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
- 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.
- 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.
- Promotional rates and cashback offer available for loan applications fully assessed on Australian sourced Income with an LVR ≤ 80%.
- Each customer (including each holder of joint accounts) can only participate once per cashback offer.
- 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
- Cashback offer applies for home loan applications with new security property to Bank of China.
- Only one discount can apply per loan.
- No special offers for LMI applications or construction applications.
- Any changes will be updated accordingly at any time without notice during this promotion period.
