CBA $2,000 Home Loan Refinance Cashback Offer

. 1 min read

CBA (Commonwealth Bank of Australia) has just announced that it's offering a Refinance Cashback of $2,000 to customers who refinance their home loan from other financial institution (OFI) to CBA for a limited time.

Applications must be submitted between Wednesday 23 May 2018 and close of business on Monday 7 October 2019, and loans funded by 11.59pm AEST on Monday 9 December 2019.

CBA $2,000 refinance Cashback offer eligibility guideline:

  • Owner Occupied Home Loans with Principal & Interest repayments only;
  • All Investment Home Loans; and
  • All lines of credit.

CBA $2,000 Home Loan Refinance Cashback Offer Qualification Criteria:

  • Applications must be submitted between Wednesday 23 May 2018 and close of business on Monday 7 October 2019, and loans funded by 11.59pm AEST on Monday 9 December 2019.
  • Customers must refinance their eligible Home/Investment Home Loan from other financial institution (OFI). Refinancing of an existing CommBank or Bankwest Home/ Investment Home Loan is not eligible for this offer.
  • The refinance amount from the OFI must be $250,000 or more. New money and Top Up applications are not included in the $250,000.
  • Limit of one $2,000 cashback payment per borrowing entity and per customer.
  • CBA will credit the $2,000 cashback amount only to a CBA Transaction Account within two weeks of loan funding.
  • Cannot combine the $2,000 cash back offer with Mortgage Advantage (MAV) fee waiver.

How will you receive CBA $2,000 Home Loan Refinance Cashback Offer?

Customers with eligible applications will automatically receive the cashback payment. Fortunately, you no longer need to complete any kind of paperwork or make calls to receive the $2,000 OFI Refinance Cashback offer.

Customers with eligible applications will automatically receive the cashback payment to their CommBank Transaction Account within two weeks of loan funding.

Some important notes to consider

This offer replaces the existing $1,250 OFI Refinance Cashback Offer.

If the application is a Bridging Loan application at the same time as the refinance application, they are not eligible for the $2,000 OFI Refinance Cashback Offer.

CBA reserve the right to terminate the offer at any time.