apply

Mortgage Loan Transfer

man

Mortgage Loan Transfer

Only the original property loan contract
is required for loan transfer to Hong Kong Finance.
It is ensured with a better loan interest rate.
A higher loan amount and a free of transfer fee are also offered
to help you save the heavy expenses from interest.

Interest rate is reduced by 30%
Loan amount can be raised
Daily calculation of interest, borrow and repay whenever you want
Exempt from income proof, stress test and credit report
Exempt from valuation fee, legal fee and handling fee

Remark: The actual loan amount, interest rate and other conditions are subject to the loan documents accepted and signed by the client. Hong Kong Finance Company Limited reserves the right to make the final decision in case of disputes.

Loan amount
$
Interest rate (per annum)
%
Repayment period (months)
months
Monthly installment 0

If the address search on the left does not return the required address, please contact us for property valuation via E-mail.

Case sharing

happy girl

Mortgage loan transfer for a lower Interest

Mr. Li urgently required a cash from mortgage of his self-occupied property. Being a self-employed designer, he was lack of income proof that the bank could not grant the loan. He thus rushed for a loan from a financial company without doing any research, and finally suffered high administration fee and interest. Later, he heard from friend that Hong Kong Finance was professional, reliable and flexible on loan services. Thus, he transferred his loan to Hong Kong Finance to enjoy a lower interest which was also free from administration fee.

happy girl

Mortgage loan transfer for fund acquisition

Mrs. Chiang’s husband was engaged in international trade business. Due to the deterioration of the international trade environment in recent months, the cash flow was very tight. Initially she planned to cash out $2 million from her existing loan company. However, the loan company rejected the request due to the economic situation. Referred by business partner, Mrs. Chiang transferred her loan to Hong Kong Finance to acquire extra fund. Her interest expense was also reduced after enjoying a lower interest rate from Hong Kong Finance.

Mr. Li urgently required a cash from mortgage of his self-occupied property. Being a self-employed designer, he was lack of income proof that the bank could not grant the loan. He thus rushed for a loan from a financial company without doing any research, and finally suffered high administration fee and interest. Later, he heard from friend that Hong Kong Finance was professional, reliable and flexible on loan services. Thus, he transferred his loan to Hong Kong Finance to enjoy a lower interest which was also free from administration fee.

Mrs. Chiang’s husband was engaged in international trade business. Due to the deterioration of the international trade environment in recent months, the cash flow was very tight. Initially she planned to cash out $2 million from her existing loan company. However, the loan company rejected the request due to the economic situation. Referred by business partner, Mrs. Chiang transferred her loan to Hong Kong Finance to acquire extra fund. Her interest expense was also reduced after enjoying a lower interest rate from Hong Kong Finance.

FAQ

Why should I choose Hong Kong Finance?

Hong Kong Finance is a listed company subject to strict regulations and one of the top 10 providers of professional mortgage services in Hong Kong. We offer: a loan amount of 100% of increase in property value; exemption from income proof and stress test; zero default interest for early settlement; a flexible repayment period; a loan-to-value ratio of up to 80% of the value of any properties

Is there any fees to be charged during the Mortgage Loan Transfer application?

At Hong Kong Finance, loan application is absolutely free-of-charge, with no legal fee, handling fee or valuation fee. We will not charge any fees if the application is disapproved or cancelled, or if the loan is not confirmed and accepted at the end.

Are the loan applications processed by lawyers?

Yes. To ensure the delivery of high-quality, reliable and statutory mortgage services, we have commissioned a reputable law firm in Admiralty to handle the applications for us.

Can I apply for loans if I am self-employed or do not have a proof of income document?

Yes, you can apply for loans even if you are self-employed or have no proof of income document.

Can I apply for loans if I am over 65 years old or am retired?

Yes, there is no age limit for loan applications. You can apply anytime without having to submit any proof of income document.

Can PRC residents apply for loans?

PRC residents are eligible for loan applications by providing their identity card and passport as well as the information of their Hong Kong property.

If I want to apply for a loan on a jointly-owned property, do I need to obtain the consent of all the co-owners?

Yes, you cannot take out a loan on a jointly-owned property without the consent of all the co-owners. While the application can be lodged by one of the co-owners or a trustee, all the co-owners must be present at the law firm to sign off the official loan contract.

How long is the maximum repayment period?

The repayment period is very flexible and may range from one month to 20 years.

What are the documents required for Mortgage Loan Transfer application?

You only need to prepare the following documents: identity documents (e.g. Hong Kong Identity Card, passport or Home Return Permit), proof of address (e.g. recent demand for rates or management fee bill), monthly bank statement over the last three months or a facility letter issued by a financial institution.

How long does disbursement take after a loan application has been approved?

Usually, you can get your loan within 24 hours.

Can I apply for loans on a company-owned property?

Yes, you can do so as long as all the stakeholders agree to be guarantors.

What is the difference between interest-only and principal-and-interest repayments?

For interest-only repayments, borrowers pay the monthly interest and are only required to repay the principal in full after the end of term; meanwhile, a monthly principal-and-interest repayment includes both the interest and the principal, just as how mortgage repayments to banks are made.

Can I apply for a mortgage loan on old or tenement buildings?

Yes, you can. We accept loan applications on properties of any types and ages, including private domestic apartments, HOS flats whose owners have paid the land premium, tenement buildings, village houses, shops, industrial and commercial properties and car park spaces. You can easily convert the value of any properties into cash.

Why should I choose Hong Kong Finance?

Hong Kong Finance is a listed company subject to strict regulations and one of the top 10 providers of professional mortgage services in Hong Kong. We offer: a loan amount of 100% of increase in property value; exemption from income proof and stress test; zero default interest for early settlement; a flexible repayment period; a loan-to-value ratio of up to 80% of the value of any properties

How long is the maximum repayment period?

The repayment period is very flexible and may range from one month to 20 years.

Is there any fees to be charged during the Mortgage Loan Transfer application?

At Hong Kong Finance, loan application is absolutely free-of-charge, with no legal fee, handling fee or valuation fee. We will not charge any fees if the application is disapproved or cancelled, or if the loan is not confirmed and accepted at the end.

What are the documents required for Mortgage Loan Transfer application?

You only need to prepare the following documents: identity documents (e.g. Hong Kong Identity Card, passport or Home Return Permit), proof of address (e.g. recent demand for rates or management fee bill), monthly bank statement over the last three months or a facility letter issued by a financial institution.

Are the loan applications processed by lawyers?

Yes. To ensure the delivery of high-quality, reliable and statutory mortgage services, we have commissioned a reputable law firm in Admiralty to handle the applications for us.

How long does disbursement take after a loan application has been approved?

Usually, you can get your loan within 24 hours.

Can I apply for loans if I am self-employed or do not have a proof of income document?

Yes, you can apply for loans even if you are self-employed or have no proof of income document.

Can I apply for loans on a company-owned property?

Yes, you can do so as long as all the stakeholders agree to be guarantors.

Can I apply for loans if I am over 65 years old or am retired?

Yes, there is no age limit for loan applications. You can apply anytime without having to submit any proof of income document.

What is the difference between interest-only and principal-and-interest repayments?

For interest-only repayments, borrowers pay the monthly interest and are only required to repay the principal in full after the end of term; meanwhile, a monthly principal-and-interest repayment includes both the interest and the principal, just as how mortgage repayments to banks are made.

Can PRC residents apply for loans?

PRC residents are eligible for loan applications by providing their identity card and passport as well as the information of their Hong Kong property.

Can I apply for a mortgage loan on old or tenement buildings?

Yes, you can. We accept loan applications on properties of any types and ages, including private domestic apartments, HOS flats whose owners have paid the land premium, tenement buildings, village houses, shops, industrial and commercial properties and car park spaces. You can easily convert the value of any properties into cash.

If I want to apply for a loan on a jointly-owned property, do I need to obtain the consent of all the co-owners?

Yes, you cannot take out a loan on a jointly-owned property without the consent of all the co-owners. While the application can be lodged by one of the co-owners or a trustee, all the co-owners must be present at the law firm to sign off the official loan contract.

more