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Cashback home loan deals in March 2025


The Reserve Bank of Australia (RBA)cut the cash rate by 0.25 percentage points, prompting many lenders to lower their home loan interest rates. If you have a variable-rate mortgage, this could mean lower monthly repayments in the coming months.
Why you may consider refinancing?
Even with a rate cut, your current home loan may not be the most competitive option available. Refinancing to a lower rate or switching to a loan with better features could help you:
✔ Reduce your monthly repayments
✔ Cut down on interest costs over time
✔ Free up cash flow for other financial goals
However, refinancing isn’t just about chasing a lower rate. Consider factors like fees, loan flexibility, and features such as offset accounts or redraw facilities that align with your needs.
Cashback offers for refinanciers
To attract borrowers, some lenders offer cashback deals to refinancers. At the time of writing, there are 10 lenders offering cashback deals, with the majority of offers for refinancers only. These cashback incentives typically range from $2,000 to $4,000, depending on the loan you choose. There may also be some additional conditions for earning the cashback. However, borrowers can typically use the cashback as they like. For instance, you could use the money for covering refinancing costs, making some improvements around the house, or boosting your offser account balance.
Getting some money back into your pocket while you switch to a better deal surely sounds lucrative, but it shouldn't be the only reason to refinance. Besides checking for any available cashback deals, it’s just as important to assess the interest rate, loan features, and fees to ensure refinancing actually delivers the savings you’re looking for. Comparing your options carefully can help you find a loan that truly benefits your financial situation in the long run.
Cashback offers available in March 2025
Lender | Cashback | Refinancers | New loans | Notes |
---|---|---|---|---|
ANZ* | $2,000 | Yes | Yes | Available for both Refinancers and New Loans (first home buyers only). Cashback of $3,000 for first home buyers only. |
ANZ Plus | $2,000 | Yes | No | Only for Refinancers. |
BankVic | $3,000-$4,000 | Yes | Yes | Available for both Refinancers and New Loans. The $4,000 cashback exclusive to police employees. |
Bank of China | $3,288-$2,000 | Yes | Yes | Available for both Refinancers and New Loans. Cashback of $3,288 for Refinancers and $2,000 for New Loans. |
ME Bank | $3,000 | Yes | Yes | Available for both Refinancers and New Loans. |
Greater Bank | $2,000-$2,500 | Yes | No | Only for Refinancers. |
IMB | $2,000-$4,000 | Yes | Yes | Available for both Refinancers and New Loans. |
Newcastle Permanent | $2,000-$3,000 | Yes | Yes | Available for both Refinancers and New Loans. |
Regional Australia Bank | $2,000-$4,000 | Yes | Yes | Available for both Refinancers and New Loans. |
Police Bank | $2,000-$4,000 | Yes | No | Only for Refinancers. |
*For New Loans - FHB only
Source: RateCity.com.au. Data accurate as of 05 March 2025. Value of cashback you may be offered will vary depending on the lender's eligibility criteria.
Compare home loans in Australia
5.74%
5.65%
$3,143
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 20% min deposit
- P&I
5.84%
5.86%
$3,173
Australian Credit Licence 230686
Fees & charges apply
Products issued by ubank, part of NAB
- Promoted
- Special
- Owner Occupied
- Variable
- 40% min deposit
- P&I
5.79%
5.83%
$3,158
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 10% min deposit
- P&I
5.74%
5.75%
$3,143
Australian Credit Licence 496431
Fees & charges apply
- Promoted
- Special
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.04%
5.95%
$3,234
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Special
- Investor
- Variable
- 20% min deposit
- P&I
5.69%
5.95%
$3,127
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
6.84%
6.84%
$3,483
Australian Credit Licence 234527
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.70%
6.90%
$2,792
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 20% min deposit
- Interest Only
6.95%
6.64%
$2,896
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 40% min deposit
- Interest Only
6.49%
7.05%
$2,704
Australian Credit Licence 234527
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Fixed 2 years
- 10% min deposit
- Interest Only
7.21%
7.02%
$3,004
Australian Credit Licence 230686
Fees & charges apply

Tailored Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
7.54%
7.24%
$3,142
Australian Credit Licence 234527
Fees & charges apply

Standard Variable Loan
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Product database updated 26 Mar, 2025
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Promoted home loans

Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.74%
Comparison rate* p.a.
5.65%
Australian Credit Licence 234945
Fees & charges apply

Neat Home Loan
Real Time Rating™
- Special
- Owner Occupied
- Variable
- 40% min deposit
Interest rate p.a.
5.84%
Comparison rate* p.a.
5.86%
Australian Credit Licence 230686
Fees & charges apply

Variable Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
5.79%
Comparison rate* p.a.
5.83%
Australian Credit Licence 395219
Fees & charges apply

Live-in Variable Home Loan
Real Time Rating™
- Special
- Owner Occupied
- Variable
- 10% min deposit
Interest rate p.a.
5.74%
Comparison rate* p.a.
5.75%
Australian Credit Licence 496431
Fees & charges apply
Product data updated on 26 Mar 2025