Cave Financial Services

Interest-free loans available for Home Insulation

Sat July 6th 2019

Cold, damp, and mouldy homes are a huge social and economic problem in New Zealand, resulting in health problems, expensive energy bills, and degradation of homes.

Healthy homes have been a priority of the government, and as a result comes the introduction of the Healthy Homes Guarantee Act. But now ANZ have launched a major initiative for their home loan customers. Last year they announced that they would be making $100m of interest-free top-up lending available to customers wishing to insulate their homes so they can enjoy a warmer, healthier home.

From July 8th they will be extending this offer to customers wishing to purchase and install heat pumps in their homes, meaning they can now apply for interest-free borrowing for both insulation and heat pumps - up to $5000 for each!

Summary of the offer

  • Maximum of two interest-free loans (one for insulation, one for heat pumps) per security held with ANZ (limited to two securities) up to $5000 per loan
  • Maximum of four loans per customer
  • The loans will be fixed over a maximum period of four years at 0% p.a


  • The loan is for the purpose of home insulation or heat pump installation only
  • Each loan is limited to a maximum of $5,000 or the value of the quote, whichever is lower
  • Lending is subject to normal lending criteria, including an affordability assessment
  • The customer is responsible for paying the installer
  • We'll advance the loan upon receipt of the quote from a reputable installer and confirmation of an installation date.

If you have an existing home loan with ANZ and would like to apply for interest-free borrowing for home insulation, please contact us for more details.

Need some help?

Drop us a line using the form below and we'll be in touch to talk through your insurance or financial needs.

"I am thrilled with the advice and service Michael provided me for financial planning and for personal insurance. Trustworthy and a very nice chap! I highly recommend his services."
Andrew Malmo

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