- Home
- Home Loans
- News
- Cashback home loan deals in April 2025
Cashback home loan deals in April 2025
The Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.10% in its April meeting, leaving borrowers wondering whether more cuts are still on the cards. The answer may be yes, especially in light of the global uncertainty sparked by renewed tariff threats from U.S. President Donald Trump.
While Australia is well placed to handle the direct impact, Treasurer Jim Chalmers has cautioned that broader global shifts could slow economic growth and slightly lift inflation. In response to these developments, ANZ—previously the only big four bank expecting just one cut this year—has revised its forecast to three rate cuts in May, July and August, each by 25 basis points.
If that plays out, the cash rate could fall to 3.35% by August.
While you wait for future rate cuts, some lenders are already offering sharper deals following February’s cash rate cut. It could be worth comparing your options now to see if you’re getting the best possible value.
Cashback deals for refinancers
To win over new customers, some lenders are offering cashback incentives for borrowers who refinance. At the time of writing, around 10 lenders have active cashback offers—most of which are aimed at refinancers. These typically range between $2,000 and $4,000, depending on the lender and the loan size.
Cashback can be used however you like—whether that’s covering refinancing costs, boosting your offset account, or tackling household expenses. But while these offers can be appealing, they shouldn’t be the only reason to switch.
To get the most from refinancing, look beyond the cash and compare interest rates, fees, and features. A well-matched home loan could save you far more over the long term than a one-off incentive.
Cashback offers available in April 2025
| Lender | Cashback | Refinancers | New loans | Notes |
|---|---|---|---|---|
| ANZ* | $2,000 | Yes | Yes | Available for both Refinancers and New Loans. Cashback of $3,000 for first home buyers only. |
| ANZ Plus | $2,000 | Yes | No | Only for Refinancers. |
| BankVic | $3,000 | Yes | Yes | Available for both Refinancers and New Loans. |
| Bank of China | $2,000-$3,000 | Yes | Yes | Available for both Refinancers and New Loans. Cashback of $3,000 for Refinancers on $1M and above loan amount. Cashback of $2,000 for New Loans and Refinancers on $400k+ loan amount. |
| ME Bank | $3,000 | Yes | No | Only for Refinancers. |
| 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 03 April 2025. Value of cashback you may be offered will vary depending on the lender's eligibility criteria.
Compare home loans in Australia
5.24%
5.15%
$2,993
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 20% min deposit
- P&I
5.54%
5.58%
$3,082
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 10% min deposit
- P&I
5.64%
5.66%
$3,112
Australian Credit Licence 230686
Fees & charges apply
Products issued by ubank, part of NAB
- Promoted
- Special
- Owner Occupied
- Variable
- 40% min deposit
- P&I
5.49%
5.85%
$3,067
Australian Credit Licence 237856
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 30% min deposit
- P&I
5.44%
5.35%
$3,053
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Special
- Investor
- Variable
- 20% min deposit
- P&I
5.69%
6.05%
$3,127
Australian Credit Licence 237856
Fees & charges apply
- Promoted
- Investor
- Variable
- 30% min deposit
- P&I
5.34%
5.67%
$3,023
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
6.45%
6.65%
$2,688
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 20% min deposit
- Interest Only
6.14%
6.08%
$2,558
Australian Credit Licence 244616
Fees & charges apply
- Promoted
- Cashback
- Investor
- Variable
- 20% min deposit
- Interest Only
6.99%
7.01%
$3,531
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Investor
- Variable
- 20% min deposit
- P&I
6.76%
6.57%
$2,817
Australian Credit Licence 230686
Fees & charges apply
Tailored Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- Interest Only
7.79%
7.65%
$3,246
Australian Credit Licence 234527
Fees & charges apply
Standard Variable Investment Loan
- Cashback
- Investor
- Variable
- 10% min deposit
- Interest Only
Product database updated 13 Aug, 2025
Share this page
Get updates on the latest financial news and products
By continuing, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.
Promoted home loans
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.24%
Comparison rate* p.a.
5.15%
Australian Credit Licence 234945
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
5.54%
Comparison rate* p.a.
5.58%
Australian Credit Licence 395219
Fees & charges apply
Neat Home Loan
Real Time Rating™
- Special
- Owner Occupied
- Variable
- 40% min deposit
Interest rate p.a.
5.64%
Comparison rate* p.a.
5.66%
Australian Credit Licence 230686
Fees & charges apply
Total Home Loan Package Special
Real Time Rating™
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
5.49%
Comparison rate* p.a.
5.85%
Australian Credit Licence 237856
Fees & charges apply
Product data updated on 13 Aug 2025
