90% LTV RATIO MORTGAGE

Own your home sooner.

Citibank Relationship Manager explaing to the client the benefits of 90% LTV Ratio Mortgage`

Citibank offers mortgages up to 90% of property value with interest-saving solutions. Not only is your down payment reduced, but you can also become a first-time property owner sooner than ever! Just 10% down payment to enjoy a wider choice of properties.

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$10 million 80% 90%
Above HK$10 million
and below HK$11.25 milliion
80% 80% - 90%
(Max loan cap = HK$9 million)
At or above HK$11.25 milliion and
at or below HK$19.2 milliion
80%
(Max loan cap = HK$9.6 million)
^
The applicants shall be fulfilled (1) Does/do not hold any property at loan applicants; (2) Regular salaried; and Debt-to-income ratio is 50% or below.
Features

Loan amounts of up to 90% of property value+

  • Choose from HIBOR, Prime-based or Deposit Linked Mortgage Plans

1 stop mortgage support

  • From valuation and loan application right through to completion, Citibank® is with you every step of the way.
Exclusive Offers
  • Enjoy HK$500 in cash rebate for online application
  • Up to 1% cash rebate, Free fire insurance for the 1st year
How To Apply

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.

FAQs

The following are examples of documents required by the bank for a mortgage application:
If applying in the name of an individual

  • 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
  • *Applications in the name of a shell company are not accepted under the Mortgage Insurance Program.

    Remarks: 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.

For the most part, there is no difference between applying for a regular mortgage and a refinancing mortgage. The only difference is customers are required to pay off the outstanding balance of their current mortgage. For details on refinancing, please call our Mortgage Hotline 2963 6489 within office hours.

In Hong Kong, most home mortgages are either based on our Hong Kong Dollar Prime Rate (P) or Hong Kong Interbank Offered Rate (HIBOR).

A conventional mortgage will allow up to 60% of the property's value. To borrow up to 90% of the property's value, customer can apply for the Mortgage Insurance Program.

Other than the down payment, the purchaser may also have to pay for the stamp duty of the transaction, solicitor's fee, agent commission, and other similar fees.

You can call our Mortgage Hotline at 2963 6489, visit any Citibank branch or browse this website for more information.

Upon making any mortgage application or redemption, you will be responsible for the legal expenses to be incurred by both yourself and the Bank, regardless of whether or not both parties are represented by the same solicitor firm. While the Bank only engages solicitors from the Bank’s list of approved panel firms (the “List”) to represent the Bank, you have the right to engage your own solicitors out of the List to separately represent yourself. However, if you engage separate solicitors to represent yourself, extra legal costs will be incurred by additional work to be conducted by solicitors representing each party in reviewing and negotiating the other party’s documentation. Therefore, you are reminded to check with the Bank on whether the solicitor you are going to engage is on the List to avoid incurring additional costs.

Please note that the Bank shall not be liable for any loss or damages which you may incur in connection with your engagement of any solicitors. The legal expenses charged by the respective solicitors may vary depending on the solicitors’ firm.

The information herein is for general information only. It should not be relied upon as legal or professional advice. Whilst reasonable care has been taken to ensure the accuracy of the information herein, no warranty or representation is made as to its correctness or completeness. Content herein may be modified at any time without notice.

Act Now

Mortgage Application Hotline
(852) 2963 6489a

Get expert advice to address mortgage
enquiry in just one business day!*

Mortgage Application Hotline
(852) 2963 6489a

Get expert advice to address mortgage
enquiry in just one business day!*

Mortgage Application Hotline
(852) 2963 6489a

Get expert advice to address mortgage enquiry in just one business day!*

To borrow or not to borrow? Borrow only if you can repay!

Remarks:Remarks:

#  Mortgage hotlines service hours: Monday to Friday 9:00am - 6:00pm
+  Maximum LTV ratio will be subject to the property value determined under the HKMCI guidelines.
Not including the mortgage insurance premium, clients can arrange to pay the premium by a single payment (or financed by a loan) or by an annual payment.
Δ  First year fire insurance waiver is subject to the decision of Citibank (Hong Kong) Limited.

Terms and Conditions:Terms and Conditions:

  1. 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 HKMC Insurance Limited.

    1. If the property value is HK$10,000,000 or below,
      1. for the first time homebuyer with below 2 conditions fulfilled, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 90%.

          Conditions:

        • First time homebuyer(s) who does/do not hold any property at the time of loan application;
        • Regular salaried; and debt-to-income ratio is 50% or below.
      2. for the non-first time homebuyer, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
    2. If the property value is above HK$10,000,000 to HK$11,250,000, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
    3. If the property value is above HK$11,250,000 to HK$19,200,000, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 80% with max loan cap of HK$9,600,000.
  2. The mortgage scheme is not applicable to Equitable Mortgage.
  3. 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.
  4. The above example is for reference only. All interest rates are for reference only and are not guaranteed.