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DBS HIBOR Mortgage Plan enables you to take advantage of market interest rate movement to capture a lower mortgage rate to save on interest payment.
Take advantage of fixed rate protection with HIBOR
Unlike mortgages that are based on the Hong Kong Dollar Prime Rate, the HIBOR Mortgage Plan uses the Hong Kong Interbank Offered Rate (HIBOR) as its basis, which closely follows the interest rate market trends. As interest rates move in an upward trend, you can enjoy rate protection simply by locking in for a longer fixed rate period. When interest rate forecasts predict to be volatile, you can choose a shorter fixed rate period and take advantage of a lower rate.
Choice of fixed rate periods for greater flexibility
Enjoy greater flexibility with your choice of an extensive range of fixed rate periods including 1, 3, 6 and 12 months, and even as long as 5 years. Each of the fixed rate periods has a different corresponding HIBOR. During your selected fixed rate period, the interest rate is fixed and will not be influenced by any interest rate fluctuations.
Upon renewal, a new interest rate will be fixed based on the prevailing HIBOR. You can enjoy the flexibility of choosing a new fixed rate period upon each renewal, enabling you to grasp the opportunity to plan for future interest rate changes.
No application fee
There is no handling charge to apply for the HIBOR Mortgage Plan. Upon renewal, you can switch to DBS Hong Kong Dollar Prime rate-based mortgage plan, and the first time switching fee is waived.
Special offers and benefits
The HIBOR Mortgage Plan offers a wide range of exclusive services and benefits:
Loan amount up to 95% of the appraised property value* Loan tenor up to 30 years Valuation fee waiver and fire insurance premium waiver for the second year
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Professional mortgage services
Our Mortgage Centers and Mortgage Hotline are always available to serve you and answer any mortgage questions that you may have. Besides, you can also make an appointment with our Mortgage Sales Managers at a time and place that best fits with your schedule.
| HIBOR Mortgage Plan & Total Relationship Balance |
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Total Relationship Balance counts every dollar in your personal and joint accounts, including deposits, investment, outstanding balances of credit cards and loans. With a higher Total Relationship Balance, you can enjoy better rates for your time deposits. Act now to consolidate all your accounts with us to maximize your financial strength. |
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* Customers can obtain a loan-to-value ratio of more than 70% by applying the Mortgage Insurance Programme or "1+2" 95% Mortgage Plan. Please contact our staff for details.
Note: The Bank reserves the right on final approval of the mortgage loan and to revise the loan offers without prior notice.
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