Borrow

Mortgages

Fixed Rate Mortgage Scheme

The Fixed Rate Mortgage Scheme introduced by The Hong Kong Mortgage Corporation Limited (HKMC) is now available for application through Shanghai Commercial Bank. By offering a choice of fixed interest rate period of 10, 15 and 20 years, the scheme aims to provide an alternative financing option to homebuyers for mitigating risks arising from interest rate volatility.

Key Features

The maximum loan amount of each residential mortgage is HK$10 million.
These mortgage loans can be with or without mortgage insurance under the Mortgage Insurance Programme.
Borrowers will not be required to meet the stress test against interest rate rise, but the current debt-to-income ratio will still be applicable.
At the end of the initial fixed-rate period, borrowers may either re-fix the mortgage rate at the then prevailing fixed interest rates or the applicable floating mortgage rate (For reference, the current floating mortgage rate is the Hong Kong Prime Rate minus 2.35% per annum.)

To find out more, please click here to visit the HKMC website or contact our branch staff or call our Customer Service Hotline at 2818 0282

Key Facts Statement

For details, please click here

Related Products

We also provide a selection of home-related insurance and fire insurance products. Please contact us for details.

Remarks:
The HKMC will determine the fixed interest rates and the Hong Kong Prime Rate from time to time The above information is for reference only. Shanghai Commercial Bank Limited ("the Bank") may at its absolute discretion approve or reject any loan application.
The Bank and the HKMC reserve the right to vary the above offers and/or amend the related terms and conditions at any time without prior notice.

Reminders about Responsible Borrowing

You should have a clear understanding of your financial condition, daily expenses, and actual borrowing needs.
You should have assessed your repayment ability and avoid over-borrowing.
You should repay any outstanding balance on time to avoid late payment charges and additional overdue interest charged by the bank.
To borrow or not to borrow? Borrow only if you can repay!

Shanghai Commercial Bank ("the Bank") only accepts banking service application referred by appointed third parties, which the appointed third parties do not charge fees on customers. In case you wish to enquire whether a third party is appointed by our Bank for referring credit card or loan application, please contact customer service hot line 2818 0282.