90% MORTGAGE

Own your home sooner.

Own your home sooner.

Citibank® offers up to 90% mortgages with interest-saving solutions to reduce your down payment so that you own your home sooner!

Act Now

Mortgage Hotline
(852) 2963 6489a

Get expert mortgage advice
in just one business day!*

Mortgage Hotline
(852) 2963 6489a

Get expert mortgage advice
in just one business day!*

Mortgage Hotline
(852) 2963 6489a

Get expert mortgage advice in just one business day!*

  • Mortgages up to 90%+
  • Applicable to properties valued at or below HK$4,000,000
  • Loan size up to HK$3,600,000

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$4 million 80% 90%
Above HK$4 million and
below HK$4.5 million
80% - 90%
(Max loan cap = HK$3.6 million)
At or above HK$4.5 million and
at or below HK$6 million
80%
(Max loan cap = HK$4.8 million)
^
The applicants shall be fulfilled: (1) Does/do not hold any property at loan application; (2) Regular salaried; (3) Debt-to-income ratio is 45% or below.

Example of 90% Mortgage

Property Value: HK$4,000,000

Tenor: 30 years

Traditional Mortgage Citibank® 90% Mortgage
Insurance Plan
Loan-to-value ratio 60% 90%
Down payment HK$1,600,000 HK$400,000
Mortgage loan size HK$2,400,000 HK$3,600,000
Mortgage interest rate*
(P-3.1%)
2.15% 2.15%
Monthly mortgage Installment HK$9,052 HK$13,578
Down payment
HK$1,200,000
Reduced by
75%
Monthly mortgage installment
HK$4,526
*
The above example is for reference only. The Hong Kong Dollar Prime Rate ("P") is 5.25% as of April 2015. The mortgage interest rate is subject to the decision of Citibank® (Hong Kong) Limited.
Features

Loan amounts of up to 90% of property value+

  • Choose from HIBOR, Prime-Based, Deposit-Linked or Fixed Rate 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$800 in cash coupons 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.

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

Remarks:Remarks:

#  Mortgage hotlines service hours: Monday to Friday 9:00am - 7:00pm
+  Maximum LTV ratio will be subject to the property value determined under the HKMC guidelines. For details please refer to the HKMC website: www.hkmc.com.hk
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 Hong Kong Mortgage Corporation Limited.

    1. If the property value falls below HK$4,500,000,
      1. for the first time homebuyer with below 3 conditions fulfilled, the maximum loan amount shall either be calculated at the maximum Loan-to-Value ratio (LTV) of 90% or capped at HK$3,600,000, whichever is lower.

          Conditions:

        • First time homebuyer(s) who does/do not hold any property at loan application;
        • regular salaried; and
        • Debt-to-income ratio is 45% or below.
      2. for the non-first time homebuyer, the maximum loan amount shall calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
    2. If the property value is at or above HK$4,500,000 (up to the cap of HK$6,000,000), the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio (LTV) of 80%.
  2. 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.
  3. The above example is for reference only. All interest rates are for reference only and are not guaranteed.