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.
|►||Owner Occupied Home Loans; and|
|►||All Investment Home Loans; and|
|►||All Lines of Credit.|
|►||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.|
|►||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.|
|►||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.|