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

Ceyda Erem

24 Jan 2020

Home loan offers content

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

Rates updated daily. Advertiser disclosure.

  • loans.com.au

    2.08% p.a. variable

    2.36% p.a.

    $1234

    Product details Close details
    Green Home Loan

    Owner Occupier

    2.08% p.a. variable

    2.36% p.a.

    Great low rate on investment loans when you package with your owner-occupied loan.

    Green Home Loan

    Great low rate on investment loans when you package with your owner-occupied loan.

    • 2.08% p.a. variable

    • 2.36% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • yes - 0.10% loading

    • $520

    • 90.00%

    • $50,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Green Home Loan

    Details Close

  • 86 400

    2.19% p.a.
    fixed 3 years

    2.89% p.a.

    $1234

    Product details Close details
    Own Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR <85%

    2.19% p.a.
    fixed 3 years

    2.89% p.a.

    Own Home Loan

    • 2.19% p.a.
      fixed 3 years

    • 2.89% p.a.

    • $250

    • $250.00 yearly

    • $0.00

    • yes - free up to $20,000 per fixed rate term

    • yes - free

    • yes

    • $250

    • 85.00%

    • -

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    • $2,000 cashback for eligible home loans of at least $250,000 with applications received by 30 September 2021 and settled before 31 November 2021.

    Read our Mozo Review to learn more about the Own Home Loan

    Details Close

  • Well Home Loans
    Mozo Expert Choice Badge" style="width:60px;">

    2.52% p.a. variable

    2.55% p.a.

    $1234

    Product details Close details
    Well Balanced

    Owner Occupier, Principal & Interest, LVR <90%

    2.52% p.a. variable

    2.55% p.a.

    A great value low rate home loan for variable owner occupiers. Free extra repayments and free redraw facility. No ongoing fees. Option for a split account available. Up to 90% LVR. Winner of the Offset Home Loan Expert's Choice Award for 2021.

    Well Balanced

    A great value low rate home loan for variable owner occupiers. Free extra repayments and free redraw facility. No ongoing fees. Option for a split account available. Up to 90% LVR. Winner of the Offset Home Loan Expert's Choice Award for 2021.

    • 2.52% p.a. variable

    • 2.55% p.a.

    • $785

    • $0.00

    • $300.00

    • yes - free

    • yes - free

    • Optional - $10 per month

    • $785

    • 90.00%

    • $200,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Well Balanced

    Details Close

  • Suncorp

    2.59% p.a. variable

    2.60% p.a.

    $1234

    Product details Close details
    Back to Basics Special

    LVR<90%, Owner Occupier, Principal & Interest

    2.59% p.a. variable

    2.60% p.a.

    No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply. Minimum 10% deposit.

    Back to Basics Special

    No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply. Minimum 10% deposit.

    • 2.59% p.a. variable

    • 2.60% p.a.

    • $0

    • $0.00

    • $350.00

    • yes - free

    • yes - free

    • no

    • $0

    • 90.00%

    • $150,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    • $3,000 solar home bonus cashback, for houses with solar generation, loan amount $500k+, <90% LVR and approved before 31 December 2021.

    Read our Mozo Review to learn more about the Back to Basics Special

    Details Close

  • Great Southern Bank

    1.97% p.a.
    fixed 3 years

    3.86% p.a.

    $1234

    Product details Close details
    Fixed Rate Loan

    Owner Occupier, Principal & Interest

    1.97% p.a.
    fixed 3 years

    3.86% p.a.

    No annual or ongoing monthly fees. Fee free extra repayments. Free redraw facility.

    Fixed Rate Loan

    No annual or ongoing monthly fees. Fee free extra repayments. Free redraw facility.

    • 1.97% p.a.
      fixed 3 years

    • 3.86% p.a.

    • $835

    • $0.00

    • $500.00

    • yes - up to $5,000 during fixed rate term

    • yes - free

    • no

    • $835

    • 95.00%

    • $10,000

    • $5,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Monthly

    • Receive $3,000 cashback and have the establishment fee waived when you refinance with Great Southern Bank before 31 October 2021 and settle the loan before 31 January 2022, min lending of $250,000 and maximum 80% LVR.

    Read our Mozo Review to learn more about the Fixed Rate Loan

    Details Close

^See information about the Mozo Experts Choice Home loans Awards