Mortgage Loan Plans

A mortgage loan is a type of secured loan that an individual can apply to purchase a home or property. Once the loan is approved by the financial institution, the individual must repay it during the loan repayment duration.

Many home mortgages in Hong Kong are either based on our Hong Kong Dollar Prime Rate (P) or Hong Kong Interbank Offered Rate (HIBOR).

• Submit online enquiry form and our mortgage sales manager will contact and follow up with you regarding your enquiry.
• Complete mortgage application form and submit the required documents to start with mortgage application process.
• Once your application is received, Bank will arrange for a valuation of the property you intend to buy.
• Bank will prepare your mortgage terms based on the valuation result and your repayment ability.

If the bank approved your mortgage, then it will proceed with the following:

• Sign the confirmation letter with mortgage
• Send instruction letter to the corresponding solicitor firm to prepare mortgage deeds

After the solicitor firm signs the necessary contracts, it will notify the bank. Once that is done, the mortgaged amount will be passed by the bank to the seller's solicitor firm to complete the transaction.

The customer will also be provided with a copy of the repayment schedule.

The following are examples of documents required by the bank for a mortgage application:
If applying in the name of an individual

• HKID or passport of borrower and guarantor (if applicable)
• Temporary Sales Agreement (for new purchase)
• Latest repayment schedule or latest 3 months' mortgage repayment record (for refinance)
• Latest 3 months' payroll record shown on bank passbook or statement
• Latest tax demand note/ latest tax return / employment letter

If applying in the name of a shell company^*

• HKID or passport of personally guaranteed shareholder
• Temporary Sales Agreement (for new purchase)
• Latest repayment schedule or latest 3 months' mortgage repayment record (for refinance)
• Business Registration / Certificate of Incorporate
• List of Directors / Records documenting the transfer of shares
• Documents showing share distribution

^* Applications in the name of a shell company are not accepted under the Mortgage Insurance Program.

Remarks: The documents listed above are for reference only. Citibank has the right to request additional documents depending on the information provided by each application. Please contact Citibank for details.

You can click “online enquiry”, visit any Citibank branch or browse this website for more information.