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$500 Cash Back Promotion Terms & Conditions

Cash Back Terms & Conditions

    1. Offer Eligibility
      The $500 cashback offer is available for eligible residential refinance applications submitted through Oakwood Finance, subject to these Terms & Conditions.
    2. New Clients Only
      The offer is available to new Oakwood Finance clients only.

      To be eligible, no applicant named on the refinance application may have previously settled a loan through Oakwood Finance.

      Where any applicant on the proposed refinance has previously settled a loan through Oakwood Finance, the application will not be eligible for the cashback offer.

    3. Minimum Loan Amount
      The refinance must have a minimum settled loan amount of $500,000 to qualify for the cashback offer.
    4. Eligible Transactions
      The offer applies to residential refinance transactions only.

      The offer does not apply to property purchases, construction loans or other lending transactions.

    5. $500 Cashback Per Eligible Settled Loan
      A maximum cashback of $500 is payable per eligible settled loan, regardless of the number of applicants, borrowers, co-borrowers or property owners associated with the loan.

      Where there are multiple applicants on an eligible loan, the $500 cashback applies collectively to the settled loan and is not payable separately to each applicant.

      For the avoidance of doubt, a joint application does not entitle each applicant to a separate cashback payment. The maximum amount payable in connection with an eligible settled loan is $500 in total.

    6. Previous Participation
      An application will not be eligible for the cashback where any applicant has previously:

      The inclusion of additional or different applicants on a future refinance does not create a new entitlement to the cashback where an applicant has previously settled a loan through Oakwood Finance or participated in a loan that received an Oakwood Finance cashback.

      • settled a loan through Oakwood Finance; or
      • been an applicant or co-applicant on a loan for which an Oakwood Finance cashback offer was provided.
    7. Repeat Refinances
      A property for which this $500 cashback has previously been paid is not eligible to receive the cashback again on a subsequent refinance.

      This applies regardless of any change in lender, loan structure, ownership structure or applicants associated with the subsequent refinance.

    8. Lender Approval
      All applications are subject to lender approval, applicable lending criteria and eligibility requirements.

      Participation in the cashback promotion does not guarantee approval of a loan application.

    9. Settlement Requirement
      The eligible refinance must successfully settle for the cashback to become payable.
    10. Payment of Cashback
      The cashback will only become payable once Oakwood Finance has received payment from the applicable lender or aggregator in relation to the eligible settled loan.

      Following receipt of this payment, the $500 cashback will be paid by Oakwood Finance via electronic transfer to a bank account nominated by the eligible customer.

    11. Other Promotions
      The cashback offer is not available in conjunction with any other Oakwood Finance promotional offer, cashback, incentive or benefit unless otherwise stated or agreed by Oakwood Finance.
    12. Changes, Withdrawal or End of Promotion
      This promotion does not have a specified end date.

      Oakwood Finance reserves the right to vary, suspend, withdraw or end the promotion at any time without notice.

      Applications submitted before the promotion is withdrawn or ended remain subject to these Terms & Conditions and must satisfy all eligibility requirements to qualify for the cashback.

    13. Verification of Eligibility
      Oakwood Finance reserves the right to verify an application and each applicant’s eligibility before approving or paying the cashback, including whether an applicant has previously settled a loan through Oakwood Finance or participated in a previous Oakwood Finance cashback offer.
    14. Financial Advice Disclaimer
      This promotional offer does not constitute financial advice. Customers should consider their individual circumstances and the suitability of any lending product before proceeding.

      All lending is subject to the relevant lender’s terms, conditions, lending criteria and approval.