Take out a New Home Loan & Get 1.5% Cash, Up to $30,000 (Min. Loan of $200,000, Min. 20% Equity, Remain with ANZ for 3yrs) @ ANZ

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Take out a New Home Loan & Get 1.5% Cash, Up to $30,000 (Min. Loan of $200,000, Min. 20% Equity, Remain with ANZ for 3yrs) @ ANZ
Go to Deal
LJesse on 18/11/2025 - 15:54 anz.co.nz (366 clicks)
Last edited 18/11/2025 - 16:24 by 1 other user

Hey Cheapies, first ever cheapies deal submit.

Quite a niche product/service only applicable for people with home loan preferably about to refinance.
However, I personally think this deal is pretty crazy. First time seeing a 1%+ cashback offer.

Get 1.5% cash with ANZ
Take out a new ANZ Home Loan by 16 December and you could get 1.5% cash, up to $30,000. Minimum loan $200,000.

Minimum 20% equity and new residential security required. Loan must be approved and documented by 16 December 2025. Banking and lending must stay with ANZ for at least three years. Lending rules, terms, conditions and fees apply1.

1.5% cash contribution offer: Loans documented prior to 18 November 2025 are ineligible for this offer. Cash contributions are on the condition that your banking remains with ANZ for at least 3 years. All your home loans must remain with ANZ, and all your salary (or main source of income) must be credited into an ANZ account during this 3-year period. If you move your banking or lending to another financial institution within 3 years, we may ask you to immediately repay our cash contribution. The cash contribution will be paid on the drawdown of your home loan. Not available on bridging finance or restructuring of existing ANZ lending. The cash contribution is not available in conjunction with other home loan offers. Cash contributions will be determined by ANZ at its sole discretion and only available for a limited time.

Fun fact, I happened to settle my refinance just yesterday (2 hours after this info was first read from r/PersonalFinanceNZ).
ANZ was not happy to honor it due to "Loans documented prior to 18 November 2025 are ineligible for this offer", however my mortgage broker was super helpful in resolving this issue (he literally pulled out $$K off his commission, what a legend) - I'd be more than happy to recommend this gentleman, shoot me a DM if required.

I called up a few banks if they could match, so far (anecdotal):
ASB - straight NO (very aggressive)
Westpac - waiting on higher ups (apparently it was a surprise for them as well) but mentioned very unlikely.
BNZ - the loan specialist I spoke to has written an email that he could match 1.5%, so seems like BNZ is starting to pick up.

Financial Home Loan

Related Stores

ANZ Bank New Zealand
ANZ Bank New Zealand

Comments

Search through all the comments in this post.
  • Huntakillaz on 18/11/2025 - 15:56

    Landlords Frothing at their mouths

    • Jesse on 18/11/2025 - 15:58
      +8

      Haha I'm sure there are many allies here :D
      Like myself, just a lowly peasant barely repaying my single mortgage.

      • Lifeline on 18/11/2025 - 20:34
        +5

        Yep theres a ton of landlords barely getting by. I had to rent my first home for 5 years to drop the mortgage low enough to be able to move in. Finally moving in next month 😅

        • amcheapdude on 19/11/2025 - 09:53
          +1

          and thats a very smart, 'cheapies' endorsed way indeed! congratulations

  • morepork on 18/11/2025 - 16:28

    Would this apply to the good energy home loans with 1% interest rate?

    • jackvdbuk on 18/11/2025 - 16:30

      No I doubt it.

    • Jesse on 18/11/2025 - 16:33

      From my understanding sort of yes, at least in ANZ if you are creating a new home loan (or refinancing).

      I had plans to use good energy home loans with ANZ, so during refinance I've just created an additional flexi loan structure which in the future can be converted in to the 1% interest good energy home loan. I guess it's just a few extra steps (I haven't applied for it yet) but they told me it was pretty easy.

    • jimpappa on 19/11/2025 - 12:36
      +1

      Minimum loan amount for the offer is 200k & good energy maximum is 80k.

  • threeleggedfonzie on 18/11/2025 - 17:13

    I recently got a home loan from Kiwibank (first home buyer) and got 1% cash back. I thought it was standard. I didnt have 20% deposit either.

  • Stoic on 18/11/2025 - 17:14

    Westpac were offering 2% in 2020/21

    • Sonder on 19/11/2025 - 10:44
      +1

      Ah yes the old go back in time offer

      • Stoic on 19/11/2025 - 11:03

        My post wasn't clear but I was responding to the point that OP said it was the first time seeing cashback over 1%.

  • Neongreen on 18/11/2025 - 17:49

    ANZ have been awful to deal with, and all of my friends found the same. Nearly cost my friend the house he was trying to buy, thankfully Kiwibank got it done.

    Co-op bank, though. Epic service, competitive rates, and competitive cashback. Don't think they'd do 1.5% though. You speak to the person who can approve your loan. So so happy I called them up.

    You need a mortgage broker to deal with the big babks because the process is so awful you need experts to help get through it.

  • holypeaches on 18/11/2025 - 18:01

    Silly question - what if you're already on ANZ and want to break the loan you're with. After paying the break fees, would they honor this?

    • CheapAzChips on 18/11/2025 - 18:10
      +1

      Probably not. I would say that their "Cash contributions will be determined by ANZ at its sole discretion" clause covers them for scenarios like this.

    • Jesse on 18/11/2025 - 18:16
      +2

      Definitely try out for BNZ. The specialist I talked to said he could match.

  • Kikoo on 18/11/2025 - 18:21
    +2

    I just go approval from ASB. 1.5% offered! I found ASB a way better to deal with, especially the lender i had! Very helpful!

    • Jesse on 18/11/2025 - 20:30

      Awesome, that's good to know!

    • Beatlez on 03/12/2025 - 17:29

      Hi, great deal - did you renegotiate with ASB or refinance to them? Would you mind sharing which ASB manager or team you spoke with?

      • toast on 03/12/2025 - 18:07

        Not OP, but I tried renegotiating with ASB by leveraging ANZ's cashback, and the best they were able to do was just under 1%.

    • Ronnz on 18/11/2025 - 19:55
      +3

      Yes! I am in the process of getting my loan refinanced to sbs and when my mortgage advisor went to them with this cashback offer from ANZ they matched! I think they are expecting the main banks to drop their rates with the upcoming OCR, which would probably put the ANZ cashback deal better than the lower interest rate at SBS.

      • TracyNguyen on 19/11/2025 - 11:55

        What is the rate approved for your refinance? Do you get 3.99 for 2 years like Concheapie or it is just for first home buyer? I'm thinking of refinance my mortage with ANZ. Thanks

  • Ronnz on 19/11/2025 - 12:06
    +1

    Yes SBS is giving me 3.99% for two years and 1.5% cash back matching anzs current cashback amount.

    • TracyNguyen on 19/11/2025 - 12:17

      Awesome, I'll get in touch with my mortageg broker now. Thank you so much for your info

  • jimpappa on 19/11/2025 - 12:48

    Most banks give some sort of cash backs. To get full 30k cashback you need a loan of 2 million.
    If you are getting 500k mortgage then the cash back is just $7500.
    Still a good deal.

  • holypeaches on 19/11/2025 - 15:52

    Do we need to wait for the 26 Nov OCR with 25bp cut? God I feel FOMO with all these 3.99% deals

  • jdsurfer on 19/11/2025 - 18:20
    +1

    Contacted Westpac today and they came back with an offer of 0.3% so you can probably guess what I told them they could do with that offer. Off to SBS or ANZ who will offer me the full 1.5%.

  • Patrick on 24/11/2025 - 18:48
    +1

    ANZ are using it as a way to increase their market share and thus bump up their share price. They’ll make it back from cash left in no/low interest current accounts and will use it as an opportunity to try and sell you products like insurance, kiwisaver and so on. They’ll still be making plenty of cash out of you.

    NZ’s banks are the most profitable in the Western world because regulation of banks is very weak in NZ, so they get away with ripping off consumers in so many ways.

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