The Bank of East Asia

Corporate Banking



Arrangement Fee

For the setting up of your mortgage, loan or advance. This fee is payable upon your acceptance of our offer and is non-refundable.


The Bank of East Asia, Limited UK Branch (operating through three branches in London, Birmingham and Manchester) - is a branch of The Bank of East Asia, Limited and its successors and assigns. References to "we", "us", "ours" etc, mean the Bank.

Bank's Base Rate

The Bank’s Base Rate from time to time in force as published in the UK Branch and online at the Bank's website which can be found here.

Early Repayment Charge (ERC)

An ERC is a charge you may have to pay if you repay the whole of your mortgage, loan or advance by paying it back early during a certain term. Any ERC payable will be explained to you at the mortgage, loan or advance application stage and will be set out in our offer to you.

Interest (see "Repayment" below)

The money you are charge for the mortgage or loan.

Interest Rate

The rate of interest payable for the mortgage or loan.


The fixed interest percentage that is added on top of the Bank’s Base Rate to determine the Interest Rate.


A loan which is secured against a property.

Mortgage / Loan Term

The length of time over which you agree to pay back your mortgage or loan.

Principal (see "Repayment" below)

The amount you borrow to help you buy your property/refinance your property/as a further advance.


Monthly repayments covering both the Principal and Interest - so by the end of the agreed term, the amount borrowed is repaid in full (providing all repayments are made in full each month).


Legal charge over the property to protect the Bank in respect of the mortgage or loan. The Bank can take possession and sell it if you do not keep up the mortgage or loan payments.


A basic inspection of the property conducted on our behalf to assess its value and whether the property is suitable Security for the mortgage or loan.