Tracking interest trends

HIBOR based Mortgage

Hibor-based mortgage interest rate is calculated in the basis of Hibor rate (Hong Kong Interbank Offer Rate), which is generally calculated by one month Hibor and quoted as H + X%. This kind of product is much more fluctuated than Prime based products. As Hibor rate may rise considerably, most of the banks will set a cap rate based on Prime rate to lock up the risk of interest soar.

Hot- offer:

Interest rate as low as H+1.3%
Cap rate : P-2% (P=5.625%)
Cash rebate up to 0.5% of loan amount
Repayment Penalty Period as short as 2 years
Deposit linked account