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Insurance Rate
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MORTGAGE INSURANCE PROGRAMME PREMIUM RATE SHEET
 
MORTGAGE INSURANCE PROGRAMME PREMIUM RATE SHEET
Table 1 – Insurance coverage from 60% LTV to 90% LTV
(Owner-Occupied Residential Property Loans – Floating Rate)
LTV Ratio Loan Tenor Single Premium Annual Premium Payment
(%) (Years) (% of the Original Principal Balance) First year (% of the Original Principal Balance) Renewal (% of the Original Principal Balance)

60% up to 80%

10 1.15 0.58 0.28
15 1.50 0.79 0.28
20 1.85 0.93 0.28
25 2.00 1.00 0.28
30 2.15 1.11 0.28

60% up to 85%

10 1.80 0.82 0.53
15 2.28 1.02 0.53
20 2.68 1.13 0.53
25 2.95 1.29 0.53
30 3.05 1.40 0.53

60% up to 90%

10 2.60 1.09 0.77
15 3.18 1.39 0.77
20 3.75 1.62 0.77
25 4.10 1.79 0.77
30 4.35 2.03 0.77
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$6 million
 
Table 2 – Insurance coverage from 50% LTV to 90% LTV#
(Owner-Occupied Residential Property Loans – Floating Rate)
LTV Ratio Loan Tenor Single Premium Annual Premium Payment
(%) (Years) (% of the Original Principal Balance) First year (% of the Original Principal Balance) Renewal (% of the Original Principal Balance)

50% up to 80%

10 1.20 0.60 0.29
15 1.68 0.88 0.29
20 2.05 1.03 0.29
25 2.28 1.14 0.29
30 2.45 1.27 0.29

50% up to 85%

10 1.88 0.85 0.55
15 2.48 1.11 0.55
20 2.90 1.22 0.55
25 3.18 1.39 0.55
30 3.35 1.54 0.55

50% up to 90%

10 2.80 1.18 0.83
15 3.50 1.53 0.83
20 4.00 1.72 0.83
25 4.38 1.91 0.83
30 4.60 2.14 0.83
# Only applicable to those applicants having any outstanding mortgages
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$6 million
 
Table 3 – Insurance coverage from 60% LTV to 90% LTV
(Owner-Occupied Residential Property Loans – Floating Rate)
LTV Ratio Loan Tenor Single Premium Annual Premium Payment
(%) (Years) (% of the Original Principal Balance) First year (% of the Original Principal Balance) Renewal (% of the Original Principal Balance)

60% up to 80%

10 1.32 0.67 0.32
15 1.73 0.91 0.32
20 2.13 1.07 0.32
25 2.30 1.15 0.32
30 2.47 1.28 0.32

60% up to 85%

10 2.07 0.94 0.61
15 2.62 1.17 0.61
20 3.08 1.30 0.61
25 3.39 1.48 0.61
30 3.51 1.61 0.61

60% up to 90%

10 2.99 1.25 0.89
15 3.66 1.60 0.89
20 4.31 1.86 0.89
25 4.72 2.06 0.89
30 5.00 2.33 0.89
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$10 million
 
Table 4 – Insurance coverage from 40%/50% LTV to 90% LTV
(Owner-Occupied Residential Property Loans – Floating Rate)
LTV Ratio Loan Tenor Single Premium Annual Premium Payment
(%) (Years) (% of the Original Principal Balance) First year (% of the Original Principal Balance) Renewal (% of the Original Principal Balance)
40%/50% up to 80% 10 1.38 0.69 0.33
15 1.93 1.01 0.33
20 2.36 1.18 0.33
25 2.62 1.31 0.33
30 2.82 1.46 0.33
40%/50% up to 85% 10 2.16 0.98 0.63
15 2.85 1.28 0.63
20 3.34 1.40 0.63
25 3.66 1.60 0.63
30 3.85 1.77 0.63

40%/50% up to 90%

10 3.22 1.36 0.95
15 4.03 1.76 0.95
20 4.60 1.98 0.95
25 5.04 2.20 0.95
30 5.29 2.46 0.95
# Only applicable to those applicants having any outstanding mortgages
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$10 million
 
*The amendments are updated on 16 Oct 2019. The above information is for reference only, and subject to the latest announcement of the banks and HKMC.
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