Personal Banking
Home Mortgage
"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.
- "易達換樓樂" — provide transitional down payment to facilitate new home purchase.
- "Smart" Mortgage Scheme : Enjoy preferential interest return equivalent to mortgage interest rate
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.
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:
- 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.
- 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.
- 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.
- 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.
- In case of any discrepancies between the English and Chinese version, the Chinese version shall prevail.