Information last updated at HK Time: 2025/03/01 10:45:02 BOCHK’s Hong Kong Dollar Prime Rate:5.25000% For details of our mortgage services, pleaseclick here. Remarks: The above Hong Kong Dollar Prime Rate is an annual interest rate. ...
Hong Kong major banks followed with HSBC cutting its best lending rate in the city by 25 basis points to 5.625% effective Sept. 20, and Bank of China (Hong Kong) said it would cut its Hong Kong prime rate to 5.625% from 5.875% effective Sept. 23. "Even though uncertainty ab...
“When [the commercial banks of] Hong Kong do start to cut the [prime] rate, it will be positive for local businesses, and be supportive to our capital markets”, Paul Chan Mo-po, the Financial Secretary of Hong Kong, said. “The rate cut overnight in the US has started a new roun...
A modest increase in prime rate expected in Hong Kong At present, overall inflation remains moderate and banking deposits stay stable in Hong Kong, with a M3 money supply of HK$16.27 trillion in May this year. There isn’t an immediate need for Hong Kong to increase its...
Maximum Loan Period10 years Overall Interest RateHong Kong Prime Rate (as specified by The Hong Kong Mortgage Corporation Limited (“HKMC”) from time to time) minus 2.5% per annum Repayment Term The Loan shall be repaid by monthly instalments and be fully amortized by the end of the repayme...
Fixed interest rate GMR after the fixed-rate period 10-year 1.99% The then prevailing fixed mortgage rate or Hong Kong Prime Rate minus 2.35% 1st year: 3%2nd year: 2%3rd year: 1% 15-year 2.09% 20-year 2.19% Source: HKMC After that, the new rates are announced monthly. Currently, the...
Major Hong Kong banks followed with HSBC cutting its Hong Kong dollar best lending rate by 25 basis points and Bank of China (Hong Kong) also cutting its Hong Kong dollar prime rate by the same magnitude. "In light of another U.S. rate cut and factors including economic and ma...
Hang Seng Bank kept the Hong Kong dollar prime loan interest rate unchanged at 5.875%.The translation is provided by third-party software. The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ...
A mortgage plan with the Hong Kong Interbank Offered Rate (HIBOR) as the basis, provides better reflection of the interest rate market trends compared with the one using Hong Kong Dollar Prime Rate as the basis. The interest rate will purely follow the movement and simply follows the fluctuat...
Hong Kong major banks followed withHSBCcutting its best lending rate in the city by 25 basis points to 5.625% effective Sept. 20, andBank of China (Hong Kong)said it would cut its Hong Kong prime rate to 5.625% from 5.875% effective Sept. 23. ...