Ultimate Home Loan Variable Refinance Cashback $4000 (Min Loan $300,000, >80% LVR, $395 Annual Fee) @ Queensland Country Bank

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Ultimate Home Loan Variable Refinance Cashback $4000 (Min Loan $300,000, >80% LVR, $395 Annual Fee) @ Queensland Country Bank
Go to Deal
k15866 on 12/12/2025 - 10:35 queenslandcountry.bank (257 clicks)
Last edited 19/12/2025 - 15:23 by 1 other user

Just in my regular refinance cashback searching I found this. I haven't used this bank of offer before. Apparently member owned and maybe also a credit union. Google tells me they have Osko payments and maybe partnership with rediATM.

The annual fee is annoying but if you refinance every year, then not that big a deal with the cashback.

I'd be interested in hearing if anyone has experience with this bank from outside of QLD

Terms & Conditions

ELIGIBILITY CRITERIA
5. You are eligible to participate in this Offer if:
a. You apply between 4 August 2025 and the date the Offer is withdrawn.
b. You are the Applicant for the home loan.
c. The loan purpose is:
i. to purchase a residentially secured home or investment property; or
ii. or refinance, from another financial institution, a residentially secured home or investment property.
d. You have a Loan to Valuation Ratio (LVR) greater than 80%, and you either:
i. are eligible for a loan under schemes operated by Housing Australia; or
ii. are subject to Lenders Mortgage Insurance acceptable to QBE.
e. The loan is part of the Ultimate Home Loan Package, which is subject to the applicable annual fee.
f. The loan repayment type is Principal & Interest, or for investment loans, Principal & Interest or Interest Only.
g. Your purchase or refinance home loan application is received during the offer period via the Queensland Country Branch Network, Contact Centre, Online, Business Banking teams, or Broker Network and settles within 60 days of the loan application date.
h. The minimum loan amount is $300,000.00.
i. You are an Australian permanent resident aged 18 years or older. The Offer is not available to non-individual applicants.
j. You do not fall under any Exclusions applicable to this Offer.
k. The Applicant(s) must have an Eligible Queensland Country Account in the name of the Applicant(s) at the time of settlement/refinance to receive this offer.
l. You have not previously successfully applied to participate in this Offer, or redeemed an Queensland Country home loan offer or promotion, or received a rebate or benefit from Queensland Country within the 12-month period prior to applying for this Offer.

Financial Cashback Home Loan Loan Refinance

Related Stores

Queensland Country Bank
Queensland Country Bank

Comments

Search through all the comments in this post.
  • shyamsundar87 on 12/12/2025 - 10:48
    +1

    Keen to hear if anyone refinanced with QCB from NSW? Thinking to switch from westpac.

    • ozgameboy on 12/12/2025 - 11:00
      +1

      Same here. Any experience shared would be appriated.

  • rarelyscene on 12/12/2025 - 10:53
    +5

    “ d. You have a Loan to Valuation Ratio (LVR) greater than 80%, and you either:
    i. are eligible for a loan under schemes operated by Housing Australia; or
    ii. are subject to Lenders Mortgage Insurance acceptable to QBE.”

    Guessing this makes it untenable for most people.

    • k15866 on 12/12/2025 - 11:33

      Thanks, I guess I missed this key part
      have made it bold as this is different to standard terms imo

  • TaurusHead on 12/12/2025 - 10:54

    You guys do it on your own or you use broker, as with brokers you can't really churn around.

    • a1234my on 12/12/2025 - 11:51

      as with brokers you can't really churn around.

      why? I assume broker would like you to move too.

      • star-ggg on 12/12/2025 - 12:40
        +1

        only every 2 years as they lose their commission otherwise. < 1 year lose 100%, < 2 years lose 50%.

  • soan papdi on 12/12/2025 - 10:55
    +1

    I tried refinancing with IMB bank 2-3 months back and the amount of paperwork was insane, gave up after 2 weeks. Anyone have feedback about this bank's processes?

  • foxes28 on 12/12/2025 - 10:56

    Key information
    Document and Establishment fee $50
    Annual fee $395
    Discharge fee $450

  • Jolakot on 12/12/2025 - 10:59
    +6

    I tried this earlier, don't bother.

    The 'cashback' is really just a $4k discount on LMI, there is basically no scenario where you walk away with a profit.

    They were unsure if I'd still get the cashback with an LMI waiver, which tells you all you need to know.

    • realaccount627465746 on 12/12/2025 - 11:10

      Damn, many cashback offers require a loan over $400k this one was looking good to me.

      • Jolakot on 12/12/2025 - 11:47

        Same here, seemed like a goldilocks offer, but they clearly don't want churners. Was tempted to post this as a deal when I first came across it, but too many downsides.

        Only way to profit would be Housing Australia scheme, or LMI waiver if they did accept it. Even then, the fees and higher rate will erode your cashback over ~3 years.

        Annoying mob to deal with as well, called up and had a 30 minute chat with an on-shore Australian based (could hear magpies in the background) customer service rep who took down all of my details and walked me through the process, good experience.

        But they promised the loan team would call me before the end of the week to start the process, yet didn't call me until Wednesday. Even worse they had none of the information or details I provided to the customer service person at hand, and had to start from scratch.

        They seemed pretty pissed off that I was interstate and just there for a cashback deal, not surprised that they pulled it.

        • realaccount627465746 on 12/12/2025 - 13:09

          I'm with greater bank at the moment, they're decent enough so i've been too lazy to churn for a while. They have a cashback offer going.

  • rdhupar on 12/12/2025 - 11:52

    Most crappy bank. Requested a million documents. Sat on it for months. I started another application a few weeks later and settled and they still hadn't reviewed my application. Never going there again. Steer clear.

  • Loki556 on 12/12/2025 - 12:02
    +2

    I don’t think this offer is active, this link is to the old offer document, but the actual page for it on the banks homepage has been taken down.

  • ph81 on 13/12/2025 - 08:38

    We switched from CBA to QCB just recently.
    Yes, there's paperwork and it's a bit old school, but once you're past that it's easy sailing.
    For example, I needed a bank cheque. Rang up the day before to ask about cost etc and they indicated there is no cost and went in the next afternoon and they did it on the spot. Easy as.
    Since then it's been painless.

    • Bullion78 on 04/01/2026 - 12:22

      Did you get cashback?

      • ph81 on 04/01/2026 - 15:45

        No cashback.

  • hesdreaming01 on 05/01/2026 - 16:28

    Just spoke with QCB - no cashback on this

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