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Property Refinancing
Property Refinancing brings you financial flexibility

You can obtain more liquidity and financial flexibility from property refinancing in Hang Seng that allowing you to grasp market opportunities and meet your different financial needs (such as Children’s study abroad funds, Debt settlement… etc) whether your property is mortgaged or not.

Below is a case sharing of Refinancing (For reference only)
  • The maximum cash out amount is the maximum loan amount minus the outstanding mortgage loan balance. If the loan-to-value ratio is 60% for the refinancing, the maximum loan amount is HKD3,300,000 (Current property value (The value of the property is the market price or valuation, whichever is lower) X 60%). The maximum loan-to-value ratio for self-use residential properties with value below HKD10,000,000 is 60% but cap at HKD5,000,000. The mortgage loan terms and loan amount are subject to Hong Kong Monetary Authority’s new guidelines for property mortgage loans and final approval of Hang Seng Bank Limited (“Hang Seng”).
  • Prime rate plan is applied to above example. The mortgage interest rate is Hang Seng’s HKD Prime Rate(P) minus 2.85%p.a..P is HKD Prime Rate and subject to the latest announcement of Hang Seng’s HKD Prime Rate. As at 1 Jan 2016, Hang Seng’s HKD Prime Rate is 5.00%p.a..
Flexible Repayment Option

Other than the monthly fixed instalment repayment option, you can also choose other repayment plans which suit your financial needs.

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