Refinance and get up to $4,000 cashback*

Cashback Offer Terms & Conditions

To be eligible for the Police Bank cashback offer, applicants must refinance an existing Owner Occupied or Investment Variable rate, Principal and interest or Fixed rate home loan of $300,000 or more from another financial institution (other than Border Bank) to Police Bank. Investment Interest Only (IO) home loans are also included. The offer is only available to applicants who apply and are approved from February 20, 2025, to May 31, 2025 (offer period). Eligible loans must settle within 90 days of application or by June 30, 2025. The cashback amount will be based on the total net loan amount (that is, the total of all refinanced loans) after Offset deductions, and, credited to either the primary transaction account for individual borrowers, or a joint account with the primary borrower within one (1) month of settlement. If multiple loans apply, all loans must be funded before the total cashback is assessed and paid.

The cashback amount is payable on total loan size refinanced (that is, the total of all refinanced loans) and is calculated on a total loan size basis after offset deductions on a cumulative basis.

There will not be separate cashback amounts offered in relation to the refinancing of individual loans or loan amounts.

The final cashback amount is dependent on total loan size funded i.e. the total of all loans refinanced.

Loans greater than or equal to $300,000 and less than or equal to $499,999 are eligible for $2000 cashback.
Loans greater than or equal to $500,000 and less than or equal to $749,999 are eligible for $3000 cashback.
Loans greater than or equal to $750,000 are eligible for $4000 cashback.

This offer is not available for new purchase home loans, first home loans or in conjunction with any other offer, bonus or discount.

Borrowers are eligible for one cashback payment in a 12-month period.

Cashback is payable per loan application and not to each individual borrower in the case of multiple borrowers.

We reserve the right to withdraw this offer and/or alter the offer period at any time.

Effective date: February 20, 2025.

Home Loan Terms & Conditions

*Terms and conditions apply and are available on request. Fees, charges and lending criteria apply. A Financial Services Guide (FSG) is available at all Branches, on our website and upon request. Unless stated, all comparison rates are based on principal and interest repayments. For more information on interest only comparison rates, please contact us.

^The comparison rate is based on a loan of $150,000 over a 25-year term.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lenders Mortgage Insurance (LMI) required for Loans with an LVR greater than 80%. If you decide to repay your home loan, refinance or switch to another lender within the first year, then you may be eligible for a partial refund of your LMI repayment. An early repayment may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments above $9,999. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change. Offset Account is not available on Interest Only or Fixed Rate loans.

Minimal loan amount is $300,000.

Police Value Home Loan is only available to Current and Retired Employees of an Australian Police Force or Police organisation uniformed or civilian.

A Financial Services Guide (FSG) including loan terms and conditions is available at all branches upon request, and here.