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Get $3,000 cash back when you refinance with bcu.

Switch your home loan from another financial institution and you could qualify for a $3,000
cash back bonus!

Offer is available for new Owner Occupier (Principal & Interest) OMG Variable Home Loans
for loans $300k and over per property with an LVR of 90% or less.

Offer available for a limited time only. Conditions apply. 
View full cashback offer conditions.

Award-winning home loan

Our OMG Variable Rate Home Loan offers you excellent value with a competitive rate, great features and trusted, local service.

Apply online today or contact your experienced local lender to discuss your refinancing needs.

2020 award

What will my new repayments be?

No fees

No establishment or ongoing fees

Loan redraw

Access to your additional payments with loan redraw

Easy online application

Easy online application

Loan details

Maximum term 30 years
Minimum loan $300,000
Redraw available (excludes interest only loans)
Maximum Loan to Value Ratio (LVR) - with Lenders Mortgage Insurance (LMI) 90%
Maximum Loan to Value Ratio (LVR) - without Lenders Mortgage Insurance (LMI) 80%
100% offset account
Principal and interest
Interest only option available - see interest rate below
 Interest rateComparison rate
Principal and interest
Less than or equal to 90% LVR
2.44% p.a. 2.44% p.a.
Interest only
Less than or equal to 80% LVR
2.94% p.a. 2.64% p.a.
Establishment fee $0.00
Annual fee $0.00

Important things to know

Cashback offer eligibility and conditions

The following criteria must be met for the member to be eligible for the cashback:

The loan must be a new Owner Occupier (Principal & Interest) OMG Variable Home Loan;

  • The member must apply for the Home Loan within the period between 9am (AESDT) 1 November 2020 and 5pm (AESDT) 28 February 2021;

  • The amount of the loan must be at least $300,000;

  • The loan must be a refinance from another financial institution;

  • The Loan to Value Ratio (LVR) must be 90% or less;

  • The Home Loan must be approved and drawn down by no later than 30 April 2021;

  • Members must agree to deposit ongoing regular income/salary into a bcu Access account – evidence of regular deposits required before cashback will be paid;

  • The loan must not be a bridging loan;

  • Members may only receive one $3,000 cashback per loan per property where all criteria are met (all additional separate loans/ properties must meet all criteria separately to qualify for separate cashbacks);

The cashback will be paid by bcu by electronic transfer to the member’s bcu Access account to be paid after the Home Loan has been drawn down and the member has otherwise satisfied the criteria above (including making the regular income/salary deposits into their bcu Access account.

Disclaimers and conditions of use

Download Credit Guide

Create a Home Loan Key Facts Sheet

Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and charges apply. Terms and conditions apply and are available on request. Rates subject to change.

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