REFINANCE REBATE

* Melbourne Applicants Only because of compulsory face-to-face meeting requirements from BoC.

Get a $3,288 cashback for refinance loans or $2,000 for new purchase loans with Bank of China.

First year Annual Fee $0.

Loan Amount is greater than $400,000 and LVR ≤ 80%.

Eligibility Criteria

1. To qualify as a New Home Loan the loan must be an external refinance or a new purchase and the Borrower must set up a Bank of China account with a direct debit for loan repayments. Each customer (including each holder of joint accounts) can only participate once per Cashback within 12 months. Loan amount is no less than $400K and no LMI. The Cash Rebate is only payable up to 60 days from loan settlement and will only be paid to a Bank of China (Australia) Limited Transactional At Call account.
2. Special Interest Rates and Cash Rebates available for loan applications received from 1 May 2024 to 30 June 2024 and settled before 30 September 2024.
3. Promotional rates and cashback offer available for loan applications fully assessed on Australian sourced Income with an LVR ≤ 80%.
4. Each customer (including each holder of joint accounts) can only participate once per cashback offer.
5. Cashback applies for external refinanced or new purchase eligible loans if the borrower sets up a Bank of China account for direct debit of loan repayments
6. Cashback offer applies for home loan applications with new security property to Bank of China.
7. Only one discount can apply per loan.
8. No special offers for LMI applications or construction applications.
9. Any changes will be updated accordingly at any time without notice during this promotion period.