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| Home>Mortgages>Mortgage Plans>Deposit-Linked Mortgage |
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| Matching your deposit and mortgage interest rates is the link to building wealth faster. Upon successful drawdown of your mortgage, we will offer you a Call Deposit Account with an annual interest rate the same as that of your mortgage. |
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For enquiries, call our Mortgage Hotline at (852) 2962 8022.# |
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Visit your nearest Citibank branch. |
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- Deposit interest rate linked to your mortgage interest rate, for faster wealth accumulation
- Withdraw cash from your Call Deposit Account anytime and anywhere you like
- No handling or valuation fees
- Chance to receive an additional cash rebate when you drawdown your loan
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| To apply for a Deposit-Linked Mortgage, you will need to prepare the followings: |
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| If applying in the name of an individual: |
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- HKID or passport of borrower and guarantor (if applicable)
- Temporary Sales Agreement (for new purchase)
- Latest repayment schedule or latest 3 months' mortgage repayment record (for refinance)
- Latest 3 months' payroll record shown on bank passbook or statement
- Latest tax demand note/ latest tax return / employment letter
If applying in the name of a shell company*:
- HKID or passport of personally guaranteed shareholder
- Temporary Sales Agreement (for new purchase)
- Latest repayment schedule or latest 3 months' mortgage repayment record (for refinance)
- Business Registration / Certificate of Incorporate
- List of Directors / Records documenting the transfer of shares
- Documents showing share distribution
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| *Applications in the name of a shell company are not accepted under Mortgage Insurance Program. |
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| The documents listed above are for reference only. Citibank has the right to request additional documents depending on the information provided by each application. Please contact Citibank for details. |
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| Tell Me More |
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| Repayment Example |
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Mortgage amount: HK$3,000,000
Loan Tenor: 20 years
Deposit: HK$500,000 |
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Traditional Mortgage |
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Citibank Deposit-Linked Mortgage |
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Mortgage
Interest Rate |
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2.35% (P-2.9%) |
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2.45%(P-2.8%) |
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Deposit
Interest Rate |
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0.03% |
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2.45% |
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Monthly Mortgage Installment |
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HK$15,679 |
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HK$15,825 |
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Total Mortgage Interest Payment(1) |
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HK$762,906 |
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HK$797,788 |
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Total Deposit Interest Returns(2) |
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HK$3,009 |
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Total Net Interest
Expenses(1-2) |
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HK$759,897 |
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| The above example is for reference only. The Hong Kong Dollar Prime Rate ("P") is 5.25% as of September 2011. All interest rates are for reference only and are not guaranteed. |
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| Still have questions? |
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| Contact our Mortgage Hotline at (852) 2962 8022# or Visit your nearest Citibank branch. |
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| For your information |
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#Mortgage hotlines service hours: Monday to Friday 9:00am - 7:00pm
+ A deposit amount of less than, or equal to, 50% of the outstanding loan balance can be maintained. |
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- The Mortgage Loan interest and the Call Deposit Account interest for the Deposit-Linked Mortgage account are both calculated on the basis of Citibank (Hong Kong) Limited's Prime Lending Rate.
- The preferential savings rate will become effective two days after the drawdown date of the Deposit-Linked Mortgage, providing: (a) Only one Citibank Currency Manager Call Deposit Account is opened in the Borrower's / Co-borrower(s') company name and (b) 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.
- Citibank (Hong Kong) Limited reserves the right to amend the terms and conditions of the above mortgage plans without prior notice. All matters and disputes will be subjected to the final decision of Citibank (Hong Kong) Limited.
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