HOME SMART MORTGAGE

Save on interest and own home faster.

Save on interest and own home faster.

A smarter type of mortgage, Home Smart allows you to deposit your monthly salary and even your savings and bonuses into your account with no penalty as extra repayment, immediately helping you to lower your interest expenses and shorten your loan period.

Citibank Home Smart Mortgage Plan Features & Benefits

  • Bundled with a Prime-Based Mortgage plan
  • Allows you to deposit or withdraw an extra repayment amount as often as you want
  • Extra repayment is deducted from the outstanding principal to lower your interest expense and shorten the loan tenor at any time
  • Bundled with a Prime-Based Mortgage plan
  • Allows you to deposit or withdraw an extra repayment amount as often as you want
  • Extra repayment is deducted from the outstanding principal to lower your interest expense and shorten the loan tenor at any time

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!*

Welcome Offers
  • Enjoy HK$800 in cash coupons for online application
  • Drawdown offer: Up to 1% cash rebate; Free fire insurance for the 1st yearΔ
Benefits
  • Bundled with a Prime-Based Mortgage plan
  • Allows you to deposit or withdraw an extra repayment amount as often as you want
  • Extra repayment is deducted from the outstanding principal to lower your interest expense
  • No penalty for early repayment, meaning you can shorten the loan tenor at any time
  • A flexible plan for clients to make use of idle cash
Repayment Example

Repayment Example

Mortgage Amount: HK$3,000,000

Loan Tenor: 25 years

Extra Monthly Deposit: HK$3,000

Traditional Mortgage Home Smart Mortgage
Extra Monthly Deposit Not applicable $3,000
Mortgage Interest Rate* 2.15% (P-3.1%) 2.25% (P-3%)
Monthly Mortgage Installment HK$12,936 HK$13,084
Total Interest Expense HK$880,705 HK$686,663
Loan Tenor 25 years 19 years and 2 months
Save
HK$194,042
on total interest expense
Total interest expense is reduced by
22%
Shorten loan tenor for
5 years and 10 months

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.

How To Apply

To apply for a mortgage, you will need to prepare the following:

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
  • Property Valuation & Enquiry. Free Property Valuation, provide you up-to-market information.
  • Prime-Based Mortgage Plan. The best interest rate offer just for you.
To borrow or not to borrow? Borrow only if you can repay!

Remarks:Remarks:

  • a
    Mortgage hotlines service hours: Monday to Friday 9:00am - 7:00pm
  • 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:

  • Citibank Home Smart is a fixed installment account. Should interest rates change, the loan tenor will be lengthened or shortened automatically. Citibank (Hong Kong) Limited reserves the right to make all final decisions relating to this account.
  • Upon successful application, a checking account will be opened in conjunction with the mortgage account. Should the application subsequently be cancelled, this checking account will automatically be terminated.
  • An upper limit on the extra loan repayment amount will apply to the Citibank Home Smart account. For further details on the terms and conditions of Citibank Home Smart, please contact Citibank.
  • Home Smart Account is not a protected deposit account and is not protected by the Deposit Protection Scheme in Hong Kong.
  • 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.

Terms and Conditions for the $800 reward for online application promotion

  • Promotion period is from now till Dec 31, 2017.
  • Customer must fulfill the below requirement to be applicable for the reward:
    • Complete our Mortgage Enquiry Form via “Online Enquiry” in Citibank online page and
    • Submit a mortgage application with full sets of relevant required documents provided to the Bank.
  • The offer is applicable to mortgages for private residential property, but not applicable to the commercial properties and industrial properties.
  • The loan amount applied must be HK$1,000,000 or above. For top up case, the loan amount is referred to the top up loan amount in addition to the existing mortgage loan amount.
  • Customer will be eligible for $800 cash coupon for each mortgage application which fulfills the requirement as mentioned above. Customer is entitled to this reward upon mortgage loan approval, regardless of accepting the loans offers or not.
  • The cash coupons are non-transferable and non-exchangeable for cash, credit or any other items. Terms and Conditions apply to the use of cash coupons, for details, please refer to the overleaf of the cash coupons. Citibank makes no representation or guarantee as to the quality of the goods and/ or services provided by the merchants. Citibank shall bear no responsibility or liability whatsoever with regards to any matters arising from or in connection with the goods and/or services provided by the merchants. Any disputes or complaint in respects of the good and/ or services should be directed to the merchants.
  • The cash coupons will be collected by customer from our staff upon loan confirmation documents signing or individual appointment made after application processed with offers.
  • This promotion is not applicable to U.S. persons.
  • 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.
  • Customer cannot apply the mortgage loan through other referral source or already submitted mortgage application by other channel to Citibank.
  • Citibank reserves the right to vary or cancel the promotion and/ or amend these Terms and Conditions at anytime without prior notice. All matters and disputes will be subject to the final decision of Citibank.
  • 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, the English version shall prevail.