Compare Mortgages in Hong Kong

Live offers

20 live offers compared from 16 providers, from 1.25 ％ 最初的. Updated daily.

What are Mortgages in Hong Kong?

A mortgage is a long-term loan secured on residential property, letting you buy a home while repaying capital and interest over up to 30 years. Hong Kong has some of the world highest property prices, so mortgages are central to home ownership. Most are floating-rate, priced against HIBOR (the Hong Kong Interbank Offered Rate) with a cap linked to the bank Prime rate, and lenders offer cash rebates to win business.

How the Hong Kong market works

Banks dominate origination: Bank of China (Hong Kong), HSBC Hong Kong, Standard Chartered HK, Hang Seng Bank, DBS Hong Kong, Chong Hing Bank and Wing Hang compete on HIBOR-plus pricing and upfront cash rebates. The HKMA sets loan-to-value (LTV) caps and requires a stress test on borrower income. The Hong Kong Mortgage Corporation runs a Mortgage Insurance Programme that lets qualified buyers borrow above standard LTV limits for a premium.

Benefits

Access to ownership — spreads an otherwise unaffordable purchase over decades.

Competitive pricing — HIBOR-based rates plus cash rebates keep effective costs low for prime borrowers.

Flexible structures — options include mortgage-linked deposit accounts that offset interest.

High LTV routes — the Mortgage Insurance Programme helps first-time buyers with smaller deposits.

Long tenor — terms up to around 30 years keep monthly repayments manageable on high-value properties.

How to choose

Compare the effective rate after cash rebate, the HIBOR-plus spread and the Prime-linked cap, plus any mortgage-linked savings offset. Check the LTV you qualify for, the stress-test buffer, penalty periods for early repayment or refinancing, and valuation and legal fees. Weigh whether a rebate that must be repaid if you refinance early actually suits your plans.

Leading providers in Hong Kong

Bank of China (Hong Kong) and HSBC Hong Kong are the largest mortgage lenders, with Hang Seng Bank, Standard Chartered HK and DBS Hong Kong close behind; Chong Hing Bank and Wing Hang serve niche and mid-market borrowers. Rates and rebates move frequently and are broadly similar across the majors, so the deciding factors are often rebate size, offset features and service speed.

What it costs

Effective mortgage rates in the current market broadly range from about 1.25% to 2.75%, depending on HIBOR movements, the Prime cap and your profile. On top of interest, budget for stamp duty (which can be substantial), the Mortgage Insurance Programme premium if borrowing at high LTV, legal fees, valuation and fire insurance. Cash rebates offset some upfront cost but may be clawed back on early refinancing.

Protections and regulation

Mortgage lenders are authorised institutions supervised by the HKMA, which sets prudential LTV and debt-servicing rules and mandates the borrower stress test to protect against rate rises. The Code of Banking Practice governs disclosure of rates, fees and rebate clawback terms. The Hong Kong Mortgage Corporation, a government-owned body, administers mortgage insurance for higher-LTV lending.

Common questions

HIBOR or Prime? — Most loans are HIBOR-based with a Prime-linked cap; you pay the lower of the two.

What deposit do I need? — Standard LTV caps require a sizeable deposit; the Mortgage Insurance Programme can raise the borrowing limit.

Can I refinance for a new rebate? — Yes, but check the penalty period and rebate clawback before switching.

What is the stress test? — The HKMA requires lenders to check you could still afford repayments if rates rose, which can limit how much you borrow.

Do I pay stamp duty? — Yes; property purchases attract stamp duty that can be substantial, separate from the mortgage itself.

Mortgages in Hong Kong — FAQ