Cashback
Cashback offer
Switch to smarter savings today and receive up to $3,000 cashback*. Fast. Easy. Worth it.
Cashback offer
Switch to smarter savings today
and receive up to $3,000 cashback*.
Refresh your home loan. Reclaim your savings.
Looking to reduce your monthly repayments or unlock better features? Refinancing your home loan could help you save thousands.
Make the switch and save for what matters
Whether you’re looking to reduce your monthly repayments, consolidate debt, or access better features, refinancing can help you do more with less.
Find a home loan tailored to your goals and explore how much you could save along the way.
How to unlock your cashback
Minimum loan size $250,000
Loan to Value Ratio (LVR)
≤ 80%
Apply before 30 September 2025
Loan settle before 30 November 2025
Get paid within 90 days after settlement
Why switch to us?
Competitive rates tailored to your goals.
Ethical banking practices that align with your values.
Easy online application with real-time updates.
Local expert support throughout your journey .
Connect with a lender.
Get in touch with one of our lenders to explore the cashback options available to you.
Compare our home loan rates
Frequently asked questions
What is home loan refinancing?
Home loan refinancing involves replacing your existing loan with a new one. The new loan pays off the old one, and you then repay the new loan gradually over time. You have the option to refinance with your current lender or switch to a different one.
Refinancing can be beneficial if your circumstances have changed, such as if you’ve changed jobs or started a family. Additionally, it might be worth considering if market conditions have shifted, such as fluctuations in interest rates. In such cases, your current home loan may no longer be the most suitable option, and refinancing could help you secure a loan that better aligns with your current needs.
Am I entitled to a cashback if I'm an exisiting customer?
Yes. Existing customers are entitled to our cashback promotion. However, to qualify, you must refinance your loans from other financial institutions and meet all applicable terms and conditions.
What are the current interest rates for refinancing a loan
To compare our home loan interest rates, head here.
What's the difference between principle and interest and interest only loans?
Interest-only loans allow borrowers to pay only the interest on the loan for a specified period, resulting in lower minimum payments during this time. However, since no principal is repaid during this period, borrowers may end up paying more over the life of the loan. Additionally, there may be restrictions on borrowing amount or loan type. On the other hand, with principal and interest loans, each repayment covers both interest charges and a portion of the loan principal, ultimately reducing the overall debt over time.
*The legal stuff
- Eligible Loans will receive the following cashback payment (the Offer):
- The amount of $2,000 cashback with loan sizes between $250,000 and $499,999 or
- The amount of $3,000 cashback with loan sizes of $500,000 or greater.
- By applying for an Eligible Product, for the primary purpose of refinancing an eligible residential home or investment loan, you agree to the terms and conditions of the Offer.
- The following Summerland Bank products are Eligible Products for the Offer:
- Eco Home Loan,
- Basic Variable Home Loan,
- Premium Home Loan,
- Fixed Rate Home Loan, and
- Investment loans.
- To be eligible for the Offer, submit a new loan application for an Eligible Product between 6 June 2025 and 30 September 2025, and settle the loan on or before 30 November 2025 (the Offer Period).
- Eligible Loans are loans during the Offer Period to owner-occupiers and investors for Eligible Products with a minimum loan amount of $250,000 and a Loan to Value Ratio (LVR) of less than or equal to 80% (including any capitalised fees & charges).
- Greater than 50% of the new loan amount must be used to refinance the balance of a mortgage-secured residential home or investment loan from another financial institution.
- Applicants (as individuals, joint or company borrowers) are limited to one (1) cashback payment per 12-month period.
- A borrower cannot transfer or assign their right to the Offer to any other person.
- The following are ineligible for the Offer:
- Internal refinances and variations
- New or existing Bridging loans, Overdrafts, & Business loans.
- Applications that include an applicant who has received a cashback payment from Summerland Bank within the preceding 12 months (either as an individual borrower, or as part of a joint or company application).
- Loans paid out or refinanced away before the cashback payment is made.
- The cashback payment will occur within 90 days after the loan settlement date. Payment can only be made to a nominated Summerland Bank Everyday account held in the same name(s) as the eligible loan at the settlement date.
- Summerland Bank may amend or withdraw the Offer at any time.
- Standard credit criteria, terms and conditions, and fees and charges apply.
- The Offer cannot be used in conjunction with other offers.
- Summerland Bank does not accept responsibility for any tax or financial implications arising from accepting this Offer.
- Loans issued by Summerland Financial Services Limited Trading as Summerland Bank, ABN 23 087 650 806 AFSL and Australian Credit Licence 239 238.
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