ME Bank Refinance Cashback | Apply here for $3,000

What is ME Bank Refinance Cashback?

ME Bank’s refinance cashback is a financial incentive designed to attract homeowners looking to switch their mortgage from another lender. Eligible borrowers who refinance to ME Bank can receive a lump sum cashback payment of $3,000, credited to their account within 60 days after settlement. This cashback offer helps offset the costs associated with refinancing, such as discharge fees, legal expenses, and application charges. To qualify, applicants need to meet specific criteria, as listed below.

How to Qualify for ME Bank Refinance Cashback?

Here are the eligibility criteria for ME Bank's $3,000 refinance cashback offer:

• Maximum LVR of 80%
• Minimum loan amount of $700,000
• You must be switching from a lender other than ME Bank, BOQ, BOQ Specialist and Virgin Money (Australia)
• Must not be an application for owner-occupied loans with interest only repayments

How to Apply for ME Bank Refinance Cashback

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

1. Check Eligibility Requirements – Review ME Bank'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 ME Bank'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 ME Bank – 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 ME Bank on your behalf. 
6. Property Valuation and Credit Assessment – ME Bank 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, ME Bank will provide loan documents for signing, and your existing loan will be paid out, officially transferring your mortgage to ME Bank.
8. Cashback Payment Process – After settlement, ME Bank will credit the $3,000 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 ME Bank 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

ME Bank's refinance cashback offer can be an attractive option for homeowners looking to switch lenders and reduce mortgage expenses. While the $3,000 cashback provides short-term financial relief, borrowers must carefully consider the long-term benefits and costs of refinancing. Consulting with a mortgage broker like EE Mortgages can help you decide whether ME Bank is the right lender for you, and to guide you through the entire refinancing process.