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.

"Michael has consistently provided excellent service, financial advice, support and follow-up on insurance services for my business. I would highly recommend Michael to anyone needing clear and honest financial advice."
James McGoram

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