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Enjoy up to 60% deposit cap for deposit linked mortgage plan in the first 3 years¹˒² + Promotional Offer of up to HKD6,888 extra cash rebate

Green Mortgage Plan
Green Mortgage Plan

Enjoy up to 60% deposit cap for deposit linked mortgage plan in the first 3 years¹˒² + Promotional Offer of up to HKD6,888 extra cash rebate

Green Mortgage

Standard Chartered Mortgage Service — Building a greener future together

Standard Chartered is committed to making banking services greener and more sustainable. Together with us, you can start your Green Banking journey through your first green mortgage. There are over 600 sustainability certifications for products and buildings being used in the world today and Hong Kong Green Building Council (HKGBC) is one of the most renowned organizations which provides certifications to sustainable buildings in Hong Kong.

BEAM Plus, which is recognized by HKGBC, is Hong Kong’s leading initiative to offer independent assessment of buildings’ sustainability performance with a balanced scale in the area of Environmental Sustainability, Economic Sustainability and Social Sustainability that can fulfill the Bank’s Green and Sustainable Product Framework.

BEAM Plus scheme is a comprehensive evaluation system, covering three main pillars for sustainable development:
Environmental Sustainability
Social Sustainability
Economic Sustainability
• Reduce carbon emission

• Pollution control

• Healthy and active lifestyle

• Inclusive Design

• Cost of lift cycle

• Durability and toughness

(Based on the examples of elements from BEAM Plus New Buildings 2.0)

Eligibility
  • Any new mortgage under Standard Chartered with mortgaged residential buildings (including first-hand, second-hand properties and government subsidised flats)  possessing a valid Gold or Platinum rating under BEAM Plus New/ Existing Buildings, as displayed on HKGBC website (www.hkgbc.org.hk).

  • The minimum loan amount for enjoying the Green Mortgage offer is HKD1,000,000.
  • The eligibility and offer details may change from time to time. In case of disputes, the Bank’s decision shall be final and binding.
Privilege 1: Preferential savings rate for deposit linked mortgage account
  • Deposit cap up to 60% of mortgage loan outstanding for the first 3 years (to be resumed to 50% thereafter)
  • Deposits in mortgage deposit linked account to earn the same interest rate as your mortgage
Privilege 2: Up to HKD6,888 cash rebate
  • HKD6,888 cash rebate for loan size HKD5,000,000 or above
  • HKD3,888 cash rebate for loan size from HKD1,000,000 to below HKD5,000,000
Example:

Assume a mortgage loan amount of HKD5,000,000 with a loan tenor of 20 years at 2.5%* p.a.:

Conventional prime-based mortgage plan with mortgage deposit linked features
Standard conventional prime-based mortgage plan with deposit under savings account
With 60% deposit Cap for the first 3 years, and 50% deposit cap thereafter under Green Mortgage With 50% deposit Cap
Initial deposit HKD3,000,000 HKD3,000,000 HKD3,000,000
Deposit rate (p.a.) 2.5% 2.5% 0.001%
Total mortgage interest expenses in first 3 years (A) HKD353,395 HKD353,395 HKD353,395
Total deposit interest earned in first 3 years (B) HKD212,037 HKD176,698 HKD90
Net interest expenses in first 3 years (A) – (B) HKD141,358

Save HKD212,037 / (60% less)

HKD176,698

Save HKD176,698 / (50% less)

HKD353,305

The above example is based on the assumptions below and does not take into account any fees and any interest rate change. This is for reference only.

*Based on the Hong Kong Dollar Prime Rate of the Bank (5.25%p.a. as of 1 September 2021) minus 2.75%p.a.

Assuming:

• Deposit HKD3,000,000 to mortgage deposit linked account on drawdown date of mortgage loan AND

• No withdrawal during the entire mortgage loan tenor AND

• Repay monthly instalment on schedule according to the Bank’s calculation

Notes:

  1. If you have a mortgage facility with the mortgage deposit linked feature, the deposit in your mortgage deposit linked account (up to our pre-determined percentage of the mortgage loan outstanding principal) will accrue the same interest rate that applies to your mortgage loan outstanding principal on any particular day. The interest accrued (if any) on your mortgage deposit linked account will be credited to your mortgage deposit linked account monthly or at other regular intervals that the Bank determines.
  2. If you have a mortgage facility with the mortgage $aver feature, the deposit in your Mortgage $aver current account (up to our pre-determined percentage of the mortgage loan outstanding principal) will accrue the same interest rate that applies to your mortgage loan outstanding principal on any particular day. The interest accrued (if any) on the Eligible Deposit shall be applied towards reducing the Mortgage loan outstanding principal on a monthly basis. The deposits in excess of the upper limit will receive no interest.

Terms and Conditions

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