Couple in kitchen happily eating cake.

Switching is sweet with a $2,500 cashback.

Couple in kitchen happily eating cake.

Refinance your home loan to us from another lender and we’ll give you a $2,500 cashback sweetener into your Everyday Access account.

This offer is only available for a limited time - for both owner-occupier and investor home loans. Apply by 30 June 2022Terms and conditions apply.

See what you could save when you refinance.


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!

What you need to know.

Home Loan Refinance Cashback Promotion.
$2,500 cashback offer for the refinance of a home loan to Defence Bank.
Terms and conditions.
1. 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’).
2. This $2,500 cashback promotion (‘Promotion’) commences on Tuesday 8th February 2022 and closes on Saturday 30th June 2022 (‘Promotion Period’).
3. 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.
4. This offer is available to Australian residents aged 18 years and over who refinance a home loan with a new Defence Bank home loan product (‘Eligible Members’) under the following Eligibility Requirements:
- Home loan application must be submitted within the Promotional Period (point 2 above).
- Lending must be new to Defence Bank (refinances of existing Defence Bank home loans are excluded from this offer).
- Repayment type can be principal and interest or interest only
- Available to fixed and variable home loans.
- Available on owner occupier and investor home loans
- Minimum home-loan-specific refinance amount ≥$250k.
- All Defence Bank home loans (excluding construction loans) are eligible
- Home loan must be disbursed on or before 31 August 2022.
- Normal lending policies apply.
- This offer is not available in conjunction with any other promotions.
5. Only one cashback 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. Maximum cashback amount of $2,500.
6. Defence Bank reserves the right to verify the validity of Eligible Members (including a members identity and application details) and reserves the right to disqualify any Eligible Member if the member is engaged in any unlawful or other improper misconduct calculated to jeopardise the fair and proper conduct of the Promotion.
7. Provided these Terms and Conditions including Eligibility Requirements are met, Eligible Members will receive $2,500 cashback transferred electronically into their new Everyday Access account after the loan has been disbursed. The date of cashback payment will be 45 days (or the next business day where the 45 days falls on a weekend or public holiday) from the date of loan disbursal.
8. Eligible Members must hold or open an Everyday Access account.
9. The $2,500 cashback cannot be used towards the calculation of serviceability of the home loan.
10. Eligible Members accept the cashback ‘as is’ and acknowledge that Defence Bank accepts no responsibility for any tax implications that may 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.
11. Defence Bank reserves the right to review and amend these Terms and Conditions at any time.