Owning your first home today is as easy as A-B-C
DBS Bank understands your family values and your personal goal of having your own home sooner. We also know that buying a home is a huge investment and may appear to be a far-away dream for young career seekers. Therefore, we introduce Mortgage 1-2-3 to pioneer an innovative mortgage structure for you to own your first home today as easy as A-B-C! So, you can get started without waiting!

Progressive schedule to reduce your mortgage repayments by 17%
Mortgage 1-2-3 pioneers an innovative 30-year progressive repayment schedule, which calculates your monthly repayment amount for the first 10 years based on a 40-year tenor to reduce your mortgage burden by 17% compared with ordinary 30-year mortgage plans. Afterwards, when your income grows steadily and your financial condition becomes stronger, we will automatically adjust your repayment amount to reduce your interest expenses and help you pay off your mortgage earlier!

Example 1:

Mortgage 1-2-3 First 10 year's monthly mortgage instalments	Ordinary 30-year mortgage plan First 10 years' monthly mortgage instalments	Mortgage Payment Savings
HK$4,947	HK$5,927	17%

Note: The above example assumes that the applicant is 30 years old. The mortgage loan amount and interest rate are HK$1,500,000 and P-3% p.a. respectively while the Hong Kong Dollar Prime Rate ("P") is 5.5% p.a. The above example is for reference only. Our Hong Kong Dollar Prime Rate ("P") is 5.5% p.a. and mortgage interest rate is P-3% p.a. as of 27 May 2008.

Enjoy a total of 22% interest expense savings
After the first 10 years of mortgage, we will automatically adjust upwards your repayment amount as your income grows steadily. The calculation of the repayment amount will be based on your outstanding loan amount and the remaining 20-year loan tenor. Compared with ordinary 40-year mortgage plans, you can enjoy up to 22% interest expense savings.

Example 2:

	Mortgage 1-2-3	Ordinary 40-year mortgage plan	Interest Expense Savings
Total Amount of Interest Expense	HK$685,747	HK$874,452	22%

Note: The above example assumes that the applicant is 30 years old. The mortgage loan amount and interest rate are HK$1,500,000 and P-3% p.a. respectively while the Hong Kong Dollar Prime Rate ("P") is 5.5% p.a. The above example is for reference only. Our Hong Kong Dollar Prime Rate ("P") is 5.5% p.a. and mortgage interest rate is P-3% p.a. as of 27 May 2008.

Wide range of mortgage offers
Mortgage 1-2-3 is suitable for new purchase from first and secondary markets, with a loan-to-value ratio of up to 95%. You can also choose between the DBS Prime Rate and HIBOR based offer to catch hold of prevailing interest rate trends to maximize your interest savings.

Professional mortgage services
Our Mortgage Centers and Hotline are always available to serve you and answer any mortgage questions that you may have. Besides, you can make an appointment with our Mortgage Sales Managers at a time and place of your choice. At the same time, you can enjoy our property valuation service free of charge.