Best Fubon Bank Mortgage Plan in Hong Kong

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Mortgage Plans


Fubon Bank New Buy Mortgage Rate Plans
New Buy Plan | Rate | Interest Rate Cap | Applicable Property Types |
---|---|---|---|
New Buy PlanFubon Bank 1 Month HIBOR | RateH+1.5% | Interest Rate CapP(5.38%)-2.75% | Applicable Property TypesAll property types apart from public housing and HOS Scheme |
New Buy PlanFubon Bank Prime Rate | RateP(5.38%)-2.75% | Interest Rate Cap5.375% | Applicable Property TypesPublic Housing and HOS Scheme |
Fubon Bank Refinance Mortgage Rate Plans
Refinance Plan | Rate | Interest Rate Cap | Applicable Property Types |
---|---|---|---|
Refinance PlanFubon Bank 1 Month HIBOR | RateH+1.5% | Interest Rate CapP(5.38%)-2.75% | Applicable Property TypesAll property types apart from public housing and HOS Scheme |
Refinance PlanFubon Bank Prime Rate | RateP(5.38%)-2.75% | Interest Rate Cap5.375% | Applicable Property TypesPublic Housing and HOS Scheme |
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Fubon Bank Mortgage Plan: Advantages
The Fubon Bank Mortgage Plan applies to large housing estates, single blocks , tong lau, village houses, office buildings, shops and parking spaces and other property types, catering to the needs of various home buyers. Before applying for a mortgage at Fubon Bank, valuation is needed. However, Valuation fees can be exempted.


Fubon Bank Mortgage Plan: Disadvantages
Fubon Bank does not have its own valuation department. Mortgage loan given by the bank may therefore be lower than the estimated value. The referral commision of Fubon bank is also much higher than other banks - Fubon bank charges 0.8% while other banks charge 0.3%.


Property Valuation with Fubon Bank


Fubon Bank Online Valuation Service
Online Valuation Service doesn’t cover all properties in Hong Kong and the valuation tends to be more reserved. MoneySmart suggests considering valuation from a number of banks or using MoneySmart Property Valuation Calculator.
Property valuation is an important part of the entire mortgage application process. It does not only affect new purchases but also refinance mortgage. Numerous specific factors relating to the building will be considered during valuation. Old buildings and village houses usually have a low number of sales transactions, resulting in a low mortgage valuation.
For properties with a lower than expected valuation, MoneySmart suggests:
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Can these properties get a Fubon Bank mortgage?
Property Type | Y/N | Notes |
---|---|---|
Property TypeOff Plan Property | Y/NY | NotesLess than 6 Million: 80% LTV 6 -10 Million : 60% LTV or 5 Million (whichever is less) 10 Million or above: 50% LTV |
Property TypeFirst hand Property | Y/NY | NotesLess than 10 Million: 80-90% LTV, depending on mortgage amount 10 Million or above: 50% LTV |
Property TypeSecond hand Private Housing | Y/NY | NotesLess than 10 Million: 80-90% LTV, depending on mortgage amount 10 Million or above: 50% LTV |
Property TypeVillage Housing | Y/NY | NotesLess than 10 Million: 80-90% LTV, depending on mortgage amount 10 Million or above: 50% LTV Maximum loan period: 25 years |
Property TypeTong Lau | Y/NY | NotesLess than 10 Million: 80-90% LTV, depending on mortgage amount 10 Million or above: 50% LTV |
Property TypeHome Ownership Scheme Housing | Y/NY | NotesPrime Rate Plans only. Land Premium unpaid: loan amount up to 90% of property price (white form) or 95% (green form) Land Premium paid: cases treated as 2nd hand private property Maximum loan period: 25 years |
Property TypePublic Housing | Y/NY | NotesPrime Rate Plans only. Loan amount: Up to 100% of property price (non inclusive of deposit paid to Housing Authority) Maximum loan period: 25 years |
Paying for Fubon Bank Mortgage


Can I apply for a mortgage only by rental income?
Yes. But not all rental income will be counted as monthly regular income. Please see below for details:
Percentage of rental income calculated as monthly regular income.
Lease with stamping: 70%
Lease without stamping: 60%
For example: If the monthly income of the applicant is HK$20,000 and his/ her monthly rental income (lease with stamping provided). His monthly income will be HK$20,000 + HK$10,000 X 70%, which is HK$27,000.
Should you pay off your mortgage early?
Early mortgage repayment
There are two types of early mortgage repayment. The first one is to pay off the debt completely and the property will become yours. The second one is to pay back the capital to save on some interests. No matter which one you choose, you may be subject to early mortgage repayment fees. In recent years, some banks have shortened the penalty period to half a year or a year. If a borrower decides to repay the debt within the penalty period, a higher early mortgage repayment fees/ interest rates will be incurred. If it is beyond the penalty period, the fees will be a lot less. In the first year of the penalty period, the penalty is 1%+cash rebate and in the second year, the penalty is all cash rebate. MoneySmart suggests negotiating the best penalty period terms before accepting the mortgage plan.
How to apply for your Fubon Bank Home Loan


Apply for Fubon Bank Mortgage via MoneySmart
Get in touch with our mortgage team
Compare Fubon Bank mortgage plans
Apply online with required documents
Check the application form and sign it
Draw down your mortgage
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Fubon Bank Mortgage Plans FAQ
Does Fubon Bank impose any restriction on the property with building order?
- Fubon Bank will not provide mortgages for properties with building order.
Can I apply for a mortgage without a fixed income? Can I apply with my asset instead?
- In general, self-employed applicants are required to provide the most recent 6-month of bank statements as income proof. Applicants can also apply through Asset Based Lending.
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- Best Mortgage Offers: Get SPECIAL interest rate offer from 2.5% and cash rebate up to 1.5%.
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