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citiBank Bank of China Home Loan

About Bank of China home loan

The Bank of China opened its gates to Singapore on June 15, 1936. They have been in the local banking industry for over 70 years. With the help of their global network and experienced professionals from all over the world, they’ve been able to provide a full range of financial services. They now offer a number of services such as the Bank of China home loan, savings account, and foreign exchange.

Bank of China home loan

The Bank of China home loan is available for any landed or non-landed private residential properties in Singapore. This home loan Singapore offers can be used for the owner’s occupation or investment.

Another use for this would be for a term loan or overdraft facility. This could help purchase fixed assets or cover short-term debt.

Bank of China home loan: Eligibility

Before applying for a China Bank housing loan, you must fit their requirements for the applicants. You must be between the ages of 21 to 65 years old with a minimum income of SG$24,000 annually or SG$2,000 monthly. Singapore citizens, permanent residents of Singapore, and foreigners can apply for a Bank of China mortgage loan.

Bank of China home loan: Documents Required

If you are eligible for a Bank of China home loan, then you can start compiling the needed documents. You need to submit either the Option to Purchase or Sales and Purchase Agreement that comes with purchasing the property. Next would be your latest computerised payslip or an income tax assessment. If you’re self-employed, you may submit 2 years of tax returns instead.

For a housing loan Singapore offers, you’ll also need to present your latest CPF statement of account or CPF member’s contribution history statement. CPF is a social security system for Singapore citizens and permanent residents. Foreigners applying won’t need this, but something equivalent to this from their home country might be asked.

You must also submit a copy of your National Registration Identity Card (NRIC) or passport. Any tenancy agreements available should also be presented. If ever applicable, evidence of the sale of existing property and loan statements for the preceding 6 months from an existing financier must be submitted.

Once you have all the needed documents, you may bring all of them and visit any of the Bank of China Singapore branch or sub-branch.

Applying for a Bank of China home loan for a new house? Compare home loans with GoBear Singapore to see the best option for you.


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I want to
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Has your property gotten a Temporary Occupation Permit (TOP) yet?

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If your property is a HDB, it should already be built.

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My dream home costs
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so I’d like to borrowI’d like to refinance
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For your first home you can borrow up to 80% of its value. For your second home you can only borrow up to 50%.

Better fill up that piggy bank!

and repay it over years.
You can take up to 30 years to pay back the loan for a HDB flat, and up to 35 for private property and ECs.

If you think you’ll take a while to pay back your loan, you better get it sorted quick – your loan repayment period can’t go past your 65th birthday.
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You can only loan up to ${{limitation.LoanAmount_Max|number}} based on the value of your property.
You need to hold the loan for at least {{limitation.LoanTenure_Min|number}} years.
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