- Home
- Home Loans
- Bank of China
- Standard Variable Rate Home Loan
Standard Variable Rate Home Loan
- Special
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Waived first year annual fee of $395 for all new applications if a direct debit account of loan repayments.
Promotional rates and cashback offer available for loan applications received from 1 April 2024 to 30 June 2024 and settled before 30 September 2024. Promotional rates and cashback offer available for loan applications fully assessed on Australian Income with an LVR ≤ 80%. No special offers for LMI applications. T&Cs apply.
Interest rate p.a.
8.39%
Comparison rate* p.a.
8.45%
Standard Variable Rate Home Loan
- Special
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
8.39%
Comparison rate* p.a.
8.45%
Calculate your repayments for this loan
Your estimated repayment
$3,806
based on 500000 loan amount for 25 years at 8.39%
Monthly Repayment
$3,806
Total interest
$870,036
Total payments
$1,370,036
Start date
04-2024
End date
04-2049
Pros and Cons
For Standard Variable Rate Home Loan
Benefits
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average interest rate
- Not available for first home buyers
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Bank of China Variable Rate Home Loan overview
For Standard Variable Rate Home Loan
Details
Maximum LVR
90%
Total repayments
$1,370,036
Interest rate type
Variable
Borrowing range
$0 - $100m
Suitable for
Owner Occupiers
Loan term range
0 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit Bank of China to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$350
Application fee
$350
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$250
Other Restrictions
Other fees may apply
