Normally the longer you fix, the more you pay: the lender is carrying rate risk for longer and charges for it. When a three-year fix comes in at or below a two-year, the lender is signalling that it expects rates to fall and would rather lock you in at today’s level while it can. Taking the cheaper long fix is not automatically wrong, but understand what you are accepting — a longer commitment, at a price the bank itself considers a good deal for the bank.
Its legal subsidy caps tend to sit below the market. On a refinancing where conveyancing runs to the usual figure, any shortfall comes out of your pocket, and it should be netted off the rate advantage before you compare. A rate that wins by a few basis points and loses by several hundred dollars on legal fees is not actually winning.
Published minimum loan sizes for new purchase generally sit above much of the market, though refinancing packages sometimes come in lower. Smaller loans will find fewer options here than the package list first suggests.
Bank of China at a glance
- Packages listed here
- 10
- Rate types offered
- Fixed, SORA
- Lock-in periods
- 2 yrs, 3 yrs
- Smallest loan priced
- $500,000
- Reverts to
- SORA
- Interest offset
- No
Read live from our package database. Rates are indicative — the rate you are offered depends on your loan size, property type and income profile.
Not listed here
Bank of China’s seasonal promotions
When Bank of China runs a seasonal promotion, it isn’t on this page: banks ask us not to publish them openly. While they run, they are usually the keenest prices the bank has. They are included when you compare with us.
Bank of China home loans for buying private property
| Package | Year 1 | Year 2 | Year 3 | Thereafter | Lock-in |
|---|---|---|---|---|---|
| Minimum loan of $500,000 | |||||
| BOC 3M SORA (2 years lock-in) min.$500k SORA | 3M SORA + 0.40% | 3M SORA + 0.40% | 3M SORA + 0.60% | 3M SORA + 1.00% | 2 yrs |
| BOC 1M SORA (2 years lock-in) min.$500k SORA After fixed rate period, rate is pegged to 1M Sora / 1M Sora is currently at 1.2866% | 1M SORA + 0.40% | 1M SORA + 0.40% | 1M SORA + 0.60% | 1M SORA + 1.00% | 2 yrs |
| BOC 2 years fixed min.$500k Fixed | 1.60% | 1.60% | 3M SORA + 0.60% | 3M SORA + 1.00% | 2 yrs |
| BOC 3 years fixed min.$500k Fixed | 1.68% | 1.68% | 1.68% | 3M SORA + 1.00% | 3 yrs |
| Minimum loan of $700,000 | |||||
| BOC 3 years fixed min.$700k Fixed | 1.60% | 1.60% | 1.60% | 3M SORA + 1.00% | 3 yrs |
Applies to these packages unless the row says otherwise: Free conversion after the lock-in period. Waiver of lock-in penalty if property is sold. After fixed rate period, rate is pegged to 3M Sora. 3M Sora is currently at 1.1905%.
Bank of China home loans for refinancing private property
| Package | Year 1 | Year 2 | Year 3 | Thereafter | Lock-in | Legal subsidy |
|---|---|---|---|---|---|---|
| Minimum loan of $500,000 | ||||||
| BOC 3M SORA (2 years lock-in) min.$500k Refi Pte Ppty SORA | 3M SORA + 0.40% | 3M SORA + 0.40% | 3M SORA + 0.60% | 3M SORA + 1.00% | 2 yrs | 0.4% (max $1,800) |
| BOC 1M SORA (2 years lock-in) min.$500k Refi Pte Ppty SORA After fixed rate period, rate is pegged to 1M Sora / 1M Sora is currently at 1.2866% | 1M SORA + 0.40% | 1M SORA + 0.40% | 1M SORA + 0.60% | 1M SORA + 1.00% | 2 yrs | 0.4% (max $1,800) |
| BOC 2 years fixed min.$500k Refi Pte Ppty Fixed | 1.60% | 1.60% | 3M SORA + 0.60% | 3M SORA + 1.00% | 2 yrs | 0.4% (max $1,800) |
| Minimum loan of $700,000 | ||||||
| BOC 3 years fixed refi min.$700k Pte Ppty Fixed $350 valuation subsidy / 3 years claw back for legal & valuation subsidy | 1.60% | 1.60% | 1.60% | 3M SORA + 1.00% | 3 yrs | 0.4% (max $1,800) |
| Minimum loan of $1,000,000 | ||||||
| BOC 3 years fixed refi min.$1M Pte Ppty Fixed $500 valuation subsidy / 3 years claw back for legal & valuation subsidy | 1.60% | 1.60% | 1.60% | 3M SORA + 1.00% | 3 yrs | 0.4% (max $1,800) |
Applies to these packages unless the row says otherwise: Free conversion after the lock-in period. Waiver of lock-in penalty if property is sold. After fixed rate period, rate is pegged to 3M Sora. 3M Sora is currently at 1.1905%.
Which of these 10 is right for you, and what isn’t listed?
We list 10 Bank of China packages here, and there are another 206 listed across the rest of our panel. Almost all of them are wrong for you, and the differences that decide it — reversion spread, lock-in, free conversion, what the subsidy actually covers — are not the ones printed in the headline. The banks’ seasonal promotions aren’t listed at all.
Tell us the loan amount, the property type and whether you are buying or refinancing. We will come back with the three that fit, from every lender on our panel, with any current promotions in the running, and the reasoning for each. No fee, no obligation. How we’re paid →
10 Bank of China packages among 216 on our panel. We’ll narrow them to the 3 that fit you.
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