Earn Asia Miles with mortgage loan drawdown
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Having a mortgage with Standard Chartered is now more exciting than ever with the Asia MilesTM rewards!
Based on the subsidy entitlement, you can choose to receive the subsidy in Miles, cash or a combination of both. Asia Miles will be awarded for every HKD100,000 of Eligible Loan Amount. The below table lists an example of Mortgage Drawdown Subsidy mortgage for new purchased properties for reference:
|
LOAN AMOUNT
|
TOTAL MORTGAGE DRAWDOWN SUBSIDY IN ASIA MILES
|
TOTAL MORTGAGE DRAWDOWN SUBSIDY IN CASH
|
TOTAL MORTGAGE DRAWDOWN SUBSIDY IN ASIA MILES & CASH*
|
|---|---|---|---|
| HKD4,000,000 | 80,000 Asia Miles | HKD8,000 | 40,000 Asia Miles + HKD4,000 |
* Assume Eligible Client assigns HKD100,000 as the Asia Miles Eligible Loan Amount to convert Asia Miles.
* Assume for a mortgage loan amount of HKD4,000,000, mortgage rate is as low as the Bank’s Hong Kong Dollar Prime Rate minus 2.00%p.a. or 1-month Hong Kong Interbank Offered Rate (HIBOR) plus 1.3%p.a. Rate quoted as an indicative information only.
