ME Bank · refinance cashback
How much depends on the size of your loan.
$3,000 on new lending of $700,000 or more at up to 80% LVR; a separate $2,000 offer on $400,000 or more between 80% and 95% LVR with LMI. You need at least 20% equity in the property. Apply by 28 February 2027. Who qualifies and the catch are below.
From ME Bank’s offer terms, read 11 October 2026.
How much
$3,000 on new lending of $700,000 or more at up to 80% LVR; a separate $2,000 offer on $400,000 or more between 80% and 95% LVR with LMI
Which loans
Refinance from another lender on any ME product, owner-occupier or investor, with a SpendME transaction account; a purchase and refinance together can be combined to reach the minimum.
Not eligible, and the catch
Loans coming from ME or the BOQ Group, anyone paid a BOQ Group cashback in the last 12 months, and owner-occupied interest-only. The two offers can't be combined.
When it’s paid
Within 60 days of settlement, into a SpendME account; settlement must be within 120 days of applying.
From the page we read, so you can check us.
ME Bank
“A $3,000 cash back offer is available on refinances of an existing home loan from another financial institution to ME Bank with a minimum new lending of $700,000 and a loan to value ratio (LVR) of up to 80%.”
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 $3,000 is spent inside 30 months and the dearer loan is yours for the rest of the term. Where ME 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 ME Bank’s setup fee, together $700 to $1,500. The discharge pages have each lender’s form and fee, including ME’s.
Who else is paying, as at 11 October 2026.
No cashback as at 11 October 2026: Bank of Melbourne, ING, Ubank, BankSA, Bendigo Bank, AMP Bank, Woolworths Team Bank.
Yes. Up to $3,000 ($3,000 on new lending of $700,000 or more at up to 80% LVR; a separate $2,000 offer on $400,000 or more between 80% and 95% LVR with LMI) on loans of $700,000 or more at up to 80% LVR, for applications by 28 February 2027. ME Bank's own page says: "A $3,000 cash back offer is available on refinances of an existing home loan from another financial institution to ME Bank with a minimum new lending of $700,000 and a loan to value ratio (LVR) of up to 80%." Checked 11 October 2026.
Refinance from another lender on any ME product, owner-occupier or investor, with a SpendME transaction account; a purchase and refinance together can be combined to reach the minimum. Not eligible: loans coming from ME or the BOQ Group, anyone paid a BOQ Group cashback in the last 12 months, and owner-occupied interest-only. The two offers can't be combined.
Within 60 days of settlement, into a SpendME account; settlement must be within 120 days of applying. It goes into an ME Bank 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.
Applications must be in by 28 February 2027. Lenders extend and withdraw these without notice; the date here is from ME Bank's own page on 11 October 2026.
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 $3,000 cashback is spent inside 30 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.
Yes. IMB Bank pays up to $4,000 as at 11 October 2026. The full table is on the cashback page.
Checked against ME Bank’s own page on 11 October 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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