Important disclosure

Bank of China

Standard Variable Rate Investment Loan

  • Investor
  • Variable
  • 10% min deposit
  • P&I

Cashback

Refinance Cashback of $2,000 for refinances. $1,000 cashback for new purchases. Annual fee waived for new customers who setup direct debit of loan repayments. T&Cs apply.
~ Ends in 12 days

8.70%

p.a

8.76%

p.a

Real Time Rating™
Tags
  • Investor
  • Variable
  • 10% min deposit
  • P&I
Interest Rate

8.70%

p.a

Comparison Rate*

8.76%

p.a

ly Repayment

$0

based on $500,000 loan amount for 25 years at 8.7%

Standard Variable Rate Investment Loan

No owner occupier products available.

Bank of China Variable Rate Home loan overview

For Standard Variable Rate Investment Loan (Principal & Interest)

Details

Maximum LVR

90%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Investors

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

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

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$250

Specials
  • Cashback Refinance Cashback of $2,000 for refinances. $1,000 cashback for new purchases. Annual fee waived for new customers who setup direct debit of loan repayments. T&Cs apply.

Other Restrictions

Other fees may apply

Pros and cons

For Standard Variable Rate Investment Loan (Principal & Interest)

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
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Comparison Rate*

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Comparison Rate*

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $0 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 $350 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.