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The New Daily
The New Daily
Matthew Elmas

Home loan cashbacks are surging. Are they worth it?

Sally Tindall RateCity
A near record number of lenders are attaching cash sweeteners to their home loan deals. But are they worth it? Photo: TND

As competition for home loan customers peaks among major banks, a near-record number of lenders are trying to attract customers by attaching cash sweeteners to their refinancing deals.

More than 30 lenders across Australia are now offering customers between $800 and $5000 for signing a new loan agreement, up from just 12 lenders before COVID, according to RateCity analysis.

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