Home Loan Refinance

Get started Get started

Why refinance your home loan with us?

Look for a better rate

Refinancing your home loan could help you save on interest with a lower variable or fixed interest rate.

Unlock cashback

Get $4,000 for your first online application plus $2,000 cashback for each additional property refinanced. Terms, conditions, fees and exclusions apply.^{^}

Make it easy for yourself

Our paperless application makes it simple for you to refinance online, in branch or over the phone.

Settle in less than a week

Your home loan refinance could be completed within 5 business days once we receive your documentation.

Online only offer: Refinance and get a minimum...

$4k

Cashback^ for your first application

Get one $4,000 Refinance Cashback plus $2,000 cashback per additional property refinanced when you apply online by 31 January 2020 and settle by 31 March 2020. Available on Basic Home Loans and Advantage Package loans ($395 package fee, $0 fee for Basic home loan). Excludes Owner Occupier loans with interest only repayments and refinances from within Westpac Group. Min. loan size $200k per property.

What else do I need to know?

^{^}$4,000 Online Refinance Cashback if you apply online plus $2,000 cashback for each additional property you refinance. The $4,000 Online Refinance Cashback consists of: $2,000 Refinance Cashback per property for new refinance applications received between 23 September 2019 to 31 January 2020 and settled by 31 March 2020. Plus one $2,000 Bonus Refinance Cashback for a new refinance application submitted online and received between 11 November 2019 to 31 January 2020 and settled by 31 March 2020. Offer available on the Advantage Package and Basic Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans. Offer current as at 11 November 2019. Offer may be varied or withdrawn at any time. $200k min loan per property refinanced. Only 1 cashback per property refinance will be paid regardless of the number of loans involved. Only 1 bonus cashback will be paid regardless of the numbers of customers, properties or applications involved. Excludes Portfolio Loans, switches and refinances of home loans within the Westpac Group which includes St.George, Westpac, Bank of Melbourne, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Advantage Package Terms and Conditions apply. A $395 annual package fee applies ($0 fee for Basic home loan) and is payable from an eligible BankSA transaction account. Applicant’s home loan repayments must be direct debited from this transaction account. Read the BankSA transaction account terms and conditions and consider if the product is right for you. The cashback will be paid into a BankSA transaction account within 60 days of settlement. The transaction account must be linked to the home loan at the time of settlement and kept open for 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

Already have a BankSA home loan with us?

You can apply to increase your home loan. Note that this is different from a home loan refinance. Apply for a home loan increase.

Frequently Asked Questions

1. How does this online Refinance Cashback offer work?

The $4,000 online Refinance Cashback offer consists of:

The standard $2,000 Refinance Cashback per property for applications received between 23 September 2019 to 31 January 2020 and settled by 31 March 2020. This offer is eligible for applications submitted online, in branch, over the phone or with a broker.
One bonus $2,000 Cashback for home loan refinance for an application received online between 11 November 2019 and 31 January 2020 and settled by 31 March 2020. This means you get a minimum of $4,000 Cashback when you refinance your home loan online.

Examples of how this Cashback Offer works:

Scenario	Eligible Cashbacks
I am refinancing 1 property online	You will receive a total $4,000 Cashback which consists of: 1 x standard $2,000 Refinance Cashback per property 1 x bonus $2,000 Online Cashback
I am refinancing 2 properties online	You will receive a total $6,000 Cashback which consists of: 2 x standard $2,000 Refinance Cashback per property 1 x bonus $2,000 Online Cashback
I am refinancing 3 properties online	You will receive a total $8,000 Cashback which consists of: 3 x standard $2,000 Refinance Cashback per property 1 x bonus $2,000 Online Cashback

Scenario

Eligible Cashbacks

I am refinancing 1 property online

You will receive a total $4,000 Cashback which consists of:

1 x standard $2,000 Refinance Cashback per property
1 x bonus $2,000 Online Cashback

I am refinancing 2 properties online

You will receive a total $6,000 Cashback which consists of:

2 x standard $2,000 Refinance Cashback per property
1 x bonus $2,000 Online Cashback

I am refinancing 3 properties online

You will receive a total $8,000 Cashback which consists of:

3 x standard $2,000 Refinance Cashback per property
1 x bonus $2,000 Online Cashback

2. How can I get the $4,000 Online Refinance Cashback offer?

3. Am I still eligible for the Standard Refinance Cashback if I don’t apply online?

Yes - if you apply in branch, over the phone or with a broker, you are still eligible to receive the standard $2,000 refinance cashback for every property you refinance. This offer is valid for applications received between 23 September 2019 to 31 January 2020 and settled by 31 March 2020.

Please keep in mind that you need to apply and complete your application online to be eligible for the $4,000 Online Refinance Cashback.

4. How do I know if I’m eligible for the $4,000 Online Refinance Cashback offer?

There are a few eligibility criteria you need to meet to get this offer.

This online offer is only available if you are refinancing your home loan and you apply and complete your application online.
Your application must be received between 11 November 2019 to 31 January 2020 and settled by 31 March 2020, with a minimum loan amount of $200,000 per property refinanced.
The offer is available on Owner Occupier loans with Principal and Interest repayments, plus Residential Investment home loans with either Principal & Interest repayments or Interest Only repayments.
Available with our Basic Home Loan and loans with the Advantage Package ($395 annual package fee applies).

5. Are there any home loan products that don’t get the offer?

6. How many times can I get the bonus cash back offer?

Basic home loan. Sensational rate.

2.99% p.a. Variable rate
3.01% p.a. Comparison rate^*

Start your refinance now

Complete our simple application online.

Receive indicative approval in under 15 minutes.

A home loan expert will call you once you have submitted your application to talk through next steps.

Why refinance

Learn about the reasons why you might want to find another home loan.

The costs

Find out what you’ll likely need to spend in addition to the cost of the property.

Find a lender

Find your nearest branch or mobile lender.

Enquire online

A BankSA home loan expert will call you back.

Important information

Conditions, fees and credit criteria apply. Before making a decision, it’s best to read the terms and conditions:

Residential Loan Agreement - General Terms and Conditions (PDF 248KB)

Loan Accounts - Charges for specific services and accounts (PDF 587KB)

Portfolio Loan Agreement - General Terms and Conditions (PDF 6MB)

BankSA Advantage Package - Terms and Conditions (PDF 822KB)

Please read these documents and keep a copy. You can request a paper copy at a branch. The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 13 76. Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. The discount and fee savings apply for the duration of the package.

* Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^{^^}Basic Home Loan Promotional Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 28 October 2019. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.

* Basic Home Loan Promotional Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 22 July 2019. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.