Application programming interface (API) is a computer programming approach for facilitating exchange of information and executing instructions between different computer systems. Open APIs refer to APIs that allow third party access to systems of an organisation.
Open API allows financial institutions to open up their internal IT systems and data for programmatic access by third-party service providers (TSPs) or their counterparts in an open and documented manner. Effective implementation of Open API enables, information of different banks’ products and services to be aggregated under the same website / application for comparison and financial planning by users with ease. Service providers may also make use of the open information to offer unique products and new customer experience.
| Bank | Plan | Offer | Rebate |
|---|---|---|---|
BOCHK
|
Prime-based Mortgage Plan |
Residential Properties as low as P-2.5% (P is the Bank's HKD Best Lending Rate, which is 5%p.a. currently) |
Up to 0.5% cash reward for residential properties |
| HIBOR Mortgage Plan |
Residential Properties as low as HIBOR+1.45%, cap at P-2.5% (P is the Bank's HKD Best Lending Rate, which is 5%p.a. currently) |
Up to 0.5% cash reward for residential properties | |
| Mortgage Insurance Programme |
Residential Properties HIBOR Mortgage Plan: as low as HIBOR+1.45%, cap at P-2.5% Prime-based Mortgage Plan: as low as P-2.5% (P is the Bank's HKD Best Lending Rate, which is 5%p.a. currently) |
Up to 0.5% cash reward for residential properties | |
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HSBC
|
HighAdvance Mortgage | Interest Rate: For HIBOR Plan: as low as H+1.45%, cap at P-2.5%. For Best Lending Rate Plan: as low as P-2.5%. (H and P refer to HIBOR and Best Lending Rate quoted by HSBC respectively.) | -- |
| Government Housing Schemes | Interest Rate: For Best Lending Rate Plan: as low as P-2.5%. (P refers to Best Lending Rate quoted by HSBC.) | -- | |
| Home Mortgage Loan | Interest Rate: For HIBOR Plan: as low as H+1.45%, cap at P-2.5%. For Best Lending Rate Plan: as low as P-2.5%. (H and P refer to HIBOR and Best Lending Rate quoted by HSBC respectively.) | -- | |
HangSeng
|
Conventional Mortgage Plan | In general, HIBOR Mortgage: H+1.35% (Cap at P-2.5%) | Case by case |
| Mortgage-Link Loan Scheme | In general, Prime-based mortgage: P-2.5% / HIBOR Mortgage: H+1.35% (Cap at P-2.5%) | Case by case | |
| Property Refinancing | In general, Prime-based mortgage: P-2.5% / HIBOR Mortgage: H+1.35% (Cap at P-2.5%) | Case by case | |
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Fubon Bank
|
Fubon Mortgage Plan for Government Home Ownership Scheme | Fubon Mortgage Plan for Government Home Ownership Scheme (the “Plan”) is only applicable to loan amount which is HK$500,000 or above (For loan amount below HK$500,000, Fubon Bank (the “Bank”) will consider the application on a case-by-case basis); Prime - 2.875% | -- |
| Fubon HIBOR Mortgage Plan _Individual | It is only applicable to loan amount which is HK$1,000,000 or above; mortgage loan amount equal or below 60% of the purchase price or the appraised value of the property (whichever is lower); Bank 1, 3 or 6 month HIBOR interest rate +1.3% or Prime rate - 2.875%; whichever is lower (for Residential Property) | -- | |
| Residential Mortgage Plan _Individual | It is only applicable to loan amount which is HK$500,000 or above; mortgage loan amount equal to or below 60% of the purchase price or the appraised value of the property (whichever is lower); Prime - 2.875% | -- | |
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Public Bank(HK)
|
Residential Property Mortgage Loan | As low as HKD Prime Rate - 2.75%p.a. | -- |
Wing Lung
|
Mortgage Insurance Programme | MIP providing mortgage insurance to banks, banks can provide mortgage loans with higher LTV ratio without incurring additional credit risk. As long as an application meets the relevant eligibility criteria (e.g. the maximum property value and the maximum loan amount, etc.), the bank can provide a mortgage loan of up to 80% LTV ratio under the MIP. | -- |
| Property Mortgage Service | We also offer tailored mortgage plans for properties for investment purposes, aged buildings, village houses/ units, tenement buildings and non-residential properties at preferential interest rate. | -- | |
| Reverse Mortgage | Reverse mortgage is a loan arrangement. It enables a borrower to use his residential property (or more than one property) in Hong Kong as security to borrow from a lender. Although the borrower mortgages his property in favour of the lender, he remains as the owner of the property and can continue to stay in the property for the rest of his life. | -- | |
China Citic Bank
|
Mortgage Plus | With "Mortgage Plus", your designated HKD Current Account is linked to your mortgage loan account, helping you save interest expenses and shorten the repayment tenor. Interest rate as low as Prime-2.75% OR Hibor+1.5%, cap at Prime-2.75%. | Up to 0.5% cash rebate |
| 90% Mortgage Plan | Mortgage Insurance Program with Interest rate as low as Prime-2.75% OR Hibor+1.5%, cap at Prime-2.75%. | Up to 0.5% cash rebate | |
| Hibor Rate-Based Mortgage Plan | Mortgage Plan based on Hong Kong Interbank Offered Rate (HIBOR). Interest rate as low as Hibor+1.5%, cap at Prime-2.75%. | Up to 0.5% cash rebate | |
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