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- 90% 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.
- Mortgages up to 90%+
- Applicable to properties values Up to HK$19.2 million
- Key Facts Statement (KFS) for Mortgage Loan
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) |
|
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.
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.
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Remarks:Remarks:
Terms and Conditions:Terms and Conditions:
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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.
- If the property value is HK$10,000,000 or below,
- 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%.
- 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.
Conditions:
- for the non-first time homebuyer, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
- 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%.
- 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%.
- 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.
- If the property value is HK$10,000,000 or below,
- The mortgage scheme is not applicable to Equitable Mortgage.
- 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.