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Mortgages
There is a lot to consider when buying a home. One of which is choosing the right mortgage. That's why at Standard Chartered, we have experts to help you, and to offer you services and solutions that best meet your needs.
1. Do you have sufficient cash for down payment?
Enjoy greater flexibility with our various mortgage plans
Apart from conventional mortgage plans with 70% mortgage loan, we also offer the Mortgage Insurance Programme, where you can get a loan for up to 90% of the property value. This gives you greater financial flexibility.
2. How can you have more control over the interest rate?
Different mortgage plans to suit your needs
| 1. | Prime-based Mortgage – more control over your interest expenses The interest rate for the prime-based mortgage is relatively stable, which means the mortgage instalment does not vary much from month to month. This way, you'll have more control over your interest expenses. |
| 2. | HIBOR Mortgage Plan – interest rate that stays on top of the market Our HIBOR mortgage plan allows you to enjoy Hong Kong Interbank Offered Rate as the mortgage interest rate. Now you can plan your mortgage payments with ease because you’ll be able to choose a 1-/3-/6-month fixing period. Also, a mortgage interest rate cap will be set automatically on the maturity day of the HIBOR fixing period till the next maturity day. |
3. Which mortgage plan lets you earn more?
Fabulous mortgage plans. Fabulous benefits
| 1. | MortgageOne® – shortens the repayment period and saves half your interest costs+ | |
| • | Cut your interest cost by half and shortened your mortgage repayment period | |
| • | Enjoy greater flexibility and withdraw your deposits whenever | |
| • | Consolidated monthly statement all at a glance | |
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Monthly repayment, length of the MortgageOne® repayment period and whether or not there are interest savings are subject to various factors such as loan amount, loan tenure deposit balance etc. The final amount saved does not take into account any other fees such as deposit service charge, handling fee and annual maintenance fee (if applicable). For details of calculation, please contact Standard Chartered Bank (Hong Kong) Limited branch staff. |
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| 2. | FamilyLink – works for you and benefits your family FamilyLink – a unique way for your family to “link” their deposits and earn extra bonus interest while maintaining independent control of their own accounts. The bonus interest can be applied to the mortgage principal to pay the mortgage off quicker or kept as savings. Everyone gains! |
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| 3. | Mortgage Loan Assurance Plan – a hassle-free protection to cover your needs This life protection insures your loved one in case you pass away during the benefit term. Your loved one will receive the assured benefit sum*, which can be used to pay the outstanding mortgage balance. |
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For the purpose of calculating the premium and the assured sum, the current interest rate for the Mortgage Loan Assurance Plan is 8%p.a., that may differ from the actual mortgage interest rate. So, the final sum assured received may differ from the actual outstanding mortgage balance. |
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4. Apart from the fabulous benefits, are there any other packages to choose from?
Home Bonus Pack – Home buying made convenient
Our Home Bonus Pack does not only enhance your distinct advantage with Priority Banking / Preferred Banking, but also offer a host of attractive credit card benefits as well as provide complete protection for your home.
For more details on our mortgage plans, please visit any of our branches or contact our staff.
| Important Notes: | |
| 1. | Sum of money in the MortgageOne® Account is NOT an alternative to ordinary saving or time deposit, and is NOT a protected deposit and NOT being protected under the Deposit Protection Scheme in Hong Kong. |
| 2. | The arrangement fee and annual maintenance fee of MortgageOne® are HK$2,000 and HK$500 respectively. |
| 3. | The annual fee of FamilyLink is HK$500. |
| 4. | Terms and conditions apply. For detail, please contact our branch staff. |
MortgageOne®MortgageOne® Helps You Own Your Home In A Flexible Way. |
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Mortgage Loan Assurance PlanPeace of mind for the home you cherish. |
