The offer is available until Aug. 5
Bank of New Zealand (BNZ) is offering new home loan customers up to 1% of the value of their loan as cashback up to $20,000.
To be eligible for the offer, customers must have at least a 20% deposit, be borrowing $400,000 or more in new lending, and be drawing down by Aug. 26. The offer is available until August 5.
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“BNZ is thrilled to be offering this market-leading cashback offer, giving people more cash in their hand to cover the costs of buying and selling, which we know will be welcome during a time of rising costs,” said Karna Luke, BNZ executive, customer, products, and services. “We also hope there’s even a bit left over for a something nice to make your new house truly your new home.”
The BNZ offer could mean over $10,000 in cash back for a customer buying around the average for an Auckland property. That is higher than the cap other banks have put on their offers. Meanwhile, an average first-home buyer nationwide, borrowing around $530,000 for their first home, could get $5,300.
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“We know there’s a lot of chat about credit being harder to get right now, but we can assure anyone thinking about taking up this awesome offer with BNZ that we’ll work as hard as possible to get your lending approved and you into your new home with this cash in your hand,” Luke said.
For more info about the offer, visit the BNZ website.
