Buying guide
Home loan cash back: a guide for home buyers & refinancers
Beware the free money
AI summary
Home loan cashback is a cash payment from a bank, typically 0.6% to 1% of your loan, offered to new customers and those refinancing. This lump sum is paid on settlement day for you to use as you wish.
The main condition is the clawback period, usually 3-4 years. If you sell, repay the loan, or refinance within this time, you must repay a portion of the cash. Always compare the total loan cost against the cashback benefit.
How much is home loan cashback?
Examples of cash back amounts (0.8% cashback)
(This is just an example - actualy cashback ammounts may vary)
What can I do with the cash?
Who’s eligible for a home loan cash contribution?
Cashback can make a big difference.
Beware the claw back period
How to compare loans with mortgage cashbacks
Can I get a mortgage cashback if I already have a mortgage?
Have you refinanced to get cashback lately?
Are mortgage cashbacks worth it?
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