We are used to receiving cashback for paying with a bank card. However, this is not the only banking product for which you can receive cashback. Recently, offers to receive cashback for refinancing a mortgage have appeared on the Australian banking market. Such an offer is beneficial both for the bank and for the borrower who has financial difficulties and is ready to transfer a mortgage loan to a new bank. Let's consider the terms of cashback when transferring a mortgage loan to CommBank.
CBA offers 2 000 AUD cashback for those individuals, who switch their mortgages to CommBank.
To get the Commbank cashback, you should:
- have owner-occupied mortgages or all investment loans
- 250 000 AUD - is the minimum refinance sum
- the program is not used for bridging loans
If you have additional questions, you should call 13-22-24.