NAB, Bankwest and ING have announced that they, too, are ending their cashback offers on home loans, following a similar move from the Commonwealth Bank.
CBA will scrap their refinance cash back from the 1st June 2023. NAB and ING will discontinue their cashback after June 30, while CBA-owned Bankwest will remove its offer from the market from May 31.
If you are coming off your fixed rate in June, July or August, we would encourage you to get your refinance loan approved now. This will ensure that you are eligible for a cash back before more lenders withdraw their offers from the market.
Current offers, just to name a few include*
- ANZ offers up to $4,000 for refinancers and $3,000 for first-home buyers
- St George offers up to $4,000 for refinancers
*Terms and conditions apply
If your fixed rate is coming to an end or if you are on a variable rate and simply want to know if refinancing is worthwhile for you, please email us with your most recent home loan statement and a screenshot of the current balance and rate of your loan. The Kaboodle team will then perform a product comparison for you.