Mortgage Ratio Guide

Updated: Aug 2020, the mortgage percentage of non-residential property is increaded from 40% to 50%. Updated: October 2019, the mortgage percentage of first-time home buyers in Policy address is amended by HK Gov. It can be borrowed up to 90% of a property's value to max. of HKD8 million and up to 80% for HKD10 million property

Maximum of mortgage percentage(without the Mortgage Insurance Programme)

	Residential property				Non-residential property
	Self-occupied		Acquired in the name of a company or non-self-occupied		Non-residential property
Source of income	Hong Kong	Outside Hong Kong	Hong Kong	Outside Hong Kong	Hong Kong	Outside Hong Kong
Loan applicant do not have any mortgage in Hong Kong
At or below HKD10million	60% (Maximum HKD5million)	50% (Maximum HKD4million)	50%	40%	40%	30%
Over HKD10million	50%	40%	50%	40%	40%	30%
Net Asset Value (Regardless of property value)	40%				30%
Loan applicant with one or more pre-existing mortgage in Hong Kong
At or below HKD10million	50% (Maximum HKD4million)	40% (Maximum HKD3million)	40%	30%	30%	20%
Over HKD10million	40%	30%	40%	30%	30%	20%
Net Asset Value (Regardless of property value)	30%				20%

Maximum of mortgage percentage(with the Mortgage Insurance Programme)

Property value	Maximum of mortgage percentage
<=HKD8million (Only for first-time home buyers and regularly salaried)	90%
>HKD8million to <HKD9million (Only for first-time home buyers and regularly salaried)	80% to 90% (Maximum HKD7.2million)
>=HKD9million to <=HKD10million	80%

PS. Property value which over HKD4million, loan applicant need to pay additional 15% premium)

PS. Non-Hong Kong residents cannot apply Mortgage Insurance Programme

PS. Maxmimun of The debt servicing ratio is 50%

Mortgage percentage assessed based on the net worth of a mortgage applicant

Property	Maximum of mortgage percentage
First property	40%
Second property	30%

OK

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