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$3000 First Home Buyer Home Loan Cashback (Minimum Loan $250,000) @ ANZ

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$3000 First Home Buyer Home Loan Cashback (Minimum Loan $250,000) @ ANZ
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AssociatedMortgage Broker @ Lending Clinic on 05/01/2024 - 11:10 anz.com.au (403 clicks)

Hello OzBargainers,

Happy New Year & Wishing you an Amazing 2024!

ANZ has extended their cashback offer for those of you looking to buy your first home.
They are offering $3,000 cashback if you borrow at least $250,000.
You can borrow more than 80% of the property purchase price, although LMI insurance premium may apply.
They also offer LMI waivers if you hold certain qualifications such as medical doctors, accountants and lawyers, potentially can borrow 90%-95% of the property purchase price.

Cashback is available as an ongoing offer until further notice.

From the ANZ website:

  • Maximum one bonus per eligible loan, individual may only claim once.
  • Available for eligible First Home Buyers who purchase or construct their first property and take out an Eligible ANZ Home Loan of $250,000 or more.
  • To be eligible to receive the bonus First Home Buyers must hold an ANZ Access Advantage, ANZ Plus or ANZ One offset account at loan drawdown
  • Drawdown on the Eligible ANZ Home Loan(s) must take place within 180 days from applying.
  • Full Terms and Conditions available here.

ANZ is having very quick turnaround at the moment, and we're often getting negotiated interest rates much cheaper than the website, recently achieving variable rates between 6.14%-6.31% (CR 6.14%-6.31%).
No establishment fee, no annual fee, optional offset account available with $10 monthly fee.

Hope to help you get onto the property ladder soon!

Kind regards,

Arman Soetanto
M: 0431 825 128
E: [email protected]
W: www.lendingclinic.com.au
Lending Clinic Pty Ltd (Credit Representative Number 511270) is authorised under Australian Credit Licence Number 384704

Financial Cashback First Home Buyer Home Loan Loan

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closed Comments

  • cocomelon on 05/01/2024 - 11:17

    investment property IO?

    • AssociatedMortgage Broker @ Lending Clinic on 05/01/2024 - 17:34

      For Investment with Interest Only repayment, indicatively can get 6.59%. Please contact us so we can get more details and negotiate a pricing approval for you.

  • tomclancy on 05/01/2024 - 11:17
    +9

    we're often getting negotiated interest rates much cheaper than the website, recently achieving variable rates between 6.14%-6.31% (CR 6.14%-6.31%)

    Ouch - those rates are not competitive at all. Unloan (CBA) is 5.99% with zero fees. Factor in switching costs and the $3,000 cashback disappears in just a few months

    • Gdsamp on 05/01/2024 - 11:39

      Webpage design certainly inspired by Apple

  • faze on 05/01/2024 - 11:22
    +4

    What are the best rates everyone is seeing now? Im at 5.94% at 80% LVR with Westpac

    • park on 05/01/2024 - 11:23

      I'm on 5.89 with HSBC

      • mooreshady on 05/01/2024 - 11:30
        -2

        5.79 fixed with IMB.

      • BlackMamba666 on 05/01/2024 - 14:03

        Fixed or variable?

      • SirFrankGrimes on 05/01/2024 - 21:09

        Offset? Surely not at that rate

        • park on 05/01/2024 - 23:04

          Mine was a variable loan signed mid-year 2023, with redraw but not offset. Dunno what their offering is now, but they were good six months ago and hence probably worth checking

          • ham0718 on 15/01/2024 - 14:20

            @park: Hey mate - do you mind me asking how big your loan is and your LVR? I've been on fixed with HSBC for a couple of years and got a letter from them today saying my new variable rate will be 6.32% (with offset).

            Trying to figure out how much to argue with them when I call for a better deal.

            • park on 15/01/2024 - 15:00
              +1

              @ham0718: No worries, I send you a DM

    • klonky on 05/01/2024 - 13:17

      Also 5.94% with Bank of Melbourne

      • slappy on 05/01/2024 - 15:05

        Hi.

        Is this your current “negotiated” rate or for a new loan?

        Thanks

        • klonky on 05/01/2024 - 15:21

          Negotiated rate through broker.

      • Arsenal147 on 05/01/2024 - 15:48

        Is it offset account? Is it a new rate after including recent RBA rate increase?

        • klonky on 06/01/2024 - 07:21

          Offset account, it includes latest interest rate rise. We started with 5.44% but had 2 rises since.

          • Arsenal147 on 06/01/2024 - 12:19

            @klonky: Thanks mate, your feedback helped me alot. I think you got good deal.

            FYI, with LVR 80%, I was just quoted 6.07% for offset account with 650 AUD upfront fees.

            • Brick50 on 08/01/2024 - 23:59

              @Arsenal147: Currently on 6.09% with <70% LVR with BOM (Basic loan w/ redraw not offset)

              Bluffed them today and spoke to retention team, they said I was on their lowest rate and wouldn't do anything. Wonder if it's a different story when you actually submit the discharge form

              • tomclancy on 09/01/2024 - 10:21

                @Brick50:

                Wonder if it's a different story when you actually submit the discharge form

                Yes, when you called today you didn't speak to their retention team. You spoke to 1 or 2 levels up from tellers.

                Complete a [no obligation] discharge form and submit then wait 2 days for the real retention team to call you. BoM can do 6.04% with offset; depending on loan size down to 5.99% with offset at the moment

                • Brick50 on 09/01/2024 - 10:33

                  @tomclancy: I tried to refinance 2 months ago but couldn’t due to not enough employment history in new job.

                  Can I fill out BOM discharge using the details of the person from HSBC I tried to refi through?

                  Will BOM freeze my account for a payout figure when I submit the discharge?

                  I was with a small nab subsidiary and once I filled out and sent back discharge form I was unable to redraw etc. until the new refinance settled

                  • tomclancy on 09/01/2024 - 14:39

                    @Brick50:

                    Can I fill out BOM discharge using the details of the person from HSBC I tried to refi through?

                    You can put HSBC as the new bank and in the settlement representative section select "I don't know" to avoid putting anyone's contact details

                    Will BOM freeze my account for a payout figure when I submit the discharge?

                    Possibly. Depends on how busy their retention teams and settlement teams are. If settlement team gets to your request first, then yes loan will be frozen in time, but if retention team gets there first they can call you and give you the new rate before 'tearing up' the discharge form. If you absolutely need the redraw on a daily/ongoing basis then I would suggest you don't submit the form but rather wait until proper refinance

                    • Brick50 on 09/01/2024 - 14:42

                      @tomclancy: Can I just call up BOM again and get them to unfreeze the redraw and cancel the discharge if they do cancel?

                      • tomclancy on 09/01/2024 - 14:44
                        +1

                        @Brick50: Yes - can call and cancel the discharge anytime 👍

              • Arsenal147 on 11/01/2024 - 23:16
                +1

                @Brick50: Sorry mate, somehow missed your message. I am first time buyer and need to get it down before settlement. Could not get lower than 6.07%. However, I know few people who is with BOM and they got 6.04% offset and even lower than that. If you play smart and push them hard, definately you can make them to reduce your rate. It is kinda rip off with your LVR.

    • jabroni on 05/01/2024 - 13:24
      +1

      5.83% with BOC and free offset acc for 1 year

    • Arsenal147 on 05/01/2024 - 15:49

      Is it offset account? Is it a new rate after including recent RBA rate increase?

  • mr_asstight on 05/01/2024 - 11:48

    7%+ OO P&I IR?! no thanks

  • sicaboy on 05/01/2024 - 13:24

    This is for First Home. Not sure about refinancing

    • AssociatedMortgage Broker @ Lending Clinic on 05/01/2024 - 17:38
      +1

      For refinance we can get $2k cashback, same interest rate as for property purchase.

  • souths123 on 05/01/2024 - 13:30

    stay clear of Commbank…

    • sicaboy on 05/01/2024 - 14:53

      what happened if you don't mind to share?

      • souths123 on 05/01/2024 - 14:57
        -1

        they are just total crooks….many people will agree. I would never use them for any products after what they did to my son (nothing to do with home loans) There is a reason they make record profits every year……

  • Vancomycin 1000mg on 05/01/2024 - 15:05

    Is the nurses included in LMI waiver ?

    • AssociatedMortgage Broker @ Lending Clinic on 05/01/2024 - 17:41

      Nurses is not eligible for ANZ LMI waiver, but we have another bank who can do it. ANZ accepts some other medical professionals such as dentists and physiotherapists, chiropractors, optometrists and vets.

  • freedomofspeech on 05/01/2024 - 19:36

    6.04% with St George

  • Frozensage on 09/01/2024 - 16:47
    +1

    I find it hard to get banks to lower rate now. And even refinancing across from BOM to ANZ, they wouldn't match my existing rate of 6.24% for IP

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