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HIBOR-Based Mortgage Plan

Keeping Rates in Check

The HIBOR-Based Mortgage Plan allows you to plan ahead to guard against interest rate fluctuations

Overview

The HIBOR-Based Mortgage Plan uses the Hong Kong Interbank Offered Rate (HIBOR) as the basis of mortgage interest rate and HIBOR fixing period. If you expect interest rates to move upwards, you can choose a longer HIBOR fixing period to lock-in your interest rate and enjoy interest rate protection; if you expect interest rate to remain stable or even move downwards, you can choose a shorter HIBOR fixing period to take advantage of possible lower interest rates in the future.

Key Benefits

Within the HIBOR fixing period, your mortgage interest rate is fixed and independent of the market interest rate fluctuations.
Upon maturity day of the HIBOR fixing period, your mortgage interest rate will be reviewed based on the prevailing HIBOR. The lower one between HIBOR and the interest rate cap will be adopted as the mortgage interest rate during that fixing period until the next maturity day.
Special offers on fire insurance premium

Summary

Summary Table
Suitable for	New purchases from Primary Property Market (completed or under construction) and Secondary Property Market Refinancing Cash-out Refinancing
Loan Tenor	Up to 30 years
Loan Amount	Up to 90% of the appraised value or purchase price (whichever is lower)
Repayment Method	Choice of monthly or biweekly mortgage repayment methods
Other Privileges	Special offers on fire insurance premium

Remarks

1. The maximum mortgage loan amount is 90% of the property purchase price or appraised value (whichever is lower) and should be under the relevant mortgage schemes.

The final terms and conditions of the mortgage application will be governed by the Facility Letter and any relevant documents signed between the loan applicant and China CITIC Bank International Limited (the "Bank").
The above information is for reference only. The Bank reserves the right on final approval of the mortgage loan and to revise the relevant terms and conditions from time to time without prior notice. In case of any disputes, the decision of the Bank shall be final. Please contact the Bank's staff for details.

Key Facts Statement