Personal Banking

Discount Home Loan Pack

        Discount Home Loan Pack

Loan amount
Variable Interest rate
Comparison rate
100,000.00+
6.05 % p.a.
25 years
6.49% p.a.
150,000.00+
6.05 % p.a.
25 years
6.35% p.a.
200,000.00+
6.05 % p.a.
25 years
6.27% p.a.
250,000.00+
6.05 % p.a.
25 years
6.23% p.a.
300,000.00+
6.05 % p.a.
30 years
6.19% p.a.
350,000.00+
6.05 % p.a.
30 years
6.17% p.a.
400,000.00+
6.05 % p.a.
30 years
6.16% p.a.
500,000.00+
6.05 % p.a.
30 years
6.13% p.a.
Minimum Loan Size $100,000.00
Borrow up to 90% of the security value (conditions apply)
P&I; or Interest Only for up to 5 years
No Application Fee
1st Valuation Fee is waived (conditions apply)
Annual Fee is $295.00
No Drawdown Fee
No Account Maintenance Fee
Early Repayment Fee: 0.5% of Early Repayment Amount in the 1st 3 years
No Redraw Fee
Exit Fee: 0.5% of the Final Repayment Amount in the 1st 3 years with Minimum Fee of $300.00; Thereafter $300.00 Apply Within the Term of Loan 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note:

1.         All the above rates and fees are effective on 09/03/2010 and are subject to change from time to time.
2.         The 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 influenced in the comparison rates, but may influence the cost of the loan. The comparison rate schedule will be available at the premises of the Bank.
3.         For Loan to Value Ratio (LVR) over 80%, the loan is only approved subject to Lending Mortgage Insurance (LMI).
4.         First standard valuation will be waived if (1) the security value is less than $750,000.00; and (2) the loan is successfully settled with the Bank.
5.         Valuation fee and legal fee may vary from case to case.
6.         Minimum transaction amount of $3000.00 for Early Payment and Redraw.
7.         To find out more information visit www.bocau.com.au or phone Bank of China (Australia) Ltd on (02) 8235 5942 / (03) 9606 3005.
8.         Product issued by Bank of China (Australia) Limited  ABN 28 110 077 622 AFSL 28732, who is the credit provider.

 

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