NCB (China) "All-You-Want" Mortgage Scheme offers you a flexible mortgage which can save interest expenses and shorten the repayment period by making extra payments whenever you like.
Privileged services
You can apply "All-You-Want" through our designated branches to enjoy the following privileges:
- Flexible deposits with interest saving
- Reducing the outstanding net balance of your mortgage loan by placing deposits into your "All-You-Want" account whenever you want without early repayment penalty.
- Mortgage interest is calculated based on the outstanding net balance of your mortgage loan enabling you to save interest expenses and shorten the repayment tenor.
(Net Balance = Mortgage Balance - Deposits Balance)
- Convenient withdrawals
- To meet your financial or investment needs, you can withdraw extra deposits anytime from your "All-You-Want" account.
- Handling charge & annual fee waiver
- Waiver on handling charge and annual fee means you can save more.
Other Attractive Features
- High loan amount with long repayment period
- Loan amount of up to 80% of the transaction amount or the property valuation amount (whichever is lower)
- Repayment period of up to 30 years
- Various options of loan currencies
- Loan currencies in CNY, HK dollar and US dollar are available for your choice
Example (For Reference Only)
| Loan amount | : | CNY 200,000.00 |
| Annualized mortgage interest rate | : | 6.12%p.a |
| Repayment period | : | 20 years (240 installments) |
| Monthly repayment | : | CNY 1,446.74 |
| Deposit amount of "All-You-Want" Mortgage Scheme upon the next day after the first repayment date | : | CNY 50,000.00 |
| Savings interest rate | : | 0.36%p.a |
*Assume the deposit amount is kept unchanged along the repayment period
| "All-You-Want" Mortgage Scheme | General Mortgage Plan | |
|---|---|---|
| Mortgage interest rate | 6.12%p.a | 6.12%p.a |
| Monthly repayment | CNY 1,446.74 | CNY 1,446.74 |
| Total mortgage interest expenses | CNY 72,400.64 | CNY 147,218.66 |
| Total interest income | CNY 3,600.00 | CNY 3,600.00 |
| Actual repayment period | 189 installments | 240 installments |
| Your saving on interest expenses | CNY 74,818.02 (Saving interest expenses up to 50%) |
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For enquires, please call or visit the designated branches and sub-branches of NCB (China).
Remarks:- The mortgage account and "All-You-Want" Mortgage Scheme must be maintained in the same currency. The "All-You-Want" Mortgage Scheme should be designated as the loan repayment account.
- The deposits in "All-You-Want" Mortgage Scheme will be treated as early repayment, only if the account balance reaches the designated amount or more.
- If the installment payment under your mortgage account has been overdue, the deposits in "All-You-Want" Mortgage Scheme will not be treated as early repayment. Under such circumstance, the deposits in "All-You-Want" Mortgage Scheme will be handled as normal saving account for interest calculation.
- The above information is for reference only. The final terms and conditions of the mortgage loan and "All-You-Want" Mortgage Scheme will be governed by the Facility Letter and any relevant documents signed between the mortgage loan applicant and NCB (China).
- NCB (China) reserves the right for the final approval of mortgage loan and "All-You-Want" Mortgage Scheme application.
