Hello OzBargainers,
Hope you're all doing well.
Bank of China has extended their cashback offer until the end of September, and is offering super competitive deals, whether you want variable rate or fixed rate.
- $4288 cashback for refinance and $2000 for property purchase, paid within 2 months of settlement.
- 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) | 5.43% (CR 5.81%) | 5.53% (CR 5.91%) | 5.79% (CR 7.83%) |
| Investment (Principal & Interest) | 5.93% (CR 6.30%) | 6.03% (CR 6.40%) | 6.09% (CR 8.13%) |
| Investment (Interest Only) | 6.23% (CR 6.60%) | 6.33% (CR 6.70%) | 6.19% (CR 8.15%) |
- Indicative fees: $395 annual fee for variable rate loan ($190 for fixed rate loan if not split with variable), 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 5.75% (CR 5.75%)
- 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 5.72% (CR 6.06%)
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
Imagine being a '50-cent' army on Ozbargain. How can you stoop so low and try to pass away with such blatant lies.
Here let me help you:
"Implementation
In March 2018, Reuters reported that restrictions on citizens and businesses with low social credit ratings and thus low trustworthiness, would come into effect on 1 May 2018.[46][47] By May 2018, several million flight and high-speed train trips had been denied to people who had been blacklisted;[35] as of March 2019, 13 million people were on the list.[8]
By 2018, some restrictions had been placed on citizens which state-owned media described as the first step toward creating a nationwide social credit system.[34][35][36][37][38][39][excessive citations]
In 2019, a Hebei court released an app showing a "map of deadbeat debtors" within 500 meters and encouraged users to report individuals who they believed could repay their debts.[48] A spokesman of the court stated that "It's a part of our measures to enforce our rulings and create a socially credible environment."[49]
In April 2019, the People's Bank of China announced that a new version of the Personal Credit Report would be put out which allows the ability to collect more personal information. State-run media has described it as "more detailed, more comprehensive and more precise."[50]
As of June 2019, according to the National Development and Reform Commission of China, 26.82 million air tickets as well as 5.96 million high-speed rail tickets had been denied to people who were deemed "untrustworthy" (失信) (on a blacklist) and 4.37 million "dishonest" people had chosen to fulfill their duties required by the law.[51][52] In July 2019, additional 2.56 million flight tickets as well as 90 thousand high-speed train tickets were denied to those on the blacklist.[53]
In a 2022 directive, the State Council stated that it will "actively explore innovative ways to use the credit concept and methods to solve difficulties, bottlenecks, and painful points that restrict the country's economic and social activities."[24]
By 14 November, 2022, a draft law called Establishment of the Social Credit System for fine-tuning the Social Credit System was posted[where?] for one month.[54]"