Bank of China

Bank of China home loans

Bank of China has home loan rates starting from 2.29%.

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Bank of China is a Chinese bank operating in Australia and offers a range of home loans for Australian borrowers. Check out the full table of Bank of China products below or read more about the lender.

Compare Bank of China home loans for January 2022

$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Bank of China Fixed Rate Home Loan P&IHome 2Y Fixed≥ 10% Deposit

Bank of China Fixed Rate Home Loan
2.69%
4.10%
  • App: $0
  • Ongoing: $190 p.a.
$609
Enjoy the peace of mind of a rate locked in for two years.

Bank of China Fixed Rate Home Loan P&IInvestment 2Y Fixed≥ 10% Deposit

Bank of China Fixed Rate Home Loan
2.89%
4.38%
  • App: $0
  • Ongoing: $190 p.a.
$625

Bank of China Fixed Rate Home Loan P&IHome 1Y Fixed≥ 10% Deposit

Bank of China Fixed Rate Home Loan
2.29%
4.18%
  • App: $0
  • Ongoing: $190 p.a.
$578
A fixed rate home loan with high maximum LVR.

Bank of China Fixed Rate Home Loan IOHome 1Y Fixed≥ 10% Deposit

Bank of China Fixed Rate Home Loan
3.69%
4.31%
  • App: $0
  • Ongoing: $190 p.a.
$691

Bank of China Fixed Rate Home Loan IOInvestment 2Y Fixed≥ 10% Deposit

Bank of China Fixed Rate Home Loan
2.99%
4.40%
  • App: $0
  • Ongoing: $190 p.a.
$633
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Bank of China key facts

  • Bank of China is a Chinese bank based in Sydney, New South Wales.
  • Bank of China offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as credit cards and personal loans.

Bank of China home loan features

Here are the key features and details you need to know about Bank of China's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from Bank of China with a deposit as low as 10%.
Offset account?You can get an offset account with several Bank of China loans.
Repayment optionsSeveral Bank of China home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a mortgage from Bank of China?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Bank of China you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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