Home Loans

Mortgage Insurance Programme

Make your dream of owning a property a reality with the Mortgage Insurance Programme

Loan amount up to 90%* of purchase price of the property or the appraised value, whichever is lower
Loan tenor up to 30 years
New Purchase, Refinancing and Cash-out Refinancing
Free property valuation
Competitive mortgage terms
Comprehensive professional services – make an e-Appointment with our Home Advice Specialists now

* Applicable to First-Time-Home-Buyer who fulfilled relevant requirements only.

Features of Mortgage Insurance Programme

Mortgage Insurance Programme offers a loan-to-value ratio up to 90% to suit your personal needs.

	Mortgage Insurance Programme
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	Regular property types and village-type houses¹
Maximum Loan Amount	HK$4,800,000¹
Maximum Loan Tenor	30 years
Eligibility	Personal Customers and Self-use residential properties
Premium² (can be financed with the mortgage loan in one lump sum)	A mortgage insurance premium is required
Cash-Out Refinancing³	Loan-to-value ratio up to 80%, cap at HK$4,800,000¹

A loan-to-value ratio of up to 80% can be offered for selected village-type houses that are approved by the Bank.
Please refer to the enclosed premium reference table.
Maximum loan tenor of cash-out refinancing is 25 years.

The above product features 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.
Final approval is subject to the decision of the Hong Kong Mortgage Corporation Limited.

Premium reference table for Mortgage Insurance Programme

Loan-To-Value(LTV) Ratio	Tenor	Single Premium (% of the original loan amount)	Annual Premium Payment
Loan-To-Value(LTV) Ratio	Tenor	Single Premium (% of the original loan amount)	First Year (% of the original loan amount)	Renewal (% of the original loan amount)
60% up to 80%	10	1.15	0.58	0.28
	15	1.50	0.79	0.28
	20	1.85	0.93	0.28
	25	2.00	1.00	0.28
	30	2.15	1.11	0.28
60% up to 85%	10	1.80	0.82	0.53
	15	2.28	1.02	0.53
	20	2.68	1.13	0.53
	25	2.95	1.29	0.53
	30	3.05	1.40	0.53
60% up to 90%	10	2.60	1.09	0.77
	15	3.18	1.39	0.77
	20	3.75	1.62	0.77
	25	4.10	1.79	0.77
	30	4.35	2.03	0.77

Final approval is subject to the decision of the Hong Kong Mortgage Corporation Limited.
The above insurance premium (LTV threshold at 60%) is subject to the applicable rate quoted by the Hong Kong Mortgage Corporation Limited from time to time.