Advantage Package

$3,000 Refinance Cashback per primary applicant for applications received between 1st December 2021 - 28th February 2022 and settled by 31st May 2022. Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.

The cashback will be paid into a BankSA transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement.

For the $3,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.

If your home loan is with another lender, you can switch to a BankSA home loan: we call this ‘refinancing’. If you already have a home loan with us, and you’d like increase your loan with a ‘top up’, you can find out more here.

'Owner Occupier’ means you live in the property. If you live elsewhere, you’re an Investor.

As long as you meet the eligibility for the offer (excludes Owner Occupier Interest Only loans), then yes you can.

As long as you meet the eligibility for the offer, then yes you can. 

For the $3,000 Cashback offer, you’ll need to meet these conditions:

• It’s an Investment home loan on either Interest Only or Principal & Interest repayments, or an Owner Occupier home loan with Principal & Interest repayments
• It’s either our Basic Home Loan, or a Fixed or Variable Rate home loan under our Advantage Package² ($395 annual package fee and full terms and conditions apply)
• Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.
• Loan size needs to be at least $200k.
• LVR up to 80%
• Apply before 28th February 2022 and settle by 31st May 2022.

Yes there are some. The $3,000 Cashback offer:

• Excludes Owner Occupier home loans with Interest Only repayments
• Excludes Portfolio Loans and residential lending originated under family or company trusts
• Excludes home loan switches and internal refinances within the Westpac Group, including St.George, Bank of Melbourne, Westpac, BankSA and RAMS
• Excludes loans with an LVR above 80%
• Only one $3K cashback offer per primary applicant within a 12 month period
• For joint applications, only one cashback payment will be paid to the primary applicant.

The 12 month period commences from the date your cashback is paid into your account.