Hang Seng Bank unveils fixed rate mortgage plan

Interest rates can be as low as 1.8% per annum.

In a release, Hang Seng Bank has launched a Fixed Rate Mortgage Plan that offers customers the opportunity to enjoy a fixed interest rate for up to four years from mortgage drawdown. Depending on the fixed interest rate period of the mortgage loan, the mortgage fixed interest rate can be as low as 1.8% per annum. 

The Hang Seng Fixed Rate Mortgage Plan further diversifies the Bank’s range of mortgage solutions and can help customers with their financial planning by guarding against fluctuations in market interest rates.

Customers who successfully apply for the Hang Seng Fixed Rate Mortgage Plan on or before 30 June 2013 can enjoy a fixed interest rate of between 1.8% and 2.4% per annum (see table below). The subsequent mortgage rate will be Prime Rate minus 2.6% per annum.

The Hang Seng Fixed Rate Mortgage Plan is applicable to purchases of primary and secondary market residential properties as well as refinancing mortgages. 

The Plan is also applicable to the Mortgage Insurance Programme. The minimum mortgage loan amount is HKD1 million with a maximum loan tenor of 30 years.

Hang Seng provides a diverse and convenient range of mortgage service channels. Customers can visit Hang Seng Mortgage Centres, branches, the Hang Seng Bank homepage (www.hangseng.com) or Personal e-Banking, or call the Secured Loans Hotline on 2710 2288 to submit mortgage applications. 

Customers who successfully apply for a mortgage loan and become Prestige or Preferred customers from now until 30 June 2013 will receive a bottle of selected French red wine.