| NORMAL BANK MORTGAGE |
| RESIDENTIAL PROPERTIES |
1st Property |
Valuation of Properties (HK$) |
Maximum Loan To Value Ratio |
| Applicants' income mainly derived in HK |
Applicants' income mainly derived from outside HK |
Applicants using Net-Worth-based |
| Below $7M |
60％ (Max Loan capital of HK$4.2M) |
50％ (Max Loan capital of HK$3.5M) |
40% |
| Equal or above $7M but below 10M |
60％ (Max Loan capital of HK$5M) |
50％ (Max Loan capital of HK$4M) |
| Above $10M |
50% |
40% |
| 2nd Property |
Below $7M |
60％ (Max Loan capital of HK$4.2M) |
40％ (Max Loan capital of HK$2.8M) |
30% |
| Equal or above $7M but below 10M |
60％ (Max Loan capital of HK$5M) |
40％ (Max Loan capital of HK$3M) |
| Above $10M |
50% |
30% |
| NON-RESIDENTIAL PROPERTIES & PROPERTIE HELD BY COMPANIES |
1st Property |
50% |
40% |
40% |
| 2nd Property |
30% |
30% |
| SHOP & INDUSTRIAL PROPERTIES |
Maximum Loan to Value Ratio is 40% |
| CAR PARK |
Maximum Loan to Value Ratio is 40% and Maximum Repayment period is 15 years |
* First time homebuyers or someone DO NOT own any property Q the applicable base-Debt-Serving-Ratio limits will be from 10% to 50%
* Applicant owned more than ONE outstanding property under mortgage loan at the time of mortgage loan application Q the applicable base-Debt-Serving-Ratio limits will be from 10% to 40%.
|
| MORTGAGE INSURANCE PLAN (coverage for eligible properties
will start from 60% Loan to Value |
Property value up to HK$6M
(only secured on COMPLETED PRIVATE RESIDENTIAL PROPERTIES or PROPERTIES UNDER CONSTRUCTION) |
| Valuation of Properties (HK$) |
Maximum Loan To Value Ratio |
Maximum Maturity |
Maximum Sum of Original/Remaining Maturity + Age of Property |
| Below or Equivalent to HK$4M |
90% |
30 years |
75 years |
| Between HK$4M toHK$4.5M |
80% to 90% (Maximum Loan Capital of HK$3.6M) |
| Equal or Above HK$4.5M to HK$6M |
80% (Maximum Loan Capital of HK$4.8M) |
Property value up to HK$10M
(only secured on COMPLETED PRIVATE RESIDENTIAL PROPERTIES) |
| Valuation of Properties (HK$) |
Maximum Loan To Value Ratio |
Maximum Maturity |
Maximum Sum of Original/Remaining Maturity + Age of Property |
| Above HK$4M up to and below HK$8M |
80% or 90%** |
30 years |
75 years |
| Above HK$8M up to and below HK$9M |
80% to 90%* (Maximum Loan Capital of HK$7.2M) |
| Above HK$9M up to HK$10M |
80% (Maximum Loan Capital of HK$8M) |
| In the table maked with * only applicable to application with : |
(i) all mortgagors not holding any residential properties in Hong Kong at the time of application AND
(ii) all applicants being regular salaried persons |
