Best Nanyang Commercial Bank Mortgage Plan in Hong Kong

NCB offers a convenient, efficient and professional way of banking through diversified channels. At the moment, NCB has 42 local branches in town, offering comprehensive banking services. Moreover, customers can bank online via Mobile banking or Internet banking. In addition, customers can also make use of JETCO automatic teller machines with the withdrawal cards issued by NCB.

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Apply for Nanyang Commercial Bank Mortgage via MoneySmart Now and earnup to 0.23% Cash Rebate!

Mortgage Plans

Nanyang Commercial Bank offers two main mortgage plans namely "All-You-Want" Mortgage Scheme and "Smart" Mortgage Scheme. The former can help you save mortgage interest of up to 50% while the other allows you to enjoy preferential interest return equivalent to mortgage interest rate.

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Nanyang Commercial Bank New Buy Hibor Rate

Hibor Rate PlanHIBOR Plan RateInterest Rate CapApplicable Property Types
Nanyang Commercial Bank 1 Month HIBORH+1.5%P(5.0%)-2.5%All property types apart from public housing and HOS Scheme
Nanyang Commercial Bank Prime RateP(5.0%)-2.5%5.0%Public Housing and HOS Scheme

Nanyang Commercial Bank Refinance Prime Rate Plan

Prime Rate PlanP Plan RateBest Lending Rate (=P)Applicable Property Types
Nanyang Commercial Bank 1 Month HIBORH+1.5%P(5.0%)-2.5%All property types apart from public housing and HOS Scheme
Nanyang Commercial Bank Prime RateP(5.0%)-2.5%5.0%Public Housing and HOS Scheme

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Nanyang Commercial Bank Mortgage Plan: Advantages

  • All-You-Want" Mortgage Scheme:
    a comprehensive plan that brings mortgage and current accounts together, which help save on your mortgage interest expenses and shorten the repayment period by adjusting your monthly repayments based on your lifestyle and budget.

    "Smart" Mortgage Scheme:
    provides you with a designated current Account with a preferential interest rate for you to obtain higher interest returns on your savings while owning your dream living space.

Nanyang Commercial Bank Mortgage Plan: AdvantagesNanyang Commercial Bank Mortgage Plan: Advantages

Nanyang Commercial Bank Mortgage Plan: Disadvantages

  • Penalty Period

    paying back some or all of your mortgage within the penalty period will incur early repayment charges. For details, you can check your facility letter.



    Restrictions on Property Types

    you may need to submit extra documentation for certain types of property and some are not even applicable to NCB mortgage plans such as mainland properties, public housing, etc.

Nanyang Commercial Bank Mortgage Plan: DisadvantagesNanyang Commercial Bank Mortgage Plan: Disadvantages

Mortgage Term with Nanyang Commercial Bank

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Property age, types of property and credit scores all affect Nanyang Commercial Bank mortgage terms.

Nanyang Commercial Bank will take property age into account when reviewing your mortgage applications.
Nanyang Commercial Bank will also consider the types of property you are applying for when approving your mortgage.
Your credit score also plays a part in your mortgage application. If you have a good credit score, you will be likely to get a preferential rate.

Property Valuation with Nanyang Commercial Bank

Most of the banks do not have their own valuation department. They usually use the valuation service by a third party company like DTZ, CBRE, Savills, Centaline Property Agency and Lei Shing Hong Limited, etc. to provide valuation services. HSBC only accepts valuation service from Debenham Thouard Zadelhoff (DTZ), therefore their valuation tends to be reserved.

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Nanyang Commercial 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 mortgages. Various specific factors relating to the building will be looked at for example house prices of recent sales in the area, sales transactions, age, quality, unauthorised building works and building orders (if any). Certain property types such as Village houses, old buildings and single private residential buildings usually have a low number of sales transactions, resulting in a low mortgage valuation.

For properties with a lower than expected valuation, MoneySmart suggests:

  • 1

    Requesting banker to get valuations from few more companies. However they may refuse your request. Alternatively, you can apply through MoneySmart. We work with all major mortgage lenders. We can help you to compare, choose and apply for the best mortgage with a higher valuation.

  • 2

    For refinance mortgage, you can directly commission a company for property valuation and submit the valuation report to the bank directly. This approach suits under valuated properties like village houses and old buildings. It may double the valuation price. However, not all banks accept reports like this. It is best to check in advance.

Can these properties get a Nanyang Commercial Bank mortgage?

Property TypeY/NNotes
Off Plan PropertyYLess than 6 Million: 80% LTV

6 -10 Million : 60% LTV or 5 Million (whichever is less)

10 Million or above: 50% LTV

First hand PropertyYLess than 10 Million: 80-90% LTV, depending on mortgage amount

10 Million or above: 50% LTV

Second hand Private HousingYLess than 10 Million: 80-90% LTV, depending on mortgage amount

10 Million or above: 50% LTV

Village HousingYLess than 10 Million: 80-90% LTV, depending on mortgage amount

10 Million or above: 50% LTV

Maximum loan period: 25 years

Tong LauYLess than 10 Million: 85% LTV, depending on mortgage amount

10 Million or above: 50% LTV

Home Ownership Scheme HousingYPrime 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

Public HousingYPrime 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 Nanyang Commercial Bank Mortgage

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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 Nanyang Commercial Bank Home Loan

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Apply for Nanyang Commercial Bank Mortgage via MoneySmart

  • Step 1Get in touch with our mortgage team

    Applicants can contact our professional mortgage team though our website WhatsApp +852 9665 5218

  • Step 2Compare Nanyang Commercial Bank mortgage plans

    MoneySmart will follow up on your inquiry and provide different mortgage plans.

  • Step 3Apply online with required documents

    Fill in a consolidated application form with MoneySmart to apply for a mortgage with different banks. 👍🏻

  • Step 4Check the application form and sign it

    The bank that you have applied for will contact you directly 📞to collect the necessary documents. Applicants can get in touch with the mortgage department directly for future inquiries.

  • Step 5Draw down your mortgage

    We will remind ⏰ you upon successful application and provide you with suggestions and assistance you may need until you have successfully got the mortgage.

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Nanyang Commercial Bank Mortgage Plans FAQ

Does Nanyang Commercial Bank impose any restriction on the property with building order?

Nanyang Commercial 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?

Applicants without a fixed income are required to provide recent 6-month of bank statements as income proof. Applicants can also apply through Asset Based Lending.

Why Get a Mortgage through MoneySmart?

  • Best Mortgage Offers: Get SPECIAL interest rate offer from 2.5% and cash rebate up to 1.5%.
  • Speed Up the Mortgage Application: Get multiple banks’ offers in 9 working days by filling our Fast Form at the comfort of your home.