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About BOC Home Loans

BOC home loans are offered by the Singapore branch of Bank of China, established in 1936. It has the Qualifying Full Bank License (QFB) status to provide full financial services in not just our local market, but in China and other regions as well.

The bank's presence in Singapore is also a symbol of strong bilateral ties between Singapore and China that stretches for more than 70 years. The importance of this banking landmark in Singapore is evidenced by an official visit of the late China Vice-Premier Mr. Deng Xiaoping in 1978.

Other than providing services that range from business (both retail and corporate) banking and international trade settlements, Bank of China Singapore Branch also possesses a special niche in trade settlements and trade financing related to Chinese markets.

Bank of China Home Loans

Currently, the home loans available from BOC Singapore Branch are only for private properties, both landed and non-landed. The bank also provides services for customers looking to refinance their existing home loans.

The interest rates offered by the bank are pegged to the Singapore Interbank Offered Rate (SIBOR). You can choose between fixed and floating rate packages.

As a special offer, BOC Singapore Branch is offering a waiver of processing fees and any annual fees on BOC credit cards during the period of loan tenure. The bank will also provide special rates for borrowers who are also taking a renovation loan from them.

BOC Home Loan Eligibility

All loans are only applicable for privates properties bought and sold in Singapore. Keep in mind that Executive Condominiums ECs are considered as government leasehold at time of purchase, and hence not eligible for these home loans.

Any Singapore citizens, permanent residents and foreigners between the ages of 21 to 65 are eligible to apply. You need to have a minimum annual income of $24,000.

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