| BOC Retail Mortgage Fees and Charges |
| Prior to LO acceptance |
| No fees to be levied |
| After LO acceptance, but pending disbursement |
| 1. Any amendment to letter of offer (including change borrowers/mortgagor/loan tenor/loan packages/loan amount) |
Charge cancellation fee as per LO cancellation clause |
| 2. Change of law firm managing your loan |
$500 |
| 3. Loan cancellation (including bridging loan) |
As per LO, otherwise: 1.5% of the cancelled amount |
| 4. Change of insurance company for fire insurance (subject to the Bank’s approval) |
$100 per year |
| After LO acceptance, and loan is disbursed |
| 5. Any other amendment to letter of offer (including change of borrower and/or mortgagor (not involving part-purchase), tenor, payment mode, etc) |
$750 (Legal and valuation fees to be borne by customer) + applicable repricing fee based on LO |
| 6. Part purchase/Part sale request (Including change in borrower/mortgagor; all other costs to be borne by customers) |
$1500 (Legal and valuation fees to be borne by customer) |
| 7. Request for additional cash-out (Legal and valuation fees to be borne by customer) |
$800 |
| 8. Capital partial prepayment or full repayment |
As per LO |
| 9. Re-pricing |
As per LO, otherwise: within lock in period: 1.5% of the outstanding balance; no lock period/after lock in period: $500 |
| 10. To request for CPF usage (previously no CPF usage) |
$500 |
| 11. Change of insurance company for fire insurance (subject to the Bank’s approval) |
$100 per Year |
| 12. Loan statements request (per statement): |
|
| 12.1. Current year adhoc loan statement request |
$30 (inclusive of GST) per statement |
| 12.2. Yearly statement request (Past 1 year to 3 years) |
$30 (inclusive of GST) per statement, waived for request made within 4 months from original statement date |
| 12.3. Yearly statement request (More than 3 years) |
$50 (inclusive of GST) per statement |
| 13. Request for Bank’s consent to tenancy |
$1,000 |
| 14. Retrieve documents (including valuation report, letter of offer, etc) |
$30 per copy, waived for the first year from the date of disbursement of the loan |
| 15. Cancellation/lapse/reschedule of Prepayment Notice/completion date |
$300 |
| After the loan is fully paid off |
| 16. Safe-keeping of title deeds (2 months from discharge of mortgage) |
$500 (inclusive of GST) |
