Police Bank Cashback Campaign Terms & Conditions

** SPECIAL OFFER HOME LOAN PRICING AND CASHBACK; TERMS AND CONDITIONS

Offer Period: 3 Sep 2026 until withdrawn at Police Bank’s discretion.

1) The promotional offer comprises:

a) special Fixed Interest Rates from 5.84% p.a. and special Variable rates from 5.94% p.a. available for a three-month offer period; and
b) cashback available on eligible Variable and Fixed Interest Rate Police Value and Goldrate home loans.

The offer is available to eligible current and new Police Bank members refinancing a home loan from another financial institution to Police Bank. It does not apply to the transfer, rewrite or refinance of an existing Police Bank or Border Bank home loan.

2) The cashback offer applies to eligible owner-occupied and investment refinances funded on either a Variable Interest Rate or a Fixed Interest Rate, provided all other eligibility criteria are met.

3) Police Bank reserves the right to vary, extend or withdraw the special variable interest rate or cashback offer at any time without prior notice. To qualify for cashback, applicants must:

(a) Meet eligibility criteria below;

i) Apply for an eligible Police Bank Police Value or Goldrate Variable Interest Rate or Fixed Interest Rate home loan during the offer period.

ii) Meet minimum loan amount of $300,000 and have a loan-to-value ratio (LVR) of 80% or less.

iii) Complete loan settlement within 90 days of application

iv) Direct their salary/wages to be credited to their Police Bank Easy Access transaction account for a minimum of three (3) consecutive salary deposits

v) Offset is available on eligible variable-rate products. Offset does not apply during a fixed-rate period.

vi) The special fixed interest rates from 5.84% p.a. and Variable Interest Rates from 5.94% p.a. applies for the three-month offer period. Eligibility is for new borrowings and external refinances into Police Bank, up to 80% LVR. The cashback offer applies separately to eligible Variable Interest Rate and Fixed Interest Rate loans.

vii) Borrowers must qualify for Police Bank membership.

4) Eligible Loan Types:

a) New-to-bank refinances from another financial institution, excluding Police Bank and Border Bank internal refinances, transfers and rewrites.

b) Owner-occupied or investment lending; Variable Interest Rate or Fixed Interest Rate; Principal & Interest repayments only; maximum 80% LVR; and minimum total eligible lending of $300,000.

5) Cashback Amounts

a) The cashback amount is determined on applicable loan amount bracket below:

i) $300,000 – $499,999: $2,000 cashback

ii) $500,000 or more: $3,000 cashback

6) Payment Terms

a) Cashback will be deposited into a Police Bank Easy Access (S1) transaction account or Police Bank designated savings account within eight (8) weeks of loan drawdown or settlement. The receiving account must be held in the same name(s) as the home loan. Where an application is made for joint borrowers and they do not hold an eligible Police Bank Easy Access (S1) transaction account jointly, Police Bank may pay the Cashback Payment into an eligible Police Bank Easy Access (S1) transaction account held in the name of either the primary or secondary borrower. Where no specific account instructions are provided by the borrower(s), the cashback amount will be applied as a credit to the home loan account to reduce the outstanding balance.

b) A Police Bank Easy Access (S1) transaction account with card access and active salary credit must be established before cashback payment.

c) For multiple loans, all loans must be funded before total cashback is assessed and paid.

d) Cashback is payable once per loan that is accepted by Police Bank regardless of number of applicants or properties involved in the transaction.

e) A member can only be paid to this cashback offer once.

f) Once a qualifying loan application is accepted, no further applications involving the same borrower(s) whether individually or jointly with others will be eligible for cashback payments for the following 12-month period.

g) This Offer cannot be assigned or transferred.

7) Important Exclusions & Conditions

a) Not available in conjunction with any other promotional offers, bonuses or cashback payments.

b) Cashback applies exclusively to eligible Police Value and Goldrate Variable Interest Rate and Fixed Interest Rate home loans for owner-occupied or investment purposes.

c) Cashback excludes all Interest Only loans, Construction loans and Bridging loans.

d) Pre-approvals are excluded. Company and trust borrowers excluded.

e) Finance will be assessed for cashback eligibility based on the final loan amount upon completion, subject to Police Bank’s lending criteria. Split loans and supplementary facilities secured against the same property are treated as a single loan application for cashback purposes.

f) This offer excludes internal refinancing or rewrites and is not compatible with any other cashback offer issued by Police Bank.

g) If you have received cashback on the intended property in the past you will not be eligible for this offer.

h) Your home loan must be active at time of cashback payment.

GENERAL ADVICE

  • Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Police Bank Ltd.
  • To view all our rates including interest rates for Interest Only payments see rates page
  • Additional fees and charges may be payable – all relevant details will be included in our loan offer.
  • Any information and advice do not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
  • Before deciding to apply, we provide and recommend you read our FSG.
  • All applications are subject to a credit assessment and approval. All applicable terms and conditions will be included in our loan offer.

Legal & Compliance Terms

  • Fraud Protection: Police Bank reserves the right to reject, cancel, or recover any cashback payment where there are reasonable grounds to suspect fraudulent activity, misrepresentation, or illegal conduct in connection with the loan application or customer dealings.
  • Tax Responsibility: Members are solely responsible for any tax implications or liabilities arising from receipt of the cashback payment. Police Bank recommends consulting a tax advisor regarding potential tax consequences.
  • Relationship to Loan Products: These cashback terms are separate from and do not form part of the credit contract for the associated home loan. Standard lending criteria, fees, charges, and loan terms and conditions apply as detailed in Police Bank’s Home Loan Terms and Conditions. In case of any conflict between these cashback terms and the loan product terms; the loan product terms take precedence.
  • Governing Law: This offer is governed by Australian law and the jurisdiction of Australian courts.

This document does not constitute a contract for finance.

Important Information

  • Terms and conditions apply. Standard fees, charges, eligibility and lending criteria apply to all loan products as detailed in Police Bank’s current Schedule of Fees and Charges and Home loan Terms and Conditions available at branches and online. This offer is subject to credit assessment approval and Police Bank’s standard lending criteria. A Financial Services Guide (FSG) is available at all branches, on our website, and upon request. Police Bank reserves the right to request additional documentation to verify eligibility.
  • Police Bank Limited ABN 95 087 650 799, Australian Financial Services Licence/Australian Credit Licence 240018