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<HK Home>HSBC Hikes Mortgage Rebate to 1% for 1st-hand Properties with Min. Loan $10M: Report
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HSBC has uplifted its mortgage rebate to 1% starting today (9th), while the other three major local banks have not followed suit and maintained their rebate at around 0.7%, HK01 reported, citing market sources. Therefore, HSBC's rebate level is the highest among major banks at the moment. Following the approval of Hang Seng Bank's privatization resolution, HSBC immediately raised the mortgage rebate, report told. However, several conditions must still be met, including a minimum loan amount of HKD10 million, the establishment of a wealth banking account, and the restriction to first-hand properties only. Analysts believed it is likely that these restrictions may be relaxed in the future. AASTOCKS Financial News Website: www.aastocks.com |
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