Get $4,000 off your home loan: May’s hottest cashback deals
Key takeaways
- Lenders are offering up to $4,000 in home loan cashbacks.
- With rates on the rise, getting paid to switch to a better deal can save you double.
- What's next: Check out the 5 biggest home loan cashbacks on the market right now.
A cashback home loan puts money back in your bank account, which is a handy way of offsetting any switching fees or covering things like moving costs.
But remember: a good home loan should always have a low rate above anything else.
Here are the top-scoring cashback home loan offers for May 2026.
1. Up to $4,000 with IMB
Get an IMB home loan and you could get up to $4,000 back. IMB's offer is one of the biggest on offer and it's quite flexible, being offered for investors and home owners, including refinancers and new purchasers.
The cashback amount depends on your loan size:
- $250,000–$499,999 = $2,000
- $500,000–$749,999 = $3,000
- $750,000 or higher = $4,000
You also have to keep the home loan for at least 12 months to get the full amount.
Want more options?
Check out every home loan cashback offer
2. $3,000 with ME Bank
Refinancers can get a $3,000 cashback by switching to an ME Bank home loan by 28 August. The offer is for owner occupiers and investors on any ME home loan.
But you need a loan size of at least $700,000 to get the cashback, borrowing no more than 80% of your property's value.
3. $3,000 with ANZ
Eligible first home buyers can get a $3,000 cashback with an ANZ home loan.
To qualify, you need to be a first home buyer with a loan of $250,000 or more. The offer excludes ANZ Plus home loans, and you can't get the cashback if you're participating in a government first home guarantee scheme.
4. Up to $3,000 with Greater Bank
With a Greater Bank Home Loan, investors and home owners can get a cashback of $2,500 to $3,000 depending on their loan size.
- $2,500 for loans of $250,000–$499,999.
- $3,000 for loans of $500,000 or more.
These cashbacks are for purchasers or refinancers but you have to apply online directly through Greater Bank.
5. Up to $3,000 with Newcastle Permanent
Newcastle Permanent Home Loans have the same cashback as Greater Bank: $2,500 on loans between $250,000 and $499,999, or $3,000 for loans of $500,000 or more.
And it's also for new buyers and refinancers as long as you apply online.
More great home loan cashbacks
There are many other home loan cashbacks and deals on the market, including:
- $1,000 Finder Reward with Unloan. Finder members who refinance to Unloan through Finder can receive a $1,000 Visa card (offer ends 31 May 2026).
- Qantas Points. Take out a CommBank Digi Home Loan of $300,000 or more as a new customer and you could earn between 100,000 and 300,000 bonus Qantas Points, depending on your loan size.
- $2,000 with BOQ. Refinance to a Bank of Queensland Home Loan online and get a $2,000 cashback on loans of $400,000 or more (80% LVR or lower).
Details correct at time of publication and subject to change.
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