The Bank of East Asia

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Bridging Loan

Key Facts Statement/Schedule of Fees and Charges


Special Features

  • A short term loan from existing property for settling the down payment of the new property
  • During the Bridging Loan period, only interest repayments are required3
  • Loan tenor up to 6 months4, allow flexibility for customers selling existing property



Terms & Conditions


The value of the property is the selling price (for existing property)/ purchase price (for new purchased property) or valuation, whichever is lower.


Subject to the prevailing guidelines issued by the Hong Kong Monetary Authority


The interest of the Bridging Loan is calculated on a daily basis. Interest shall be repaid monthly during the loan tenor; the principal and unpaid interest shall be repaid in full upon the loan maturity date. The monthly interest payment day of the Bridging Loan is based on the completion date of the sale of the existing property. If the drawdown date of the Bridging Loan and the completion date of the existing property are not on the same date, the 1st interest payment due date may be less than 1 month after Bridging Loan drawdown. Customer should ensure there is sufficient fund in the designated account for the payment.


The maximum loan tenor for Bridging Loan is up to 6 months; or expires on the completion date of sale of the existing property, whichever is earlier.


The existing property must be mortgaged with BEA and the new property also to be mortgaged with BEA. If existing property is not mortgaged with BEA, the mortgage of the existing property must be transferred to BEA before the agreement of Sale and Purchase for the sale of existing property was signed and all charges incurred are to be borne by the customers. The mortgages of the existing and new property must be “All Monies Legal Charges”.


The Bridging Loan only applies to residential properties (not applicable to Mortgage Insurance Programme, Government Housing Scheme Mortgage Loans, Premium Loan Insurance Scheme, Reverse Mortgage Programme, Pan Asian SuperFirst Mortgage Program and any mortgage with further/second charge or second mortgage).


The Bridging Loan is applicable to mortgage application by person or company. If the applicant is a person, the mortgage applicant(s) must be the owner(s) of both existing property and new property; if the applicant is a shell company, the mortgage applicant must be the owner of both existing property and new property and at least one of the mortgage guarantors of both existing property and new property must be the same.


 The above information is for reference only. All applications are subject to BEA's credit requirements and final approval. BEA reserves the sole right to vary or cancel  the above offers and/or amend or alter the related terms and conditions at any time without prior notice.

To borrow or not borrow? Borrow only if you can repay!
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