Hello OzBargainers,
Hope you're all doing well.
Bank of China has amended their home loan interest rate offers but still ultra competitive, and they're still offering $4288 cashback for applications submitted by the end of September, and waiving the first year annual fee.
With not many home loan cashback deals still going around, they might be a good alternative to consider.
- $4288 cashback for refinance and $2000 for property purchase, paid within 2 months of settlement.
- Annual fee waived for the first year.
- Apply by 30 September 2023 and settle by 31 December 2023.
- Minimum loan size $250,000.
- LVR not more than 80%.
- Repayment direct debit must be from the Bank of China bank account/offset account, and a branch visit is required to open it.
- Excludes foreign income earners.
- Excludes customers who received a cashback from Bank of China in the last 12 months.
Some of the popular offers:
| Loan Type | Variable Rate (LVR <=70%) | Variable Rate (LVR 80%) | 2-Year Fixed Rate |
|---|---|---|---|
| Owner Occupied (Principal & Interest) | 5.58% (CR 5.96%) | 5.68% (CR 6.06%) | 5.79% (CR 7.83%) |
| Owner Occupied (Interest Only) | 6.08% (CR 6.45%) | 6.18% (CR 6.55%) | 5.99% (CR 7.87%) |
| Investment (Principal & Interest) | 6.08% (CR 6.45%) | 6.18% (CR 6.55%) | 6.09% (CR 8.13%) |
| Investment (Interest Only) | 6.38% (CR 6.75%) | 6.48% (CR 6.85%) | 6.19% (CR 8.15%) |
- Indicative fees: $395 annual fee for variable rate loan ($190 for fixed rate loan if not split with variable) (first year waived under current offer), free valuation for property value <=$1m, legal fee/disbursements at cost, Rate Lock fee $700 for fixed rate (optional)
- Offset account available with the variable rate loan, at no extra charge
We also work with other banks, such as the following:
- ANZ: $4000 refinance cashback & $3000 first home buyer cashback, variable rates from 5.79% (CR 5.79%)
- Bank of Queensland: $3000 refinance cashback, variable rates from 5.84% (CR 5.99%)
- ME Bank: $2000-$4000 refinance cashback per property, variable rates from 5.93% (CR 5.95%)
- St.George/Bank of Melbourne/BankSA: $2000 refinance cashback, variable rates from 5.82% (CR 6.16%)
Kind regards,
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
There’s no way I want a Chinese state owned business to gain access to the most private part of my life, financial wise.