OCBC Wing Hang's Flexi-Mortgage Plan ("Flexi-Mortgage Plan") provides you with mortgage facility as well as a high-yield HKD Flexi-Mortgage Deposit Account with the deposit interest rate same as the mortgage interest rate. It allows you to enjoy higher interest returns to help relieve your financial burden on the mortgage interest expense and maintain your liquidity to meet your financial needs.
Deposit interest rate of the designated Flexi-Mortgage Deposit Account is the same as the mortgage interest rate. Customers can enjoy a bonus savings interest rate^ on the Flexi-Mortgage Deposit Account’s deposit credit balance up to 50% of the outstanding principal amount of your mortgage loan with us. Simply deposit or transfer your savings into the Flexi-Mortgage Deposit Account to enjoy attractive interest returns.
^Bonus interest rate of the designated savings account = Mortgage interest rate – regular savings interest rate (if any)
- To meet your financial needs, you can withdraw from or deposit directly into your Flexi-Mortgage Deposit Account whenever you want, whilst enjoying the convenience and flexibility of personal financial management, via Personal eBanking services (including Internet, mobile application, phone and ATM)
- Interest returns and transaction records are shown in the Flexi-Mortgage Deposit Account of the Integrated Account
|Example 1||Example 2|
|Tenor||30 years||30 years|
|Initial Lump Sum Saving||HK$0||HK$200,000|
|Example 1||Example 2|
|Mortgage Loan Interest Rate p.a.||3.000%||3.000%||3.000%||3.000%|
|Savings Deposit Interest Rate p.a.||3.000%||0.125%||3.000%||0.125%|
|Mortgage Interest Payment (a)||HK$1,553,324||HK$1,553,324||HK$1,553,324||HK$1,553,324|
|Saving Interest Returns (b)||HK$455,045||HK$34,270||HK$544,511||HK$41,912|
|Net Interest Expenses (a-b)||HK$1,098,279||HK$1,519,054||HK$1,008,813||HK$1,511,412|
|Interest Saving under
You can maintain a fixed repayment amount throughout the whole repayment period with a stable control of your financial management.
You can increase the repayment amount annually at a fixed step-up rate during the repayment period which allows you to shorten your loan period and hence save interest expense.
Note: Availability of the above flexi-payment options will be subject to different mortgage plans. Please contact our Customer Service Representative at any branches of OCBC Wing Hang for details.