Mortgage deals
Hang Seng Bank Interest-free for the first three months for home loans above HK$1 million; rate then varies on a case-by-case basis.
HSBC Fixed rate of 2.18 per cent to 2.68 per cent for one to three years, depending on the tenure. It is 1.75 percentage points below the prime lending rate thereafter.
Bank of East Asia Same as HSBC.
Bank of China Hong Kong One-year fixed plan same as HSBC, but 20 basis points higher than HSBC for two- or three-year plans.
Fubon Bank Fixed rate at 2.68 per cent a year for the first two years, but 2.25 percentage points below prime rate, or 3 per cent, thereafter. Plus a cash rebate of 0.3 per cent of loan amount.
Citibank Floating-rate plan at 2.25 percentage points below prime, or 3 per cent, plus cash rebate at 0.8 per cent of loan amount.
Chong Hing Bank Floating-rate plan at 2.78 percentage points below prime, or 2.47 per cent, for the first year and 2.28 percentage points below prime, or 2.97 per cent, thereafter.
China Construction Bank (Asia) Fixed-rate plan at 2.28 per cent for the first year and 2.25 percentage points below prime thereafter, and a cash rebate of 0.5 per cent.
Standard Chartered Bank The interbank rate plus 70 basis points. The effective rate could be about 1.633 per cent based on the three-month interbank rate on March 13, and the interest rate is capped at 1.5 percentage points to 2 percentage points below prime.
The prime rate of HSBC, BOCHK and Hang Seng Bank is 5 per cent, while other banks' prime rate stands at 5.25 per cent.
