Bank of China updates Fixed Rate Investment Home Loan (With Principal And Interest Repayment) (Fixed 1 Yr) to 5.89%
Bank of China has increased the rate on its Fixed Rate Investment Home Loan (With Principal And Interest Repayment) (Fixed 1 Yr) home loan by 30 basis points to 5.89% p.a., from a previous rate of 5.59%.
Bank of China
Fixed Rate Investment Home Loan (With Principal And Interest Repayment) (Fixed 1 Yr)
New Rate
5.89%
Illustrative Example
For illustrative purposes, on a $600,000 loan over 30 years at 5.89%, the estimated monthly repayment would be approximately $3,555. That is approximately $114 more per month compared to the previous rate.
Market Context
This rate of 5.89% is below the current market average of 6.67% across 2360 tracked home loan products. The current market leader offers 10.07%.
Notes
Bank of China increased home loan rate by 0.30% to 5.89%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.