{"buttonLabel":"Check Rates","productCollection":"home_loans","productId":"9","productLink":"https:\/\/www.valuechampion.sg\/home-mortgage-loans\/compare\/new","productName":"Bank of China"}
{"buttonLabel":"Check Rates","productCollection":"home_loans","productId":"9","productImage":"referral_logos\/sg\/banking\/bankofchina-1","productLink":"https:\/\/www.valuechampion.sg\/home-mortgage-loans\/compare\/new","productName":"Bank of China"}

Bank of China Home Loan Review: Great Option for Fixed Rate Home Loans

The Bank of China typically offers some of the lowest fixed rate loans for private homes.

Bank of China Home Loan Review: Great Option for Fixed Rate Home Loans

The Bank of China typically offers some of the lowest fixed rate loans for private homes.

3.8/5.0

ValueChampion Rating ValueChampion Icon

Pros

  • Individuals seeking a fixed rate home loan in order to purchase a private residence
  • Borrowers seeking fixed rate home loan refinancing for private properties

Cons

  • Individuals seeking a home loan to purchase an HDB flat
  • Individuals seeking floating rate home loans

The Bank of China is a great option for individuals seeking a fixed rate home loan or home loan refinancing as it tends to offer very low fixed interest rates. However, it is worth noting that the bank does not typically offer competitive floating rate loans, nor does it offer loans for HDB flats. However, it offers some of the best inerest rates for fixed rate home loans for private housing in Singapore.

Summary of Bank of China's Home Loans
Typically offers very competitive fixed rate home loans and refinancing
Minimum loan principal: S$500,000 (S$200,000 for BUC)

Table of Contents

What Makes Bank of China Stand Out to Borrowers

The Bank of China (BOC) is generally one of the most affordable lenders in terms of fixed rate home loans and home loan refinancing in Singapore. While the bank is not usually the cheapest for floating rate home loans and home loan refinancing, it is tied to SIBOR , meaning you can expect transparency with home loan rates. While the Bank of China does not offer loans for HDB flat purchases or refinancing, it is worth considering if you want a fixed rate home loan.

BOC Private Home Mortgage Loans Interest Rates as of May 30, 2023

The Bank of China typically offers some of the cheapest fixed rate housing loans for private residences. In terms of total interest cost, BOC is one of the most affordable lenders in SIngapore for these types of loans. The table below displays its current fixed rates for home loans.

Bank1st Yr InterestLock-in PeriodApply Now
No offerings at this time

Unlike it's fixed rate loans, Bank of China's floating rate home loan products are typically less competitive. For this reason, its floating loans are better viewed as a backup option for those individuals that aren't able to obtain cheaper floating rates elsewhere.

Bank1st Yr InterestLock-in PeriodApply Now
BOC Fixed3.40%3 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["BOC"],"filter_interest_type":"floating","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"BOC","name":"Fixed","interestRateYear1":"3.40","interestRateYear2":"3.40","interestRateYear3":"3.40","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"3 years","features":"1 x Free Conversion after Lock-In\r\n\r\nWaiver of Full Redemption Penalty, Due to Sale of Property","additionalInformation":"","propertyType":"private-loan","loanType":"new","minLoanAmount":300000,"rt1":"Fixed","rt2":"Fixed","rt3":"Fixed","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"0.00","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"0.0000","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.40","sumYear2":"3.40","sumYear3":"3.40","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.40","y2":"$2,476","y3":"$2,476","y4":"$2,776","y5":"$2,776","y6":"$2,776","y1":"$2,476","monthly_installments":"$2,476","total_interest_cost":322000,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
BOC Fixed3.55%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["BOC"],"filter_interest_type":"floating","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"BOC","name":"Fixed","interestRateYear1":"3.55","interestRateYear2":"3.55","interestRateYear3":"1.00","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"1 x Free Conversion after 12months\r\n\r\nWaiver of Full Redemption Penalty, Due to Sale of Property","additionalInformation":"","propertyType":"private-loan","loanType":"new","minLoanAmount":300000,"rt1":"Fixed","rt2":"Fixed","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.55","sumYear2":"3.55","sumYear3":"4.61","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.55","y2":"$2,517","y3":"$2,791","y4":"$2,791","y5":"$2,791","y6":"$2,791","y1":"$2,517","monthly_installments":"$2,517","total_interest_cost":330724,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
BOC 3M SORA4.11%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["BOC"],"filter_interest_type":"floating","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"BOC","name":"3M SORA","interestRateYear1":"0.50","interestRateYear2":"0.50","interestRateYear3":"0.55","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"1 x Free Conversion after 12months\r\n\r\nWaiver of Full Redemption Penalty, Due to Sale of Property","additionalInformation":"","propertyType":"private-loan","loanType":"new","minLoanAmount":300000,"rt1":"3M SORA","rt2":"3M SORA","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"3.61","rt2r":"3.61","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"3.6057","rt2r_first_day":"3.6057","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"4.11","sumYear2":"4.11","sumYear3":"4.16","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"4.11","y2":"$2,670","y3":"$2,683","y4":"$2,798","y5":"$2,798","y6":"$2,798","y1":"$2,670","monthly_installments":"$2,670","total_interest_cost":334948,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}

BOC Refinancing Home Loan Interest Rates as of May 30, 2023

In general, BOC offers very competitive fixed home loan refinancing rates for private residences. Below we display its current home loan refinancing rates for private homes.

Bank1st Yr InterestLock-in PeriodApply Now
No offerings at this time

Bank of China's floating refinancing rates are less competitive with those of other banks. With that said, these loans could be worth considering if you are not approved for a cheaper loan from another lender in Singapore. Below are the bank's current refinancing rates.

Bank1st Yr InterestLock-in PeriodApply Now
BOC Fixed3.50%3 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["BOC"],"filter_interest_type":"floating","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"refinance","property_type":"private","sort":"total_interest_cost","current_financer":"WESTPAC","current_interest_rate":5,"existing_loan_amount":500000},"loan":{"bank_name":"BOC","name":"Fixed","interestRateYear1":"3.50","interestRateYear2":"3.50","interestRateYear3":"3.50","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"3 years","features":"1 x Free Conversion after Lock-In\r\n\r\nWaiver of Full Redemption Penalty, Due to Sale of Property","additionalInformation":"","propertyType":"private-loan","loanType":"refinance","minLoanAmount":300000,"rt1":"Fixed","rt2":"Fixed","rt3":"Fixed","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"0.00","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"0.0000","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.50","sumYear2":"3.50","sumYear3":"3.50","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.50","y2":"$2,503","y3":"$2,503","y4":"$2,779","y5":"$2,779","y6":"$2,779","y1":"$2,503","monthly_installments":"$2,503","total_interest_cost":323764,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
BOC Fixed3.60%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["BOC"],"filter_interest_type":"floating","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"refinance","property_type":"private","sort":"total_interest_cost","current_financer":"WESTPAC","current_interest_rate":5,"existing_loan_amount":500000},"loan":{"bank_name":"BOC","name":"Fixed","interestRateYear1":"3.60","interestRateYear2":"3.60","interestRateYear3":"1.00","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"1 x Free Conversion after 12months\r\n\r\nWaiver of Full Redemption Penalty, Due to Sale of Property","additionalInformation":"","propertyType":"private-loan","loanType":"refinance","minLoanAmount":300000,"rt1":"Fixed","rt2":"Fixed","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.60","sumYear2":"3.60","sumYear3":"4.61","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.60","y2":"$2,530","y3":"$2,792","y4":"$2,792","y5":"$2,792","y6":"$2,792","y1":"$2,530","monthly_installments":"$2,530","total_interest_cost":331312,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
BOC 3M SORA4.16%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["BOC"],"filter_interest_type":"floating","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"refinance","property_type":"private","sort":"total_interest_cost","current_financer":"WESTPAC","current_interest_rate":5,"existing_loan_amount":500000},"loan":{"bank_name":"BOC","name":"3M SORA","interestRateYear1":"0.55","interestRateYear2":"0.55","interestRateYear3":"0.60","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"1 x Free Conversion after 12months\r\n\r\nWaiver of Full Redemption Penalty, Due to Sale of Property","additionalInformation":"","propertyType":"private-loan","loanType":"refinance","minLoanAmount":300000,"rt1":"3M SORA","rt2":"3M SORA","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"3.61","rt2r":"3.61","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"3.6057","rt2r_first_day":"3.6057","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"4.16","sumYear2":"4.16","sumYear3":"4.21","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"4.16","y2":"$2,684","y3":"$2,697","y4":"$2,799","y5":"$2,799","y6":"$2,799","y1":"$2,684","monthly_installments":"$2,684","total_interest_cost":335716,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}

Bank of China Home Loans: Applicable Fees

BOC charges fees for partial repayment, full redemption and loan cancellation. The lender's charges are comparable with other banks in Singapore. Below, we display BOC fees by loan type.

Loan TypePartial Repayment FeeFull Redemption PenaltyCancellation Fee
Board RateN/AN/A1.5%
Board Rate (2-Year Lock-In Period)1.5%1.5%1.5%
Fixed Rate (2-Year Lock-In Period)1.75%1.75%1.5%
Fixed Rate (3-Year Lock-In Period)1.75%1.75% (N/A for property sale)1.5%

How to Apply for a Bank of China Mortgage Loan: Application Process

Find the Cheapest Home Loans in Singapore

$
{"defaultValue":"500000","clearOnFocus":true,"label":"Loan Amount","name":"loanAmount","symbol":"$","symbolLocation":"left","showLabel":false}

The Bank of China only requires a minimum annual income of S$24,000, unlike other other home loans who typically require a minimum income of S$30,000. Moreover, since home loan applications entail several steps and require many documents, we recommend that you consult our home loan broker partner. You can do this by clicking by clicking any of the "Check Rates" buttons on this page.

How Does The Bank of China Compare to Other Mortgage Lenders?

It is not uncommon for home loan interest rates to change every few days in Singapore. For this reason, it is crucial to compare rates before applying for your home loan. The table below features updated fixed rate interest rates from Singapore's top lenders.

Bank1st Yr InterestLock-in PeriodApply Now
DBS Fixed3.50%3 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["UOB"," DBS"," HSBC"," SCB"," OCBC"],"filter_interest_type":"fixed","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"DBS","name":"Fixed","interestRateYear1":"3.50","interestRateYear2":"3.50","interestRateYear3":"3.50","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"3 years","features":"Free Conversion after Lock-In Period\r\n\r\nWaiver of Full Redemption Penalty due to Sale of Property During Lock-In Period","additionalInformation":"","propertyType":"private-loan,hdb-loan","loanType":"new,refinance","minLoanAmount":300000,"rt1":"Fixed","rt2":"Fixed","rt3":"Fixed","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"0.00","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"0.0000","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.50","sumYear2":"3.50","sumYear3":"3.50","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.50","y2":"$2,503","y3":"$2,503","y4":"$2,779","y5":"$2,779","y6":"$2,779","y1":"$2,503","monthly_installments":"$2,503","total_interest_cost":323764,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
DBS Fixed3.60%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["UOB"," DBS"," HSBC"," SCB"," OCBC"],"filter_interest_type":"fixed","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"DBS","name":"Fixed","interestRateYear1":"3.60","interestRateYear2":"3.60","interestRateYear3":"1.00","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"Free Conversion after Lock-In Period\r\n\r\nWaiver of Full Redemption Penalty due to Sale of Property During Lock-In Period","additionalInformation":"","propertyType":"private-loan,hdb-loan","loanType":"new,refinance","minLoanAmount":300000,"rt1":"Fixed","rt2":"Fixed","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.60","sumYear2":"3.60","sumYear3":"4.61","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.60","y2":"$2,530","y3":"$2,792","y4":"$2,792","y5":"$2,792","y6":"$2,792","y1":"$2,530","monthly_installments":"$2,530","total_interest_cost":331312,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
DBS Fixed3.65%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["UOB"," DBS"," HSBC"," SCB"," OCBC"],"filter_interest_type":"fixed","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"DBS","name":"Fixed","interestRateYear1":"3.65","interestRateYear2":"3.65","interestRateYear3":"1.00","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"Free Conversion after Lock-In Period\r\n\r\nWaiver of Full Redemption Penalty due to Sale of Property During Lock-In Period","additionalInformation":"","propertyType":"private-loan,hdb-loan","loanType":"new,refinance","minLoanAmount":100000,"rt1":"Fixed","rt2":"Fixed","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"3.65","sumYear2":"3.65","sumYear3":"4.61","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"3.65","y2":"$2,544","y3":"$2,793","y4":"$2,793","y5":"$2,793","y6":"$2,793","y1":"$2,544","monthly_installments":"$2,544","total_interest_cost":331924,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
SCB Fixed4.25%3 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["UOB"," DBS"," HSBC"," SCB"," OCBC"],"filter_interest_type":"fixed","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"SCB","name":"Fixed","interestRateYear1":"4.25","interestRateYear2":"4.25","interestRateYear3":"4.25","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"3 years","features":"Free Conversion after 3 Years\r\n\r\nValuation Subsidy for Refinancing\r\n$500k: $350\r\n$1m: $500","additionalInformation":"Priority Mortgage Plus\r\n\u003E$200k Deposit \r\nY1 - Y4: Spread lowered by 0.05%\r\nThereafter: Spread lowered by 0.10%\r\n\r\n\u003E$500k Deposit\r\nY1 - Y2: Spread lowered by 0.05%\r\nThereafter: Spread Lowered by 0.10%","propertyType":"private-loan,hdb-loan","loanType":"new,refinance","minLoanAmount":100000,"rt1":"Fixed","rt2":"Fixed","rt3":"Fixed","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"0.00","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"0.0000","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"4.25","sumYear2":"4.25","sumYear3":"4.25","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"4.25","y2":"$2,709","y3":"$2,709","y4":"$2,801","y5":"$2,801","y6":"$2,801","y1":"$2,709","monthly_installments":"$2,709","total_interest_cost":336988,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}
SCB Fixed4.25%2 years
{"endpoint":"https:\/\/redbrick.valuechampion.sg\/api\/redbrick","inputs":{"filter_bank":["UOB"," DBS"," HSBC"," SCB"," OCBC"],"filter_interest_type":"fixed","filter_lock_in":"false","individual_or_company":"individual","loan_tenure":25,"loan_type":"new_loan","property_type":"private","sort":"total_interest_cost","construction_status":"completed","loan_amount":500000,"property_purchase":"yes"},"loan":{"bank_name":"SCB","name":"Fixed","interestRateYear1":"4.25","interestRateYear2":"4.25","interestRateYear3":"1.00","interestRateYear4":"1.00","interestRateYear5":"1.00","interestRateYear6Plus":"1.00","lockInPeriod":"2 years","features":"Free Conversion after 2 Years\r\n\r\nValuation Subsidy for Refinancing\r\n$500k: $350\r\n$1m: $500\r\n","additionalInformation":"Priority Mortgage Plus\r\n\u003E$200k Deposit \r\nY1 - Y4: Spread lowered by 0.05%\r\nThereafter: Spread lowered by 0.10%\r\n\r\n\u003E$500k Deposit\r\nY1 - Y2: Spread lowered by 0.05%\r\nThereafter: Spread Lowered by 0.10%","propertyType":"private-loan,hdb-loan","loanType":"new,refinance","minLoanAmount":100000,"rt1":"Fixed","rt2":"Fixed","rt3":"3M SORA","rt4":"3M SORA","rt5":"3M SORA","rt6":"3M SORA","rt1r":"0.00","rt2r":"0.00","rt3r":"3.61","rt4r":"3.61","rt5r":"3.61","rt6r":"3.61","rt1r_first_day":"0.0000","rt2r_first_day":"0.0000","rt3r_first_day":"3.6057","rt4r_first_day":"3.6057","rt5r_first_day":"3.6057","rt6r_first_day":"3.6057","sumYear1":"4.25","sumYear2":"4.25","sumYear3":"4.61","sumYear4":"4.61","sumYear5":"4.61","sumYear6":"4.61","sum":"4.25","y2":"$2,709","y3":"$2,805","y4":"$2,805","y5":"$2,805","y6":"$2,805","y1":"$2,709","monthly_installments":"$2,709","total_interest_cost":339196,"metadata":{"_id":18,"collection":"home_loans","apply_now_text":"Check Rates","apply_now_icon_hidden":true,"apply_now_redirect":false,"pros_label":"Pros","cons_label":"Cons"}}}

Read Also:

Stephen Lee

Stephen Lee is a Senior Research Analyst at ValueChampion, specializing in insurance. He holds a Bachelor of Arts degree in International Studies from the University of Washington, and his prior work experience include risk management and underwriting for professional liability and specialty insurance at Victor Insurance. Additionally, Stephen is a former US Peace Corps Volunteer in Myanmar (serving between 2018-2020), where he continues to provide business development consulting services to HR companies in Asia Pacific.

{"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis.","version":"sidebar"}