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 banks, typically 0.6% to 1% of your loan, offered to new customers or those refinancing. This lump sum is paid on settlement day for you to use as you wish.
However, these offers include a clawback period of 3-4 years. If you sell, repay your loan, or refinance within this time, you must repay a portion of the cash. Always compare the total loan cost minus the cashback to find the best deal.
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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