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$3,288 BOC Refinance Cashback Variable Rate from 6.08% (CR 6.45%) p.a. + 0.15% p.a. Broker Cashback @ Bank of China

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$3,288 BOC Refinance Cashback Variable Rate from 6.08% (CR 6.45%) p.a. + 0.15% p.a. Broker Cashback @ Bank of China
Go to Deal
Associatedyouwintoo @ Mates Rates Mortgage Brokers on 13/09/2024 - 10:27 bankofchina.com (289 clicks)
Last edited 03/10/2024 - 08:42 by 2 other users

$3,288 Home Loan Refinance Cashback at Bank of China & $2,000 Purchase Cashback extended past September.

Effective date: 16/09/2024
Submitted between: 16/09/2024to 31/12/2024
Settled by: 31 March 2025
Special rates are only applied to all new applications
Cash back offer available for loan applications with minimum loan amount of $400,000 and <80%LVR

*CR – comparison rate does not include the BOC cashback or Mates Rates Exclusive 0.15%pa cash-back for BOC
** cash-back is 100% of the lender paid monthly trail commission paid to you every month

5.93% effectively with the inclusion of our Exclusive Mates Rates 0.15%pa cash-back.**

Australian Credit Licence No. 382805

Please feel free to email me at [email protected] or call 1300 558 161 and we will be happy to answer all your home loan questions
https://matesratesmortgages.com.au/

Trent Lee
Founder and CEO

Financial Cashback Home Loan Loan Mortgage Broker Refinance

Related Stores

Bank of China
Bank of China
Mates Rates Mortgage Brokers
Mates Rates Mortgage Brokers
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closed Comments

  • cooldog on 13/09/2024 - 10:31

    Thank you China，for paying Australian Medicare and Centrelink

    • [Deactivated] on 13/09/2024 - 11:24

      Huh?

    • HolyCr4p on 13/09/2024 - 14:09

      what is this post about ?

      • PainToad on 13/09/2024 - 14:19

        They mean the comment above isn't about homeloans. Rep needs to learn to use the 'reply' button.

  • gsxr600rr on 13/09/2024 - 10:33
    +7

    Sorry can you explain this a bit better before anyone contacts you and gives any private details? Is it for Owner-occupier or Investor. Existing loans (from other banks) or only new purchases?

    Any clawback? What's the clawback period?

    Quite a lot of info missing here for what is typically a despised broker advertising on OzB

      • Lucille Bluth on 13/09/2024 - 11:09
        +11

        Normal clawback applies

        In that case this isn't a deal. Sneaky to exclude such important details. Have a neg for not being transparent as well as for the practice.

        • cheekymonkey97 on 13/09/2024 - 11:36
          +3

          What does "normal clawback" mean?

          • daniesaurs on 13/09/2024 - 13:28

            @cheekymonkey97: You give back cashback if you leave the loan

            • roughana on 13/09/2024 - 13:38

              @daniesaurs: So if we refinance at any time in future, is the cashback taken back? or only if we don't stay for certain period?

    • roughana on 13/09/2024 - 11:36
      +5

      What is a clawback?

      • hippo2s on 13/09/2024 - 14:59
        +1

        For a broker to bring your business the lender gives the broker commission. However the customer has to stay with them for X period of time. If the takes the loan elsewhere before the clawback period ending then the commission is clawedback from the broker.

        The same can be applied to the borrower as well. Lender gives you cashback, but if you leave before the term you have to give back that cash back.

        It's a way for the lender to keep you with them.

        Btw, no idea what is 'normal'. Is that 6m 12m 24m?

  • AyTrain on 13/09/2024 - 10:34
    +2

    Hi Trent - I refinanced a month ago from St George to BOQ to get a better rate, can I refinance again now with you to BOC?

    • dylanozb123 on 13/09/2024 - 13:30

      Long story short, yes you can

    • AyTrain on 13/09/2024 - 11:24
      +3

      I would rather a yes/no

      • PainToad on 13/09/2024 - 12:08
        +6

        But then they can't harvest your personal details.

  • roughana on 13/09/2024 - 10:40
    +1

    Do you have an Interest Only product for investors? maximum IO period? rate? establishment fees?

  • itslittfam on 13/09/2024 - 11:21
    +11

    Not transparent about clawback. Not a deal

  • jeppetto367 on 13/09/2024 - 11:33
    +17

    OP your deal has potential to be a good deal, unfortunately you're treating OzBargain as though you're doing a mass mail out to the public when in reality you're targetting educated users looking for the best deal possible.

    I work in sales and work simiarly to you for many customers, here you're going to have to post all the details/terms/etc for users to make their own informed desicions rather than asking them to contact you while hiding important information.

  • Herb Utsmellz on 13/09/2024 - 11:34

    6.45% CR… not great

  • jabroni on 13/09/2024 - 11:38

    ive been on BOC 5.83% since dec

  • Dealsclaw on 13/09/2024 - 11:40
    +16

    Please do not choose Bank of China as your lender even if they offer you very low interest rate. it not worth it. Go with any lender but NOT bank of china. They stuffed me up for more than six months with 2 credit enquires. Very poor processes and communication. I have a simple straight forward application with Payg. Very poor experience.
    Save yourself some pain…

    • ANoobishFellow on 13/09/2024 - 15:36

      Sorry, CCP says your missing money never existed.

  • nokia6400 on 13/09/2024 - 11:50
    +1

    My experience with BOC has been pretty good tbh and the rate/cashback were both honored no issue. Refinance process was a lot smoothier and faster than I expected, all completed within about a month and over, during xmas and NY period. I have heard some others' experiences weren't so great.

  • MeatyOne on 13/09/2024 - 12:42
    -6

    Anyone taking out a loan with Bank of China should just leave the country or give up their property. Absolutely disgraceful that they're even allowed to give home loans.

    • princesszeldachechen on 13/09/2024 - 14:33
      -2

      aus gov allowed them to do business here

      • PainToad on 13/09/2024 - 16:35

        Are Australian Banks allowed to offer loans in China?

        Genuine question.

    • clubhonda on 13/09/2024 - 15:07
      -1

      What a rubbish comment which has no basis here. If you want to talk politics go elsewhere instead of clogging up bargain pages.

  • B Wat on 13/09/2024 - 12:47
    +1

    Cheap Chinese loans. Wouldn’t touch them if you want them to last more than 2 years

    • B Wat on 13/09/2024 - 12:47
      +2

      Sorry I thought this was a Tesla thread

  • F11HLL on 13/09/2024 - 13:43
    +1

    Clawback - deal breaker

  • skinny on 13/09/2024 - 14:28

    I wonder if I could not pay the loan, will BOC buy the house back at a very low price and keep it?

    • MeatyOne on 13/09/2024 - 19:42

      Of course not, it'll be turned into another suburban CCP police station.

  • princesszeldachechen on 13/09/2024 - 14:32
    +2

    CCP approved this deal

  • hippo2s on 13/09/2024 - 17:31
    +1

    OMG did the poster just literally re-wrote the entire post? LOL

  • roughana on 13/09/2024 - 17:40
    +1

    The re-write makes the whole post spam. Get rid of it.

    • hippo2s on 13/09/2024 - 23:58

      Say one thing, then do another. Doesn't help with building trust.

    • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 14/09/2024 - 09:57
      -1

      The post was receiving too much negative and ill informed comments and I was unable to delete it. I reduced the start and end date and added ton yesterday so it would expire,. I changed the post to what it was as it could not be left blank.

      • hippo2s on 14/09/2024 - 14:42

        TBH You will find ozb is a terrible place to get customers for mortgage products. I will own up that I would change in a heartbeat for better rates. And you get slapped with clawback.

  • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 14/09/2024 - 14:48

    I have requested moderators to delete the post

    As the broker used and written about by the Barefoot Investor since 2013 I this year passed the $13million of crediting cash-back to my clients loans helping them to pay their homes off faster.

    For lower interest rate recommendations with my exclusive cash-back send us some details and your contact details in an email to [email protected]

    • ps5amateur on 14/09/2024 - 17:03
      +1

      This article from the man himself would suggest otherwise: https://www.barefootinvestor.com/articles/barefoot-approved-…

      "…stay away from Unbiased Mortgage Brokers, and anyone else (other than financial counsellors from the National Debt Helpline) claiming that I recommend them."

      • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 17/09/2024 - 10:27

        Though I have not claimed to be recommended, I have only written used and written by which is factual but, unfortunately the information is useful for me to know as many people won't understand the difference and why I thank you for the heads up.

        • ps5amateur on 17/09/2024 - 14:26

          My apologies, I stand corrected. Your business is even mentioned in his book.

          • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 17/09/2024 - 14:28

            @ps5amateur: Correct and thank you for acknowledging, I was his broker he wrote about!

  • Associatedyouwintoo @ Mates Rates Mortgage Brokers on 17/09/2024 - 07:58

    Thanks for the heads up!

    • Ulysses31 on 21/09/2024 - 21:31

      @youwintoo
      I'm clearly not the only one disturbed by you hiding from simple questions, when trust is paramount with money.

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