Bank of China (BOC) offers mortgage loans for private properties, landed and non-landed. BOC provides an option to choose from various financing packages as per your requirements. The loan can be taken by those looking to invest, first-time purchasers, persons who want to upgrade their current property, and those who want to refinance their existing loan.
|Fees and Charges|
|After accepting the letter of offer (LO) and before disbursement of loan amount|
|Revision of tenor or loan amount||S$500|
|Change of financing package||As per the LO or at least S$500|
|To include or exclude CPF savings||S$500|
|Changing fire insurance policy (with a different company’s)||S$500|
|Applying for or cancelling bridging loan||S$500|
|Cancellation of loan||As mentioned in the LO|
|After accepting the letter of offer (LO) and disbursement of loan amount|
|Revision of tenor||S$750|
|Restructuring a loan plan (such as changing mode of payment)||S$750|
|Partial/full repayment of capital amount and re-pricing||As mentioned in the LO|
|Requesting usage of CPF for the first time||S$500|
|Changing fire insurance policy (to a different company’s)||S$500|
|Copy of loan statement: current year/previous 1 to 3 years/older than 3 years||S$30/S$50/S$80 per statement|
|Amendments to property title (splitting or amalgamation of land)||S$2,500|
If you want to borrow from BOC, you must visit their office or a sub-branch and talk to an executive to learn about the interest rates and the application procedure.
You can call the BOC customer service hotline at 18006695566, +6567795566, or 18003385335 to inquire about the loan plans.
Get in touch with BOC and get details on the loan plans offered by them. If it suits you, you can go ahead and purchase a comfortable home for you and your family without delay.