those rules are there to protect me apparently…somehow… Go rules!

  • SydBoy on 30/09/2025 - 07:56
    +1

    Just need Westpac to join the race !

      • SydBoy on 03/10/2025 - 16:10

        Thanks but it upfront cost more than $1500 depending upon state and loan amount to transfer to new lender so all this low rate not useful if the don't give reward to transfer.

        This lower rate should be for existing borrower to keep them with Westpac.

    • Moo Deng on 30/09/2025 - 13:34

      Seems like the best of the lot?

      Only $300,000 loan and $4,000 cashback? Am I reading that correctly?

      • TKnight on 30/09/2025 - 14:46

        only for >80% LVR

        • Wat on 30/09/2025 - 20:20

          Does that mean LMI needs to be paid?

    • kcome on 01/10/2025 - 15:07

      I found their icons outer rim not perfectly round… bothers me…

  • MrThing on 30/09/2025 - 09:21

    so 300k qantas points is worth about tree.fiddy these days

  • jemusah on 30/09/2025 - 10:21

    Some of these offers have been around for a while, Newcastle, ME and Greater Bank come to mind. Sometimes brokers will provide an extra cashback which can stack on top. Compare The Money had a $2.5K offer this year which I stacked with the ME bank offer. Somewhat smooth process but it did take a while. As other users commented the app and its features are annoying and outdated so Ill be looking to churn again soon.

  • MortgageBrokerBen on 30/09/2025 - 13:10

    You forgot ANZ bank 3K cash back for first home buyers

  • hattori9x on 30/09/2025 - 21:52

    I have just refinanced with CBA last week :(. Does anyone know if they will honour this promo?

    • Ash-Say on 02/10/2025 - 17:09

      You must apply online to obtain Qantas point. How did you apply?

  • sydneybargainer on 01/10/2025 - 11:26

    is there a lender who is offering 4.5% for 1 year fix?
    I can find 4.65%.

  • soan papdi on 01/10/2025 - 21:57
    +1

    For those looking at IMB, they charge application fee of 799, title fee of 125. Your current lender will charge 350 or more for discharge. A 2K cashback doesn't seem worth it at all

    • kcome on 02/10/2025 - 11:03
      +2

      @soan papdi, I got my application fees all waived just recently. Maybe a talk to the lending banker you might get the waiver too.

      • san87 on 03/10/2025 - 23:22

        Which bank did you get the application fee waived at?

        • kcome on 04/10/2025 - 06:56

          We are talking about IMB, aren’t we?

          • san87 on 04/10/2025 - 09:54

            @kcome: Yes we're talking about IMB.

            Were you able to have both the application and mortgage processing fees waived?

            • kcome on 04/10/2025 - 15:57

              @san87: Yes I got both application fee and processing fees waived. In my refinance there is no fees charged from IMB (only discharge fee from previous lender and government charge for loan unreg/reg fees). If you need, PM me I will send you the banker details I used.

  • lanceteer on 01/10/2025 - 23:14

    Has anyone had experience with Greater Bank? How easy was the application process, and what's their online banking experience like?

    • kcome on 02/10/2025 - 11:05

      I’ve contacted them early last year, I always sent them whatever they need within 12h, but got response in about 4-5 business days. In the last email I even don’t get a response at all. Quite disappointed at them.

      • Ash-Say on 02/10/2025 - 17:06
        +1

        I did refinancing back in August and it was a smooth process. Biggest pain is to upload all documents through their portal as they don't accept documents via email. My loan manager (Greater Bank employee) even matched their online cashback of $2500.

        It's been 2 months and she still efficiently helps with any enquiries.

        PM if you need details of person who managed my loan.

        • hohoisme on 04/10/2025 - 21:12

          Can I have the details?

  • The8guy on 02/10/2025 - 11:07

    Does anyone know what are the rates being offered by these banks? looking at refi and a loan with offset account

    • soan papdi on 02/10/2025 - 11:16
      +1

      Have you clicked through to the products in the description?

      • The8guy on 02/10/2025 - 14:41

        I have and the rates aren't really the best, might have to speak to their broker to nego for a better rate than advertised

  • Nonce on 02/10/2025 - 15:38

    cant apply to any

    damn me and my frugal ways paying off my mortgage….

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