Straight2Bank
You can choose between Hibor-based Mortgage Plan or Prime-based Mortgage Plan.
Up to 90% Mortgage Plan* | Up to 90% Mortgage Plan* | Traditional Mortgage Plan | |
|---|---|---|---|
| Property Value | HK$10,000,000 | HK$10,000,000 | HK$10,000,000 |
| Down Payment | HK$1,000,000 | HK$2,000,000 | HK$3,000,000 |
| Loan to Value | 90% | 80% | 70% |
| Insurance Premium | HK$250,000 | HK$109,000 | N/A |
The above example is for reference only, based on the assumptions of:
- First-time homebuyer with regular income for completed residential properties;
- Floating rate mortgage;
- Tenor of 30 years;
- Single Premium Payment
(For First-time Homebuyer and all applicants without having any outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment (% of the Original Principal Balance) | Annual Premium Payment | |
|---|---|---|---|---|
| First Year (% of the Original Principal Balance) | Renewal (% of the Original Principal Balance) | |||
| 70% up to 75% LTV | 10 | 0 | N/A | N/A |
| 15 | 0 | |||
| 20 | 0 | |||
| 25 | 0 | |||
| 30 | 0 | |||
| 70% up to 80% LTV | 10 | 0.5 | 0.45 | 0.22 |
| 15 | 0.6 | 0.55 | 0.22 | |
| 20 | 0.76 | 0.65 | 0.22 | |
| 25 | 0.83 | 0.7 | 0.22 | |
| 30 | 0.92 | 0.8 | 0.22 | |
| 70% up to 85% LTV | 10 | 0.86 | 0.65 | 0.43 |
| 15 | 1.02 | 0.75 | 0.43 | |
| 20 | 1.25 | 0.85 | 0.43 | |
| 25 | 1.35 | 0.95 | 0.43 | |
| 30 | 1.41 | 1.05 | 0.43 | |
| 70% up to 90% LTV | 10 | 1.25 | 0.85 | 0.61 |
| 15 | 1.48 | 1.04 | 0.61 | |
| 20 | 1.79 | 1.23 | 0.61 | |
| 25 | 2.03 | 1.41 | 0.61 | |
| 30 | 2.16 | 1.6 | 0.61 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive).
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For non first-time homebuyer and all applicants without having any outstanding mortgages) (Also for cash out re-financing)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| % up to 75% LTV | 10 | 0.15 | N/A | N/A |
| 15 | 0.15 | |||
| 20 | 0.15 | |||
| 25 | 0.15 | |||
| 30 | 0.15 | |||
| 70% up to 80% LTV | 10 | 0.65 | 0.50 | 0.24 |
| 15 | 0.75 | 0.60 | 0.24 | |
| 20 | 0.91 | 0.70 | 0.24 | |
| 25 | 0.98 | 0.75 | 0.24 | |
| 30 | 1.07 | 0.85 | 0.24 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For First-time Homebuyer and all applicants without having any outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 70% up to 75% LTV | 10 | 0.00 | N/A | N/A |
| 15 | 0.00 | |||
| 20 | 0.00 | |||
| 25 | 0.00 | |||
| 30 | 0.00 | |||
| 70% up to 80% LTV | 10 | 0.60 | 0.53 | 0.26 |
| 15 | 0.71 | 0.64 | 0.26 | |
| 20 | 0.90 | 0.76 | 0.26 | |
| 25 | 0.97 | 0.81 | 0.26 | |
| 30 | 1.09 | 0.93 | 0.26 | |
| 70% up to 85% LTV | 10 | 1.01 | 0.76 | 0.5 |
| 15 | 1.20 | 0.87 | 0.5 | |
| 20 | 1.46 | 0.99 | 0.5 | |
| 25 | 1.57 | 1.10 | 0.5 | |
| 30 | 1.64 | 1.22 | 0.5 | |
| 70% up to 90% LTV | 10 | 1.46 | 0.99 | 0.7 |
| 15 | 1.72 | 1.20 | 0.7 | |
| 20 | 2.08 | 1.42 | 0.7 | |
| 25 | 2.35 | 1.63 | 0.7 | |
| 30 | 2.50 | 1.85 | 0.7 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive).
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For all applicants without having any outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 70% up to 75% LTV | 10 | 0.15 | N/A | N/A |
| 15 | 0.15 | |||
| 20 | 0.15 | |||
| 25 | 0.15 | |||
| 30 | 0.15 | |||
| 70% up to 80% LTV | 10 | 0.75 | 0.58 | 0.28 |
| 15 | 0.86 | 0.69 | 0.28 | |
| 20 | 1.05 | 0.81 | 0.28 | |
| 25 | 1.12 | 0.86 | 0.28 | |
| 30 | 1.24 | 0.98 | 0.28 | |
# Applicable to property value## above HK$15 million and up to HK$17.15 million for mortgage loans (i) from secondary market transactions with provisional sale and purchase agreement signed on or after 28 February 2024 and (ii) from primary market transactions, irrespective of the date of the provisional sale and purchase agreement.
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For First-time Homebuyer and applicants having outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 60% up to 65% LTV | 10 | 0.00 | N/A | N/A |
| 15 | 0.00 | |||
| 20 | 0.00 | |||
| 25 | 0.00 | |||
| 30 | 0.00 | |||
| 60% up to 70% LTV | 10 | 0.15 | N/A | N/A |
| 15 | 0.15 | |||
| 20 | 0.15 | |||
| 25 | 0.15 | |||
| 30 | 0.15 | |||
| 60% up to 75% LTV | 10 | 0.30 | N/A | N/A |
| 15 | 0.30 | |||
| 20 | 0.30 | |||
| 25 | 0.30 | |||
| 30 | 0.30 | |||
| 60% up to 80% LTV | 10 | 0.60 | 0.53 | 0.26 |
| 15 | 0.83 | 0.74 | 0.26 | |
| 20 | 1.05 | 0.88 | 0.26 | |
| 25 | 1.15 | 0.95 | 0.26 | |
| 30 | 1.25 | 1.06 | 0.26 | |
| 60% up to 85% LTV | 10 | 1.02 | 0.77 | 0.51 |
| 15 | 1.33 | 0.97 | 0.51 | |
| 20 | 1.59 | 1.08 | 0.51 | |
| 25 | 1.77 | 1.24 | 0.51 | |
| 30 | 1.83 | 1.35 | 0.51 | |
| 60% up to 90% LTV | 10 | 1.54 | 1.04 | 0.75 |
| 15 | 1.92 | 1.34 | 0.75 | |
| 20 | 2.29 | 1.57 | 0.75 | |
| 25 | 2.52 | 1.74 | 0.75 | |
| 30 | 2.68 | 1.98 | 0.75 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For First-time Homebuyer and applicants having outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 60% up to 65% LTV | 10 | 0.00 | N/A | N/A |
| 15 | 0.00 | |||
| 20 | 0.00 | |||
| 25 | 0.00 | |||
| 30 | 0.00 | |||
| 60% up to 70% LTV | 10 | 0.15 | N/A | N/A |
| 15 | 0.15 | |||
| 20 | 0.15 | |||
| 25 | 0.15 | |||
| 30 | 0.15 | |||
| 60% up to 75% LTV | 10 | 0.30 | N/A | N/A |
| 15 | 0.30 | |||
| 20 | 0.30 | |||
| 25 | 0.30 | |||
| 30 | 0.30 | |||
| 60% up to 80% LTV | 10 | 0.71 | 0.62 | 0.30 |
| 15 | 0.97 | 0.86 | 0.30 | |
| 20 | 1.23 | 1.02 | 0.30 | |
| 25 | 1.35 | 1.10 | 0.30 | |
| 30 | 1.46 | 1.23 | 0.30 | |
| 60% up to 85% LTV | 10 | 1.20 | 0.89 | 0.59 |
| 15 | 1.55 | 1.12 | 0.59 | |
| 20 | 1.85 | 1.25 | 0.59 | |
| 25 | 2.05 | 1.43 | 0.59 | |
| 30 | 2.13 | 1.56 | 0.59 | |
| 60% up to 90% LTV | 10 | 1.79 | 1.20 | 0.87 |
| 15 | 2.23 | 1.55 | 0.87 | |
| 20 | 2.65 | 1.81 | 0.87 | |
| 25 | 2.92 | 2.01 | 0.87 | |
| 30 | 3.10 | 2.28 | 0.87 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For First-time Homebuyer and applicants having outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 60% up to 65% LTV | 10 | 0.00 | N/A | N/A |
| 15 | 0.00 | |||
| 20 | 0.00 | |||
| 25 | 0.00 | |||
| 30 | 0.00 | |||
| 60% up to 70% LTV | 10 | 0.15 | N/A | N/A |
| 15 | 0.15 | |||
| 20 | 0.15 | |||
| 25 | 0.15 | |||
| 30 | 0.15 | |||
| 60% up to 75% LTV | 10 | 0.30 | N/A | N/A |
| 15 | 0.30 | |||
| 20 | 0.30 | |||
| 25 | 0.30 | |||
| 30 | 0.30 | |||
| 60% up to 80% LTV | 10 | 0.71 | 0.62 | 0.30 |
| 15 | 0.97 | 0.86 | 0.30 | |
| 20 | 1.23 | 1.02 | 0.30 | |
| 25 | 1.35 | 1.10 | 0.30 | |
| 30 | 1.46 | 1.23 | 0.30 | |
| 60% up to 85% LTV | 10 | 1.20 | 0.89 | 0.59 |
| 15 | 1.55 | 1.12 | 0.59 | |
| 20 | 1.85 | 1.25 | 0.59 | |
| 25 | 2.05 | 1.43 | 0.59 | |
| 30 | 2.13 | 1.56 | 0.59 | |
| 60% up to 90% LTV | 10 | 1.79 | 1.20 | 0.87 |
| 15 | 2.23 | 1.55 | 0.87 | |
| 20 | 2.65 | 1.81 | 0.87 | |
| 25 | 2.92 | 2.01 | 0.87 | |
| 30 | 3.10 | 2.28 | 0.87 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For non first-time homebuyer and applicants having outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 60% up to 65% LTV | 10 | 0.15 | N/A | N/A |
| 15 | 0.15 | |||
| 20 | 0.15 | |||
| 25 | 0.15 | |||
| 30 | 0.15 | |||
| 60% up to 70% LTV | 10 | 0.30 | N/A | N/A |
| 15 | 0.30 | |||
| 20 | 0.30 | |||
| 25 | 0.30 | |||
| 30 | 0.30 | |||
| 60% up to 75% LTV | 10 | 0.45 | N/A | N/A |
| 15 | 0.45 | |||
| 20 | 0.45 | |||
| 25 | 0.45 | |||
| 30 | 0.45 | |||
| 60% up to 80% LTV | 10 | 0.86 | 0.67 | 0.32 |
| 15 | 1.12 | 0.91 | 0.32 | |
| 20 | 1.38 | 1.07 | 0.32 | |
| 25 | 1.50 | 1.15 | 0.32 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 60% up to 70% LTV | 10 | 0.30 | N/A | N/A |
| 15 | 0.30 | |||
| 20 | 0.30 | |||
| 25 | 0.30 | |||
| 30 | 0.30 | |||
| 60% up to 75% LTV | 10 | 0.45 | N/A | N/A |
| 15 | 0.45 | |||
| 20 | 0.45 | |||
| 25 | 0.45 | |||
| 30 | 0.45 | |||
| 60% up to 80% LTV | 10 | 0.86 | 0.67 | 0.32 |
| 15 | 1.12 | 0.91 | 0.32 | |
| 20 | 1.38 | 1.07 | 0.32 | |
| 25 | 1.50 | 1.15 | 0.32 | |
| 30 | 1.61 | 1.28 | 0.32 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
(For applicants having outstanding mortgages)
Insurance coverage according to Loan-to-value Ratio (LTV) | Loan Tenor (Years) | Single Premium Payment | Annual Premium Payment | |
|---|---|---|---|---|
| First Year
(% of the Original Principal Balance) | Renewal
(% of the Original Principal Balance) | |||
| 50% up to 60% LTV | 10 | 0.30 | N/A | N/A |
| 15 | 0.30 | |||
| 20 | 0.30 | |||
| 25 | 0.30 | |||
| 30 | 0.30 | |||
| 50% up to 65% LTV | 10 | 0.45 | N/A | N/A |
| 15 | 0.45 | |||
| 20 | 0.45 | |||
| 25 | 0.45 | |||
| 30 | 0.45 | |||
| 50% up to 70% LTV | 10 | 0.60 | N/A | N/A |
| 15 | 0.60 | |||
| 20 | 0.60 | |||
| 25 | 0.60 | |||
| 30 | 0.60 | |||
| 50% up to 75% LTV | 10 | 0.75 | N/A | N/A |
| 15 | 0.75 | |||
| 20 | 0.75 | |||
| 25 | 0.75 | |||
| 30 | 0.75 | |||
| 50% up to 80% LTV | 10 | 0.90 | 0.69 | 0.33 |
| 15 | 1.25 | 1.01 | 0.33 | |
| 20 | 1.53 | 1.18 | 0.33 | |
| 25 | 1.70 | 1.31 | 0.33 | |
| 30 | 1.83 | 1.46 | 0.33 | |
## The lower of (a) the appraised value of the Property and (b) the purchase price of the Property as stated in the sale and purchase agreement (less the amount of any incentive). (b) is not applicable to refinancing loans.
** This table is not applicable to mortgage loans (i) from secondary market transactions with provisional sale and purchase agreement signed on or after 28 February 2024 and (ii) from primary market transactions, irrespective of the date of the provisional sale and purchase agreement.
The above example is for reference only.
The Bank reserves the right of final decision should any dispute arise. Please contact our branch staff for details.
Mortgage loan exceeding 80% LTV ratio under Mortgage Insurance Programme is only applicable to regular salaried first time homebuyers (not holding any properties at the time of application) with debt-to-income ratio up to 50% and subject to relevant guidelines and final approval.
