What is a Cashback home loan?
If you're looking for a home loan with a little something extra, a cashback home loan might be what you're after. These types of mortgages offer a cash rebate to borrowers upon settlement. The cashback and potentially lower interest rate have the ability to provide a financial buffer if needed. Often, cashback rebates and potential home loan interest rate savings are used toward home renovations, vacations, vehicle purchases, or any larger expense.