Make the Switch
$2,000 Cashback*
Switch to a bank that gives back to you and feel good about where your money goes.
Simple. Rewarding. Yours.
Make your move.
Refinance your existing home loan with Summerland, and we’ll make it rewarding — with $2,000* back to you. Start fresh, save more, and move forward with a home loan tailored to your goals. A simple switch. A rewarding feeling.
Why choose 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.
Submit a new loan application for an eligible product
between 4 November 2025 and 31 March 2026.*
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.
What is the refinance cashback offer?
You’ll receive a $2,000 cashback payment when you take out an eligible loan primarily for the purpose of refinancing an existing home or investment loan from another lender, provided all eligibility criteria and terms and conditions are met.
Am I entitled to a cashback if I’m an existing customer?
Yes — you can still receive the cashback if you’re an existing customer, as long as you’re refinancing a loan from another lender and meet the offer’s eligibility requirements.
Is there a minimum loan amount to qualify?
Yes, the minimum loan amount to qualify for the refinance cashback offer is $400,000. Additional conditions may apply. Please refer to the offer terms and conditions for full eligibility details.
When will I get paid?
You’ll receive $2,000 into your Summerland Everyday Account within 90 days of your settlement date, provided you meet the eligibility criteria.
Is this offer really for refinance purpose?
Yes, this offer specifically designed for refinancing eligible residential home or investment loans, but a separate offer is also available for first home buyers, so whether you’re purchasing your first home or refinancing an existing loan, you’re eligible to benefit. Please check the offer terms and conditions.
*The legal stuff
Refinance
- Eligible Loans will receive a $2,000 cashback payment (the Offer).
- 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 4 November 2025 and 31 March 2026, and settle the loan on or before 31 May 2026 (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 $400,000 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.
First home buyers
- Eligible first home buyers who apply for an Eligible Product will receive a $2,000 cashback payment (the Offer).
- By applying for an Eligible Product, for the primary purpose of purchasing or constructing the first owner-occupied residential home, 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, and
- Fixed Rate Home Loan.
- To be eligible for the Offer, submit a new loan application for an Eligible Product between 4 November 2025 and 31 March 2026, and settle the loan on or before 31 July 2026 (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 95% (including any capitalised fees & charges).
- 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:
- Applications that include an applicant (borrower) who is not an eligible first home buyer.
- Internal refinances and variations
- New or existing Bridging loans, Overdrafts, Business loans and Investment 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.
- All borrowers are eligible first home buyers who:
- Have never owned or co-owned a residential property (excluding vacant land) in Australia, and
- Do not intent to rent any part of the property post settlement.
- 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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