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Bank of China

Discount Home Loan

Advertised Rate

2.68

% p.a

Variable

Comparison Rate*

3.13

% p.a

Maximum LVR
80%
Real Time Rating™

2.23

/ 5
Monthly Repayment

$1,373

based on $300,000 loan amount for 25 years at 2.68%

Advertised Rate

2.68

% p.a

Variable

Comparison Rate*

3.13

% p.a

Maximum LVR
80%
Real Time Rating™

2.23

/ 5
Monthly Repayment

$1,373

based on $300,000 loan amount for 25 years at 2.68%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,373

based on $300,000 loan amount for 25 years at 2.68%

Quick home loan review

For Discount Plus Home Loan (Principal and Interest)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No upfront fees
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility

These are the drawbacks of this home loan.

  • Not available for first home buyers
  • Ongoing fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Discount Plus Home Loan (Principal and Interest)

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

0 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Monthly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

0

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$395 annually

Discharge fee

450

Application method

Online

Phone

Broker

In branch

Other Benefits

For new borrowers who apply for Discount Plus Home Loan Product fully assessed on Australian Income with an LVR ≤ 70% can receive an additional discount of 0.1% p.a. Promotional rates and cashback offer available for loan applications received from 16 December 2020 to 31 March 2021 and settled from 1 January 2021 to 30 June 2021.

Other Restrictions

Other fees may apply

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $250k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Bank of China allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Bank of China allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Bank of China.