Current CashBack Offers

Updated by Caroline Pollard

*PLEASE NOTE*

Always double check with the lender for any changes in the following offers before submitting. Check the dates of application and drawdown.

If you know of any changes or additional offers, please email support@mylocalbroker.com.au

AMP

$2,000 LMI Rebate for New Home Loan Applications

Customers looking for a new owner-occupied or a new investment purchase, if they require Lender's Mortgage Insurance and their LVR is greater than 80% then AMP will provide them with a $2,000 rebate, no matter LMI cost.

Eligibility Summary:

  • No minimum loan amount. Customers must pat LMI to be eligable for rebare. Loan to Value (LVR) must be greater than 80% at settlement to be eligible for the rebate. Offer not available on refinances.
  • Available for applications made between 19th June 2024 and 31st August 2024 (inclusive) which settle on or before 30th November 2024. Offer can be withdrawn at any time by AMP
  • Limit of one $2,000 rebate payment per customer, regardless of the number of applications, applicants, properties or loans involved.
  • For multiple home loan applicants, the AMP Bank account needs to be in the name of at least one of the home loan applicants, and the $2,000 rebate will be paid only once to the applicants jointly.

ANZ
$3,000 First Home Buyers Bonus Offer

Effective from Thursday, 1st December 2022, ANZ is introducing First Home Buyer Bonus for eligible First Home Buyers by offering $3,000 to be paid after settlement to help with home buying costs.

Eligibility Summary:

  • You are an applicant in respect to the application(s)
  • Applicants must take out new lending of at least $250k.
  • Apply from 1st December 2022 until the offer is withdrawn
  • You drawdown that Eligible ANZ Home Loan(s) within 180 days from applying;
  • You have not previously successfully applied to participate in this Offer, or redeemed an ANZ home loan offer or promotion, or received a rebate or benefit from ANZ within the 12-month period prior to applying for this Offer.
$2,000 Cashback on Refinances

Effective Monday, 26th August 2023, the ANZ Home Loans Switching Cashback offer will now be advertised. In order to simplify this offer, there will be no Switching Cashback offer end date, although the Offer may be amended for withdrawn at any time.

Eligibility Criteria:

  • Apply Date - Saturday, 26th August 2023. Note: The Application Date is per the original suvission date upon application creation.. Re-submissions for existing applications do not constitute the application date.
  • Drawdown date: Apply Date + 120 days
  • Minimum loan amount $250,000 or more (New to ANZ lending)
  • Cashback only available for LVR of 80.00% or less.*
  • To ensure your customer receives the cashback payment please ensure you complete the OFI Refinance Payment form and submit via email to ServicingAccountMaintenance@anz.com within 14 days of settlement. An updated form will be available on the Broker Portal

In-flight applications:

  • For applications submitted prior to 10 March 2022, the previous Switching Cashback Discretion applies.
  • For applications submitted on or after 10 March 2022, the new Switching Cashback Discretion applies.

*LVR will be calculated based on bank assessed security value on the application(s). For applications that are cross-collateralised and/or have multiple securities, the LVR will be determined based on the application structure as it has been approved. Existing loans and security positions unrelated to the application(s) will not be considered when determining overall LVR for this offer.

For more Information:

  • Refer to the ANZ Home Loans Switching Cashback Discretion Terms of Use
  • Contact your BDM 

 

Bank of China

$3,288 Refinance and $2,000 Purchase Cashback

Eligibility criteria

Available for applications recieved from 1st July 2024 to 30th September 2024 and settled by 31st December 2024

  • Promotional rates and cashback offer available for loan applications fully assessed on Australian Income with an LVR ≤ 80%.
  • Each customer (including each holder of joint accounts) can only participate once Cashback offer.
  • Cashback applies for external refinanced eligible loans if the borrower sets up a Bank of China account for direct debit of loan repayments
  • No special offers for LMI applications.
  • Minimum $400k
  • Any changes will be updated accordingly at any time without notice during this promotion period.

ING Direct

Up to $2,500 cashback

where the security property meets minimum energy rating criteria under the Nationwide House Energy Rating Scheme (NatHERs) or Green Building Council of Australia (GBCA)

Eligibility Criteria:

  • Commences 4th April 2024 and ends on 30th September 2024 (or another date in the event the promotion is withdrawn or extended)
  • The application must be for either the refinance or an existing home loan from another lender or the purchase of a residential property
  • The Application must be for a loan to be secured by residential property for which the customer has obtained either:
    • an accredited Nationwide House Energy Rating Scheme (NatHERS) = 7 stars or greater rating certificate; or
    • a Green Building Council of Australia (GBCA) Green Star Home certificate; and provided a copy of that certificate to ING, which must be received by ING by 31 December 2024.
  • Total loan of at least $350k excluding any amount to refinance any exisiting ING loans
  • The Application must be approved, and the resulting new ING Home Loan must:
    • have a loan to value ratio (LVR) of 80% or less; and
    • settle on or before 31 December 2024.
  • The customer must hold an active ING Orange Everyday transaction account in the same name(s) as the new ING Home Loan at the time that the cashback is paid (which will occur within 70 calendar days after the eligibility criteria has been met).
  • Eligible Customers will receive the following cashback amount:
    • Applications that include only the refinance of an existing home loan from another lender - $2,500.
    • Applications that include the purchase of a property (whether or not also including refinance of a property) - $1,500.

IMB Bank

Up to $4,000 Refinance Cashback available

  • Apply from 14th June 2024 until offer is withdrawn and settled within 90 days of applicant
  • LVR up to 80%
  • Cashback payment for the following loan amounts
    • $350k < $700k is $2,000
    • $700k < $1mil is $3,000
    • ≥ $1mil is $4,000
    • Excludes refinance of IMB Loans
    For full terms and conditions, please click here

ME Bank

$3,000 Refinance Cashback

Eligibility Criteria:

  • Apply from 8th September 2023 and settle within 120 days of the loan application date
  • Switch their existing home loan from another lender
  • Take out a home loan with a minimum size of $700k and LVR of less than 80% 
  • Excludes construction and interest only repayment loans for owner occupiers.
  • This offer is not available where any of the loan proceeds are for the refinance, restructure, switches, or top ups of home loans from ME or from other lenders within the Bank of Queensland (BOQ) Group which includes BOQ, BOQ Specialist and Virgin Money (Australia).

For full details of the promotion, please click here.

P&N Bank - WA Only

$1,500 Cashback available for essential services members.

Eligibility Criteria:

  • Must be currently employed within the 'Bond Group for P&N Bank' as listed below
    • WA Police Staff, including auxiliary officer and any WAPOL Employee
    • Nurses, including clinical, registerd and travel.
    • Teachers, including primary, secondary, specialist (e.g., language), TAGE and University lecturers.
    • DFES fire fighters only.
    • Prison Officers only.
  • Home loan applications must not be for refinances of existing P&N and BCU Bank Loans.
  • Minimum loan amount of $250k and LVR of the home loan must be 80% or less.
  • For joint applicants, only one Rebate Payment will be paid.

How did we do?