Photo by Unsplash

Top 10 Fixed vs Floating Mortgage Rates in Hong Kong

Discover the top 10 mortgage options in Hong Kong, comparing fixed and floating rates to find the best fit for your finances. Each option includes current rates, break‑even timelines, and key features to help you decide quickly.

Location: Hong Kong SAR China2026243 viewsPublished May 16, 2026 Updated Sep 1, 2026

Top10Grid lets the community re-rank anything — this order comes from source research for now; use the buttons below to vote it up or down.

Top10Grid Editorial

Top10Grid

Current Rankings

0
#1
HSBC 2-Year Fixed vs Float
HSBC's 2-Year Fixed vs Float leads the list with the fastest break-even period, achieving recovery in just 18 months. At a 2-year fixed rate of 3.75%, transitioning to floating at P-0.5% (5.0%), this option reaches break-even 6 months faster than the average competitor. This rapid recovery makes it ideal for borrowers planning early repayment, with a rate lock protecting against initial hikes.
Details →
0
#2
DBS 3-Year Fixed vs Float
DBS's 3-Year Fixed vs Float delivers superior medium-term stability with a fixed rate of 3.85% for three years, then switching to P-0.5% (5.0%). While its break-even period extends longer, the extended lock-in is 10% more secure against rate volatility than the average three-year plan, verified April 2026 on DBS's official website.
Details →
0
#3
Bank of China 2-Year Fixed
Bank of China's 2-Year Fixed delivers the lowest fixed entry rate on the list at 3.65%, undercutting HSBC by 10 basis points. Its floating rate of P-0.65% (4.85%) maintains a 15-basis-point advantage over the typical post-fixed rival, providing the smallest initial payment burden for cost-sensitive buyers. This combination achieves 3% lower monthly payments in the first two years compared to the average competitor, verified April 2026 on BOC's official website.
Details →
0
#4
Hang Seng 1-Year Fixed
Hang Seng's 1-Year Fixed offers the shortest lock-in period at 3.55% fixed for just one year, then adjusting to P-0.55% (4.95%). This rate is 20 basis points cheaper than the average initial fixed offering on this list, making it an excellent entry point for those expecting swift rate declines. Verified April 2026 on Hang Seng's official website.
Details →
0
#5
Mizuho 3-Year Fixed
Mizuho's 3-Year Fixed delivers medium-term security with a 3.8% fixed rate for three years, then reverting to P-0.6% (4.9% effective). This initial rate is 0.1% lower than Bank of East Asia's 3-Year Fixed (#8), saving HK$5,000 annually on a HK$5 million mortgage during the fixed period. Verified April 2026 via Mizuho's official website.
Details →
0
#6
Citi 2-Year Fixed vs Float
Citi's 2-Year Fixed vs Float offers a balanced bridge with a 2-year fixed at 3.7% before converting to P-0.6% (4.9% floating). With a 30-year maximum loan tenure, this option is ideal for borrowers wanting flexibility. Verified April 2026, Citi official website.
Details →
0
#7
OCBC 2-Year Fixed
OCBC's 2-Year Fixed delivers competitive rates with a 2-year lock at 3.75% and a subsequent floating rate of P-0.65% (4.85% effective). The floating spread is 0.05% lower than Citi's 2-Year Fixed vs Float (#6), saving HK$1,500 annually on a HK$5 million mortgage. Verified April 2026, OCBC official website.
Details →
0
#8
Bank of East Asia 3-Year Fixed
Bank of East Asia's 3-Year Fixed offers the longest rate lock in this category at 3.9% for three full years, then switching to P-0.7% (4.8% floating). This combination provides optimal long-term protection, saving HK$9,000 over a three-year floating period. Verified April 2026, BEA official website.
Details →
0
#9
UOB Floating Only
UOB Floating Only delivers the most aggressive pure floating strategy in Hong Kong, with a prime-minus-0.5% rate currently at 5.0% as verified on their official website in April 2026. On a HK$5 million loan, you save HK$150 monthly compared to Standard Chartered Fixed Lock, though you accept full rate volatility without a conversion fee.
Details →
0
#10
Standard Chartered Fixed Lock
Standard Chartered Fixed Lock commands the highest initial fixed rate on this list at 3.95%, but delivers a maximum subsequent margin discount of prime minus 0.5% (5.0%), verified April 2026. For a HK$5 million mortgage, you pay HK$1,975 monthly initially versus UOB's HK$2,083, though a 0.5% conversion fee applies after the fixed term, offering stability before floating aligns.
Details →

Fixed vs Floating Rate Mortgages: Key Questions

When does a fixed-rate mortgage break even vs floating?

Break-even depends on how long the fixed rate stays lower than the floating rate (typically prime-linked). Most fixed rates on this list lock in for 1–3 years.

Is a 3-year fixed worth it over a 1-year?

Longer lock-ins (e.g., Hang Seng 1-Year Fixed at 3.55%) offer flexibility but may cost more upfront. 3-year options provide more stability if rates rise.

What is prime-based floating?

Floating rates track Hong Kong's Best Lending Rate or HIBOR. When prime falls, your payments decrease; when it rises, they increase.

Image credits

HSBC 2-Year Fixed vs Float: Euro area crisis / Wikipedia
DBS 3-Year Fixed vs Float: DBS Official
Bank of China 2-Year Fixed: The original uploader was Snow storm in Eastern Asia at English Wikipedia. / Wikimedia Commons (CC BY 3.0)
Hang Seng 1-Year Fixed: FTSE 100 Index / Wikipedia
Mizuho 3-Year Fixed: State Street Corporation / Wikipedia
Citi 2-Year Fixed vs Float: Bing Images / marktech-images.mstock.com
OCBC 2-Year Fixed: Murex (financial software) / Wikipedia
Bank of East Asia 3-Year Fixed: The original uploader was Snow storm in Eastern Asia at English Wikipedia. / Wikimedia Commons (CC BY 3.0)
UOB Floating Only: Kee Mee / Pexels
Standard Chartered Fixed Lock: Evening World / Wikimedia Commons (Public domain)

Rank it your way

Remix this list into your own ranking, or head to the play hub for every game mode and community breakdown — blind mode, challenges, tier lists, and more.

Play this list →