First in the town Less Down Payment
Higher Investment efficiency
Standard Chartered Investment Mortgage Insurance Programme relaxes the restriction imposed by general mortgage plans, offering you a mortgage facility to purchase property and earn rental income at much lower costs, thereby maximizing your investment returns.
Down Payment as low as 15% of the property price
General mortgage plans in the market stipulates that the loan ceiling is 70% of the property price. This programme offers you a mortgage loan up to 85% of the property price and reduces your down payment to just 15% of the property price, which can free your funds to capture other investment opportunities.
Double up your purchasing power More choices for you
Provides with same amount of Down payment, a higher Loan-to-value ratio will increase your purchasing power. With this, you can have more property choices.
| General Mortgage Plan | SCBHK Investment Mortgage Insurance Programme |
|
| Down payment | HK$600,000 | |
| Loan-to-value Ratio | 70% | 85% |
| Maximum Property Value | HK$2,000,000 | HK$4,000,000 Double up your purchasing power |
Application Details
- Pre-approval Loan Application Service3
- Applicable to individual or shell company
- Loan tenor upto 30 years
- Prime Rate (P), Hong Kong Interbank Offered Rate (HIBOR) or Standard Chartered Fixed Rate as interest base for selection
Terms and Conditions for Standard Chartered Investment Mortgage Insurance Programme:
- Standard Chartered Investment Mortgage Insurance Programme (the "Plan") will only be offered to the customers who submit the mortgage loan application on or after 2nd May, 2007 (the "Effective Date").
- Only customer who applies his/her mortgage loan after the Effective Date and subsequently draw down the loan will be eligible to join the Plan ("Eligible Customer").
- If no Preliminary or Formal Agreement of Sales and Purchase is submitted, the Pre-approval Loan Application Service will be granted as an approval-in-principle. Any premium paid will not be refunded.
- Standard Chartered Bank (Hong Kong) Limited ("the Bank") reserves the right to terminate the plan or alter any of the above terms and conditions at anytime without prior notice. In case of any disputes, the approval and the decision of the Bank shall be final and conclusive.
- In case of discrepancies between the English version and its Chinese translation, the English version shall prevail.