WITH its commitment to fulfilling customers' financial needs, National Australia Bank Asia offers simple and flexible overseas property finance loans to purchase or refinance overseas properties in Australia, New Zealand, Britain and Ireland.
The overseas property finance loans are available to Hong Kong residents.
Loans to non-residents may be considered on a case-by-case basis.
The minimum amount for an overseas property finance loan is A$100,000 (about HK$556,000).
The maximum amount is determined by the customer's ability to service the loan, the security provided and other credit criteria.
Grace Mak, head of overseas property finance of National Australia Bank Asia's Hong Kong branch, said that 'with the increasing number of Hong Kong people investing in Australian, New Zealand, British and Irish property markets, we offer a favourable and highly competitive package.' Customers have the ability to choose a loan from a range of currencies, which can be either in the currency of the country in which the property is located in Hong Kong dollars or US dollars.
Loans can be structured on a reduced balance basis with principal plus interest (up to a maximum of 25 years) or interest-only payments for an agreed period.