• Interest Rate (p.a)

    4.55%

  • New Base Rate

    4.05%

  • Loan Type

    Term Loan

  • Lock in Period

    3 years

Loan calculator
Loan amount

RM

Loan Tenure (years)
Interest Rate (p.a)

4.55%

Monthly Repayment

RM2,548

Whats so great about Bank of China Malaysia Home Loan?
  • Best fixed rate home loan
  • Best for loan amounts from RM500,000-RM600,000

Eligibility

Loan Tenure: Up to 30 Years
Margin of Finance: Up to 90%
Suitable for: Completed & under-construction residential properties

Product Review by iMoney

Is A Bank of China Malaysia Home Loan Right for Me?

Bank of China Malaysia home loan will be granted to individual which part finance the purchase of a completed or under construction residential property. The term home loan is calculated on a variable rate basis and you are offering your house / property as a security for this financing.

Bank of China Malaysia's base rate on this product is made up of two parts, our benchmark cost of funds (COF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia.

Bank of China Malaysia Home Loan Package

The table below summarises the key features of Bank of China Malaysia Home Loan
Product Key Features Is this a flexi package?
BOCM Home Loan
  • Make prepayment or full settlement within the first 3 years from the date of first release of the loan is subject to prepayment fee of 3% on the prepayment amount.
No

Am I Eligible for a Bank of China Malaysia Home Loan?

Customers who are between 21 to 65 years of age are eligible to apply.

What Documents Will I Need to Prepare?

Below is the list of documents that you will be required to prepare for Bank of China Malaysia Home Loan application: * Copy of NRIC (Front & Back) / Passport * Latest 3 months' salary slips / Income Tax Assesment * Latest EPF statements / bank statement of salary crediting account * Proof of Purchase/Sales and Purchase Agreement. * Tenancy Agreements (If applicable) * For self-employed, please provided Form 24 and 49 (business registration forms) and latest 6 months financial statement

Sounds Great! How Should I Proceed?

Use the Bank of China Malaysia calculator to determine your monthly instalments based on your desired property value and loan amount. Once you have determined the ideal loan amount for you, you can apply through iMoney and our mortgage consultants will assist you with your enquiries. If you are not sure whether this Bank of China Malaysia Home Loan is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay my Bank of China Malaysia Home Loan?

Here are some of the repayment methods for Bank of China Malaysia home loans. Online Transfer : Transfer funds from your Savings or Checking accounts to make your payments. Interbank GIRO : Pay your loans through the Interbank GIRO fund transfer from any participating bank’s branch or through online banking. Bank of China Malaysia ATMs : Transfer funds from your BOCM Savings or Current accounts to make your payment at all BOCM branches/ATMs branches Standing Instruction Facility : Sign up at our branches to have your bank account automatically debited.
If you are looking for other home loans, you may also consider
HSBC Home Loan : HSBC provides a home loan rate starts from Base Rate (BR) 3.75%. The option of a flexi loan package is available and there is a 90% margin of financing. The lock-in period for this home loan is 5 years. Standard Chartered Home Loan : The mortgage rate from Standard Chartered Bank starts from Base Rate (BR) 3.67%. It does come with the option of a flexi loan package and a maximum of 90% margin of financing. There is no lock-in period that comes with the mortgage. UOB Home Loan : At UOB, the housing loan rate starts from Base Rate (BR) 3.92%. The option of a flexi loan package is available for this loan and there is a maximum of 90% margin of financing. There is a 3 year lock-in period for this housing loan.