1
專人跟進
Mortgage Calculator
Mortgage
Personal Loan
Credit Card
Products
$
%
years
More options

Property type

Mortgage options

Mortgage options

Products
$

Loan type

$

Providers

Products
$

Card type

Providers

Products

Minimum Monthly Salary

Minimum Relationship Balance

Providers

Basic Mortgage
Mortgage Calculator
Property price
$
Loan-to-value ratio (LTV)
%
Or
%
years

Tax

Property details
Valuation
Property type
If this website fails to provide the property valuation you need, please select "Other" to manually enter the property address.
Mortgage Process
Verbal valuation and pre-approval
To avoid the problem of undervaluation, you should do a verbal valuation and pre-approval by mReferral or bank before signing the contract.
Mortgage Process
Sign the Provisional Agreement for Sale and Purchase
To avoid the problem of undervaluation, you should do a verbal valuation and pre-approval by mReferral or bank before signing the contract.
Mortgage Process
Seek advice from mReferral
Apply for a mortgage loan from at least three banks. If you want to apply in one go, mReferral would definitely help.
Mortgage Process
Submit documents
Provisional Agreement for Sale and Purchase, copy of ID card of borrower and guarantor (if any), income proof, e.g. employment contract/latest salary slip, bank book/statements showing salary income or latest tax demand note
Mortgage Process
Bank approves mortgage application
It usually takes a week to a month for the bank to approve a mortgage. Compare and choose the bank with the most suitable terms, and sign the letter of loan offer with bank. The bank will send a letter to your law firm to inform the lawyer to prepare the mortgage deed.
Mortgage Process
Sign documents at law firm
Before the transaction day, the buyer and the guarantor (if any) go to the law firm to sign the mortgage deed and other documents required by the bank.
Mortgage Process
Complete transaction
The law firm informs the bank that the bank will deliver the loan to the law firm to arrange delivery to the seller, and the transaction is completed. After the transaction is completed, the bank will issue a cash rebate for the mortgage within one month. In addition, a repayment process table will be sent to inform customers of the detailed information of the principal, interest and balance of the monthly payment.
Property valuation
Blog
All
Mortgage

No search result

Link is copied!
Mortgage

Deposit-Linked Mortgage Plan

2022.04.14

If you need to apply for a mortgage, while you have extra funds and would like to earn for a better interest rate, you can consider applying for the mortgage plan with a deposit-linked mortgage feature to enjoy a preferential interest rate.

 

Advantages of deposit-linked mortgage

When adopting a deposit-linked mortgage plan, the borrower can enjoy a preferential interest rate which is the same as the mortgage interest rate for savings deposit balance up to 50% of the outstanding principal loan amount. 

 

For example, if the outstanding loan is $4,000,000, his saving deposit amount with high interest rate can be up to $2,000,000. The interests are accrued on a daily basis and the cash can be withdrawn at any time so that they can manage their wealth easily. 


Some banks can offer more than one saving account for the high interest rate, his family members can also enjoy the high interest privileges.

 

 

Example of receiving higher interests

David applied for a mortgage with a loan amount of $3,000,000, loan tenor of 25 years and interest rate of 2.15%. He has a monthly savings of $5,000 and wants to put it in a savings account. 

 

If the interest rate of a general savings account is only 0.01%, the total return is only $1,883. As the mortgage expense is $880,514, the net interest expense is $878,631. However, if he uses a deposit-linked mortgage plan, the total savings return will be up to $232,473 and the net interest expense is only $648,041. More interest expenses can be saved in this way. 

 

 

Features of deposit-linked mortgage plan

Deposit-linked mortgage features can be found in HIBOR mortgage plan, Prime-rated mortgage plan or fixed rate mortgage plan, with high cash rebate and attractive interest rate.

 

The minimum loan amount is normally over $4,000,000. Apart from the HKD mortgage-linked loan scheme, some banks can offer RMB/HKD mortgage-linked loan scheme.

 

Deposit-linked mortgage plans can be applied for most of the residential properties, including first-hand and second-hand private residential properties, Subsidized Home Ownership Pilot Scheme and White Form Secondary Market Scheme. However, this feature cannot be adopted in the mortgage of industrial, commercial properties and carparks.

 

The deposit under deposit-linked mortgage is qualified for protection under the Deposit Protection Scheme up to a limit of $500,000 per depositor. Deposit-linked mortgage feature has no arrangement fee and annual fee so that you do not need to worry about any additional charge.

 

How to apply for a deposit-linked mortgage?

Not all mortgage plans have deposit-linked mortgage features. You may visit our mReferral mortgage comparison page to choose a plan with the best offer. You may also consult our mReferral sales team directly for more information.

 

 

If you want to learn more information about mortgage or need help from our mReferral mortgage team, please feel free to reach us at 3196-6688.

重要提示
確認