Residential Mortgages
Product Name
Residential Mortgages
Product Description
Mortgage loan is used to assist customer in purchasing his/her residential home. Loan is repaid in instalments against a mortgage on the property purchase.
Features
1.Closed term or open term; you can repay the loan anytime without paying any prepayment fee if you choose an open term, though you usually pay a higher interest rate.
2.Fixed rate or variable rate; you can choose to fix the interest during the term or you can choose a variable rate mortgage, which usually based on a fixed spread over/below the prime lending rate.
Target Customers
People with proven stable income and occupation, with creditability and good payment ability.
Process
Please apply in person at any of our branches.
Documents Required
Valid photo ID, income proof (preferably last 3 years), sales and purchase agreement of the property
Friendly Reminder
Each case may be different and information required will also be different. You may want to talk to us before attending our branch in person.
