Stage 4 of 6
Cashback offers and the fine print
Refinancing
Stage 4 / 6 · Cashbacks
Cashback offers and the fine print
A $4,000 cashback can be worth -$8,000 if you switch back inside the claw-back period. The four lines you check first.
Cashbacks are loud. Claw-back clauses are quiet.
What to read before signing
- Claw-back period (typically 24-36 months).
- Required deposit/discharge anniversary date.
- Whether the cashback counts as taxable income (it doesn’t for owner-occupiers, can for investors).
- Whether the rate offered is special-cashback-only or matches their best new-customer rate.
Refinance savings calculator
Want a richer scenario? Open the full refinance savings calculator
From the rest of the site
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.