Changes to the ANZ Home Loans Switching Cashback Discretion

Effective from 10 March 2022, the ANZ Home Loans Switching Cashback Discretion will change, and new cashback amounts, and eligibility criteria will apply. The new criteria will apply to new applications submitted between 10 March and 09 June 2022 (inclusive) and drawdown by 16 September 2022. The previous ANZ Home Loans Switching Cashback Discretion will cease with a final available date of 9 March 2022.

Eligibility Criteria:

• The cashback applies to OFI Refinances for $250,000 and above of new to ANZ Lending.
• The cashback amount will be determined by the bank assessed LVR (loan to value ratio). The following LVR bands will apply

• The nominated payable account must be an ANZ Access Advantage or ANZ One Offset Account in the name(s) of one of the borrower(s)
• Non-Home Loans, Home Loan in a Company Name products and other short-term loan arrangements (including bridging and construction loans) are excluded from this offer.

*LVR will be calculated based on bank assessed security value on the application(s). For applications that are cross-collateralised and/or have multiple securities, the LVR will be determined based on the application structure as it has been approved. Existing loans and security positions unrelated to the application(s) will not be considered when determining overall LVR for this offer.

• To ensure your customer receives the cashback payment please ensure you complete the OFI Refinance Payment form and submit via email to ServicingAccountMaintenance@anz.com within 14 days of settlement. An updated form will be available on the Broker Portal

In-flight applications:

• For applications submitted prior to 10 March 2022, the previous Switching Cashback Discretion applies.
• For applications submitted on or after 10 March 2022, the new Switching Cashback Discretion applies.

Key changes include:

• Payable Cashback Amount based on bank assessed Loan to Value Ratio (LVR).
• Reminder that the cashback discretion offer is not applicable for Loans below $250,000 new to ANZ Lending.
• Cashback amount must be paid to either an ANZ Access Advantage or ANZ One Offset Account.
• Cashback is not available for Home Loan in a Company Name, non-Home Loans or other short term loan arrangement products.

Eligible home loans

• ANZ Standard Variable Rate Loan
• ANZ Fixed Rate Loan
• ANZ Simplicity PLUS Loan
• ANZ loan product which permits a borrower to draw down credit progressively for the purchase and/or construction of a property or a home
• ANZ bridging loan
• Residential loans in a company name
• Residential loans in the name of a trust

Ineligible Home Loans

• Equity Manager
• Other lines of Credit

Exclusions

• Non-Credit Critical (NCC) Applications
• Internal ANZ Refinances (e.g. New Loan containing the same borrower(s))
• Credit Cards and Personal Loans

Conditions

• Must include an OFI Home/Residential Investment Loan
• 1 cash back offer per customer within any 12-month period
• This switching cashback offer is not available in conjunction with any other advertised switching offers (but is available in conjunction with any special interest rates discounts available to the customer)
• Cash back account: Must be an ANZ Transaction Account (cannot be OFI/Cheque)

Note:

Important note: ANZ’s home loans switching cashback discretion can be varied by ANZ from time to time and may be withdrawn at any time.

ELIGIBILITY CHANGES FOR FIRST HOME BUYERS CONVEYANCING REBATE

Effective Sunday 1 August 2021, ANZ First Home Buyer Conveyancing rebate eligibility criteria will be updated.

Upon request, ANZ will reimburse conveyancing fees ‘up to $1,000’ for first home buyer applications that meet the following criteria:

• All applicants must be a genuine first home buyer, meaning all applicants (excluding Guarantors) must not have previously owned a home (or have a spouse who owned a home) in Australia. Applicants no longer need to be a recipient of a state First Home Owners Grant (FHOG) and/or Stamp duty reduction to receive this rebate.
• Applicants must take out new lending of at least $250k.
• Applications must be submitted between Sunday 1 August 2021 and Friday 29 July 2022, and drawn by Monday 31 October 2022.
• This offer applies to products for Owner Occupied properties only. Eligible products include Standard Variable, Fixed and Simplicity Plus products. The following products are excluded: Equity Manager, Residential Investment Loan and Home Loan in a Company Name/Trust.
• A rebate will only be eligible for payment into an ANZ Access Advantage or an ANZ One offset account.
• Applicants must provide proof of conveyancing costs to their Lender within 30 days of loan drawdown.

What you need to know:

To initiate the rebate, please process the First Home Buyer and Conveyancing rebate form available via the Broker Portal and submit to servicingaccountmaintenance@anz.com.

• Rebate requests that exceed 45 days’ post drawdown will not be processed.