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Bank Of China Malaysia Flexi Housing Loan

  • icon Interest Rate
    Interest Rate
  • icon New Base Rate
    New Base Rate
    2.55 %
  • icon Loan Type
    Loan Type
    Flexi Loan
  • icon Lock in Period
    Lock in Period
    3 years

icon New Base Rate Home Loan Calculator

RM
year(s)
Interest Rate
You Pay
RM /mth

Whats so great about Bank Of China Malaysia Flexi Housing Loan?

  • Deposit excess funds anytime to save interest

  • Full Flexi Packages

icon Eligibility

Loan Tenure: Up to 35 Years
Margin of Finance: Up to 90%
Suitable for: Completed & under-construction residential properties

Review by iMoney

  • Bank of China Malaysia home loan will be granted to an 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.

  • The table below summarises the key features of the Bank of China Malaysia Home Loan
    Product Key Features Is this a flexi package?
    BOCM Housing Loan
    • Conventional term loan with the option of an overdraft facility.
    • Variable interest rate.
    No
    BOCM Flexi Housing Loan
    • Home loan linked to a current account.
    • Additional find into current account to offset loan outstanding to reduce loan interest.
    • Daily interest calculation method offers immediate savings.
    Yes
  • Customers who are between 21 to 65 years of age are eligible to apply.
  • 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

  • Use the Bank of China Malaysia calculator to determine your monthly installments 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 inquiries. 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.

  • Here are some of the repayment methods for Bank of China Malaysia home loans.

    Online Transfer
    : Transfer funds from your Savings or Checking account 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.