Bank of China MoneyPlus Term Loan

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Rating: 4.3/5.0 (6 Reviews)
Interest Rate From 14.58%
Min. Income $20,000
Review on Bank of China MoneyPlus Term Loan
Pros

Low minimum income requirement

Cons

High interest rate for personal loan

Personal Loan Details Personal Loan Details

  Effective Interest
12 months 14.58% p.a.
24 months 15.40% p.a.
36 months 17.07% p.a.

 

* Effective Interest Rate based on loan amount of $10,000 and min. annual income of $30,000 p.a. Refer to BOC's website for full tables

 

Enjoy effective interest rate from 14.58% p.a. (or annual rate from 6.38% p.a.)

Max loan of up to 4 times your monthly income

Annual fee of $60 (Waived for first 2 years)

A one-time processing fee of 2% (5% if annual income below $30,000) of loan amount or $75 whichever is higher

Choose to pay either total monthly term loan outstanding or min payment of $50 or 3% of monthly balance whichever is higher

 

Click here to go to Bank of China website for more details

 

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Reviews (6)
Rating:
4.3/5.0 (6)
4.3/5.0 (6)
Page: Bank of China MoneyPlus Term Loan Review
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