#1
BOC Hong Kong 'First P Then H' & HIBOR Mortgage Plan
H+1.30% (Cap 3.30%)(HK$3.3)
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BOC Hong Kong 'First P Then H' & HIBOR Mortgage Plan (中銀香港「先 P 後 H」及 H 按計劃) by Bank of China (Hong Kong) pairs a H+1.30% HIBOR rate with a Preferential P - 2.32% initial 2–3 yrs, auto-converting to H+1.3% (Cap P - 1.75%) cap (~3.30% effective ceiling) and up to 0.85% cash rebate.
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View canonical entity profile (2 lists) →BOC Hong Kong 'First P Then H' & HIBOR Mortgage Plan (中銀香港「先 P 後 H」及 H 按計劃) by Bank of China (Hong Kong) pairs a H+1.30% HIBOR rate with a Preferential P - 2.32% initial 2–3 yrs, auto-converting to H+1.3% (Cap P - 1.75%) cap (~3.30% effective ceiling) and up to 0.85% cash rebate.
Key Metrics
Lender
Bank of China (Hong Kong)
HIBOR Spread
H +: 1.30%
Prime Rate Cap
Preferential P - 2.32% initial 2–3 yrs, auto-converting to H+1.3% (Cap P - 1.75%)
Effective Cap Ceiling
3.30% p.a.
Bank Cash Rebate
Up to 0.85%
Lock-In Period
2 years
Deposit-Link Offset
Mortgage-Link account up to 50% of unpaid principal
Pros and Cons
Pros
- 2026 'First P Then H' structure locks preferential P-2.32% in Years 1–3 before auto-switching to H+1.3%
- leading big-bank cash rebates on HK$5M+ loans
Cons
- Drawdown window criteria apply to promotional P-2.32% tranches
Eligibility
- Maximum 0.85% cash rebate applies from HK$5,000,000 loan size
- subject to HKMA LTV & debt-servicing underwriting and 2-year lock-in period with cash rebate clawback
Things to Watch Out For
- Drawdown window criteria apply to promotional P-2.32% tranches
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