| Example: |
| Loan amount: |
HKD1,000,000 |
| Tenor: |
25 years |
| “Mortgage-Link” Interest
rate: |
3% p.a. |
| Monthly savings: |
HKD800 |
| Throughout
the loan tenor, you can earn attractive interest
returns. |
| |
“Mortgage-Link”
Account |
Conventional
Mortgage |
Mortgage Loan Interest Rate
|
3%
|
3% |
| Saving Deposit Interest Rate |
3% |
0.01% |
| Monthly Mortgage Instalment |
HKD4,742 |
HKD4,742 |
| Mortgage Interest Payment (a) |
HKD422,496 |
HKD422,496 |
| Savings Interest Returns (b) |
HKD75,540 |
HKD301 |
| Net Interest Expenses (a-b) |
HKD346,955 (c) |
HKD422,194 (d) |
| Effective Rate ^ |
P - 2.5% |
|
|
| With "Mortgage-Link"
Account, you will save HKD75,239 in net interest
expenses (d-c). |
| • |
The above example assumed customer
chooses to use the HKD Savings Account under the
Integrated Account as the Preferential Interest
Rate Savings Account. The above-mentioned loan
terms and interest rate are for reference only.
The actual loan terms will be specified in the
Facility Letter to be signed by the customer.
|
| ^ |
Calculated on the basis of net mortgage interest expenses by deducting deposit interest from mortgage interest. |
|
Mortgage
