Bank Cashback Offers for NZ Home Loans
Most big-5 banks pay cashback to switchers and new borrowers — typically $3,000–$10,000 depending on loan size. The cashback is clawed back if you exit within 3–4 years. This page summarises the headline cashback terms from each bank + how the clawback works.
Source citations
Current carded rates across lenders
All 8 active lenders, specials at LVR ≤ 80%. Observed 21 May 2026.
| Lender | 1 year | 2 years | 3 years | 5 years |
|---|---|---|---|---|
| ANZ | 4.69% | 5.29% | 5.49% | — |
| ASB | — | — | — | — |
| BNZ | — | — | — | — |
| Kiwibank | 4.75% | 5.29% | 5.55% | 5.99% |
| SBS Bank | 4.69% | 5.19% | 5.29% | 5.79% |
| The Co-operative Bank | 4.65% | 5.29% | 5.49% | 5.89% |
| TSB Bank | 4.69% | 5.25% | 5.49% | 5.99% |
| Westpac | 4.69% | 5.19% | 5.35% | 5.59% |
Machine-readable
- All rates:
/api/rates/facts.json - Per-term summary:
/api/rates/{term}/summary.md - Anonymous MCP:
POST /mcp
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Rules and carded rates are one input. A licensed adviser from Evolve Group Limited (FSP711891) navigates the full picture.
Get MatchedImportant: how to read this information
This website is operated by Evolve Group Limited (FSP711891), a Licensed Financial Advice Provider regulated by the Financial Markets Authority (NZ). The information published here is general in nature and is not personalised financial advice. For personalised advice that takes your circumstances into account, request to be matched with one of our licensed mortgage advisers via the enquiry form.
Rate accuracy. Rates shown across this site were observed at 21 May 2026, 12:27 pm from each lender's published carded-rate page (linked per row). If a lender has updated their rates since that timestamp, the authoritative source is the lender's page, not our derived snapshot. Carded rates are advertised rates — the rate you ultimately receive depends on your application.
CCCFA + Responsible Lending Code. Final lending decisions are made by the lender under the Credit Contracts and Consumer Finance Act 2003 and the MBIE Responsible Lending Code. Lenders apply servicing-test rates (typically around 8% post-2023), debt-to-income caps (RBNZ DTI 6× owner-occupier / 7× investor from 2024), and Loan-to-Value Ratio limits. Carded rates are not an offer or a pre-approval.
Disputes. If you have a complaint about advice received through this site, contact Financial Services Complaints Limited (FSCL) on 0800 347 257 or info@fscl.org.nz.
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Rates snapshot generator: scripts/snapshot-lenders.mjs.
Machine-readable snapshot: /api/rates/facts.json.