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

By Ceyda Erem · · 3 min read
Fact Checked
Advertiser disclosure

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 

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more home loans here.
Last updated 5 December 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing
  • Promoted

    Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • First Home Buyer Loan

    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • For first home buyers
    • Offset available
    • Redraw available
    Interest rate
    4.99 % p.a.
    Variable
    Comparison rate
    5.04 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Competitive interest rate – 4.99% p.a. (comparison rate* 5.04% p.a.)
    • Offset account to reduce interest and save on repayments
    • No establishment or monthly fees, plus valuation fees waived up to $1,000 (limited time)

  • Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    Interest rate
    5.09 % p.a.
    Fixed 2 years
    Comparison rate
    5.43 % p.a.
    Initial monthly repayment
    $2,712
    Go to site
    • No ongoing annual fees
    • Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
    • Lock in for up to 5 years.

  • Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • Discount Great Rate Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.20 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • Get up to $3,000 cashback when you apply online (T&Cs apply)
    • No paperwork or payslips required (see site for details)
    • Low variable rate

  • Variable Home Loan 90

    • Owner occupier
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.29 % p.a.
    Variable
    Comparison rate
    5.33 % p.a.
    Initial monthly repayment
    $2,773
    Go to site
    • No monthly or ongoing fees
    • Option to add an offset for 0.10% p.a.

  • Offset Home Loan

    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.39 % p.a.
    Variable
    Comparison rate
    5.42 % p.a.
    Initial monthly repayment
    $2,805
    Go to site
    • No ongoing monthly loan maintenance fees to pay.
    • Pre-approval valid for 3 months
Showing 6 results from 380 home loans. Use the filters to see more

Want free expert advice on your home loan?

Whether you’re looking to purchase a new home or refinance your existing loan, our friends at Aussie can help! Book a free appointment for your weekly chance at $10K (T&Cs apply).

Learn more

* 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

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Compare home loans