Take advantage of market interest rate movements

A house key and a calculator

What is HIBOR Mortgage?

Citibank HIBOR Mortgage plan has been specifically designed to ensure that you won’t need to step away from your wish of purchasing a house due to high repayment rates. You will be able to save money as you won’t have to pay a high interest expense each month! It is also flexible as it gives you the liberty to choose from HIBOR periods of 1 to 3 months.

Citibank HIBOR Mortgage Plan helps you take advantage of market interest rate movement. As a result, you can capture a lower mortgage rate to save interest expense. Plan for your dream home today!

Citibank HIBOR Mortgage Plan Features & Benefits

Welcome 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

How to apply for HIBOR Mortgage?

If you wish to apply for a HIBOR based mortgage by Citibank, you must follow the steps mentioned right below:

  • Submit online enquiry form and our mortgage sales manager will contact and follow up with you regarding your enquiry.
  • Complete mortgage application form and submit the required documents to start with mortgage application process.
  • Once your application is received, Bank will arrange for a valuation of the property you intend to buy.
  • Bank will prepare your mortgage terms based on the valuation result and your repayment ability.

If the bank approved your mortgage, then it will proceed with the following:

  • Sign the confirmation letter with mortgage
  • Send instruction letter to the corresponding solicitor firm to prepare mortgage deeds

After the solicitor firm signs the necessary contracts, it will notify the bank. Once that is done, the mortgaged amount will be passed by the bank to the seller's solicitor firm to complete the transaction.

The customer will also be provided with a copy of the repayment schedule.

Required documents:

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 Mortgage Insurance Program.

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.


HIBOR Mortgage rates depend on the money market interest rate movement whereas Prime Rate is an interest rate used by banks, usually the interest rate at which banks lend to creditworthy customers and would vary from banks to banks.

While Prime rates are not fixed, it is generally more stable than HIBOR rates, making it easier for applicants to estimate the interest expense.

Act Now

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

Online Application

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


  • Mortgage Application Hotline: (852) 2963 6489 a
  • a
    Mortgage hotlines service hours: Monday to Friday 9:00am - 6:00pm
  • Δ
    First year fire insurance waiver is subject to the decision of Citibank (Hong Kong) Limited.
  • *
    Our Mortgage Sales Manager will respond to enquiries within the next business day (excluding Saturdays, Sundays and Public Holidays).

Terms and Conditions:Terms and Conditions:

  • Actual interest rate, repayment period and interest expense are depending on customer's existing loan details and Citibank's final approval of loan amount and interest rate. Please contact Citibank for details.
  • Citibank (Hong Kong) Limited reserves the right to amend the terms and conditions of the above mortgage plans without prior notice.
  • Citibank (Hong Kong) Limited reserves the right of the final approval of all loan applications. For further details of terms and conditions applying to any mortgage plans, please contact Citibank.
  • In the event of any discrepancy between the English and Chinese versions of this leaflet, the English version shall prevail.