The Quinn·Square Mile Mortgage Plan

The Quinn·Square Mile Speical Mortgage Plan:

	The Quinn·Square Mile Special Mortgage Plan
Rate	As low as H+1.30% (cap2.50%)
Net Rate (p.a)	As low as 1.49%*
Loan-to-Value Ration	Up to 90%
Loan Tenor	30 years
Cash Rebate	Up to 1.6%

# 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

The Quinn·Square Mile Vendor Payment Terms：

Payment Plan	Payment Details	Discount
(A) Cash or Immediate Mortgage Payment Method – 120 days Completion	Preliminary Deposit：5% Within 30 days after signing of the preliminary agreement：3% Within 60 days after signing of the preliminary agreement：2% Within 120 days after signing of the preliminary agreement：90%	6%
(B) Privilege Mortgage Payment Method – 120 days Completion (This method is only available to the first hand purchasers)	Preliminary Deposit：5% Within 30 days after signing of the preliminary agreement：3% Within 60 days after signing of the preliminary agreement：2% Within 120 days after signing of the preliminary agreement：90%	5%
(C) Stage Payment Method	Preliminary Deposit：5% Within 90 days after signing of the preliminary agreement：3% Within 180 days after signing of the preliminary agreement：2% Within 14 days after the date of the notification to the Purchaser：90%	2%
(D) Stage Payment Privilege Mortgage Method (This method is only available to the first hand purchasers)	Preliminary Deposit：5% Within 90 days after signing of the preliminary agreement：3% Within 180 days after signing of the preliminary agreement：2% Within 14 days after the date of the notification to the Purchaser：90%	1%

The Quinn·Square Mile “designated bank”offer first mortgage loan:

Payment Plan	Only for Plan B (B – Privilege Mortgage Payment Method – 120 days Completion)	Only for Plan D (D – Stage Payment Privilege Mortgage Method)
Rate	First 3 years P-2% 4th to 5th year P-1% Thereafter P+1	First 2 years P-2% 3rd year P-1% Thereafter P+1%
Loan Amount	Max. amount 85%	Max. amount 85%
Loan Tenor	▲ 5 years	▲ 5 years

The Quinn·Square Mile second mortgage loan:

Payment Plan	Only for Plan B (B – Privilege Mortgage Payment Method – 120 days Completion)	Only for Plan D (D – Stage Payment Privilege Mortgage Method)
Rate	First 3 years P-2% 4th to 5th year P-1% Thereafter P+1	First 2 years P-2% 3rd year P-1% Thereafter P+1%
Loan Amount	Max. amount 30% (the total amount of first mortgage loan and second mortgage loan offered shall not exceed 90% of the purchase price)	Max. amount 30% (the total amount of first mortgage loan and second mortgage loan offered shall not exceed 90% of the purchase price)
Loan Tenor	▲ 30 years	▲ 30 years

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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