What is the maximum property value for the MIP loan?
The maximum property value for the MIP loan is HK$10 million for
completed residential properties and HK$6 million for properties under
What is the maximum tenor for the MIP loan?
The maximum tenor for the MIP loan is 30 years.
|Mortgage Insurance Programme|
|Mortgage Type||New mortgage for primary market properties (completed or under construction*) and secondary market properties, refinancing and cash-out refinancing|
|Maximum Property Value||HK$10,000,000|
|Property Type||Regular property types and village-type houses#|
|Maximum Loan Tenor||30 years|
|Eligibility||Personal Customers and Self-use residential properties|
|Premium (can be financed with the mortgage loan in one lump sum)||A mortgage insurance premium is required|
|Cash-Out Refinancing||Loan-to-value ratio up to 80%, cap at HK$4,800,000|
#A loan-to-value ratio of up to 80% can be offered for selected village-type houses.
The above information is for reference only. Final approval is subject to the decision of the Hong Kong Mortgage Corporation Limited.
For details, please contact our Mortgage Consultant.
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