Bank of China Home Loan

Variable interest rates starting from 5.93% (6.31%)*

Compare Bank of China home loan products, fees and features

The Bank of China is one of the longest-running Chinese banks in the world, having been in business since 1912. During this time, they served as China's main bank, as well as being a trade bank and an international exchange bank.

Throughout the years, the Bank of China has become a trusted business of foreign exchange and a trade bank. The commercial bank conglomerate has reached international success over the years, being one of the first foreign banks to be established in Australia.

Since its introduction to the country in 1945, the Bank of China has consistently provided excellent customer service. Their services have expanded to include home loan products, from first-home loans to investment properties and refinances.

Bank of China Home Loan Product Features

Discount Home LoanDiscount Plus Home LoanStandard Variable
Lowest Variable Rate
(Comparison Rate)
7.69% (7.88%)*5.93% (6.31%)*8.39% (8.45%)*
Max LVR80%80%90%
Min Loan Amount$250,000$100,000$250,000

Product Fees

Fee CycleAnnuallyAnnually-
Peter Hammond Mortgage Broker

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Are you trying to compare Bank of China's interest rates, discharge fees, settlement fees or applicant fees?

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Product Features

RepaymentFortnightly, MonthlyFortnightly, MonthlyFortnightly, Monthly
Debit Card
Internet Banking

Why Bank of China?

The Bank of China has been a trusted provider of financial products in Australia since 1945, expanding from its origins in China to become an international power in home loans. They offer a range of products for Australian borrowers to utilise, developed over the last 100 years since its conception.

While many Australians prefer applying for home loans with an Australian lender, working with a Chinese bank has various benefits. The Bank of China exemplifies these benefits, such as larger loan amounts and packaged discounts.

With decades of success behind its name, the Bank of China is a trustworthy lender.

How to apply for a Bank of China home loan 

Applying for a home loan with the Bank of China follows a similar process to other major home loan lenders in Australia. However, there are some specific documents that you will need. 

Below, we'll take you through how to apply for a home loan with the Bank of China to ensure you don't miss out on any critical steps needed to secure your financing. 

Eligibility criteria

In order to apply for a home loan with Bank of China, you must meet the following criteria:

  • Be over the age of 18 years old.

  • Be a resident of Australia.

  • Have a steady source of income.

Required documents

Specific documents are required to begin the process when applying for any mortgage, not just one of Bank of China's home loan products. These documents do not just verify your identity but also your financial and employment status, as well as necessary details about the property you are buying.

Preparing the required documents for a home loan before applying with the Bank of China is always best. You will be expected to bring the following documents:

  • Identification: Proof of identity can be a birth certificate, driver's licence or passport.

  • Proof of income: Recent payslips will sufficiently indicate your current income.

  • Asset and liability: Beyond employment, you must indicate additional financial situations, such as your current assets (investments or additional accounts) and liabilities (outstanding debt).

  • Property details: While you can start a loan enquiry before buying a property, a signed contract of sale and your new property's address will be needed during the home loan application.

For home loans and investment properties, you must also fill out and submit a Bank of China Home Loan Application Form .

Comparing Bank of China home loans with other lenders

To determine whether or not the Bank of China is the lender for you, we have compared their home loans with others in our expansive lenders panel . These efforts have allowed us to make a list of pros and cons that come from applying for a loan with a foreign bank.


  • Larger loan amounts are available due to a different formula to calculate borrowing power.

  • Flexibility with online applications.

  • No claw-back initiatives.

  • Package discounts are available for combining home loans with other products.

  • No Lender's Mortgage Insurance is necessary for a 20% deposit.


  • Penalties apply to early repayments for a fixed-rate home loan.

  • Limited loan product options.

  • Loan-to-value ratio (LVR) has set restrictions, preventing applications for a high LVR loan.

  • No cash-back offers.

  • Interest rates are not competitive.

  • Certain properties are not accepted.

Why partner with Get a Better Rate

Get a Better Rate's qualified mortgage brokers are ready to assist you in choosing a home loan.

Let us spend the time and research to determine which Bank of China home loan product best suits your personal and financial needs. We will even take care of the application process so you can focus all your energy towards enjoying your new home!

Receive a personalised mortgage solution when you contact Get a Better Rate, and let us provide everything you could need for your Bank of China home loan.

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Additional resources and tools

No matter what aspect of home loans you want to address with us, we have plenty of additional resources and tools to help you. Whether you want to compare home loans with the Bank of China, calculate your loan repayments, or figure out how much you will save when you refinance your existing loan, Get a Better Rate has you covered.

Refinance Calculator

Our refinance comparison calculator, will help you understand what you could be savings on your home loan

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Loan Repayment

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