Wing Fung Credit Limited

Mortgage Loan Services

First Mortgage

Loan-to-value ratio up to 85% without upper limit
No handling fee, legal fee and valuation fee
Repayment terms up to 30 years or payment of interest only in the first 3 years are both available
No restriction on property age regardless of the type of property
Simple procedures and successful approvals despite insufficient income proof
Daily interest calculation, no limit on early repayment amount or penalty for early repayment
Quick approval in 30 minutes and arrangement of loan withdrawals on the same day
Comprehensive service; applications can be made with completed properties or properties under construction, owner-occupied or rental property and by Hong Kong or non-Hong Kong residents
Reserved standby credit facilities for owners to flexibly fulfil their future funding needs; re-borrowing at any time if necessary without re-approval process: no withdrawal fees and interest for the reserved standby credit facilities

Note:

The repayment term, monthly repayments, interest rate and other conditions are subject to final approval and Wing Fung Credit Limited reserves the right to review and approve the loan amount, term and interest rate.
In accordance with the Money Lenders Ordinance, the annualized percentage rate does not exceed 48%. The final personalized interest rate varies according to the customer’s financial position. Flexible repayment tenor from 3 months up to 360 months. Calculated and based on a loan amount of HK$10,000 with annualized percentage rate of 12% and repayment period of 12 months, the monthly instalment is HK$888. The total repayment amount is HK$10,656 and the total interest of the loan is HK$656.