Mortgage Insurance Programme
Preferential mortgage interest rate, option to choose Prime Based Mortgage Plan or HIBOR Based Mortgage Plan
Cash rebate offer
Mortgage loan tenor of up to 30 years
Insurance premium3 can be integrated into the loan amount
1Mortgage Insurance Programme (MIP) is operated by HKMC Insurance Limited (HKMCI) which is a wholly owned subsidiary of The Hong Kong Mortgage Corporation Limited. Mortgage loans will only be offered to borrowers who meet the eligibility criteria for the MIP. The terms and conditions of the relevant programme, including the loan ratio, maximum loan amount, and loan tenor are subject to the announcement and final approval of HKMCI.
2The mortgage loan amount is capped at 90% of the property purchase price or property valuation (whichever is lower). Borrowers must comply with the terms and conditions of MIP.
3Insurance premiums should be paid by the borrowers. The insurance premium fee is determined subject to various factors, including the loan ratio, loan tenor and premium repayment method.