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Bank of China – 5.68% p.a. Variable Home Loan or Refinance (Without Solar, 5.89% CPR) + $2,888 Cashback + Extra Broker Cashback

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Bank of China – 5.68% p.a. Variable Home Loan or Refinance (Without Solar, 5.89% CPR) + $2,888 Cashback + Extra Broker Cashback
Go to Deal
AssociatedRannar @ Rannar Financial Services on 07/04/2026 - 20:46 bankofchina.com (356 clicks)
Last edited 08/04/2026 - 19:44 by 2 other users

Bank of China's April 2026 promotion offers competitive variable rates and a solid cashback — available for both refinancers and new purchases. At 5.68% p.a. variable (OO), this sits well below the current market average of ~5.8–6.1%.

⚠️ Fixed rates increasing soon — consider a rate lock before it changes. Current SLA is now just 1–2 weeks — much faster than before.

Bank cashback: $2,888 (min $400k loan, refi or purchase)
Applications: 1 Apr – 30 Jun 2026 · Settle by 30 Sep 2026 — plenty of runway

+ Extra broker cashback on top:
$101 for every $100,000 of loan balance — separate ongoing offer, independent of BOC's cashback window.

$500k loan → $505 + $2,888 = $3,393 total
$600k loan → $606 + $2,888 = $3,494 total
$700k loan → $707 + $2,888 = $3,595 total

Paid in 2 instalments at month 12 and month 24. Min $400k loan. Hold through lender clawback period (18–24 months). Excludes construction and bridging loans.

Some lenders are also offering up to $3,000 cashback for loans of $700k and above. Our broker cashback is on top of that — not instead of it.

Why use a broker?
Free service. We negotiate across all major banks and most non-bank lenders — faster turnaround, better outcome. We act for you, not the bank.

Updated rates (LVR ≤80%, effective 1 Apr 2026):
- Variable OO (Discount): 5.68% p.a. (5.89% comp)
- Variable OO with Offset: 5.68% p.a. (6.07% comp)
- Variable Investment: 5.88% p.a. (6.08% comp) / with Offset: 6.26% comp
- Fixed 1–2 yr OO: 5.79% / Investment P&I: 5.89% / Investment IO: 5.79%
- Fixed 3–5 yr OO: 6.09% / Investment: 6.29%

Fees: $190/yr (no offset) · $395/yr (with offset) — first year waived with BOC direct debit

Refer a friend: Earn $200 for every successful referral.

Enquiries: Sach @ Rannar Loans — 0479 181 437 / info@rannar.com.au
Credit Rep 541742 · ACL 384324

Comparison rates based on $150,000 over 25 years. Rates subject to change. Australian income assessment applies. Lending criteria apply.

Original Bank of China cashback deal post & home loan rates for homes with solar

Financial Cashback Home Loan Loan Mortgage Broker Refinance

Related Stores

Bank of China
Bank of China
Rannar Financial Services
Rannar Financial Services
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Comments

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  • adrianhughes1998 on 07/04/2026 - 20:49

    How much cashback for a 1.35 million loan lol

    • hakiu on 07/04/2026 - 23:31
      +1

      Based on OP’s formula, the total amount should be $1,313 plus $2,888, equalling $4,201, payable in two instalments at months 12 and 24. From my experience, you will also be liable for a $350 discharge fee and approximately $300 in government registration fees.

  • Lucille Bluth on 07/04/2026 - 20:56
    +34

    So the last deal you posted yesterday claiming they didn't increase their rates was misleading and wrong, and now you repost it with the correct rates. Great.

    I would expect a broker to know what is obtainable and be up to date with the interest rates they are promoting to their clients.

    Bank of China – 5.43% Variable (5.64% CPR) + $2,888 Cashback — BOC Still Offering Pre-Rate-Rise Interest Rates (Unobtainable deal)

    • clubhonda on 07/04/2026 - 21:21
      +4

      Yeah, I wouldn't expect an Indian broker to know a Chinese bank all that well. Probably just looked up all the rates and advertised what's showing as the lowest on his system.

  • Rod M on 07/04/2026 - 21:55
    -4

    if war breaks out with China and Taiwan, the USA is engaged and ANZUS treaty is invoked, what happens to the loan?

    • feedchaser on 07/04/2026 - 22:10
      +1

      all your offset is locked out of access.

    • Ultramup on 08/04/2026 - 02:23
      +6

      Why would that be a problem? They cancel your mortgage? Oh no…..

    • bumluffa on 08/04/2026 - 10:00
      +1

      You're really not very bright are you

  • Salternative on 07/04/2026 - 22:02
    +19

    Honestly mate, you cant even link the correct website, ( its linked to the chinese BOC website) , you post unobtainable deals and cant even put in an apology for the error, but do a copy and paste, says a lot for how you operate. God help those who go with you .

  • DoUKnowTheMuffinMan on 07/04/2026 - 22:31
    +7

    Based on above comments

  • Wiadro on 07/04/2026 - 22:49
    +4

    got a better deal with the Bank of Iran.

    • cheapskate101 on 08/04/2026 - 18:39

      That would be good. Borrow $5 million, wait for Trump to nuke and genocide the whole civilisation, no need to pay back the loan!

  • Ultramup on 08/04/2026 - 02:21
    -4

    A lot of hate for brokers on Ozb, should really support the last of the brokers that offer broker cb.

    Info like interest rates and the website itself can be found through a quick google search as part of your own due dilligence in real time.

    BOC did have a pretty poor rep but sounds like turnaround time is getting better.

    • Clear on 08/04/2026 - 07:11
      +5

      You shouldn't support incompetent brokers if they can't even get the basics right. Especially when they never make any effort to comment or reply to people.

      • Clear on 09/04/2026 - 10:04

        Broker is no where to be seen. Says it all

  • NonSense on 08/04/2026 - 08:12
    +1

    Fail so hard

    LOL

  • D0nny on 08/04/2026 - 08:25
    +2

    I usually don't down vote but this is getting rediculous… As per above.

    Also ask your broker about turnaround times of BOC to ensure those fixed rates actually can be secured.
    Previously it took several weeks to be on top of the assessment pile with them.

    • donny donny on 08/04/2026 - 11:58
      +2

      I'm with Donny on this one.

      There is another broker here that provides better information.

      • D0nny on 08/04/2026 - 14:18
        +2

        +1 for your name <3

  • clubhonda on 08/04/2026 - 12:45
    +1

    Broker hasn't even linked to the right page for rates. If you click on his link, it takes you to a page in Chinese! How is that useful for us?

  • everydollarcountau on 02/05/2026 - 16:08

    Out of interest the SLA is really 1-2 weeks now? Would it be applicable to those with simple income only i.e. PAYG + rental income?

    I used to understand they look at bank statements and expense very close. Is that still the case for PAYG + rental income?

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