Personal Banking

Discount Home Loan(Principal and Interest Repayment)


Product Features

Loan Amount

Minimum Loan Amount: $250,000

Loan to Value Ratio (LVR)

1. Max 80%; or

Loan to Value Ratio (LVR) = requested loan amount / value of security

2. Over 80%, subject to Lender’s Mortgage Insurance (LMI), but LVR must be not more than 90%.

Value of security is considered as either the purchase price or valuation amount. The lower amount is considered for credit assessment.

Interest Rate

3.69% p.a.

*Comparison Rate: 3.91% p.a.

1.21% off Standard Variable Rate (S.V.R.)^

Repayment Type

Principal & Interest



30 years

Maximum loan term up to 30 years


Residential Property


Early Repayment






Fees & Charges

Application Fee


Payable by the customer/s at the time of application

Annual Fee


To be charged at the first drawdown date and will be debited to the customer's account by the Bank on each anniversary thereafter.

Guarantor Fee

$300.00 per guarantor

Payable if the loan application has guarantor/s. Only natural person guarantors are allowed.

Early Repayment Fee


per early repayment

Redraw Fee


per redraw

Valuation Fee - first security

Nil (for security value < $750,000.00)

Waived if the value of the first security of the customer is less than $750,000.00 and is a successfully drawdown. Otherwise, valuation fee is payable.

By Quotation (for security value > =$750,000.00)

Payable if the value of the first security of the customer is equal to or greater than $750,000.00

Valuation Fees - additional security

By Quotation

Payable if customer/s request additional security for loan application.

Legal Fee

By Quotation

Payable upon receipt of Bank of China's Solicitor's Tax Invoice.

Settlement Fee


Per drawdown

Discharge Service Fee

$450 (first security); and $250 (each additional security)

Per discharge security, not including related Legal Costs.

Important Information:


1. All the above rates and fees are effective from 15thMay 2017and are subject to change from time to time. The rates are promotional rates and will end on15thAugust 2017 andareavailable for applicants with Australian local income to purchase an Australian owner-occupier residential property with principaland interest repayment method only. The promotional rates apply to applicants with LVR not more than 80%. Other fees and charges are payable.  Approval of this product is subject to our normal lending criteria.  Terms and conditions apply and are available on request .

2. * The comparison interest rate calculation is based on a designated loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate, but may influence the cost of the loan. We do not provide credit for an amount of less than $250,000 for this product.

3. ^Standard Variable Rate is our reference interest rate that is applicable for Bank of China Owner Occupier Home LoansInformation on our current reference interest rates is available on

4. Credit provider for this product is Bank of China (Australia) Limited ABN 28 110 077 622 AFSL/Australian Credit Licence number 287322.

5. To find out more information visit phone Bank of China (Australia) Ltd on (02)92123877/ (03)96023655 / (07)32218888.

6. This Product Sheet is prepared in both English and Chinese. The Chinese version is a translation of the English version and must be used for reference only. In the case of any inconsistency, the English version prevails.