Bank of China Limited Singapore was established in the year 1936. The bank has more than 70 years of experience in delivering banking products and financial services alike and holds the QFB (Qualifying Full Bank) License that it obtained in the year 2012. Bank of China provides its customers a wide range of financial services from China, Singapore and the surrounding regions. The main area of business for the bank are retail banking, corporate banking and trade financing and international trade settlement to name a few. Furthermore, the bank has extensive specialized knowledge in China-related remittance services and trade financing and settlements. Bank of China has a network of bank branches and ATMs all across Singapore to provide its services to customers all around. The Bank of China, Singapore Card Unit was set up on March 31st, 2012. Financial Products
Bank of China offers a variety of Bank of China Personal Loan products are as follows –
An overdraft facility is a revolving loan that allows the customer to overdraw until an agreed limit on their account. It is a convenient and flexible loan where the customer repays the overdrawn amount as and when he has the repaying capacity and can once again withdrawn when the balance has been restored.
Mortgage Loan includes a loan on landed as well as non – landed private residential properties. This loan can be availed for owner occupation of the house, for the purpose of investing in a property, resale of a property and for refinancing. Term Loan and Overdraft facility can be used for the purpose of investment as well as for personal use.
The following groups are eligible to apply for the Bank of China Mortgage Loan –
Bank of China’s MoneyPlus Fund Transfer offers 0% interest rates for the initial 3 or 6 months that allows you to save up to 75%. You can transfer your funds from your Bank of China’s MoneyPlus Fund Transfer account to the ANY Credit Card, current or savings account or line of credit of any bank of your choice.
You can get extra cash using Bank of China MoneyPlus Fund Transfer for any of your emergency requirements. This loan is offered at very low rate of interest to maximize your savings.
Bank of China’s MoneyPlus Term Loan is structured repayment plan typically made on a monthly basis that help manage your expenses much more effectively. This loan is offered at a very low interest rate and processing fee.
Yes. Using the Bank of China Mortgage Loan, you buy a new house, invest in a property, resell your property and also refinance your home for a better rate of interest.
Yes. Presently, the minimum transfer amount to qualify for Bank of China MoneyPlus Fund Transfer is SGD 1000. This value is subject to change as per the discretion of the bank.
Yes. The applicant having a Bank of China MoneyPlus Fund Transfer account must have a minimum income of SGD 30, 000 per annum at the time of processing their application.
The applicant must have a minimum income of SGD 1700 per month in order to be eligible to apply for the Bank of China MoneyPlus Line of Credit.
Yes. The applicant must be between the age limit of 21 years and 65 years in order to be eligible to apply for the Bank of China Mortgage Loan.