We are offering a Refinance Cashback of $2,000 to customers who refinance their home loan from another financial institution to CommBank.
Applications must be submitted by close of business on Monday 3 August 2020, with loans funded by 11.59pm AEST on Friday 9 October 2020. Additionally Owner Occupied Interest-Only customers who fund on or from Tuesday 7 April 2020 will now be eligible for the cashback.
Eligibility
| ► | Owner Occupied Home Loans; and |
| ► | All Investment Home Loans; and |
| ► | All Lines of Credit. |
Criteria
| ► | Applications must be submitted by close of business on Monday 3 August 2020, with loans funded by 11.59pm AEST on Friday 9 October 2020. Additionally Owner Occupied Interest-Only customers who fund on or from Tuesday 7 April 2020 will now be eligible for the cashback. |
| ► | Customers must refinance their eligible Home/Investment Home Loan from an OFI. |
| ► | 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. |
| ► | Refinancing of an existing CommBank or Bankwest Home/ Investment Home Loan is not eligible for this offer. |
| ► | Limit of one $2,000 cashback payment per borrowing entity and per customer. |
| ► | We will credit the $2,000 cashback amount only to a CommBank Transaction Account within two weeks of loan funding. |
| ► | We will not combine the $2,000 cashback offer with our MAV fee waiver. |
Process
| ► | Customers with eligible applications will automatically receive the cashback payment. You no longer need to complete a request in the Home Loan Pricing Tool (HLPT) for the customer to receive the $2,000 OFI Refinance Cashback offer. |
Note | |
| ► | This offer replaces the existing $1,250 OFI Refinance Cashback Offer. |
| ► | If the customer is completing a Bridging Loan application at the same time as the refinance application, they are not eligible for the $2,000 OFI Refinance Cashback Offer. |
| ► | We reserve the right to terminate the offer at any time. |
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