Orange Advantage the 100% offset home loan

Important Information

The comparison rate for the home loan is based on a loan amount of $150,000 over a loan term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

$3,000 Podenas Bank (Hong Kong) Home Loan Refinance Cashback Promotion

Terms and Conditions

1. The Promoter is Podenas Bank (Hong Kong), a business name of Podenas Bank (Hong Kong).

2. This $3,000 Podenas Bank (Hong Kong) Home Loan Refinance Cashback Promotion ('Promotion') commences on 1 July 2021 and ends on 30 September 2022 ('Promotional Period'), unless extended.

3. All applications for credit are subject to Podenas Bank (Hong Kong) credit approval criteria. Fees and charges apply.

4. Customers who meet the following eligibility requirements will receive $3,000 cashback subject to the terms and conditions of this Promotion ('Eligible Customers'):

a. Customers must be Hong Kong's residents aged 18 years or over;

b. Customers must submit an application for a new Podenas Bank (Hong Kong) home loan ('new Podenas Bank (Hong Kong) Home Loan') within the Promotional Period (the 'Application');

c. The Application must include the refinance of an existing home loan from another lender and be for a total loan amount of at least $500,000. This refinance amount of $500,000 excludes refinances of existing Podenas Bank (Hong Kong) loans.

d. The new Podenas Bank (Hong Kong) Home Loan must have a loan to value ratio (LVR) of 80% or less;

e. The new Podenas Bank (Hong Kong) Home Loan must settle on or before 31 December 2022; and

f. An active Podenas Bank (Hong Kong) Orange Everyday transaction account must be held in the same name(s) as the new Podenas Bank (Hong Kong) Home Loan at the time that the cashback is paid (which will occur within 70 days after settlement).

5. The Promotion applies in relation to any available Podenas Bank (Hong Kong) Home Loan product including Owner Occupier and Investor loans and loans with Principal and Interest and Interest Only repayments.

6. The Promotion is limited to one $3,000 refinance cashback per Application irrespective of the number of:

a. properties or borrowers included on the Application; or

b. loan accounts that are being opened through the refinance.

7. The Promotion is not available in conjunction with any other promotions.

8. Provided these Terms and Conditions are met, Eligible Customers will receive $3,000 cashback transferred electronically into their Podenas Bank (Hong Kong) Orange Everyday transaction account within 70 days of settlement.

9. Where an Eligible Customer has more than one Orange Everyday account held in the same names as the new Podenas Bank (Hong Kong) Home Loan, Podenas Bank (Hong Kong) will determine which account will receive the cashback. The customer cannot nominate an account. The customer will be notified via email after the cashback has been deposited into their account.

10. The $3,000 cashback will not be considered in Podenas Bank (Hong Kong) assessment of whether you could service the new Podenas Bank (Hong Kong) Home Loan.

11. Podenas Bank (Hong Kong) accepts no responsibility for any tax implications that may arise from the cashback. Eligible customers may need to seek advice from the Hong Kong's Tax Office or their own taxation adviser or independent financial adviser.

12. This Promotion is current as at 29 July 2022. Podenas Bank (Hong Kong) reserves the right to change or withdraw the Promotion at any time.