Steps to Buying a Home

Follow these 6 steps to complete your home purchase journey


Step 5: Choose the right mortgage

Compare the benefits of our different mortgage plans and choose the right mortgage to suit your needs:

Your Situation: With cash on hand and
have regular savings
First-time home buyer or
with limited budget
(cannot afford a 40%
down payment)
Can afford to
manage fluctuations
in the repayment
Prefer a more stable
repayment plan
Have an existing
mortgage with
Standard Chartered
or other banks
Residential property owners
planning for retirement and
stable cash flow
Mortgage Plan:
Mortgage $aver
Key Benefits: Maximise your
interest savings
Greater financial
Interest rate
that stays on top
of the market
More control over
your interest expenses
Adjusting to your
changing needs
Regular stream of
monthly payouts
Have the interest earned
from your deposits offset
your mortgage expense by
reducing the Mortgage
Loan outstanding principal
Borrow up to 90%
of the property value,
making a wider range
of properties affordable
Save interest by
enjoying a low interest
rate when the HIBOR
market rate is low
Enjoy a more
stable interest rate
Lower your payments,
pay off your loan faster,
consolidate your debts
or free up funds
Remain as the owner
and live in the property
for the rest of your life
while no repayment
during lifetime
More Details »

To borrow or not to borrow? Borrow only if you can repay!

Mortgage $aver

Consolidate your mortgage loan account and current account to save on mortgage interest expense.

Mortgage $aver
Loan Account
Same Interest Rate#
(HIBOR-based) arrow

Mortgage $aver
Current Account
Deposit interest goes towards reducing the mortgage loan outstanding principal each month

  • Deposits in the Mortgage $aver Current Account enjoys the same interest rate as your mortgage loan#
  • Interest earned from your deposits directly offsets the mortgage loan outstanding principal, so your total mortgage interest expenses will be saved
  • Deposit or withdraw funds from your Mortgage $aver Current Account at anytime
  • Deposits in the Mortgage $aver Current Account are deposits qualified for protection under the Deposit Protection Scheme in Hong Kong. Standard Chartered Bank (Hong Kong) Limited is a member of the Deposit Protection Scheme in Hong Kong. Eligible deposits taken by this Bank are protected by the Scheme up to a limit of HK$500,000 per depositor.

# The maximum deposit amount that can earn interest at the same rate as the mortgage loan interest rate is capped at our pre-determined percentage of the mortgage loan outstanding principal, any deposit in excess of that amount will not earn any interest.


Suppose you would like to borrow a loan amount of HK$3,000,000.

Mortgage loan amount HK$3,000,000
Mortgage loan tenor 20 years
Mortgage loan interest rate 1.91% p.a.
Initial deposit HK$120,000
Monthly savings HK$1,500
  Mortgage $aver Your current conventional mortgage plan
(a) Original mortgage loan interest expenses HK$611,855 HK$611,855
(b) Deposit interest earned HK$93,138
(Deposit annual interest rate
equals your existing mortgage loan interest rate)
(Based on HKD deposit interest rate
of 0.01% p.a.)
(c) Mortgage interest expenses saved as a result
of reducing the mortgage loan outstanding
principal with deposit interest accrued from savings
HK$8,811 NIL
Net interest expenses (a-b-c) HK$509,906
(Save 16%)

The above example is based on the assumptions below and is for reference only.

  • Assuming that you:
    1. Deposit HK$120,000 on the date when setting up Mortgage $aver AND
    2. Deposit HK$1,500 into the Mortgage $aver Current Account on a monthly basis AND
    3. No withdrawal is made during the entire mortgage loan tenor AND
    4. Repay monthly instalment on schedule according to the Bank’s calculation
  • The above example does not take into account any fees (including arrangement fee, annual fee, and other charges (if any)) in the calculation.

Important Notes

  • Arrangement fee and Perpetual annual fee of Mortgage $aver are HK$2,000 and HK$500 respectively.
  • The interest accrued (if any) on the Eligible Deposit shall be applied towards reducing the Mortgage loan outstanding principal on a monthly basis.
  • Terms and conditions apply. For details, please contact our branch staff.


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