Loan Agreement
Loan Agreement is specially designed for properties under Home Ownership Scheme, title deed is not required to provide as collateral, experiencing fast and easy loan applications.
Co- Owners or Sole Owners are eligible to apply according to their equity/share
Title deed is not required
No records in the Land Registry
Applicable to properties under Home Ownership Scheme
Remarks
In accordance with the Money Lenders Ordinance, the maximum annual interest rate does not exceed 48%.
The repayment period can be selected from a minimum of 3 months to a maximum of 180 months.
A brief description of the loan related fees is as follows for reference:
Loan amount: HK$10,000
12-month installment loan, monthly repayment amount is HK$875
Annual interest rate: 9%
Total repayment amount: HK$10,500
Total Interest of the loan: $500