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Key Facts Statement (KFS)
  • Residential Mortgage Loan
  • Overdraft Facility

  • "Easy Home" is a home mortgage plan for both potential owners of local private residential properties and properties offered by the government and public sectors for self-occupation purpose. The mortgage plans include:
    Home Ownership Scheme Mortgage Plan Tenants Purchase Scheme Mortgage Plan
    Home Starter Loan Scheme Mortgage Plan Sandwich Class Mortgage Plan
    Civil Servant Home Purchase Scheme Civil Servant Home Financing Scheme
    Flat-for-Sale Scheme Hospital Authority Home Loan Interest Subsidy Scheme
    Mortgage Insurance Programme  

    Handling charges and appraisal fee waived

    We offer competitive interest rate. The interest on the repayment is calculated according to the reduced principal.

    A range of preferential loan plans is available for selection.

    Customers may choose to make their repayments on a fixed installment, a fixed amount or a fixed repayment principal basis or by a bi-weekly repayment schedule, whatever suits their budget best.

    BOC Credit card annual fee waived during repayment period and one-year fire policy premium waiver.

    AutoPay repayment can be arranged on repayment date.

    Home Mortgage peripheral services

    Home Ownership Scheme Mortgage

    • Home Ownership Carpark Loan
    • Home Ownership Premium Loan
    • Home Ownership Decoration Loan

    Private Residential Property Mortgage

    • First and second hand residential property mortgage.
    • Residential property re-financing.
    • "©φΉF΄«ΌΣΌΦ" --- provide transitional down payment to facilitate new home purchase.
    • "All-You-Want" Mortgage Scheme : Save mortgage interest of up to 50%#
    • "Smart" Mortgage Scheme : Enjoy preferential interest return equivalent to mortgage interest rate

    "All-You-Want" Mortgage Scheme

    Save mortgage interest of up to 50%#

    Have you even thought about taking advantage of financial flexibility whilst reducing your mortgage interest payment? With our "All-You-Want" Mortgage Scheme, a comprehensive financial solution that brings mortgage and current accounts under one roof, you can save your mortgage interest expenses and shorten the repayment period by adjusting your monthly repayments according to your lifestyle and budget.

    "All-You-Want" Mortgage Scheme

    • Flexible deposits with interest saving
      • Reducing the outstanding net balance of your mortgage loan by placing deposits* into your mortgage loan account whenever you want without early repayment penalty.
      • Mortgage interest is calculated based on the daily outstanding net balance of your mortgage loan enabling you to save interest expenses and shorten the repayment period.
        (Net Balance = Mortgage Balance - Deposits Balance)
    • Convenient withdrawals
      • To meet your financial or investment needs, you can withdraw extra deposits anytime from your account via ATMs or by cheques.
      • With Internet Banking, Phone Banking or Mobile Banking, you can conveniently access our round-the-clock fund transfer service wherever you are.
    • Handling charge & annual fee waiver
      • Waiver on handling charge and annual fee means you can save more.
    • Detailed records at a glance
      • "All-You-Want" Mortgage Scheme comes with a monthly statement clearly listing each in/out transaction and mortgage loan details for your easy reference.
    • Simple application
      • Simply visit any of our branches and bring along your identity document, income proof and property information and we will take care of the rest.

    "All-You-Want" Mortgage Scheme Vs General Mortgage Plan


      "All-You-Want" Mortgage Scheme General Mortgage Plan
    Account mode All-in-one mortgage and current account Pure mortgage plan with fixed monthly repayments and period
    Partial repayment Reducing the outstanding net balance of your mortgage loan by making deposits anytime, with no minimum amount or limit set on the number of transactions*. No handling fee will be levied Additional interest or penalty incurred, e.g. 1% for 1st year ; subject to a minimum amount of HK$50,000 in normal case
    Mortgage Interest Interest calculated based on the daily net balance of your loan to help you save interest Fixed interest calculated on a monthly basis
    Withdrawals Convenient and simple withdrawals of extra deposits from your mortgage account via ATMs or by cheques anytime; 24-hour access to our Internet Banking, Phone Banking or Mobile Banking for fund transfers Not available

    * If the total deposits amount exceed designed limit, a deposit service charge will be levied. For details, please contact our branch staff.
    #For details, please refer to the following example.

    Example (For your reference only)
    Assume P=5%p.a.

    Mortgage loan amount: HK$1,000,000

    Repayment period: 20 years (240 months)

    Deposit amount upon loan drawdown date: HK$100,000

    Extra monthly deposits: HK$3,500 (assuming that no withdrawal of extra monthly deposits is made until full repayment of the entire loan)
      "All-You-Want" Mortgage Scheme General Mortgage Plan
    Annual mortgage interest rate 3%(P-2%)^ 2.6%(P-2.4%)^
    Monthly repayment HK$5,546 HK$5,348
    Total mortgage interest expenses HK$136,943 HK$283,727
    Your saving on interest expenses HK$146,784
    (Save 52%)
    Nil
    Actual repayment period 117 months@
    (shortened by 123 months)
    240 months

    P is the Hong Kong Dollar Prime Lending Rate quoted by Nanyang Commercial Bank Limited from time to time.

    ^ The interest rates are quoted for reference only.

    @ The repayment tenor assumes that the deposit amount in the "All-You-Want" mortgage account is sufficient to settle and repay all the outstanding mortgage loan amount in respect of the remaining repayment tenor after 117 months. Customers can then choose to redeem the mortgage loan facility, but a prepayment fee may be required. If customers do not redeem the mortgage loan facility, monthly repayment will be made by customers as usual until the outstanding mortgage loan principal is fully prepaid. The Bank may at its absolute discretion decide all matters in respect of the above mortgage repayment and redemption arrangements.

    The above calculation adopts a day-to-day interest basis and assumes that calculating interest starts from 1st January. All the information is for reference only.



    Remarks:
    1. The actual repayment period and possible interest savings for "All-You-Want" Mortgage Scheme will vary according to those factors such as the mortgage loan amount, repayment period, total extra deposits and the like. The saving on interest expenses does not take into account any other fees such as deposit service charge (if applicable). The actual interest payment that may be saved may change according to the operation of "All-You-Want" Mortgage Scheme. For details, please contact our branch staff.
    2. Nanyang Commercial Bank will open a current account for customer who applies for "All-You-Want" Mortgage Scheme so that he/she can enjoy deposit and withdrawal services upon successful drawdown of the mortgage loan.
    3. The above information is for reference only. The final terms and conditions of the mortgage loan will be subject to the Facility Letter and any relevant documents signed between Nanyang Commercial Bank, Limited and the mortgage loan applicants.
    4. In case of any discrepancies between the English and Chinese version, the Chinese version shall prevail.


    "Smart" Mortgage Scheme

    Enjoy preferential interest return equivalent to mortgage interest rate

    Nanyang Commercial Bank's "Smart" Mortgage Scheme brings you a Designated Current Account with a preferential interest rate, allowing you to obtain higher interest returns on your savings while owning your dream living space.

    "Smart" Mortgage Scheme

    • Higher yield deposits
      • "Smart" Mortgage Scheme comes with a Designated Current Account bearing a preferential interest rate, which also combines the features of both savings and current accounts.
      • Your mortgage account and Designated Current Account will share the same interest rate. For the latter one, interest is calculated based on your daily balance and you are able to earn more interest income than what it is generated from a general HKD savings account.
    • Flexible withdrawals
      • To meet your financial needs, you can conveniently withdraw cash anytime from your Designated Current Account via ATMs or by cheques.
      • With our Internet Banking, Phone Banking or Mobile Banking, you can easily access our round-the-clock fund transfer service wherever you are.
    • Handling charge & annual fee waiver
      • Waiver on handling charge and annual fee means that you can save more.
    • Detailed records at a glance
      • Monthly Designated Current Account and mortgage account statements clearly listing each in/out transaction, account balance, mortgage loan details and the like will be provided for your easy reference.
    • Simple application
      • Simply visit any of our branches and bring along your identity document, income proof and property information and we will take care of the rest.

    "Smart" Mortgage Scheme Vs General Mortgage Plan


      "Smart" Mortgage Scheme General Mortgage Plan
    Account type Mortgage account + Designated Current Account with a preferential interest rate Pure mortgage plan with fixed monthly repayments and period
    Deposit interest rate The mortgage and Designated Current Account share the same interest rate. For the latter one, interest is calculated based on daily deposit balance with monthly interest payment General savings annual interest rate (February 2016) now at 0.01%+; interest paid semi-annually
    Withdrawals Convenient and simple withdrawals of your deposit via ATMs or by cheques; 24-hour access to our Internet Banking, Phone Banking or Mobile Banking for fund transfers No cheque-book provided with general savings accounts


    Example (For your reference only):

    Assume P = 5%p.a.

    Mortgage loan amount: HK$1,000,000

    Repayment period: 20 years (240 months)

    Deposit amount upon loan drawdown date: HK$100,000

    Extra monthly deposits: HK$3,500

    (assuming that no withdrawal of extra monthly deposits is made until full repayment of the entire loan)
      "Smart" Mortgage Scheme General Mortgage Plan
    Annual mortgage interest rate 2.65%(P-2.35%)^ 2.6%(P-2.4%) ^
    Monthly repayment HK$5,372 HK$5,348
    Total mortgage interest expenses HK$289,620 HK$283,727
    Preferential annual interest rate on Designated Current Account 2.65% ---
    Annual interest rate on savings Account+
    (quoted at February 2016)
    0.01% 0.01%
    Total interest income on deposit account HK$113,457 HK$1,042
    Total net interest expenses# HK$176,163 HK$282,685
    Your Saving on interest expenses HK$106,522 Nil

    P is the Hong Kong Dollar Prime Lending Rate Quoted by Nanyang Commercial Bank, Limited from time to time.

    ^ The interest rates are quoted for reference only.

    # Total net interest expenses = Total mortgage interest expenses - total interest income on deposit account

    + Savings interest rate may vary according to the daily account balance. For details, please contact our staff.

    The above calculation adopts a day-to-day interest basis and assumes that calculating interest starts from 1st January. All the information is for reference only.


    Mortgage Hotline:(852) 2622 2633
    Website:www.ncb.com.hk

    Remarks:
    1. Nanyang Commercial Bank will open a Designated Current Account for the customer who applies for "Smart" Mortgage Scheme so that he/she can enjoy a preferential interest rate upon successful drawdown of the mortgage loan.
    2. The upper limit of funds bearing a preferential interest rate is up to 50% of the total outstanding balance of the mortgage loan. This upper limit will be adjusted in line with the outstanding balance of the mortgage loan. The part of deposits in excess of the upper limit can enjoy an interest rate based on the latest tiered interest rate structure for Hong Kong Dollar Savings Accounts quoted by Nanyang Commercial Bank from time to time according to the total credit balance of the Designated Current Account.
    3. The preferential interest rate offer will be terminated in case of loan payment default. In this case, this Designated Current Account will apply the interest rate based on the latest tiered interest rate structure for Hong Kong Dollar Savings Accounts quoted by Nanyang Commercial Bank from time to time.
    4. The above information is for reference only. The final terms and conditions of the mortgage loan will be subject to the Facility Letter and any relevant documents signed between Nanyang Commercial Bank, Limited and the mortgage loan applicants.
    5. In case of any discrepancies between the English and Chinese version, the Chinese version shall prevail.

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