IMB Bank · refinance cashback
How much depends on the size of your loan.
$2,000 on $250,000 to $499,999; $3,000 on $500,000 to $749,999; $4,000 on $750,000 or more. You need at least 20% equity in the property. Open until IMB Bank withdraws it. Who qualifies and the catch are below.
From IMB Bank’s offer terms, read 3 November 2026.
How much
$2,000 on $250,000 to $499,999; $3,000 on $500,000 to $749,999; $4,000 on $750,000 or more
Which loans
Refinance from another lender, or a purchase, on the Budget, Essentials or Fixed Rate loans (not the 1 Year Fixed), owner-occupier or investor.
Not eligible, and the catch
Existing IMB loans, commercial, SMSF, reverse mortgage, construction and bridging loans, and anyone given a discretionary rate instead. One cashback per borrower per 12 months, and half of it is clawed back if you discharge within 12 months.
When it’s paid
Within 60 days of settlement into an IMB transaction account; a refinance must settle within 120 days of IMB accepting the application.
From the page we read, so you can check us.
IMB Bank
“$2,000 for loans $250k - $499k, $3,000 for loans $500k - $749k, $4,000 for loans $750k+. Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 15/05/26 until Offer is withdrawn.”
A cashback is a one-off payment against a loan that runs for decades. On a $600,000 loan, a rate 0.20 percentage points above the best available costs about $1,200 a year, so even the full $4,000 is spent inside 40 months and the dearer loan is yours for the rest of the term. Where IMB Bank’s rates sit against every lender we track is on the rate monitor, and the refinance page does the sum for the balances people ask about.
What it does cover is the cost of leaving your current lender: a discharge fee, two titles office fees and IMB Bank’s setup fee, together $700 to $1,500. The discharge pages have each lender’s form and fee.
Who else is paying, as at 3 November 2026.
No cashback as at 3 November 2026: Bank of Melbourne, ING, Ubank, BankSA, Bendigo Bank, AMP Bank, Woolworths Team Bank.
Yes. Up to $4,000 ($2,000 on $250,000 to $499,999; $3,000 on $500,000 to $749,999; $4,000 on $750,000 or more) on loans of $250,000 or more at up to 80% LVR, until withdrawn. IMB Bank's own page says: "$2,000 for loans $250k - $499k, $3,000 for loans $500k - $749k, $4,000 for loans $750k+. Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 15/05/26 until Offer is withdrawn." Checked 3 November 2026.
Refinance from another lender, or a purchase, on the Budget, Essentials or Fixed Rate loans (not the 1 Year Fixed), owner-occupier or investor. Not eligible: existing IMB loans, commercial, SMSF, reverse mortgage, construction and bridging loans, and anyone given a discretionary rate instead. One cashback per borrower per 12 months, and half of it is clawed back if you discharge within 12 months.
Within 60 days of settlement into an IMB transaction account; a refinance must settle within 120 days of IMB accepting the application. It goes into an IMB transaction account, not against the loan. Check the terms for a clawback: several lenders take the cashback back if the loan is discharged within a year or two.
IMB Bank doesn't give an end date; the offer runs until withdrawn. That can happen without notice, so the day you apply is the day that counts.
Only if the rate behind it is competitive. On a $600,000 loan a rate 0.20 percentage points above the best available costs about $1,200 a year, so a $4,000 cashback is spent inside 40 months and the dearer loan is yours for the rest of the term. Use it to cover the switching costs on a rate that is already good, not to justify a rate that isn't.
Not at the top tier: IMB Bank's $4,000 is the biggest on our list, but only on the largest loans ($2,000 on $250,000 to $499,999; $3,000 on $500,000 to $749,999; $4,000 on $750,000 or more). On a smaller loan another lender can pay more, so check the table on the cashback page against your balance.
Checked against IMB Bank’s own page on 3 November 2026. Offers are withdrawn and changed without notice; if something here doesn’t match what they’ve told you, theirs is right and we’d like to know. A cashback is a promotion, not credit advice.
A broker at 1st Street can tell you what rate sits behind the offer, and whether another lender beats it once the cashback is spent.
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