Tracking interest trends
HIBOR based Mortgage
Hibor-based mortgage interest rate is calculated in the basis of Hibor rate (Hong Kong Interbank Offer Rate), which is generally calculated by one month Hibor and quoted as H + X%. This kind of product is much more fluctuated than Prime based products. As Hibor rate may rise considerably, most of the banks will set a cap rate based on Prime rate to lock up the risk of interest soar.
- Interest rate as low as H+1.235%
- Cap rate : P-3%
- Cash rebate up to 2.1% of loan amount
- Repayment Penalty Period as short as 2 years
- Deposit linked account