HSBC

How much could I save with a Deposit-linked Mortgage

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How much could I save with a Deposit-linked Mortgage

Find out how much interest expense you can save

 

Enter current details

Current repayment frequency

Monthly

HKD

HKD

HKD

Enter interest rate information (% p.a.)

%

%

%

Find out how much interest expense you can save

  Deposit-linked mortgage Standard mortgage
Number of mortgage instalments    
Mortgage loan interest rate (p.a) % %
Savings deposit interest rate (p.a) % %
Mortgage instalment (HKD) HKD HKD
Mortgage interest payment for entire loan period (HKD) HKD HKD
Savings interest rate for entire loan period (HKD) HKD HKD
Net interest expenses (HKD) HKD HKD
Your savings on net interest expenses:

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Disclaimer: This information is for reference only. This simulation does not constitute an offer of credit facilities. Customer should not rely on the result and shall reach out to our mortgage specialist for professional financial advice. The Bank would make effort to update calculator when there is changes in latest guidelines, however there may be some discrepancy expected. No warranty or representation is given by HSBC as to its accuracy, completeness and/or fitness for a particular purpose. The Bank accepts no responsibility or liability for any loss arising from or in reliance upon the whole or any part of such information. Any mortgage loan application and the Terms & Conditions for the loan – including but not limited to the loan-to-value ratio and loan amount – are subject to our final approval. For full details of Terms & Conditions and relevant Fees & Charges of the bank loan products, please contact our HSBC staff.

Remarks

  1. The calculation is based on assumption that mortgage is repaid with monthly installment, and could not incorporate individual needs, or special scenarios, such as and not limited to applicants and property condition.
  2. Mortgage Insurance Programme result is for reference only. Please refer to The Hong Kong Mortgage Corporation Insurance Limited (HKMCI) website for the latest program information and premium rate.
  3. The interest rates used are for simulation purpose only and may not be the same interest rates applicable to their actual loan and deposit. Customers should note that the interest rates are subject to change.
  4. The actual mortgage installment, mortgage interest payment and savings interest return for entire loan tenor may vary. To illustrate the effect of rising interest rate, on loan repayment and savings investment return, other interest rates can be used in this simulation.
  5. Interest is calculated on a daily basis.
  6. For Home Budgeting:
    1. Stamp duty rate result is for reference only. Please refer to Hong Kong Inland Revenue Department website for latest stamp duty rate.
    2. Agency commission default values are for reference only. Please consult your property agency for actual cost.
  7. For Deposit-linked Mortgage Interest Saver:
    1. Under the following circumstances, the deposit linked account preferential interest rate will cease and savings interest will accrue on the total credit balance under the Integrated Account Terms & Conditions:
      • Default in mortgage payment
      • Full repayment of mortgage loan at any time
    2. It is assumed that the starting date in calculation the interest shall be the month in which the mortgage Interest Saver is being used by customers, commencing from the first day of the month.
    3. The preferential interest rate is applicable only to Hong Kong dollar savings accounts held by HSBC Premier, HSBC One and Personal Integrated Account customers. It applies only for the saving deposit balance up to 50% of the outstanding principal amount of the mortgage loan. For full details about Hong Kong dollar savings interest, please contact our HSBC staff.
    4. The above calculation is based on one deposit-linked account designated for one Deposit-linked mortgage repayment loan.

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