REFINANCE REBATE

The home loan refinances cashback offers from Westpac for eligible applications received by Wednesday 30 June 2021 and settled by Thursday 30 September 2021:

  1. The $2,000 Refinance Cashback2 offer for Flexi First Option Home Loans and loans with the Premier Advantage Package1.
  2. The Bonus $1,000 Refinance Cashback2 for initial applications, on loans with a maximum LVR of 80%.

Eligibility Criteria:

  • $2,000 Refinance Cashback for new Owner Occupier and Investment Property refinance applications received from Monday 23 September 2019 to Wednesday 30 June 2021 and settled by Thursday 30 September 2021.
  • Only 1 Refinance Cashback per property refinance will be paid regardless of the number of loans involved.
  • $1,000 Bonus Refinance Cashback with a maximum LVR 80% for new Owner Occupier and Investment Property refinance applications received from Friday 18 September 2020 to Wednesday 30 June 2021 and settled by Thursday 30 September 2021.
  • Only 1 Bonus Cashback will be paid for the initial application regardless of the numbers of customers, properties or applications involved.
  • Available for Owner Occupier Loans (Principal & Interest repayments only) and all Investment Property Loans.
  • Available for Flexi First Option home loans and home loans under the Premier Advantage Package1. $395 annual package fee applies.
  • Minimum loan size of $250,000.
  • Applicants must have a Westpac transaction account linked to the home loan at the time of settlement and in the same name as the home loan account. The transaction account must be kept open for at least 60 days after settlement.
  • Applicants’ home loan repayments must be direct debited from this Westpac transaction account.

The important detail:

The Bonus $1,000 Refinance Cashback2 for loans with a maximum LVR of 80% will be paid on the first application only to eligible customers on top of the current $2,000 Refinance Cashback2.

Standard eligibility criteria and exclusions apply for both the $2,000 Refinance Cashback and Bonus $1,000 Refinance Cashback offer.

This offer is not available for:

  • Equity Access Loans.
  • Switches and refinances of home loans within the Westpac Group which include Westpac, St.George, Bank of Melbourne, BankSA and RAMS.
  • Owner Occupier Interest Only loans.
  • Residential lending originated under a trust.
  • Residential lending under a company name.

Refinance Rebate FAQs:

With Cashback Contribution: