Cashback Terms & Conditions
Last updated: [DATE]
Draft template. This page must be reviewed by you and your licensee/aggregator before the site goes live. Items in [SQUARE BRACKETS] need to be completed.
These terms apply to the Homewise Lending Australia refinance cashback offer ("the offer").
The offer
Eligible customers who refinance an existing home loan through Homewise Lending Australia may receive a cashback of between $500 and $2,000. The amount depends on the size of the new loan and the lender.
| Loan size at settlement | Cashback |
|---|---|
| [LOAN SIZE TIER 1] | $500 |
| [LOAN SIZE TIER 2] | $1,000 |
| [LOAN SIZE TIER 3] | $2,000 |
Eligibility
- The loan must be a refinance of an existing home loan from another lender, submitted through Homewise Lending Australia on or after [START DATE] [and before END DATE].
- The loan must be approved by the lender and must settle. All applications are subject to the lender's credit criteria.
- [Minimum loan amount, eligible lenders or products, and any exclusions.]
- One cashback per settled application.
Payment
The cashback is paid by [Homewise Lending Australia / the lender] to the borrower's nominated Australian bank account within [X] days after settlement.
Other conditions
- [Clawback: whether the cashback must be repaid if the loan is discharged within a set period.]
- The cashback does not change our obligation to act in your best interests. We will only recommend a loan that is suitable for you, whether or not a cashback applies.
- You should consider whether a cashback has tax implications for you and seek independent advice if needed.
- We may change or withdraw the offer at any time. Applications already submitted will not be affected.