Bank of China Home Loans

Bank of China Home Loan Rates (June 2024)
(Product Review)

Updated June 19, 2024

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Current Bank of China Mortgage Rates

Today's Bank of China mortgage interest rate trends in Singapore - As of Wednesday, June 19th, 2024, Bank of China’s interest rates for financing a 30-year fixed home loan stands at 3% for private properties and N/A for HDB’s. In terms of floating rates, Bank of China’s lowest interest rate for private property mortgages stands at 4.1% and N/A for HDB’s.

Product Review

The distinguished Bank of China established a branch in Singapore on 15th June 1936. BOC has 70+ years of experience in the Singaporean banking sector and holds the Singapore license of Qualifying full bank license (QFB). With the Group’s global network and professional capacity, BOC provides several banking services to its clientele in Singapore, China, and the environs. The bank encourages mutual trade relations between China and Singapore. Bank of China, Singapore branch offers corporate banking, private banking, remittance services, trade financing, international trade settlement, and China-related trade financing and settlements.

Individuals interested in fixed-rate home loans or fixed-rate refinancing with reasonable interest rates should consider the services of BOC Singapore. Although, it doesn’t offer cheap floating rate loans nor HDB units loan. It presents impressive fixed-rate interest rates for private property in Singapore.

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BOC is one of the reasonable lenders of fixed-rate mortgages and mortgage refinancing in Singapore. Still, its floating rates for mortgages and refinancing are slightly higher than the affordable range. Floating rates are tied to the SIBOR benchmark which fosters transparency.

BOC Mortgage Fees

BOC demands standard banking fees like a partial refund, absolute recovery, and mortgage termination with its loans. The lender’s charges, should be compared with the charges of its competitors. In the table below, is a detailed report of BOC loan fees.

Loan Type Partial Repayment Fee Full Redemption Penalty Cancellation Fee
Board Rate N/A N/A 1.5%
Board Rate (2-Years Lock-in Period) 1.5% 1.5% 1.5%
Fixed Rate (2-Years Lock-in Period) 1.75% 1.75% 1.5%
Fixed Rate (3-Years Lock-in Period) 1.75% 1.75% (N/A for property sale) 1.5%

BOC Private Property Mortgage Rates

The Bank of China promotes one of the cheapest fixed rate mortgages for private property. Regarding total interest cost, BOC services are excellent. The table below describes the current fixed rates for mortgages.

  • Fixed Rates
  • Floating Rates
Bank Scheme Lock In Period 1st Yr Interest 2nd Yr 3rd Yr 4th Yr
Bank of China 2 Year Fixed (Green Mortgage) 2 years 3.00% 3.00% 4.45% 4.65%
Bank of China 2 Year Fixed (Flexi) 2 years 3.05% 3.05% 4.45% 4.65%
Bank of China 3 Year Fixed 3 years 3.10% 3.10% 3.10% 4.65%
Bank Scheme Lock In Period 1st Yr Interest 2nd Yr 3rd Yr 4th Yr
No data found

*Today's Mortgage Rates - 18 June 2024

BOC’s floating rate mortgages are higher than the average rate. Hence, the floating rate mortgages, are better kept as backup for those who aren’t able to access better floating rate mortgages.




  • Launch Application via the ROSHI Marketplace

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    mortgage brokers will follow up with you to discuss the best available options and next steps.

  • Choose Suitable Mortgage Option

    After you’ve decided on a preferred mortgage option one of our mortgage brokers will help process your

  • Settle Fees & Charges

    Settle all fees (option fee, option exercise fee to the seller as well as the relevant buyer’s stamp duty fee in
    case you are purchasing a private property).

  • Appointment Date & Signing

    Attent your property purchase appointment date and sign all legal documents for the transfer of the property,
    paying all legal and valuation fees.


  • Fixed Rates for Private Mortgages

    Individuals seeking fixed-rate mortgage to purchase a private residence

  • Fixed Rates for Private Home mortgages

    Borrowers seeking fixed-rate refinancing loans for private properties

  • Lack of HDB financing

    Individuals seeking loans to purchase HDB flat

  • No Floating Rates

    Individuals seeking floating rate home loans