Best Standard Chartered Bank Mortgage Plan in Hong Kong

Apply for Standard Chartered Bank Mortgage via MoneySmart Now and earnup to 0.23% Cash Rebate!
Standard Chartered Bank Mortgage Plans


Standard Chartered Bank New Buy Rate Plan
Rate Plan | Rate | Interest Rate Cap | Applicable Property Types |
---|---|---|---|
Rate PlanStandard Chartered Bank 1 Month HIBOR | RateH+1.35% | Interest Rate CapP(5.25%)-2.75% | Applicable Property Types All property types apart from public housing and HOS Scheme |
Rate Plan Standard Chartered Bank Prime Rate | RateP(5.25%)-2.75% | Interest Rate Cap5.25% | Applicable Property TypesPublic Housing and HOS Scheme |
Standard Chartered Bank Refinance Rate Plan
Rate Plan | Plan Rate | Interest Rate Cap | Applicable Property Types |
---|---|---|---|
Rate PlanStandard Chartered Bank 1 Month HIBOR | Plan RateH+1.35% | Interest Rate CapP(5.25%)-2.75% | Applicable Property Types All property types apart from public housing and HOS Scheme |
Rate Plan Bank Of China Prime Rate | Plan RateP(5.25%)-2.75% | Interest Rate Cap5.25% | Applicable Property Types Public Housing and HOS Scheme |
Compare all Providershere →
Standard Chartered Bank Mortgage Plan: Advantages


Standard Chartered Bank Mortgage Plan: Disadvantages


Mortgage Term with Standard Chartered Bank


Mortgage applications are affected by a number of factors:
Property Valuation with Standard Chartered 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 purchase but also refinance mortgage. Numerous 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). 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
2

Can these properties get a Standard Chartered 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/NN | Notes- |
Property TypeTong Lau | Y/NN | Notes- |
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/NN | Notes- |
Paying for Standard Chartered 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 Standard Chartered Home Loan


Apply for Standard Chartered Bank Mortgage via MoneySmart
Get in touch with our mortgage team
Compare Standard Chartered Bank mortgage plans
Apply online with required documents
Check the application form and sign it
Draw down your mortgage
Compare all Mortgage Providershere →
Standard Chartered Bank Mortgage Plans FAQ
What documents are required when applying for SCB mortgage?
- For all mortgage applications, you are required to provide proof of identity, income proof and proof of residential address. For new purchase, provisional agreement for sale and purchase is required and for refinance, recent repayment record and current mortgage repayment information is required.
Can I apply for a mortgage without a fixed income?
- As long as you are able to provide bank statements for the past six months, it is possible to apply for a mortgage even without a fixed income.
Can I apply for a mortgage if I am unable to provide the tax bill?
- If you are unable to submit the tax bill, it is not likely that your mortgage application will be approved. However, you can try applying based on Asset Based Lending (ABL).
Why Get a Mortgage through MoneySmart?
- Applying through MoneySmart can save you time and money. You can get offers from multiple banks in just 9 working days and enjoy up to 2.5% special interest rate and up to 1.5% cash rebate.