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Buying a house is everyone's dream. DBS Bank provides two 90% mortgage plans for you to realise your dream with only 10% down payment.
Two mortgage plans for different needs
Both the Mortgage Insurance Programme and the "1+2" 90% Mortgage
Plan offer a loan-to-value ratio of up to 90%. Yet, they differ
in other aspects to fulfill your different needs.
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Mortgage Insurance Programme |
"1+2" 90% Mortgage Plan |
| Mortgage Type |
New mortgage
for primary market properties (completed or under construction)
and secondary market properties, refinancing and cash-out
refinancing |
| Maximum Property Value |
HK$6,000,000 |
| Property Type |
Village-type houses1
and rehabilitation projects2
under Urban Renewal Authority in addition to regular type
of property |
Village-type houses1
or aged properties including Chinese tenements2
in addition to regular type of property |
| Maximum Loan Amount |
HK$5,400,000 |
First and Second mortgage: HK$5,400,000 |
| Maximum Loan Tenor |
40 years |
30 years |
| Eligibility |
Owners of self-use
private residential properties under personal ownership |
| Premium/Upfront Fee3
(can be borrowed along with the mortgage loan in one lump
sum) |
A mortgage insurance premium
is required |
An upfront fee is required |
| Cash-out refinancing4 |
Up to loan-to-value ratio
of 85% to obtain a maximum loan amount of HK$5,000,000 |
Up to loan-to-value ratio
of 85% to obtain a maximum loan amount of first and second
mortgage of HK$5,000,000 |
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A loan-to-value ratio of up to 85%
can be obtained for selected village-type houses that
are approved by the Bank.
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A loan-to-value ratio of up to 85%
can be obtained.
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Please refer to the enclosed fee/premium
reference table.
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Maximum loan tenor of cash-out refinancing
is 25 years.
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Remarks:
The above product features of Mortgage Insurance Programme
and “1+2” 90% Mortgage Plan are for reference only.
The Bank reserves the right to change the features from time
to time without prior notice. Please contact our staff for details. |
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| Wide range of mortgage
offers
You can choose among the DBS Prime Rate based, HIBOR, or fixed rate
offers for the first mortgage; and the Composite Rate announced
monthly by the Hong Kong Monetary Authority for the second mortgage
to maximise your interest savings. Moreover, the property valuation
fee is waived.
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| Professional mortgage
services
Our Mortgage Hotline is 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.
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Premium reference table for Mortgage Insurance Programme
Loan-To-Value(LTV)
Ratio |
Tenor |
Single
Premium
(% of the original loan amount) |
Annual Premium
Payment |
First Year
(% of the original loan amount) |
Renewal
(% of the original loan amount) |
Above 70% and
up to 75% |
|
| 0.55 |
| 0.60 |
| 0.65 |
| 0.70 |
| 0.75 |
| 0.80 |
| 0.85 |
|
N/A |
N/A |
Above 75% and
up to 80% |
|
| 1.00 |
| 1.15 |
| 1.40 |
| 1.50 |
| 1.65 |
1.75 |
1.85 |
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| 0.50 |
| 0.60 |
| 0.70 |
| 0.75 |
| 0.85 |
| 0.95 |
| 1.05 |
|
| 0.24 |
| 0.24 |
| 0.24 |
| 0.24 |
| 0.24 |
| 0.24 |
| 0.24 |
|
| Above 80% and
up to 85% |
|
| 1.55 |
| 1.80 |
| 2.15 |
| 2.30 |
| 2.40 |
| 2.50 |
| 2.60 |
|
| 0.70 |
| 0.80 |
| 0.90 |
| 1.00 |
| 1.10 |
| 1.20 |
| 1.30 |
|
| 0.45 |
| 0.45 |
| 0.45 |
| 0.45 |
| 0.45 |
| 0.45 |
| 0.45 |
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| Above 85% and
up to 90% |
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| 2.15 |
| 2.50 |
| 2.98 |
| 3.35 |
| 3.55 |
| 3.75 |
| 3.95 |
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| 0.90 |
| 1.09 |
| 1.28 |
| 1.46 |
| 1.65 |
| 1.85 |
| 2.05 |
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| 0.63 |
| 0.63 |
| 0.63 |
| 0.63 |
| 0.63 |
| 0.63 |
| 0.63 |
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The final approval is subject to the decision
of the Hong Kong Mortgage Corporation Limited.
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The above insurance premium (LTV threshold
at 70%) is subject to the applicable rate quoted by the Hong
Kong Mortgage Corporation Limited from time to time.
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Upfront fee reference table for "1+2" 90% Mortgage Plan
Loan-To-Value
(LTV) Ratio |
Tenor of Second
Mortgage |
Upfront Fee |
Above
70% and up to 80% |
|
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| Above
80% and up to 85% |
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| Above
85% and up to 90% |
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The upfront fee is based on the total loan
amount of the first and second mortgage, and can be settled
by instalment.
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The upfront fee is subject to revision and
change without prior notice.
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Contact us today! We are delighted
to offer you the right mortgage plan to meet your needs for buying your
dream house. For enquiries, please call our Mortgage Hotline on 2961 2288
or visit any of our branches.
 
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90% Mortgage Plan & Total Relationship Balance
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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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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