Bank of China Fixed Rate Home Loan (Principal and Interest) 5 years | Review & Compare Home Loans

Fixed Rate Home Loan

Interest Rate

6.89

% p.a

Fixed - 5 years

Comparison Rate*

6.24

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$2,099

based on $300,000 loan amount for 25 years at 6.89%

Interest Rate

6.89

% p.a

Fixed - 5 years

Comparison Rate*

6.24

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$2,099

based on $300,000 loan amount for 25 years at 6.89%

Calculate your repayments for this loan

Your estimated repayment

$2,099

based on $300,000 loan amount for 25 years at 6.89%

Based on your details, you can compare and save on the following home loans

Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.16

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.06

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

More Features

Monthly Repayment

$1,438

based on $300,000 loan amount for 25 years at 3.1%

Interest Rate

3.10

% p.a

Variable

Comparison Rate*

3.12

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Quick home loan review

For Fixed Rate Home Loan (Principal and Interest) 5 years

These are the benefits of this home loan.

No upfront fees

These are the drawbacks of this home loan.

No redraw and no offset
Higher than average interest rate
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) 5 years

Details
Features
Fees
Application method

Details

Maximum LVR 90%	Total Repayments $629,700 View repayment schedule »
Next LVR	Interest rate type Fixed - 5 years
Borrowing range $150k - $100m Calculate how much you can borrow	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	Offset account No
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
Legal fee $0	Valuation fee $0
Settlement fee 0	Other upfront fee 0
Ongoing fee $190 annually	Discharge fee 250

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Target Market Determination

Visit Bank of China to view Target Market Determination.

Other Restrictions

Other fees may apply

Checkout more home loans

Interest Rate

5.95

% p.a

Fixed - 5 years

Comparison Rate*

4.49

% p.a

No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

Interest Rate

6.19

% p.a

Fixed - 5 years

Comparison Rate*

5.27

% p.a

No ongoing fees

Real Time Rating™

Interest Rate

6.84

% p.a

Fixed - 5 years

Comparison Rate*

5.44

% p.a

Rewards

Earn 300,000 Qantas Points for eligible home loans over $300k ~ Ends in 10 days

Real Time Rating™

Interest Rate

6.39

% p.a

Fixed - 5 years

Comparison Rate*

4.58

% p.a

No ongoing fees
Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

Product data updated on 9 Aug 2022

FAQs

The range you can borrow from this loan is $150k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

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

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

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

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

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

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