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Mortgage $aver matches your deposit interest rate to your mortgage interest rate, and maximize your interest savings

hands holding a piggy bank and a house model

Mortgage $aver matches your deposit interest rate to your mortgage interest rate, and maximize your interest savings

Mortgage $aver

Standard Chartered Mortgage $aver is a home loan solution that interest earned from deposit offsets the outstanding balance of mortgage to help you pay off your mortgage earlier.

Mortgage $aver

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Suppose you would like to borrow a loan amount of HK$4,000,000

Mortgage loan amount HK$4,000,000
Mortgage loan tenor 20 years
Mortgage loan interest rate 4.125%* 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$1,880,481 HK$1,880,481
(b) Deposit interest earned HK$ 215,298
(Deposit annual interest rate
equals your existing mortgage loan interest rate)
(Based on HKD deposit interest rate
of 0.875% p.a.)
(c) Mortgage interest expenses saved as a result
of reducing the mortgage loan outstanding
principal with deposit interest accrued from savings
HK$ 43,622 NIL
Net interest expenses (a-b-c) HK$1,621,561
(Save 11%)

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

  • Assuming that you:
    – Deposit HK$120,000 on the date when setting up Mortgage $aver AND
    – Deposit HK$1,500 into the Mortgage $aver Current Account on a monthly basis AND
    – No withdrawal is made during the entire mortgage loan tenor AND
    – 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


Deposit Protection Scheme Brief Terms and Conditions in English and Chinese

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