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HANG SENG BANK to Increase Mortgage Penalty Fees in Aug
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Starting from August, HANG SENG BANK (00011.HK) will adjust three fees related to mortgage loans, including introducing a new guarantor change fee of $1,000 each time. The charge for early repayment of part of the loan within the first 2 years will be set at 0.9% of the loan amount or $800, whichever is higher. Furthermore, if customers repay more than 90% of the loan in advance, it will be treated as an early redemption fee. The early redemption fee for the first year will be increased to 1.8% of the original loan amount, with a minimum charge of $50,000. Meanwhile, individual item fees of personal loans will be increased, but individual account service fees will be waived. AASTOCKS Financial News Website: www.aastocks.com |
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