--- title: "BOC mortgage cashback exceeds 1%, analysis expects it to play a leading role, overall cashback rate expected to reach 1.5%" type: "News" locale: "en" url: "https://longbridge.com/en/news/283279654.md" description: "BOC HONG KONG (2388) has launched a mortgage cash rebate exceeding 1%, with a maximum of 1.2%, becoming the first major bank to break the 1% barrier. Analysts believe that this move will drive an overall increase in mortgage rebates, with the overall rebate rate expected to rise to 1.5%. The bank's rebate rate is the highest among major banks, and the loan amount requirements have been lowered, applicable for refinancing. Customers should comprehensively compare various mortgage plans based on their own circumstances" datetime: "2026-04-20T01:50:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283279654.md) - [en](https://longbridge.com/en/news/283279654.md) - [zh-HK](https://longbridge.com/zh-HK/news/283279654.md) --- # BOC mortgage cashback exceeds 1%, analysis expects it to play a leading role, overall cashback rate expected to reach 1.5% In response to the low-interest fixed mortgage plans launched by three major banks including HSBC, it is rumored that BOC Hong Kong (2388) is countering with a mortgage cash rebate exceeding 1%. The latest cash rebate for large mortgage loans from the bank can reach up to 1.2%, making it the first major bank to offer a rebate that surpasses 1%. Analysts believe that this breakthrough by a major bank will have a leading effect, driving an overall increase in mortgage rebates. Previously, the cash rebate cap for BOC Hong Kong's mortgages was 1%. It is rumored that the bank has recently raised the cash rebate for loans over HKD 5 million to between 1.05% and 1.2%, depending on the loan amount. If the loan amount reaches HKD 10 million or more, the rebate will be 1.2%. Currently, the 1.2% rebate level is mostly offered by small to medium-sized banks, with major banks rarely exceeding 1%. Regarding the increase of major banks' mortgage rebates to 1.2%, the CEO of Starry Valley Mortgage Referral, Zhuang Jin Hui, believes that raising the mortgage rebate can directly benefit customers. The fact that a major bank has first broken through 1% will have a leading effect, driving an overall increase in mortgage rebates. He mentioned that the second quarter has traditionally been a peak season for banks to attract mortgage customers, and with the property market sentiment improving this year, it is expected that other banks will respond and actively offer mortgage rebates, with the overall rebate rate in the mortgage market likely to rise to 1.5%. ## It is advisable to comprehensively compare various mortgage plans He added that the rebate rate of this major bank is the highest among major banks, and the loan amount requirements have been lowered. For example, for loans over HKD 7 million, the rebate reaches 1.1%; for loans below HKD 5 million, the rebate is also close to 1%, and it is applicable for refinancing, representing a comprehensive upgrade. He also reminded that currently, banks' mortgage plans are diverse, including fixed-rate mortgages and penalty-free plans. Customers should choose based on their own circumstances and comprehensively compare factors such as interest rates, rebates, and penalty periods ### Related Stocks - [02388.HK](https://longbridge.com/en/quote/02388.HK.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [BACHY.US](https://longbridge.com/en/quote/BACHY.US.md) - [03988.HK](https://longbridge.com/en/quote/03988.HK.md) - [601988.CN](https://longbridge.com/en/quote/601988.CN.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) ## Related News & Research - [Travel Expert Reports Cyber Intrusion but Says Operations Remain Stable](https://longbridge.com/en/news/283331953.md) - [11:47 ETChiquita Brings Bold Flavor and Fresh Energy to CPMA 2026](https://longbridge.com/en/news/283863998.md) - [Credit card issuer Mission Lane applies for bank charter](https://longbridge.com/en/news/283560304.md) - [ZAWYA: ESET launches Cloud Workload Protection and AI enhancements for ESET PROTECT customers](https://longbridge.com/en/news/283318905.md) - [CIF/FOB Gulf Grain-Corn barge bids mixed, soy firms as farmer sales cool](https://longbridge.com/en/news/283899721.md)