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Bank of China SORA Housing Loan

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3 yrs Ave. Rate 4.19% Attribute
Min. Loan $300,000 Attribute

Last updated on 2024-03-20

Bank of China SORA Housing Loan Review

Pros Pros

Legal fees subsidy for refinancing

Cons Cons

Subject to fluctuations in 3m SORA rate

2 years lock-in period

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Property Loan Details Bank of China Property Loan SORA Rates

  Interest Rate^
1st year 3m SORA + 0.55% p.a.
2nd year 3m SORA + 0.55% p.a.
3rd year 3m SORA + 0.60% p.a.
Thereafter 3m SORA + 1.00% p.a.
3 years average 4.19% p.a.

 

^ Interest Rate based on latest 3 Month SORA and assuming it stays the same for first three years

 

Legal fee subsidy of 0.40% of loan capped at $2,000

Rates are pegged to 3-month SORA

Rates are reviewed every 3 months

Minimum loan amount of $300,000

2 years Lock-In period

New/Re-financing for private properties owners only

 

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Bank of China SORA Housing Loan Review

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