MONACO MARINE Mortgage Plan

MONACO MARINE Mortgage Plan :

	Special mortgage offers
Rate	As low as H+1.30% (cap2.50%) *With Deposite Linked
Net Rate (p.a)	As low as 1.49%*
Loan-to-Value Ratio	Up to 90%
Loan Tenor	30 years
Cash Rebate	Up to 1.5%

MONACO MARINE Vendor Payment Terms：

Payment Plan	Payment Details	Discount
A. 90-day Cash Payment Plan	Preliminary Deposit：5% Within 90 days after signing of the preliminary agreement：95%	5%
A1. 90-day 70% 5-year Easy First Mortgage Loan Payment Plan (Only applicable to a specified residential property marked with a “*” in this price list)	Preliminary Deposit：5% Within 90 days after signing of the preliminary agreement：95%	1.5%
B. Kai Tak Harbour First Home Buyer 120-day Cash Payment Plan	Preliminary Deposit：5% Within 120 days after signing of the preliminary agreement：95%	5%
B1. Kai Tak Harbour First Home Buyer 120-day 70% 5-year Easy First Mortgage Loan Payment Plan (Only applicable to a specified residential property marked with a “*” in this price list)	Preliminary Deposit：5% Within 120 days after signing of the preliminary agreement：95%	1.5%
C. Stage Payment Plan	Preliminary Deposit：5% Within 60 days after signing of the preliminary agreement：5% Within 14 days after the date of the notification to the Purchaser：90%	2.5%

70% 5-year Easy First Mortgage Loan: 
(This benefit is only applicable to the Purchaser who purchases a specified residential property marked with a “*” in this price list and chooses Terms of Payment (A1) or (B1).)

Loan Amount	Maximum amount shall be 70% of the transaction price after deducting the value of all discount
Rate	First 24 Months: P-0.5% 25th -60th Month: P+0.5% (P=5%)
Loan Tenor	5 years

* For more information, please contact us to get more details.（WHATSAPP: 5662 2730）
** The above information is for reference only. For further information please refer to the sales brochure for the Development.

MONACO MARINE Extra Discount	Discount
1. Privilege for “Club Wheelock” member	1%
2. Early Bird Purchase Discount	1%
3. MONACO MARINE – Best of the Best Discount	1%
4. The Grand Finale of Kai Tak Center Discount	1%
5. Most Luxurious Super Yacht Concept Discount	1%
6. Most Splendid Harbour View Discount	1%
7. Welcome On Board Discount	1%
8. Wheelock Group Home Purchasing Discount	2.5%

# For completed residential properties with property value at or below HK$10 million, the maximum loan amount shall calculated at the maximum LTV ratio of 90%. If the property value is above HK$10 million and below HK$11.25 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 80% and up to 90% or capped at HK$9 million, whichever is lower. If the property value is at or above HK$11.25 million and up to HK$12 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 80%. If the property value is at or above HK$12 million and up to HK$19.2 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 50% and up to 80% or capped at HK$9.6 million, whichever is lower.

##  For properties with property value is at or above HK$4.5 million (up to the cap of HK$6 million), the maximum loan amount shall be calculated at the maximum LTV ratio of 80%. If the property value is at or below HK$10 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 60%, the property value is above HK$10 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 50%.

You can refer to the “Maximum LTV Ratio” of the HKMCI website for details
https://www.hkmc.com.hk/eng/our_business/mortgage_insurance_programme.html

For more information, please visit Ricacorp website

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Ricacorp Mortgage Agency provide one-stop mortgage referral services including free referrals, personalized advice on mortgage choices, and end-to-end mortgage application service:

Service Hotline: 2836 6121 / 2836 6183
WHATSAPP: 5662 2730
Email: mortgage@ricacorp.com

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