Refinance and get $3,000 cashback*
When you switch your home loan from another lender to a Defence Bank home loan
*Credit eligibility criteria, terms and conditions apply
Get cash back into your pocket
Apply between 4 February and 30 June 2026 and have your loan fully funded by 30 September 2026.
Minimum loan amount $300k with a maxiumum LVR of 80%. Excludes construction loans.
What do I get when I refinance?
Do I qualify for cashback?
This cashback offer is for Australians aged 18+ who are ready to refinance from another lender or purchase their next investment property with Defence Bank.
To qualify, you'll just need to:
- Apply between 4 February 2026 and 30 June 2026, and have your loan fully funded by 30 September 2026.
- Refinance your home loan to us from another lender (including DHOAS loans and investment loans) or purchase a new investment property with a Defence Bank home loan
- Bring lending that’s new to Defence Bank - refinances of existing Defence Bank loans are not eligible for the cashback.
- Borrow $300,000 or more with an LVR of up to 80%.
- Excludes construction home loans.
All applications are assessed under Defence Bank’s standard lending criteria. This offer can’t be combined with any other promotions.
See what you could save when you refinance
Frequently asked questions
Our cashback offer runs from 4 February to 30 June 2026. It’s a great time to review your home loan and talk to one of our lenders to see how much you may save by refinancing or starting your next investment with us - with the added bonus of a $3,000 cashback.
To be eligible, your loan must be fully funded by 30 September 2026.
This offer applies to:
- DHOAS refinance from another lender
- Owner occupier refinance from another lender
- Investor refinance from another lender
- Investor new property purchases
Available to variable home loans with principal and interest repayments.
The offer is available for variable rate home loans.
Yes. Eligible loans must be $300,000 or more.
There is. The maximum Loan to Value Ratio (LVR) is 80%. If you’d like to learn more about how LVR works click here.
Construction loans are not included in this cashback offer.
For loans with multiple applicants, we’ll deposit the cashback into one nominated account. It can’t be split between applicants.
Yes. If you have a DHOAS home loan with another lender and refinance it with us, and meet the eligibility criteria, you’ll receive the cashback.
Timeframes can vary depending on your situation, but our lending team is here to help make the process smooth and straightforward. The quickest way to keep things moving is to have your documents ready at application and return any signed forms as soon as you can.
Your cashback will be paid directly into your nominated account within 90 days of your home loan settling.
What is refinancing?
Refinancing simply means switching your old home loan over to a new loan with a different lender. It can sound like a hassle, but it’s surprisingly easy, and there can be big rewards!
The fine print
The Promoter is Defence Bank Limited ABN 57 087 651 385 AFSL / Australian Credit Licence 234582 of Level 10, Queen Street, Melbourne 3000 (‘Defence Bank’ or ‘Promoter’).
This cashback promotion (‘Promotion’) commences on Wednesday 4 February 2026 and closes Tuesday 30 June 2026 (‘Promotion Period’).
Applications for Defence Bank home loans are subject to credit approval. Full terms and conditions will be included in members’ Defence Bank loan offer. Fees and charges may be payable.
This cashback offer is available to Australianresidentsaged 18 years and over who refinance from another lender or purchase an investment property using a Defence Bank home loan (‘Eligible Members’) under the following Eligibility Requirements:
• Home loan application must be submitted within the Promotion Period and funded on or before Wednesday 30 September 2026.
• Lending must be new to Defence Bank (refinances of existing Defence Bank home loans are excluded from this offer). Available to owner occupier home loans, including DHOAS,and investor refinances from another lender or investor new purchase home loans.
• Available to variable home loans with principal and interest repayment schedules only.
• Minimum eligible loan amount ≥$300,000 and a loan to value ratio (LVR) of up to 80%
• Excludes constructionhome loans.
• All applications are subject to Defence Bank’s credit assessment criteria.
• This offer is not available in conjunction with any other promotions.
Eligible Members must hold a Defence Bank Everyday Access or Offset account (‘Nominated account’) at drawdown.
Only one cash back per security property.Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Cashback is paid into one nominated account and cannot be split across accounts. Maximum cashback amount of $3,000.
Defence Bank reserves the right to verify the validity of Eligible Members (including a member’s identity and application details) and reserves the right to disqualify any EligibleMemberif the member is engaged in any unlawful or other improper misconduct calculated to jeopardise the fair and proper conduct of the Promotion.
Provided these Terms and Conditions including Eligibility Requirements are met, Eligible Members will receive their eligible cashback amount transferred electronically into theirNominatedAccount after the loan has been disbursed.
The date of cashback payment will be up to 90 days from the date of loan funding.
The cashback cannot be used towards the calculation of serviceability of the home loan.
Existing applications received before commencement date of campaign will not be eligible for this cashback offer.
Eligible Members accept the cashback ‘as is’ and acknowledge that Defence Bank accepts no responsibility for any tax implicationsthatmay arise from the cashback. Eligible Members may need to seek advice from the Australian Tax Office or their own taxation adviser or independent financial adviser.
Defence Bank’s Target Market Determination can be viewed at defencebank.com.au
For full DHOAS eligibility criteria visit dhoas.gov.au
Defence Bank reserves the right to review and amend these terms and conditions or to withdraw this offer at any time without prior notice.