#7
Bank of East Asia (BEA) HIBOR Mortgage Plan
H+1.30% (Cap 3.50%)(HK$3.5)
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Bank of East Asia (BEA) HIBOR Mortgage Plan (東亞銀行 HIBOR 按揭計劃) by Bank of East Asia (BEA) pairs a H+1.30% HIBOR rate with a P - 2.00% (Large P benchmark) cap (~3.50% effective ceiling) and up to 0.95% cash rebate.
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View canonical entity profile (2 lists) →Bank of East Asia (BEA) HIBOR Mortgage Plan (東亞銀行 HIBOR 按揭計劃) by Bank of East Asia (BEA) pairs a H+1.30% HIBOR rate with a P - 2.00% (Large P benchmark) cap (~3.50% effective ceiling) and up to 0.95% cash rebate.
Key Metrics
Lender
Bank of East Asia (BEA)
HIBOR Spread
H +: 1.30%
Prime Rate Cap
P - 2.00% (Large P benchmark)
Effective Cap Ceiling
3.50% p.a.
Bank Cash Rebate
Up to 0.95%
Lock-In Period
2 years
Deposit-Link Offset
50% high-interest Deposit-Linked account included
Pros and Cons
Pros
- Competitive up to 0.95% cash rebate starting at lower HK$4M loan sizes
- accommodates village houses & HKMC MIP applications
Cons
- Digital application UX less automated than HSBC/BOCHK
Eligibility
- Maximum 0.95% cash rebate applies from HK$4,000,000 loan size
- subject to HKMA LTV & debt-servicing underwriting and 2-year lock-in period
Things to Watch Out For
- Digital application UX less automated than HSBC/BOCHK
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