Greater Bank Refinance Cashback Review (2026)
Details verified 17 May 2026
Rates can change without notice. Last verified: 17 May 2026 (AEST). Please confirm details on the bank’s official page.
Max cashback
$3,000
for loans $500k+
Max LVR
80%
required
Channel
Online
applications only
How the Greater Bank Cashback Works
Greater Bank offers a refinance cashback on their Great Rate Home Loan product. The cashback is available exclusively through online applications — branch or broker applications do not qualify. The amount depends on your loan size, up to $3,000 for loans of $500,000 or more.
Greater Bank is a customer-owned institution based in New South Wales, and is related to Newcastle Permanent (both are now part of Hunter United following their merger). Refinances from either Greater Bank or Newcastle Permanent are excluded from the cashback offer.
Cashback Tiers
| Loan amount | Cashback |
|---|---|
| $250,000 – $499,999 | $2,500 |
| $500,000+ | $3,000 |
Key Conditions
| Condition | Detail |
|---|---|
| Channel | Online applications only |
| Max LVR | 80% |
| Paid within | 60 days of settlement |
| Excludes | Refinances of Greater Bank or Newcastle Permanent loans |
Details as at 17 May 2026. Check Greater Bank's cashback page for current terms.
Pros and Cons
Pros
- ✓ Up to $3,000 cashback
- ✓ Customer-owned institution
- ✓ Paid within 60 days of settlement
Cons
- ✗ Online channel only — no branch or broker eligibility
- ✗ 80% LVR required
- ✗ Excludes refinances from Greater Bank/Newcastle Permanent
- ✗ Evaluate the loan rate, not just the cashback
How It Compares
- IMB Bank: Up to $4,000 — highest cashback available
- Greater Bank: Up to $3,000 — online only
- Newcastle Permanent: Up to $3,000 — online only
Greater Bank and Newcastle Permanent offer identical cashback tiers. The key difference is that they exclude each other's loans from eligibility. IMB Bank offers a higher ceiling of $4,000 for larger loans.
FAQs
How much is the cashback?
$2,500 for loans $250k–$499k, and $3,000 for loans of $500k or more. LVR must be 80% or below.
Do I have to apply online?
Yes — the cashback is only available for online applications. Branch and broker applications do not qualify.
Can I come from Newcastle Permanent?
No — the offer excludes refinances from Greater Bank or Newcastle Permanent loans.
Information is general in nature and may change without notice. Details verified 17 May 2026. Confirm current eligibility, loan rates, and terms on Greater Bank's website before applying. Consider whether the loan rate offers long-term value, not just the cashback. This is not financial advice.