HSBC Refinance Cashback | Apply here for $3,288

The good news is that while HSBC no longer offers cashback, several other banks continue to provide competitive refinance incentives. If you’re looking for the best cashback offers available today, we’ve rounded up the top options to help you find the right deal for your home loan.

Why is ANZ the Best Refinance Cashback?

ANZ’s refinance cashback offer stands out as one of the best options available, thanks to the low entry requirements and zero-free structure. While some banks require a higher loan amount to qualify for cashback, ANZ's minimum loan amount is only $250,000, making it more accessible to a wider range of homeowners. Although the cashback amount of $2,000 is lower than some other lenders, ANZ compensates by waiving setup and ongoing fees, meaning you won’t have to worry about additional costs eating into your savings.

Beyond the cashback incentive, ANZ is a trusted Big 4 bank with highly competitive interest rates, making it a strong choice for refinancing. As a borrower, you will benefit from the stability and reliability of a major lender while accessing attractive home loan rates that can help reduce long-term mortgage costs. When considering the overall value—cashback, low fees, and competitive rates—ANZ’s offer remains one of the best for homeowners looking for a refinance cashback.

What is ANZ Refinance Cashback?

ANZ’s refinance cashback is a financial incentive offered to borrowers who switch their existing home loan to ANZ. The bank provides a lump sum payment to eligible customers who meet specific conditions, such as a minimum loan amount and property type. ANZ's current refinance cashback offer is $2,000, although promotional periods may feature higher amounts. This cash is credited to your account after settlement, and you can save it or spend it how you like, with no strings attached.

How to Qualify for ANZ Refinance Cashback?

Here are the eligibility criteria for ANZ $2,000 refinance cashback offer:

• Maximum LVR of 80%
• Minimum loan amount of $250,000
• You must be switching from a lender other than ANZ or Suncorp
• You must not have previously redeemed an ANZ home loan offer or promotion within the previous 12 months

How to Apply for ANZ Refinance Cashback

Refinancing your home loan to ANZ and claiming the cashback offer involves several key steps. To ensure a smooth process, follow these steps carefully:

1. Check Eligibility Requirements – Review ANZ’s current refinance cashback offer to ensure you meet the criteria, such as the minimum loan amount, and loan-to-value ratio (LVR) requirements.
2. Compare Loan Options – Assess ANZ’s home loan products to determine the best fit for your financial situation, considering factors like interest rates, loan features (e.g., offset accounts, redraw facilities), and repayment flexibility.
3. Consult a Mortgage Broker – Working with a mortgage broker like Eden Emerald Mortgages can simplify the process by providing expert advice, handling paperwork, and negotiating the best loan terms on your behalf.
4. Gather Required Documents – Prepare necessary documents, including proof of income (payslips, tax returns), existing loan statements, credit history, and property details, to streamline the application process.
5. Submit the Application to ANZ – Complete and submit your refinance application. If you are using a mortgage broker, they will ensure all details are accurate to avoid delays, and submit it to ANZ on your behalf. 
6. Property Valuation and Credit Assessment – ANZ will conduct a property valuation and assess your financial position to determine loan approval and cashback eligibility.
7. Receive Loan Approval and Settlement – Once approved, ANZ will provide loan documents for signing, and your existing loan will be paid out, officially transferring your mortgage to ANZ.
8. Cashback Payment Process – After settlement, ANZ will credit the $2,000 cashback amount to your nominated account within 60 days.

Following these steps and working with Eden Emerald Mortgages ensures a smooth transition, as we handle the paperwork and liaise with both ANZ and your existing lender. The best part is that using the services of EE Mortgages is 100% free for you, (we are paid compensation by the lender, not the borrower).

To speak to us, simply fill out the form here to get in touch.

Conclusion

With HSBC Bank no longer offering refinance cashback, homeowners may need to explore other lenders for similar incentives. ANZ’s refinance cashback presents a great alternative for those looking to refinance and cut down on mortgage costs. With a low minimum loan requirement of $250,000, no setup or ongoing fees, and the reliability that comes with a Big 4 bank, ANZ provides a well-rounded option that balances upfront savings with long-term financial benefits.

That said, refinancing is a major financial decision, and it’s important to weigh both the immediate cashback and the overall advantages of switching lenders. Speaking with a mortgage broker like Eden Emerald Mortgages can help you determine if ANZ—or another lender—is the best fit for your needs. A broker can also guide you through the refinancing process, ensuring a smooth and hassle-free experience.