Bank of China Home Loan Rates

Bank of China is one of China's big four state-owned commercial banks, founded in 1912 and restructured into a wholly state-owned commercial bank in 1994. It is China's most globalised bank, operating in 64 countries and regions, and in 2011 became the first bank from an emerging economy designated a Global Systemically Important Bank by the Financial Stability Board.

Its Sydney branch dates back more than seventy years to the Second World War, resumed operations in 1985, and Bank of China (Australia) Limited was established locally in 2005. It now runs branches across New South Wales, Victoria, Queensland, Western Australia and South Australia, offering owner-occupier, investment and refinance home loans and acting as an approved agent for the First Home Owners Grant.

Who suits a Bank of China home loan?

Bank of China tends to suit borrowers who want the backing of one of the world's largest banking groups, including customers with ties to China or cross-border banking needs, alongside mainstream Australian home-loan borrowers. Its variable rates regularly rank among the sharpest in our index, so it is worth shortlisting on price alone, not just for its international footprint. Its product terms are published per product rather than in one public fee schedule, so ask for the current terms in writing before applying.

Background facts checked 3 September 2026. Rates above refresh independently.

The line-up as published by Bank of China, checked 3 September 2026. Today's rate for each product is in the table above.

Application or establishment fee

Standard Variable $350, all other products no application fee

Discharge fee

$250

Settlement fee

$0

Additional valuation fee

$0

Rate lock fee

$700

Loan portability

$300 per request (plus any applicable cost )

Lenders mortgage insurer

Helia * QBE LMI guarantor

Capitalising LMI

LMI premium is allowed to be capitalized with total LVR no more than 100%.

Maximum total lending

Secured by property $8,000,000

Extra repayments on fixed

Nil(less than $10,000 per settlement anniversary)

When the fixed rate is locked

A Lock-in Fee will be payable for each loan application where a Fixed Rate interest rate lock-in is requested.

Checked 4 Sept 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.

• Bank of China (Australia) states its home loans are secured by mortgage over residential property and can be used to buy an owner-occupied property, buy an investment property, refinance an existing home loan, or for any other purpose the bank approves.
• Its public home loan products page lists four products by name, Standard Variable Rate, Discount, Discount Plus and Fixed Rate, and points to a Target Market Determination for each rather than publishing one consolidated fee and policy summary.
• Because there is no consolidated public fee schedule, Ratesniffers does not restate application, annual, settlement or discharge fee amounts for Bank of China here. Ask for the current fee schedule for the specific product in writing before you apply.
• Bank of China does not appear on the Australian Government 5% Deposit Scheme participating lender list as at 3 September 2026.