REFINANCE CASHBACK
You’ll be able to offer this to your customers for new eligible refinances to NAB of $250,000 or more from 7 September 2020 until the time the offer is withdrawn.
Eligibility Criteria:
- To be eligible for the $2,000 NAB Home Loan Refinance Cash Bonus (Cash Bonus), customers need to be refinancing an existing loan of $250,000 or more and hold a NAB transaction account at the time of drawdown. Specifically, customers need to meet the following criteria to be eligible for the Cash Bonus:
- Customers must refinance an existing home loan with another financial institution to NAB.
- The amount being refinanced must be $250,000 or more, and drawdown must occur from 7 September 2020 until the time the offer is withdrawn (Offer Period).
- The primary applicant must have a NAB transaction account open at the time of drawdown in order to receive payment of the Cash Bonus and this will be paid automatically within 90 days of drawdown.
- The offer is available to individual applicants who are owner-occupiers or investors, and excludes refinances of First Home Loan Deposit Scheme loans, non-residents, businesses, trusts and other non-natural persons.
- The offer is available on all NAB Home Loan products excluding lines of credit, the NAB Portfolio Facility, the NAB Private Portfolio Facility and loans for building and construction purposes.
- The offer is only available on refinances from another financial institution (excluding NAB, UBank, Medfin or Advantedge home loans) and is not available for refinances into UBank, Medfin or Advantedge home loans.
- The offer is only available once per customer within the Offer Period. If a customer refinances more than one loan, they will only receive the Cash Bonus once.
- Where there is more than one borrower, the Cash Bonus is payable only to the primary borrower. If any of the borrowers have received the Cash Bonus in the Offer Period, no further Cash Bonus will be payable on any future refinance where that individual is a borrower.
The important detail:
- Any other product offers from NAB (including the Base Variable Rate Application Fee Waiver or Credit Card offers that are made by NAB from time to time) are independent from this NAB Home Loan Refinance Cash Bonus offer and customers can benefit from multiple NAB offers (subject to the eligibility criteria and terms and conditions of those other offers).
- A variation of an existing NAB Home Loan with no new lending over $250,000 which results in a new account number does not qualify as an eligible refinance for the purposes of the Cash Bonus.
- Terms, conditions, fees, charges, eligibility criteria and lending criteria apply for all NAB products (available on request).
- NAB may vary or withdraw this Cash Bonus offer at any time without notice.
