Home Loan Rebates

Home Loan Rebates: Compare offers with a rebate deal

Rates and Fees verified correct on October 25th, 2016

Get rewarded when you sign up for a home loan.

You might have heard the word 'rebate' before usually attached to tax or insurance, but have you ever heard of a home loan rebate? If you're looking to buy a property or refinance a mortgage, a home loan rebate can get your loan started on a positive note by rewarding you when you sign up.

These rebates need to be considered just as they are: incentives. Lenders are fighting for your business, so don't sign up for a loan just because a rebate is on offer. The rebate will only last for a short while, whereas a home loan will last a lot longer.

What's a home loan rebate?

A home loan rebate is basically a cashback offer. Once you sign up for a home loan and the loan is settled, you'll receive a certain amount from the lender. The rebate will usually last for a limited time and you'll have to sign up for the loan by a certain date and settle the loan by a certain date.

Home loans currently offering rebates

Rates last updated October 25th, 2016
Loan purpose
Offset account
Loan type
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Product nameInterest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Bank of Queensland Fixed Rate Home Loan - 3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Owner Occupier)
Special offer for new lending of $150k or more & under 80% LVR, this offer has been extended. $1,500 gift card offer available, terms and conditions apply.
3.59% 4.28% $300 $10 monthly ($120 p.a.) 80% More info
St.George Fixed Rate Advantage Package -  2 Year Fixed Rate (Owner Occupier)
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,000 cash back available for refinancers, conditions apply.
3.75% 5.03% $0 $395 p.a. 95% More info
BankSA Advantage Package Home Loan - $250k to $499,999 (Special Discount) (Owner Occupier, P&I)
Borrow from $150000 up to $249999. $1,500 cash back offer available to refinancers, conditions apply.
4.49% 4.89% $0 $395 p.a. 90% More info
Queenslanders Credit Union Fixed Rate - 2 Years Fixed Special Offers (P&I)
Borrow from $50000 up to $3000000. $1,000 cash back available when you move your home loan to Queenslanders Credit Union. This offer is available for a limited time only! Terms and conditions apply.
3.82% 4.42% $595 $0 p.a. 97% More info
Bank of Melbourne Advantage Package Home Loan - $250k - $499,999 (Special Discount) (Owner Occupier, P&I)
Advantage Package home loan with $0 application fee. Refinancers have $1,500 cash back offer available, conditions apply.
4.47% 4.87% $0 $395 p.a. 95% More info
SCU Basic Home Loan
A basic home loan with a low interest rate and a redraw facility available. Take out a new SCU loan and enjoy $500 cash back, terms and conditions apply.
4.49% 4.54% $200 $0 p.a. 95% More info
Credit Union SA Home Loan Package - Variable $500k+ (Owner Occupier)
Cashback and other offers available to teachers who take out a new loan or refinance from another lender.
4.39% 4.77% $0 $395 p.a. 80% More info
Northern Inland Credit Union Smart Variable Home Loan - Owner Occupier
This loan is a flexible home loan packed with smart features for purchasing or refinancing a home or investment property. Refinancing cash back offer of $1,000 available, conditions apply.
5.33% 5.37% $0 $0 p.a. 95% More info
homeloanHQ Rate Lock Loan
Part fixed part variable home loan with redraw facility. $600 cashback offer available, conditions may apply.
4.01% 4.04% $0 $120 p.a. 80% More info

How to compare home loans offering rebates

Before you sign on the dotted line, there are a few things you should think about before you settle on a home loan.

  • Form of the rebate. Lenders offer rebates in different ways, with some opting for cash backs and others for gift cards. Be sure to check this before you sign up.
  • Amount of rebate. Obviously, the amount of the rebate on offer should also come into consideration. Ensure you regularly check this page so you don't miss out on the cashback offers available. For example you might sign up for a loan with a $500 rebate without knowing there was a very similar loan offering you a $1,000 rebate.
  • Other fees and charges. Calculate the amount of fees you will have to pay to set up the loan and then minus that amount from the rebate offer. This will give you a better idea of the reward you are really getting. If the rebate amount only covers the set-up costs, then you may want to consider low fee home loans instead.

How else can you earn rebates?

Home loans don't come cheap and when you are refinancing or moving into your first home you may find yourself struggling in the first year. Luckily, there are other types of rebates that you may be eligible for.

  • Solar rebates

After you move into your property you can earn a government rebate for installing certain energy-saving devices. Homeowners who use renewable sources may be eligible to receive Small-Scale Technology Certificates (STCs), based on the size of the energy efficient system and their location. These STCs are then sold to those who generate electricity through fossils fuels to offset the price of your installation.

By installing solar energy saving devices you may also be eligible for a feed-in tariff. These types of tariffs are money that the government requires your electricity company to give you for using an energy-saving system. Commercial rebates are also available for business owners who install a grid connect solar power system.

information about Solar Rebates

  • Financial package rebates

When you sign up for any type of financial product, whether that be a home loan, credit card or transaction account, some providers offer a rebate if you 'package' other financial products from their range together. For example, if you sign up for a home loan with one lender, they may offer you a rebate incentive if you also sign up for a credit card or transaction account with them.


How do I receive the rebate?

This will differ between lenders. If the rebate is in the form of a gift card, you will most likely be sent the card once your loan is settled. If the rebate is in the form of cash you may be sent a cheque or receive the rebate in the form of a bank deposit.

Are there restrictions?

Rebates are usually offered for a limited time only. Lenders usually set two date restrictions that you must meet in order to receive the rebate, one date by which you have to apply for the home loan by and another date where the loan has to be settled by.

How can I apply for a home loan with a rebate?

If you would like to apply for any of the home loans currently offering a rebate, simply follow the secure links on this site and you will be taken through to the lender's online application form. The actual application process will differ between lenders.

More options

Don't want a rebate on your loan? Check out these range of cash back incentives on home loans

Marc Terrano

A passionate publisher who loves to tell a story. Learning and teaching personal finance is his main lot at finder.com.au. Talk to him to find out more about home loans.

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