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Loans & Banking Packages

The New Zealand Defence Force has partnerships with ANZ and with the Police Credit Union to offer members of the Defence Force and their whānau banking services to reach their financial goals.

Police Credit Union Package

The Police Credit Union (PCU) is a not-for-profit organisation that has been dedicated to supporting New Zealand Police members and their families for over 50 years. Today, PCU is proud to extend its services to NZDF members, Veterans, ex-NZDF personnel and their families. As a member-focused organisation, all profits are reinvested to provide valuable benefits, which include:

First home loans

First Home TOGETHER is a special home loan package designed to get you in your first home faster. With Deposit Help, the Police Credit Union (PCU) covers up to 10% of your deposit interest-free, so you only need to save half of the standard 20% deposit. PCU also provides a regular home loan to cover the rest. There are no restrictions on your household income, and you can choose any home, regardless of its value.

Personal and car loans

You can get a personal loan for things like buying a car, consolidating debt, taking a holiday, or celebrating special occasions. It’s easy to apply. There are no penalties for paying off your loan early or making lump-sum repayments.

Retire Easy Reverse Mortgage

Retire Easy is a loan for people aged 67 and over that lets you access cash from your home to make retirement easier. It’s also known as a “reverse mortgage” or “reverse equity” mortgage. You can use the money while keeping ownership of your home, and you don’t need to repay anything until you sell your home, move out permanently, or pass away.

The money can be used for anything you need, like home repairs, travel, paying off debt, or medical bills. There are no regular repayments required, but you can choose to pay back part or all of the loan anytime. Interest is charged once a year, which keeps the costs lower. You can stay in your home as long as you like, and it stays yours. 

Accounts and Term deposits.

A range of spending and saving accounts to get you to your goals faster.

  • Spending Account: Everyday banking with no monthly fees.
  • Achiever Saver: A flexible savings account.
  • Bonus Saver: Earn bonus interest by depositing $20+ monthly with no withdrawals.
  • Christmas Club: Save for Christmas with a bonus in November.
  • Future Saver: A kids’ savings account with bonus interest.
  • Term Deposits: Invest from $500 for competitive returns.

To be eligible for these packages and benefits you need to:

  1. Be a member of the Regular Force, Territorial Forces, Civil Staff, a family member of these groups, or a veteran and their family.
  2. Join the Police Credit Union (PCU).
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ANZ@work Elite Package

ANZ@work Elite’s package includes:

  • Discounted ANZ home loan interest rates – available even for borrowers with less than 20% equity.
  • Fee-free ANZ personal credit card – enjoy no annual account fee.
  • ANZ Freedom account – no monthly account fees.
  • Life insurance discount – receive a discount on premiums when you take out a new ANZ Life & Living Insurance policy.

To be eligible for the package discounts and benefits you need to:

  1. Be registered for the ANZ@Work Elite package.
  2. Be employed by the NZ Defence Force.
  3. Have your full salary or wages credited to an ANZ personal banking account.