Flexi-Mortgage Plan

Build your home with high
interest returns

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.

Attractive Interest Returns

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)

Flexibility on Cash Management
  • 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
Comparison of Flexi-Mortgage Plan and Conventional Mortgage Plan
Example (for reference only)

Example 1 Example 2
Loan Amount HK$3,000,000 HK$3,000,000
Tenor 30 years 30 years
Monthly Saving HK$5,000 HK$5,000
Initial Lump Sum Saving HK$0 HK$200,000

Throughout the loan tenor, you can earn attractive interest returns on your Flexi-Mortgage Deposit Account.
Example 1 Example 2
Flexi-Mortgage
Plan
Conventional
Mortgage Plan
Flexi-Mortgage
Plan
Conventional
Mortgage Plan
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
Flexi-Mortgage Plan
HK$420,775
(Approx. 28%)
-- HK$502,599
(Approx. 33%)
--

The above-mentioned loan terms and interest rate are for your reference only. Actual approved results are subject to relevant terms and conditions.
Flexible Repayment Methods
Straight line repayment method

You can maintain a fixed repayment amount throughout the whole repayment period with a stable control of your financial management.

Step-up repayment method

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.

eMortgage 24-hour
Simple, easy and convenient
Reminder: “To borrow or not to borrow? Borrow only if you can repay!”
Ways to Apply
OCBC Wing Hang branch
Visit any of our branches
Call
Call our hotline
2921 6682
Mortgage manager will help you
Make an appointment
Remarks
  1. The bonus savings interest rate is only applicable to the designated savings account under the Flexi-Mortgage Plan. Such designated savings account cannot be changed after an application is submitted. The bonus savings interest rate for the designated savings account under the Flexi-Mortgage Plan will be the rate equivalent to the mortgage interest rate of the relevant mortgage with the Bank minus the regular savings interest rate (if any) of the designated savings account. The bonus savings interest will be calculated based on the daily credit balance of the designated savings account up to 50% of the outstanding principal balance of the mortgage loan at the end of a business day. Any deposit amount of the daily credit balance exceeding the aforesaid limit will only enjoy the regular savings interest rate (if any), subject to the terms and conditions of the Bank’s Terms & Conditions for all OCBC Wing Hang Bank Accounts and Related Services (as may be revised from time to time at the Bank’s sole and absolute discretion). The Bank may at its absolute discretion revise the bonus savings interest rate and the aforesaid limit at any time and from time to time without prior notice.
  2. The bonus savings interest (if any) shall be credited to the designated savings account monthly. The regular savings interest (if any) will be credited to the designated savings account in accordance with and subject to the terms and conditions of the Bank's Terms & Conditions for all Accounts and Related Services (as may be revised from time to time at the Bank's sole and absolute discretion).
  3. The mortgage facility under the Flexi-Mortgage Plan must be repaid in HKD. The monthly installment repayment of mortgage loan must be debited from the designated savings account under Flexi-Mortgage Plan. Bi-weekly repayment method is not applicable to Flexi-Mortgage Plan.
  4. The home financing mortgage package and the exclusive privileges are subject to the relevant terms and conditions. Please contact the Bank staff for details.
  5. Customers will be required to successfully apply for the "Mortgage Insurance Program" of HKMC for application with loan amount over 60% of the appraised value of the property. Only individual customers will be eligible to apply. Customers will be required to pay mortgage insurance premium. Please contact the Bank staff for details.
  6. Only individuals/shell companies are eligible to apply for Flexi-Mortgage Plan.
  7. Handling fee is required for existing mortgage customers of the Bank who apply for switching to the Flexi-Mortgage Plan.
  8. No bonus savings interest rate will be payable upon default of any mortgage loan repayment or any other sum payable to the Bank, or any other breach of any terms and conditions in the mortgage loan documentation, account documentation and/or other relevant documents, or the closure or suspension of the designated savings account and/or any other relevant account(s); or upon full repayment of the mortgage loan to the Bank.
  9. The Bank reserves the right to approve or reject any application at its sole and absolute discretion.
  10. The Bank may, without prior notice, revise, amend or modify the Flexi-Mortgage Plan (including without limitation the bonus savings interest rate or its calculation), the home financing mortgage package, the exclusive privileges and the respective applicable terms and conditions from time to time and/or suspend, cancel or terminate the Flexi-Mortgage Plan, the home financing mortgage package and the exclusive privileges at any time without giving any reason. The Bank’s determination shall be final and conclusive in case of any disputes.
  11. The above information is for reference only. The above mentioned Flexi-Mortgage Plan, home financing mortgage package and privileges, and deposit products and other related services and products are subject to the final Terms and Conditions of the Flexi-Mortgage Plan, terms and conditions of the relevant account opening documentation, terms and conditions governing the relevant products and services and all other relevant documents.
  12. In case of any discrepancies between the Chinese and English versions of these Remarks, the English version shall prevail.
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