Commercial Loan Secured by Commercial Property

Commercial Loan Secured by Commercial Property

Commercial Loan Secured by Commercial Property

Product Features

The BOC Commercial Loan is specially designed to provide

About the Product

variable interest rate loans secured by commercial property for the purchase of commercial property for owner occupation,

investment or any other commercial purposes.

Eligibility

Available to individual borrowers (natural persons).

Loan Purpose

Suitable for the purchase or refinance of commercial property or any other commercial purposes approved by the Bank.

Loan Term

- Principal & Interest installment loan for up to 15 years. - Interest Only (IO) term loan for up to 5 years.

Variable Rate: 5.43% p.a.

Interest Rate

NB: The Variable Rate is subject to change and the final interest

rate charged will be the rate on the day of settlement

Minimum Loan Amount A$100,000

A$2,000,000

Maximum Loan Amount * The Bank may approve loans with loan amount over

$2,000,000 at its absolute discretion.

Maximum Loan to Value Ratio (LVR)

70%

Principal & Interest: Repayments may be fully amortizing over

the loan term

Repayment Type

IO: Interest only for up to 5 years, with lump sum repayment at

the end of the 5 years or converting to Principal & Interest

repayments for the remaining term.

Early Repayment

Early repayment is allowed

Redraw is allowed, but the amount of redraw is limited to any

Redraw

prepaid amount. The term of Redraw must not exceed the Final

Maturity date.

Security

Commercial Properties (such as retail buildings, offices and industrial buildings) in major metropolitan areas

Valuations

- Mandatory - The Bank is to instruct accredited panel valuers

The default rate equals the interest rate applicable to the relevant

Default Interest

account at the time of default plus 3.00% per annum or at any

other rate as advised by the Bank from time to time.

Documentation

Documentation is to be prepared by the Bank's legal adviser.

Upon termination of the loan, the borrower must fully repay the

following amounts:

Discharge

- Outstanding balance of the loan;

- Unpaid interest estimated to payout date; and

- Unpaid fees and charges

Products are issued by Bank of China (Australia) Limited ABN 28 110 077 622 AFSL 287322 ACL 287322

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Commercial Loan Secured by Commercial Property

Fees & Charges Application Fee Loan Service Fee Drawdown Settlement Fee Valuation Fee Early Repayment Fee Redraw Fee

Legal Fee

Discharge Service Fee*

Other Fees (if applicable) Loan Variation Fee Split Account Guarantor Fee Credit Limit Increase Fee Loan Term Extension Fee

0.20% of the Loan Amount, subject to a minimum charge of A$ 600.00 A$8.00 per month A$150.00 By quotation, payable by the client prior to the issuance of the Letter of Offer Nil A$30.00 per redraw By Quotation, payable if customer signs the Letter of Offer and requests the Bank's legal adviser to prepare Legal Documentation. A$450 (first security); and A$250 (each additional security) *Per discharge security, not including related legal costs.

A$300.00 A$150.00 per account A$300.00 A$300.00 A$300.00

Note: The above rates and fees are effective from 23/08/2016. All information above is subject to change. Other fees and charges are payable. Approval of this product is subject to our normal lending criteria. Terms and conditions apply. Full details are available on application or by talking to our Lending Relationship Manager.

Bank of China (Australia) Limited ABN 28 110 077 622 is the credit provider. To find out more information, please visit au or call Bank of China (Australia) Ltd on (02) 82355888 / (03) 96023655 / (07) 3221 8888.

Products are issued by Bank of China (Australia) Limited ABN 28 110 077 622 AFSL 287322 ACL 287322

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