$3,000 home loan refinance cashback
When you refinance an eligible home loan including DHOAS and investment to us from another lender*
*Credit eligibility criteria, terms and conditions apply
It's yours for the switching
Receive $3,000 cashback when you refinance your home loan or investor home loan to Defence Bank between 21 October and 18 December 2026 and have your loan funded by 31 March 2027.
Minimum loan amount $250,000 with a maximum LVR of 80%. Excludes refinances of existing Defence Bank home loans.
Expect more from your home loan?
Ready to refinance? See if you're eligible.
This cashback offer is for Australians aged 18+ who refinance an eligible Defence Bank home loan, including DHOAS and investor home loans, from another lender.
To qualify, you'll need to:
- Apply between 21 October 2026 and 18 December 2026, and have your loan fully funded by 31 March 2027
- Refinance an eligible home loan, including DHOAS and investor home loans, from another lender to Defence Bank
- Refinances of existing Defence Bank home loans are not eligible
- Borrow $250,000 or more with an LVR of up to 80%
All applications are subject to Defence Bank’s standard lending criteria. This offer can’t be combined with any other promotion.
See what switching could save you
Frequently asked questions
When you refinance to Defence Bank, you'll benefit from competitive rates, flexible loan options, and lending specialists who understand Defence life. Plus, you could receive a $3,000 cashback when you refinance an eligible home loan during the offer period.
Eligible Australians aged 18 and over can receive a $3,000 cashback when they refinance an eligible home loan from another lender to Defence Bank and meet the offer requirements.
Yes. Eligible owner-occupied, DHOAS and investment home loans can qualify for the $3,000 cashback when refinanced from another lender to Defence Bank.
To qualify for the cashback, your eligible loan amount must be at least $250,000.
The offer is available on eligible loans with a maximum Loan to Value Ratio (LVR) of 80%. If you're unsure of your LVR, click here to learn more or our lending specialists can help you work it out.
Yes. Eligible fixed, variable and split home loans are included in this offer, giving you the flexibility to choose a loan structure that suits your needs.
Depending on the loan product you choose, you may be able to make weekly, fortnightly or monthly repayments. Our lending specialists can help you find the option that best suits your budget and goals.
No. Construction loans are not included in this cashback offer.
Submit your application between 21 October and 18 December 2026 to be eligible for the offer.
Your loan must be fully funded by 31 March 2027 to qualify for the cashback.
Once your loan has been funded and all offer conditions have been met, the cashback will be paid into your nominated Defence Bank account within 90 days of the loan being funded.
For joint applications, one cashback payment of $3,000 will be paid into a nominated account per eligible loan, regardless of the number of borrowers.
Yes, if you refinance multiple properties that each meet the eligibility criteria on their own, you will receive a cashback per eligible property.
No. The cashback is only available on lending that is new to Defence Bank. Refinances of existing Defence Bank home loans are not eligible for this offer.
Why refinance your home loan?
Refinancing could help you save on interest, reduce your repayments, access a more competitive rate, or unlock features that better suit your needs. With Defence Bank, you could also receive a $3,000 cashback when you refinance an eligible home loan from another lender.
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 21 October 2026 and closes Friday 18 December 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 Australian residents aged 18 years and over who refinance from another lender 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 31 March 2027.
• 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.
• Available to fixed and variable home loans.
• Excludes internal refinances of existing Defence Bank home loans.
• Available to fixed and variable home loans.
• Repayment type can be principal and interest or interest only.
• Minimum eligible loan amount ≥$250,000 and a loan to value ratio (LVR) of up to 80%.
• 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 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.
Provided these Terms and Conditions including Eligibility Requirements are met, Eligible Members will receive their eligible cashback amount transferred electronically into their Nominated Account 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 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.
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.