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- 90% mortgage
Citibank® offers up to 90% mortgages with interest-saving solutions to reduce your down payment so that you own your home sooner!
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- Mortgages up to 90%+
- Applicable to properties valued at or below HK$4,000,000
- Loan size up to HK$3,600,000
The maximum loan-to-value (LTV) ratio of Mortgage Insurance Program is stated as below:
| Maximum LTV Ratio | ||
|---|---|---|
| Property Value | Non-first time homebuyer | First time homebuyer^ |
| At or below HK$4 million | 80% | 90% |
| Above HK$4 million and below HK$4.5 million |
80% - 90% (Max loan cap = HK$3.6 million) |
|
| At or above HK$4.5 million and at or below HK$6 million |
80% (Max loan cap = HK$4.8 million) |
|
Example of 90% Mortgage
Property Value: HK$4,000,000
Tenor: 30 years
| Traditional Mortgage | Citibank® 90% Mortgage Insurance Plan |
|
|---|---|---|
| Loan-to-value ratio | 60% | 90% |
| Down payment | HK$1,600,000 | HK$400,000 |
| Mortgage loan size | HK$2,400,000 | HK$3,600,000 |
| Mortgage interest rate* (P-3.1%) |
2.15% | 2.15% |
| Monthly mortgage Installment | HK$9,052 | HK$13,578▲ |
Down payment HK$1,200,000 |
Reduced by75% |
Monthly mortgage installment HK$4,526 |
|---|
Loan amounts of up to 90% of property value+
- Choose from HIBOR, Prime-Based, Deposit-Linked or Fixed Rate Mortgage Plans
1 stop mortgage support
- From valuation and loan application right through to completion, Citibank® is with you every step of the way.
The following are examples of documents required by the bank for a 90% mortgage application:
If applying in the name of an individual:
- HKID or passport of borrower and guarantor (if applicable)
- Provisional and Purchase Agreement (for new purchase)
- Latest three months' payroll record shown on bank passbook or statement
- Latest tax demand note / latest tax return / employment letter
Remarks: The documents listed above are for reference only. Citibank® has the right to request additional documents depending on the information provided by each applicant. Please contact Citibank® for details.
Remarks:Remarks:
Terms and Conditions:Terms and Conditions:
-
The maximum mortgage loan amount is capped at 90% of the property value and subject to relevant loan amount cap. Final approved loan amount is subject to decision of the Hong Kong Mortgage Corporation Limited.
- If the property value falls below HK$4,500,000,
- for the first time homebuyer with below 3 conditions fulfilled, the maximum loan amount shall either be calculated at the maximum Loan-to-Value ratio (LTV) of 90% or capped at HK$3,600,000, whichever is lower.
- First time homebuyer(s) who does/do not hold any property at loan application;
- regular salaried; and
- Debt-to-income ratio is 45% or below.
Conditions:
- for the non-first time homebuyer, the maximum loan amount shall calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
- for the first time homebuyer with below 3 conditions fulfilled, the maximum loan amount shall either be calculated at the maximum Loan-to-Value ratio (LTV) of 90% or capped at HK$3,600,000, whichever is lower.
- If the property value is at or above HK$4,500,000 (up to the cap of HK$6,000,000), the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
- If the property value falls below HK$4,500,000,
- The preferential savings rate will become effective two days after the drawdown date of the HIBOR Deposit-Linked Mortgage, providing:
- Only one Citibank Currency Manager Call Deposit Account is opened in the name of Borrower/ Co-borrower(s)/ company and
- A deposit amount (under the above account) of less than, or equal to, 50% of the outstanding loan balance is maintained. Any deposit amount exceeding this limit will be calculated on the basis of Citibank (Hong Kong) Limited's normal call deposit rate.
- The above example is for reference only. All interest rates are for reference only and are not guaranteed.