What is the mortgage interest rate for the first home in Hong Kong?

1. What is the mortgage interest rate for the first home in Hong Kong?

There are generally two kinds of loans in Hong Kong, revolving loans and installment loans. Revolving loans need to be repaid in a short time, and the interest rate varies with the amount, which can be as low as 8%. Installment loans can generally achieve an interest rate of about 3%, but as far as I know, only you have Hong Kong identity, tax bill, bank account, income certificate and so on can you get a loan.

Second, the latest mortgage interest rate in Hong Kong.

5.625%。 According to the inquiry of Hong Kong banks, the interest rate of bank loans in China SAR remained unchanged at 17 in February 2023, and it was 5.625% at 16 in February 2023.

Third, the mortgage interest rate in Hong Kong.

The mortgage interest rate in Hong Kong is around 3%-8%. There are generally two kinds of loans in Hong Kong, revolving loans and installment loans. Revolving loans need to be repaid in a short time, and the interest rate varies with the amount, which can be as low as 8%. Installment loans can generally achieve an interest rate of about 3%, but only if you have Hong Kong identity, tax bill, bank account and income certificate can you get a loan. 1. What is a revolving loan? Revolving loan means that the customer mortgages the commercial house to the bank and can get a certain loan amount. During the mortgage period, customers can withdraw money by stages and recycle it. When the single payment does not exceed the available amount, the customer only needs to fill in the withdrawal application form without special re-approval. Generally 1 hour can withdraw cash, which is equivalent to having a safe and convenient mobile "vault" around him. Revolving loan, a common term in banking. 2. Advantages of revolving loan 1. Fast payment: once approved, it will be repaid with the loan within the validity period, and the handling bank of a single loan within the maximum amount has the right to be directly approved by the approver, which is fast and convenient. 2. Interest rate concessions: short-term loans, long-term loans, short-term interest rates and loans within the revolving line can be realized because of the cycle. For consumer purposes such as decoration, it can be lowered by up to 10% on the basis of the benchmark interest rate. 3. Long credit period: the credit period can be up to five years, and you can continue to apply after the expiration. 4. Long term of a single loan: the longest maturity date of a single loan can reach 30 years. Three. Classification of installment loans According to the specific repayment methods, installment loans can be divided into full installment and partial installment. 1. Full installment repayment means to pay the principal and interest of the loan regularly according to a certain amount, instead of paying the principal and interest in one lump sum on the maturity date; It can make the lender reduce the risk caused by the borrower's inability to repay the loan at maturity. Two, the partial installment repayment method refers to the equal installment repayment of part of the loan, the rest of the loan installment payment, one-time payment.

4. What is the mortgage interest rate for the first home in Hong Kong?

There are two mortgage schemes in Hong Kong:

One plan is Plan P, which is the best annual interest rate of Hong Kong dollar stipulated by the Hong Kong Monetary Authority. P has remained stable for a period of time, and is currently maintained at 5.25%.

The so-called plan P is a plan based on the best annual interest rate of Hong Kong dollars.

Banks in Hong Kong can implement their own Plan P. At present, the P plan launched by banks is generally between P-3% and P-3.25%, that is, the real interest rate of loans is 2.0%-2.25%.

Another plan is Hibor plan, which is the inter-bank interest rate, which changes every day. Take today as an example, the Hibor is about 0.07%. The so-called Hibor plan is a plan based on Hibor.

At present, the general Hibor0.7% plan in Hong Kong is about 0.7%, and the real interest rate is 0.77%.

Take the loan of 3 million as an example. If you choose Hibor plan, the loan will last for 20 years, and the monthly repayment will be less than 14000 yuan, of which only 2500 yuan is interest and the rest is principal repayment.

It sounds a little incredible. Mainly affected by the financial tsunami, banks avoided high-risk business and began to pay attention to the low-risk business of housing mortgage loan, with increasingly fierce competition and more favorable conditions.

In addition, P and Hibor will remain at a low level for a year or two, and the interest expense is almost negligible. Therefore, at this stage, if it is assumed that house prices will not rise or fall, buying a house is far more cost-effective than renting a house.