MIP table
Mortgage Insurance Premium Rate Table (Including completed residential properties and
properties under construction)


Mortgage TypeLoan-to-value Ratio
Loan Tenor
 Single Premium Payment
(% of the Original Principal Balance)
Annual Premium Payment
(LTV)
(Years)
First Year
(% of the
Original
Principal
Balance) 
Renewal
(% of the
Original
Principal
Balance)
Floating RateAbove 60%
and up to 80%
10
1.15
0.58
0.28
15
1.50
0.79
0.28
20
1.85
0.93
0.28
25
2.00
1.00
0.28
30
2.15
1.11
0.28
Above 60%
and up to 85%
10
1.80
0.82
0.53
15
2.28
1.02
0.53
20
2.68
1.13
0.53
25
2.95
1.29
0.53
30
3.05
1.40
0.53
Above 60%
and up to 90%
10
2.60
1.09
0.77
15
3.18
1.39
0.77
20
3.75
1.62
0.77
25
4.10
1.79
0.77
30
4.35
2.03
0.77
For reference only. Source: The Hong Kong Mortgage Corporation Limited, HKMC. Updated on 27/2/2015
Please refer to the Insurance Eligibility Criteria for property value up to HK$6 million




Mortgage Insurance Premium Rate Table (Applicable to completed residential properties only)

Mortgage TypeLoan-to-value Ratio
Loan Tenor
 Single Premium Payment
(% of the Original Principal Balance)
Annual Premium Payment
(LTV)
(Years)
First Year
(% of the
Original
Principal
Balance) 
Renewal
(% of the
Original
Principal
Balance)
Floating RateAbove 60%
and up to 80%
10
1.32
0.67
0.32
15
1.73
0.91
0.32
20
2.13
1.07
0.32
25
2.30
1.15
0.32
30
2.47
1.28
0.32
Above 60%
and up to 85%
10
2.07
0.94
0.61
15
2.62
1.17
0.61
20
3.08
1.30
0.61
25
3.39
1.48
0.61
30
3.51
1.61
0.61
Above 65%
and up to 90%
10
2.99
1.25
0.89
15
3.66
1.60
0.89
20
4.31
1.86
0.89
25
4.72
2.06
0.89
30
5.00
2.33
0.89
For reference only. Source: The Hong Kong Mortgage Corporation Limited, HKMC. Updated on 16/10/2019
Please refer to the Insurance Eligibility Criteria for property value up to HK$10 million

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