The rapid development of Greater Bay Area attracts more and more Hong Kong Residents to purchase properties in Mainland China for their own use or for investment. Chiyu Bank strives to provide professional cross-border services to customers and has launched “Secured Mainland China Property Instalment Loan” assists customers to manage their wealth easily and flexibly by leveraging the existing properties.
• Eligible Property Type
Cover designated Residential Properties and Gongyu located at Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Zhuhai and Foshan area1
• Loan to Value Ratio
Up to 50% of appraised property value2
• Loan Tenor
Up to 20 years3
• Loan amount
HKD 1 million or above4
• Loan Settlement in HKD
Loan plan is based on Hong Kong Dollar Prime Rate with loan and repayment calculated in Hong Kong Dollar.
• Simple and Easy
A one-stop service in Hong Kong that saves your processing time from travelling between Hong Kong and the Mainland China.
• Safe and Reliable
Legal documents are handled by Chiyu Bank's designated solicitors in Hong Kong and in Mainland China.
Remarks:
1. Chiyu Bank reserves the right to make the final decision on the definition of eligible regions.
2. The maximum loan amount for properties in Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Zhuhai and Foshan area is 50% of the appraised property value. The actual loan amount is subject to final approval.
3. Loan tenor of residential properties mortgage is up to 20 years, while the Loan tenor of Gong-Yu mortgage is up to 10 years, Loan tenor should not exist “allotted period of land use” on the Premises Permit of mortgaged properties, (if the Premises Permit does not indicate “allotted period of land use”, Borrower ought to provide the land use certificate for verification), the actual period is subject to the final approval.
4. The minimum loan amount is HKD 1 million, the maximum loan amount for properties in Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Zhuhai and Foshan area can reach HKD 50 million, subject to final approval.
Reminder: To borrow or not to borrow? Borrow only if you can repay!
