Home Loan Interest Rates Owner Occupied Property (Effective from 23/07/2019)
2019-07-23
| Current Offers for Owner-occupier Home Loan Interest Rates | ||||||
|---|---|---|---|---|---|---|
| Repayment Type | Loan Type | Rates p.a. | Offset | |||
| Australian Income | Overseas Income | |||||
| Annual percentage rate | Comparison rate1 | Annual percentage rate | Comparison rate1 | |||
| Standard Variable Rate Home Loan | 4.54% | 4.59% | 4.54% | 4.59% | ||
| Principal and Interest | Home Buyer 3 Year Introductory Rate* | 3.05%3 | 3.64% | N/A | N/A | - |
| Discount Home Loan | 3.14%4 | 3.37% | 4.14% | 4.35% | - | |
| Discount Plus Home Loan | 3.14%4 | 3.58% | 4.14% | 4.55% | Full | |
| 1 Year Fixed Rate | 4.29% | 4.73% | 4.59% | 4.75% | - | |
| 2 Year Fixed Rate | 3.19%3 | 3.86% | 4.59% | 4.76% | - | |
| 3 Year Fixed Rate | 3.29%3 | 3.84% | 4.59% | 4.76% | - | |
| 4 Year Fixed Rate | 4.49% | 4.73% | 4.59% | 4.77% | - | |
| 5 Year Fixed Rate | 4.49% | 4.73% | 4.59% | 4.77% | - | |
| Interest Only2 | Discount Home Loan | 3.79%4 | 4.01% | 4.14% | 4.35% | - |
| Discount Plus Home Loan | 3.79%4 | 4.21% | 4.14% | 4.55% | Full | |
| 1 Year Fixed Rate | 4.29% | 4.73% | 4.59% | 4.75% | - | |
| 2 Year Fixed Rate | 4.29% | 4.70% | 4.59% | 4.76% | - | |
| 3 Year Fixed Rate | 4.39% | 4.71% | 4.59% | 4.76% | - | |
| 4 Year Fixed Rate | 4.49% | 4.73% | 4.59% | 4.77% | - | |
| 5 Year Fixed Rate | 4.49% | 4.73% | 4.59% | 4.77% | - | |
| *Rate available to Single Property Holders only. A ‘Single Property Holder’ is registered as an owner on title for only one property in Australia. | ||||||
1. The comparison interest rate calculation is based on a loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2. For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.
3. Rates available for loan applications received by 30 September 2019 and settled before 31 December 2019 with an LVR ≤ 80%. After the fixed period this loan converts to a Principal and Interest Owner Occupied loan with a discount margin of 1% pa. Home Buyer 3 Year Introductory rates are available for new borrowers only and are not available to applicants wanting to switch from their existing home loan with the Bank.
4. Rates available for applications received by 30 September 2019 and settled before 31 December 2019 with an LVR ≤ 80%. These rates are available for new borrowers only and are not available to applicants wanting to switch from their existing home loan with the Bank.
Credit provider is Bank of China (Australia) Limited Australian Credit Licence 287322.
For more information see the Home Loan Product Sheet at a retail branch or at bankofchina.com/au or phone Bank of China (Australia) Limited on (02)92123877/ (03)96023655 / (07)32218888.
