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$2000 Cashback on Home Loans Refinance (Customer Retention Offer) @ ANZ

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$2000 Cashback on Home Loans Refinance (Customer Retention Offer) @ ANZ
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everydollarcountau on 30/05/2026 - 15:48 anz.com.au (340 clicks)
Last edited 01/06/2026 - 17:42 by 2 other users

I recently received my targetted refinancing cashback of $2000 when I refinanced 2 loans to ANZ by applying directly with ANZ home loan banker.

Per AFR, this looks like the story is consistent that ANZ is offering $2000 for home loan retention at discharge + potential lower rate.

My OO variable 70% LTV P+I reduced from 6.13% to 6.09% with 1.5m+ with ANZ after some negotiation.

I know new loan to ANZ of $1m+ would be 80% LTV P+I OO for 6.04%/80% LTV P+I Inv for 6.21%.

Have a chat with ANZ for hunting the retention cashback and lower rate!

The information provided regarding home loan is for general informational purposes only and does not constitute financial advice. It is not tailored to your individual objectives, financial situation, or needs. Before making any financial decisions or applying for credit, you should consider your own circumstances and seek independent professional advice. The author/website is not a financial advisor, and reliance on any information here is solely at your own risk.

Financial Cashback Home Loan Loan Refinance

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  • MS Paint on 30/05/2026 - 15:52

    The information provided regarding credit cards

    Sorry. Where did you talk about credit cards?

    retention cashback

    Make sure you allow cookies and disable adblockers FFS

    • 1
    • everydollarcountau on 30/05/2026 - 16:01

      Oops was copying the disclaimer from previous ANZ Credit Card deal. Now fixed thanks OP

      • 0
      • MS Paint on 30/05/2026 - 16:30

        thanks OP

        Why are you thanking yourself?

        • 7
        • AaronRain on 31/05/2026 - 10:21

          insert Obama awarding himself meme

          • 1
  • Yaren24 on 30/05/2026 - 15:54

    Hi OP, what do you need to do to receive the cashback?

    • 0
    • everydollarcountau on 30/05/2026 - 16:05

      Per the AFR article….

      Mortgage brokers say ANZ, which is lagging the other major banks in the home lending market, is offering borrowers retention payments – typically $2000 – once they have submitted discharge paperwork. To retain customers, the bank is also offering fee waivers and discounts on competitors’ rates of between 15 and 20 basis points.

      If you are looking to stay at big4, I understand CBA rate could be quite good (but typically $395 annual package fee applies). Have a chat with your broker for a rate review. PM me if you need a broker contact.

      The information provided regarding home loan is for general informational purposes only and does not constitute financial advice. It is not tailored to your individual objectives, financial situation, or needs. Before making any financial decisions or applying for credit, you should consider your own circumstances and seek independent professional advice. The author/website is not a financial advisor, and reliance on any information here is solely at your own risk.

      • 0
  • Evostar on 30/05/2026 - 15:56

    We also got targeted on the release day of refinancing to hsbc.
    I had the Home Loan and a Residential loan at a way higher rate. They reduced both to 5.44% and $2000 cashback. (Still not received cashback as of yet / 90 days rqd)

    • -1
    • everydollarcountau on 30/05/2026 - 16:00

      Out of interest what is your LTV?

      • 1
      • Evostar on 30/05/2026 - 17:55

        46%

        • 0
    • dan76n on 30/05/2026 - 19:40

      Are you saying your current rate is 5.44% with ANZ?

      • 0
      • Evostar on 30/05/2026 - 20:14

        I wish! It’s gone up a few times since settlement. This was in the last 90 days.

        • 0
  • SetTheFaqUp on 30/05/2026 - 15:56

    What's the deal?

    • 0
  • Ash-Say on 30/05/2026 - 16:05

    With my loan being lower than $300k with them, I am doubted they would offer cashback?

    • 0
    • everydollarcountau on 30/05/2026 - 16:12

      Ya I think ANZ only generally targets loan side of $500k or above.

      • 0
    • k15866 on 30/05/2026 - 17:44

      My loan size is about the same and I applied with greater bank last October. ANZ offered me $2k to stay.

      • 0
  • Frozensage on 30/05/2026 - 16:21

    I used to take these retention offer, then refinance away anyway if the other bank is also offering a cashback since all the paperwork have been lodged. So maybe now ANZ just doesn't give u the rentention cashback straight away?

    • 0
  • bs0 on 30/05/2026 - 16:34

    Currently 6.04% p&I, ip, @anz

    • 0
    • Bargain-er on 30/05/2026 - 21:40

      Investment property, 6.04% is very good. May i know how much is borrowing? Ta

      • 2
  • DingoBlue on 30/05/2026 - 23:46

    Is ANZ Plus doing this too?

    • 0
  • kanu666 on 31/05/2026 - 11:33

    My rate with ANz is 5.94. which bank will give a better rate?

    • 0
    • dan76n on 31/05/2026 - 12:32

      We have 5.84% with Greater which is a 0.10 percentage point discount on their standard rate. We got the discount for having a low LVR. No idea what LVR you need to get it though.

      • 0
      • objtrim92 on 01/06/2026 - 16:50

        are they good? never heard this name before.

        • 0
        • YesPleaseThankYou on 01/06/2026 - 20:49

          Warning: Greater Bank and Newcastle Permanent require you to handover your other bank login details as part of the application process. You may be in breach of your current bank's terms and conditions if you share your login credentials.

          • 1
          • k15866 on 03/06/2026 - 07:17

            @YesPleaseThankYou: Not exactly. You can opt to go through a human, but the cashback drops by $500.

            • 0
            • YesPleaseThankYou on 03/06/2026 - 07:44

              @k15866: That option wasn't provided to me.

              Regardless, it's a pretty shitty practice for a bank to be promoting. It makes me wonder about the security and privacy practices of the Greater Bank and Newcastle Permanent.

              • 0
            • Ash-Say on 03/06/2026 - 07:46

              @k15866: I refinanced through them in Aug 2025 and my loan manager organised $2500 approval.

              No harm in asking and I uploaded all docs manually.

              • 0
  • thegreendroid on 13/06/2026 - 19:24

    Deal still on? LVR of 80%.

    • 0
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