Hello OzBargainers,
Hope you're all doing well.
Are you looking for a low variable rate home loan with offset account, and do not need a local branch or internet banking with fancy features?
Bank of China is offering $4,288 cashback for a refinance and $2,000 cashback for a property purchase, main criteria below:
- Apply by 30 June 2023 and settle by 30 September 2023.
- Minimum loan size $250,000.
- LVR not more than 80%.
- Excludes foreign income earners.
- Excludes customers who received a cashback from them in the last 12 months.
Their interest rates are super sharp at the moment (updated 22/05/2023 with special offer after the May variable rate increase):
- Owner Occupied (Principal & Interest): 5.18% variable rate (CR 5.56%) at 70% LVR, 5.28% variable rate (CR 5.66%) at 80% LVR, 5.29% 2-year or 3-year fixed rate
- Owner Occupied (Interest Only): 5.58% variable rate (CR 5.96%) at 70% LVR, 5.68% variable rate (CR 6.06%) at 80% LVR, 5.69% 2-year or 3-year fixed rate
- Investment (Principal & Interest): 5.68% variable rate (CR 6.06%) at 70% LVR, 5.78% variable rate (CR 6.16%) at 80% LVR, 5.79% 2-year or 3-year fixed rate
- Investment (Interest Only): 5.98% variable rate (CR 6.35%) at 70% LVR, 6.08% variable rate (CR 6.45%) at 80% LVR, 6.09% 2-year or 3-year fixed rate
- Indicative fees: $395 annual fee for variable rate loan ($190 for fixed rate loan), waived valuation fee for property value <=$1m, legal fee/disbursements at cost
- Offset account available with the variable rate loan
On top of the bank's cashback, we're also offering our own broker cashback of between $1,000 and $4,000 depending on your effective loan balance (minimum $500,000).
Want to know more about the Bank of China offer or similar offers we have from other banks, such as Westpac, ANZ, AMP, Suncorp and more? Please call us on the number below, or email us with your number and we can give you a call 😀
Arman Soetanto
M: 0431 825 128
E: [email protected]
W: www.lendingclinic.com.au
Lending Clinic Pty Ltd (Credit Representative Number 511270) is authorised under Australian Credit Licence Number 384704
Most of our clients apply 1-2 months before the intended completion date :)
This ensures you go with a bank who's likely to still be the most competitive when the loan commences, and also the loan approval is still valid.