IMB 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
$4,000
for loans $750k+
Max LVR
80%
required
Payment timing
60
days after settlement
How the IMB Bank Cashback Works
IMB Bank offers a refinance cashback on their Budget Home Loan product. The cashback amount scales with your loan size — the larger the loan, the larger the cashback, up to $4,000 for loans of $750,000 or more.
The loan must have a maximum LVR of 80% at settlement. The cashback is paid within 60 days of settlement, and the loan must remain active for at least 12 months. This prevents borrowers from refinancing again immediately after receiving the bonus.
Cashback Tiers
| Loan amount | Cashback |
|---|---|
| $250,000 – $499,999 | $2,000 |
| $500,000 – $749,999 | $3,000 |
| $750,000+ | $4,000 |
Key Conditions
| Condition | Detail |
|---|---|
| Eligible loans | Refinance only (not new purchases) |
| Max LVR | 80% |
| Paid within | 60 days of settlement |
| Loan retention | Must stay active for 12 months |
| Frequency | One cashback per borrower per 12-month period |
| Excludes | Refinances of existing IMB Bank loans |
Details as at 17 May 2026. Check IMB Bank's cashback page for current terms.
Pros and Cons
Pros
- ✓ Highest cashback available — up to $4,000
- ✓ Tiered structure — worthwhile even for smaller loans
- ✓ Paid within 60 days of settlement
Cons
- ✗ 80% LVR required
- ✗ Must stay for 12 months or cashback may be clawed back
- ✗ Cannot refinance existing IMB Bank loans
- ✗ Compare the loan rate, not just the bonus
How It Compares
- IMB Bank: Up to $4,000 — $2k/$3k/$4k by loan size, LVR ≤80%
- Greater Bank: Up to $3,000 — $2.5k/$3k by loan size, LVR ≤80%, online only
- Newcastle Permanent: Up to $3,000 — $2.5k/$3k by loan size, LVR ≤80%, online only
IMB Bank offers the largest potential cashback at $4,000 for loans of $750k+. Greater Bank and Newcastle Permanent both cap at $3,000. All three require 80% LVR.
FAQs
How much is the cashback?
$2,000 for loans $250k–$499k, $3,000 for $500k–$749k, and $4,000 for $750k+. LVR must be 80% or below.
When is it paid?
Within 60 days of settlement. The loan must remain active for 12 months.
Can I refinance my existing IMB loan?
No — the offer excludes refinances of existing IMB Bank loans. You must be coming from another lender.
Information is general in nature and may change without notice. Details verified 17 May 2026. Confirm current eligibility, loan rates, and terms on IMB Bank's website before applying. Consider whether the loan rate offers long-term value, not just the cashback. This is not financial advice.