Cashback and rate discounts: The three hot home loan offers you should know about

By Ceyda Erem · · 3 min read
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While things typically tend to slow down toward the end of the month for many, it looks like mortgage lenders big and small have kept busy by releasing their latest deals and rate cut specials for investors and first home buyers. 

To help you keep up with some of the latest deals floating around, we’ve rounded up three of the hottest home loan offers of the week! 

Newcastle Permanent 

On Thursday, Newcastle Permanent announced a cashback offer for first home buyers on its Real Deal Home Loan. While the low 3.19% variable rate (3.23 comparison rate*) might already be enough to turn heads, it’s also worth mentioning that this loan is also a double 2019 Mozo Experts Choice Award^ winner. 

What’s the offer? 

Until April 30, 2020, first home buyers applying for a Newcastle Permanent Real Deal Home Loan and borrowing more than $250,000 with a LVR below 95% will receive $2,500 cashback! 

Keep in mind that in order to be eligible, this will need to be your first property purchase. And if you’re taking out a home loan with a partner, only one of you will need to be purchasing your first home. 

MOVE Bank  

MOVE Bank has also launched a cashback offer for all home and investment loans, allowing borrowers of any type to score a sweet deal on their mortgage. 

What’s the offer? 

Borrowers who take out any home or investment loans before May 29, 2020 and are borrowing more than $400,000 will be able to collect $1,000 cashback. Just keep in mind that in order to be eligible for the offer, you’ll need to have a MOVE Bank Everyday Saver or Express Saver account. 

ANZ 

Last up is big bank ANZ which, instead of dishing up a cashback offer, has bucked the trend with rate discount specials on its Simplicity PLUS Home Loan for Aussies borrowing both below and above 80% of the property’s value. 

What’s the offer? 

If you’re looking to apply for the Simplicity PLUS Home Loan and have an LVR below 80%, ANZ are shaving 12 basis points off the loan, bringing the rate down to an enticing 3.12% variable rate (3.16% comparison rate*).

And if you’re borrowing over 80% of the property’s value, ANZ are cutting 20 basis points from the loan, taking it down to 3.38% (3.42% comparison rate*). 

But that’s not all, ANZ have also have a refinance cashback offer running until 31 January 2020, but you’ll need to be speedy with your application for this one. If you refinance your existing loan to the Straightforward PLUS Home Loan, you have the chance to score up to $3,500 cashback, depending on the size of your loan.  

Want to find out how these home loan offers stack up against others in the market? Then head on over to our home loan comparison tool to get started. 

^More information about our 2019 Mozo Experts Choice Home Loan Awards 

Compare first home buyer loans - last updated 4 December 2023

Search promoted home loans below or do a full Mozo database search . Advertiser disclosure
  • Mozo Expert Choice Badge
    Variable Home Loan 90

    Principal and Interest, LVR <90%

    interest rate
    comparison rate
    Initial monthly repayment
    6.04% p.a. variable
    6.06% p.a.

    Affordable home loan rate for buyers or refinancers. No monthly or ongoing fees. Option to add an offset for 0.10%. Access to savings with unlimited redraws available. Minimum 10% deposit required. Advertised rates include Nov RBA rate increase. T&Cs apply.

    Go to site
    Details
  • Mozo Expert Choice Badge
    First Home Buyer Loan Special

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    6.64% p.a. variable
    6.67% p.a.

    A low variable rate loan for home buyers. No establishment or ongoing fees to pay. 100% offset account included. Allows for unlimited repayments, redraws and flexible repayment options.

    Find out more
    Details
  • Basic Home Loan Special Offer

    Owner Occupier, Principal & Interest, LVR 80-95%

    interest rate
    comparison rate
    Initial monthly repayment
    6.69% p.a. variable
    6.70% p.a.

    Find out more
    Details
  • FHBG Special Offer Classic Home Loan

    interest rate
    comparison rate
    Initial monthly repayment
    6.24% p.a. variable
    6.26% p.a.

    Find out more
    Details
  • Basic Variable Home Loan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    5.94% p.a. variable
    5.99% p.a.

    Find out more
    Details

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

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