Flexible Repayment Option
Flexible repayment frequency
  • Monthly Repayment: Conventional monthly repayment
  • Fortnightly Repayment(1): make repayment every two weeks so the principal will be repaid more quickly in order to save interest payment
Monthly vs Fortnightly Repayment Mr Chan wishes to repay the mortgage loan with less interest expense and shorter repayment period.
Loan amount: HK$2,500,000 Repayment period: 30 years. Current interest rate: 2.5% per annum

Repayment Method , Monthly , 
Repayment Amount , HK$9,878/month , 
Loan Period , 30 years , 
Total Interest Payable , HK$1,056,088

Repayment Method , Fortnightly ,
Repayment Amount , HK$4,939/2 weeks ,
Loan Period , 26.7 years , 
Total Interest Payable , HK$927,259

SAVE 3.3 years HK$128,829

(1) Not applicable to HIBOR Mortgage plan.

Useful Tools

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