Bank of China provides home loans for the Singapore residential market as well as commercial properties purchased under personal names. Their home loans are available for private condominiums and landed properties only. HDB flats and Executive Condominiums (EC) are excluded. Their mortgages are pegged to 3M SIBOR and/ or 3M SOR rates.
They are one of the few banks in Singapore that offer 3M SOR in addition to 3M SIBOR. An unique feature of their variable packages is the flexibility to switch between 3M SOR and 3M SIBOR rates free of charge. It is also one of the very few banks who offers a constant spread throughout the loan tenor to hedge against increasing new rates offered in future. Their mortgage packages may include a no penalty clause if you redeem the loan due to sale of property within the lock in period. For new launch mortgages, Bank of China provide a free conversion after the project achieve TOP status. Clients also enjoy special rate for home renovation loan and waiver of annual fees for BOC Credit Card throughout the loan tenor.