Mortgage plans

• Loan amount of up to 70% of property value
• Loan tenor of up to 30 years
• Prime-based or HIBOR-based Mortgage Plan
• For Prime-based Mortgage Plan
  • Mortgage interest rate is based on BEA’s HKD Best Lending Rate
• For HIBOR-based Mortgage Plan
  • Mortgage interest rate is based on Hong Kong Interbank Offered Rate ("HIBOR")¹
  • On the loan drawdown date and every renewal date, the mortgage interest rate for the next interest period will be the lower of (i) the interest rate cap or (ii) the applicable HIBOR²-based interest rate

Remark:

1. HIBOR is the interest rate on lending and borrowing between banks in the Hong Kong interbank market.
2. Based on the HKD Interest Settlement Rates published daily after 11 a.m. (Hong Kong time) by the Hong Kong Association of Banks.

• Mortgage Insurance Programme¹ - Provided jointly by BEA and The Hong Kong Mortgage Corporation Limited
• Loan amount of up to 90%² of property value
• Loan tenor of up to 30 years
• Applies to owner-occupied residential properties under the customer's personal name
• Mortgage Insurance Programme Premium Rate³ Table

Remark:

1. Mortgage 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 programme, including the loan ratio, maximum loan amount, and loan tenor are subject to the announcement and final approval of the HKMCI. For details, please contact a BEA representative.
2. Must comply with the terms and conditions of the Mortgage Insurance Programme.
3. Insurance premiums should be paid by the borrowers. The insurance premium fee is subject to the loan ratio, loan tenor, and premium repayment method. The insurance premium can be integrated into the loan amount.

• Loan tenor of up to 30 years
• Waiver of the early prepayment fee
• 'Home Ownership Scheme' Mortgage Plan
  • Loan amount of up to 90% of property price for White Form applicants, loan amount of up to 95% of property price for Green Form applicants
• 'Tenants Purchase Scheme' Mortgage Plan
  • Loan amount of up to 100% (Excluding the deposit paid to the Hong Kong Housing Authority) of property price

• Apply^* if you’re aged 55 or above and own a residential property in Hong Kong that held in your own name or a limited company, incorporated in Hong Kong (wholly and directly held by the borrower)
• Remain as the property owner and can continue to live in the property for the rest of life.
• Choose to receive monthly payouts over a fixed payment term, or for life
• Borrow lump-sum loan(s) for specific purposes when needed
• Reverse Mortgage Calculator



The website auxiliary function is being optimized. If you encounter difficulties in using it, please call 36088686 and we will provide appropriate assistance.




*Mortgage loans will only be offered to customers who meet the eligibility criteria for the Reverse Mortgage Programme set out by HKMC Insurance Limited (“HKMCI”) from time to time. The relevant terms and conditions are subject to the announcement and final approval of the HKMCI. For details, please contact a BEA representative.

• 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
  

  Loan Amount

  Max Loan Amount: (a) Up to 60%* of the property value** of the existing property minus outstanding mortgage loan balance; OR (b) Total down payment of the new property minus the initial deposit paid (whichever is lower) PLUS Outstanding mortgage loan balance of the existing property *In comply to the prevailing guidelines issued by HKMA **The selling price (Applicable to existing property) or The purchase price (Applicable to the new property) or valuation (whichever is lower)

  Minimum Loan Amount

  HK$500,000

• Terms & Conditions

Remark:

1. The value of the property is the selling price (for existing property)/ purchase price (for new purchased property) or valuation, whichever is lower.
2. Subject to the prevailing guidelines issued by the Hong Kong Monetary Authority
3. 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.
4. 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
5. 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”.
6. 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).
7. 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.

• Cover properties located in Shenzhen, Guangzhou, Foshan, Zhuhai, Dongguan, Zhongshan, Jiangmen, Huizhou, Zhaoqing, Beijing and Shanghai
• Applicable to completion of purchase in the primary market¹ (legal mortgage and equitable mortgage) and cash-out refinance²
• Loan amount in HKD can be up to 60% of the property value (subject to a maximum loan amount of HK$10 millions)
• Loan tenor of up to 30 years
• Eligible for Hong Kong residents with Hong Kong Identity Card and Mainland Travel Permit for Hong Kong and Macau Residents
• Mortgage documents handled by the Bank’s designated Hong Kong and Mainland law firms
• Required Documents
  • Cross-Boundary Mortgage Loan Application Form
  • Hong Kong Identity Card and Mainland Travel Permit for Hong Kong and Macau Residents
  • Proof of income (latest 3 months’ salary deposit records, latest Tax Demand Note or employment contract)
  • Proof of address (latest 3 months’ bank statement or water/electricity bill)
  • Property Sales Contract and Down Payment Invoice (first-hand residential properties)
  • Premises Permit (cash-out refinance)
  • Proof of marital status (Marriage certificate / Certificate of absence of marriage record / Letter of marriage record)

Notes:

1. For first-hand property of Cross-boundary Mortgage Loan, the applicant must setup a “Global Access Account” of The Bank of East Asia (China) Limited before loan drawdown for fund transfer to the property developer in China. (Please refer to below for details on “Global Access Account” and Bank of East Asia (China) Limited.)
2. For Cross-boundary Mortgage Loan, all the loan amount cannot be used in the PRC for investment and buying other property purposes (including but not limited to stocks under Shenzhen Stock Connect & Shanghai Stock Connect).
3. For Cross-boundary Mortgage Loan, all the loan amount must be used to settle the purchase price of the first set of the property purchased by the borrower/mortgagor for self-occupancy in the PRC.
4. The Mortgage /Borrower’s mortgage property is situated at PRC and the mortgage arrangement is subject to the laws of PRC. Mortgage /Borrower shall comply with all laws and regulations in relation to the mortgage property and responsible for all fees and charges being incurred in relation to the mortgage property and the mortgage arrangement under this application.
5. The above information is for reference only. All applications are subject to the Bank's final approval and the Facility Letter of mortgage loan. The Bank reserves the sole right to vary or cancel the above information and/or amend the related terms and conditions at any time without prior notice.

Disclaimer for "Global Access Account":

• "Global Access Account" is a Mainland Personal Type I Bank Account Services, which is provided by The Bank of East Asia (China) Limited.
• The Bank of East Asia (China) Limited ("BEA China"), a wholly-owned subsidiary bank of The Bank of East Asia, Limited (“BEA Hong Kong”), is incorporated in the People’s Republic of China and is not an authorized institution under the Hong Kong Banking Ordinance. BEA China is not subject to the supervision of the Hong Kong Monetary Authority and cannot carry on any banking business or business of taking deposits in Hong Kong.
• BEA China cannot carry on any business or business of taking deposits in Hong Kong. BEA China customer’s eligible deposits in the abovementioned account held with BEA China (including saving deposit, time deposit and callable deposit) will be under the coverage of Mainland Deposit Insurance Regulation, and will not be protected deposit under the Deposit Protection Scheme in Hong Kong.
• BEA Hong Kong is not involved in any decision-making in relation to the account opening application. The application will only be concluded by acceptance of the account opening by BEA China.

About The Bank of East Asia (China) Limited:

• Headquartered in Shanghai, The Bank of East Asia (China) Limited ("BEA China") was one of the first foreign banks approved by regulators to locally incorporated in Chinese Mainland, with net assets of RMB21.5 billion as at 31st December 2022. Leveraging its deep insights into the Mainland market as well as BEA (HK) Head Office's years of banking expertise in Hong Kong and overseas, BEA China offers a wide range of financial services to customers. For more information, please visit www.hkbea.com.cn.

• BEA supports the measures announced by the HKMA that offers assistance to home buyers who purchased uncompleted residential properties during the peak of the property market using stage payment plans. Subject to requirement of the standard credit approval process, the mortgages offered by the Bank can be up to 80% of the valuation of the properties, and the maximum debt servicing ratio will be increased to 60% for eligible applicants. For more detailed terms and condition, please contact 3608 8686.

• Applicable to offices, shops, or industrial properties for self use or rental purposes
• Loan amount of up to 50%
• Loan tenor of up to 20 years