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Bank of China

Fixed Rate Home Loan

Interest Rate

3.19

% p.a

Fixed - 4 years

Comparison Rate*

4.04

% p.a

Maximum LVR
90%
Real Time Rating™

1.46

/ 5
Monthly Repayment

$1,452

based on $300,000 loan amount for 25 years at 3.19%

Interest Rate

3.19

% p.a

Fixed - 4 years

Comparison Rate*

4.04

% p.a

Maximum LVR
90%
Real Time Rating™

1.46

/ 5
Monthly Repayment

$1,452

based on $300,000 loan amount for 25 years at 3.19%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,452

based on $300,000 loan amount for 25 years at 3.19%

Quick home loan review

For Fixed Rate Home Loan (Principal and Interest) 4 years

These are the benefits of this home loan.

  • Lower than average interest rate
  • No upfront fees

These are the drawbacks of this home loan.

  • No redraw and no offset
  • Loan reverts to higher rate after fixed period
  • Not available for first home buyers
  • Ongoing fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Fixed Rate Home Loan (Principal and Interest) 4 years

TMD

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 4 years

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

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

$190 annually

Discharge fee

250

Application method

Online

Phone

Broker

In branch

Specials
  • Cashback Refinance Cashback of $3000 for externally refinanced and $888 for new purchases.
    Promotional rates and cashback offer available for loan applications received from 1st January 2022 to 31st March 2022 and settled before 30th June 2022. Promotional rates and cashback offer available for loan applications fully assessed on Australian Income with an LVR ≤ 80%. Each customer (including each holder of joint accounts) can only participate once Cashback offer. Cashback applies for external refinanced eligible loans if the borrower sets up a Bank of China account for direct debit of loan repayments Cashback offer applies for home loan applications with new security property to Bank of China. No special offers for LMI applications.

Target Market Determination

Visit Bank of China to view Target Market Determination.

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 $150k 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 90 percent, which means it requires a minimum deposit of 10 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?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

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