HIBOR DEPOSIT-LINKED MORTGAGE

Enjoy attractive interest on your deposit with a mortgage loan at a low rate.

A house key

What is HIBOR Deposit-Linked Mortgage?

The Citibank HIBOR Deposit-Linked Mortgage comes with a deposit account and an annual interest rate equivalent to the mortgage rate. You will benefit from a low mortgage rate, while your savings are entitled to a higher interest rate. The interest rate of a HIBOR Deposit-Linked Mortgage is capped on the basis of Citi's Prime Rate. The preferential deposit rate is equivalent to the mortgage rate, while the interest rate can be calculated over a 1-month or 3-month HIBOR period.


The HIBOR Deposit-Linked Mortgage is easy to apply as well. Upon successful application of the plan, you will be eligible to receive the welcome offers. Apply it online to get a cash rebate!

Citibank HIBOR Deposit-Linked Mortgage Plan Features & Benefits

  • Bundled with a HIBOR-Based Mortgage plan
  • Enjoy a high interest rate on your deposit with annual interest rate equivalent to the mortgage rate and flexibility to withdraw cash at any time
  • Choose from HIBOR periods of 1 or 3 months
  • Key Facts Statement (KFS) for Mortgage Loan
Welcome Offers
  • Enjoy HK$500 in cash rebate for online application
  • Up to 1% cash rebate, Free fire insurance for the 1st year
Benefits
  • Upon successful drawdown of your capital, you will be able to access a deposit account whose deposit interest rate is the same as mortgage interest rate
  • Bundled with a HIBOR-Based Mortgage plan
  • Choose from HIBOR periods of 1 or 3 months
  • Suitable for low interest rate environment with rate protection
  • Enjoy high interest rates as well as the flexibility to withdraw cash at any time
How To Apply

How to apply for the HIBOR Deposit-Linked Mortgage?

If you wish to apply for a HIBOR Deposit-Linked 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.

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:

  • 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:

  • The Mortgage Loan interest and the Call Deposit Account interest for the HIBOR Deposit-Linked Mortgage account are both calculated on the basis of Citibank (Hong Kong) Limited's HIBOR Lending Rate.
  • The preferential savings rate will become effective two days after the drawdown date of the HIBOR Deposit-Linked Mortgage, providing: (a) Only one Citibank Currency Manager Call Deposit Account is opened in the name of Borrower / Co-borrower(s') / company 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.
  • 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.
  • The sum of money, interest expenses and repayment period in all the examples are rounded to the nearest unit. Quoted savings rates and money amounts are limited to unit place.
  • 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.