Home Loan Cashback & Refinance OffersMany lenders offer cash-in-pocket incentives for you to switch your loan over. What are home loan cashback offers? Why cashback offers are controversialCashback offers used to be much more prevalent in Australia. $2,773 Principal & Interest Variable $0 $0 70% More details Compare Greater Bank Greater Bank Great Rate Home Loan Discounted Rate 5.19% p.a. interest rate Over 20 years, that extra interest cost would add up to $34,970 - wiping out the $3,000 cashback multiple times over.