Suncorp extends $2,000 home loan refinance cashback


17 Aug 2020

Cashback article image content

Aussies looking to save money on their home loan and earn $2,000 cashback into the bargain will be pleased to hear that Suncorp has extended its popular refinance cashback offer to give more borrowers the chance to switch and save before the offer ends on 30 September.

The cashback is available on Suncorp's discounted fixed home loan which lets you lock in a cracking 2.29% fixed rate for 2 years (3.32% comparison rate*). To qualify you’ll need to apply before 30 September with a minimum refinance amount of $250,000. 

Suncorp’s current offer isn’t the only refinance deal to whet your appetite though, with Bank of Queensland also extending its cashback bonus and Homestar introducing a $1,500 cashback on its low rate Star Essentials variable home loan. Read on for the rundown on Suncorp's offer plus these other top refinance deals on the market right now.


Suncorp Fixed Home Loan Special Offer
  • 2.29% fixed rate for 2 years (3.32% comparison rate*)

  • Free extra repayments - up to $500 each month

  • $2,000 cashback bonus for refinancers

This competitive fixed home loan from Suncorp ticks all the boxes for borrowers looking to save money on their mortgage and enjoy peace of mind over their repayments. Not only do you get the security of an ultra low fixed rate for 2 years, there are no establishment or ongoing fees to pay and refinancers can reap the rewards of a $2,000 cashback simply by applying before 30 September and settling the loan before 29 December 2020. Minimum refinance amount $250,000.


Bank of Queensland Discount Fixed Rate
Bank of Queensland
  • 2.29% fixed rate for 2 years (3.52% comparison rate*)

  • Free extra repayments up to $5,000 per year

  • $2,500 refinance cashback

BOQ is a favourite with borrowers looking to find value outside of the big four banks, and for good reason. The BOQ Discounted Fixed Home Loan lets you can lock in a super low rate while still having the flexibility to pay down your mortgage faster by being able to make free extra repayments of up to $5,000 a year. Plus, you can enjoy a generous $2,500 cashback when you refinance your home loan to BOQ. Minimum loan size $250,000, 80% LVR or less. Apply before 26 September.


Homestar Star Essentials Home Loan
  • 2.29% p.a. variable rate (2.32% p.a. comparison rate*)

  • Free extra repayments and redraw facility

  • No monthly or ongoing account fees

Boasting one of the lowest variable rates on the market plus no ongoing fees, this super sharp loan from award-winning non-bank lender Homestar also comes neatly packaged with a number of great features including unrestricted extra repayments and free online redraws and multiple loan splits. Plus, if you're refinancing an owner occupier home loan of $250,00 to $850,00, you can receive a $1,500 cashback by applying before 30 September 2020. Maximum LVR 80%.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home loans Awards

Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.

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