Bank of China is the oldest bank in China still in service today. It is the 5th largest bank in the world by market capitalization value. Locally, it holds over 70 years of experience serving the Singapore community. While it does have a personal banking segment, its core business remains to be in the corporate banking sector, providing expertise and specialising in China-related trade financing and settlements, and remittance services.
The mortgage loans from Bank of China are applicable to private properties as well as to HDB and Executive Condominiums. The packages are based either on the 3 month SIBOR or on the 3 month SOR rate and a special characteristic of their variable rate packages is that they offer the flexibility to switch between SOR and SIBOR rates without any charges to the home owner.
Fees and Charges
Bank of China Bank ATMs Transfer funds from your Bank of China Bank Savings or Current accounts to make your payment at CIMB Bank branches.
Express Payment machine Make a check or cash deposit at Bank of China Bank branches.
Phone Banking Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN.
• Singaporean citizens and permanent residents. • Foreigners who are residing and working in Singapore. • Malaysians that are looking to invest in properties in Singapore
Utilise iMoney’s home loan calculator to estimate your monthly repayments. If you are interested in taking out a BOC home loan, Click the apply button and fill in a simple application form and you will be attended by experienced mortgage consultants