MORTGAGE CALCULATOR

ASSUMPTIONS

  • Net Purchase Price #

  • Mortgage Loan

    % or $

  • Year of Birth

  • of the Borrower or Guarantor (if any) (whoever is younger)

  • Loan Tenor (years) ^

  • Mortgage Interest Rate

From Mths % or %
From Mths % or %
(“P” means the prime rate quoted by the lender concerned from time to time, which is subject to fluctuation.)

RESULT

Estimated Monthly Instalment

1st - th Month

 

th - th Month

 

Allowable maximum loan tenor (years) ^

 

Min. Monthly Income Requirement *

 

# “Net puchase price” means the purchase price of the property after deducting the amounts of all applicable discounts and/or cash rebates from the price set out in the price list concerned (if applicable). Please refer to the price list concerned for details of discounts/cash rebates.

^ The sum of loan tenor in years and the age of the borrower or guarantor (if any) (whoever is younger) shall not exceed 75 in any event.

* The minimum monthly income requirement is calculated based on the amount of the monthly repayment of the highest interest rate period.

The information above is for reference only. No warranty or representation is given by New World Development Company Limited or its subsidiary(ies) providing the property mortgage loan (the “Finance Company(ies)”) as to its accuracy, completeness and /or fitness for a particular purpose. For details of the mortgage plan offered the Finance Company concerned (including but not limited to the maximum loan amount, maximum loan tenor and applicable interest rates, etc.) , please refer to the related price list of the Development concerned. Any mortgage loan application and the terms and conditions for the loan including but no limited to the final interest rate, monthly instalments, loan tenor, handling fee and income required are subject to final approval of the lender concerned.

Property mortgage loan will be provided by subsidiary(ies) of New World Development Company Limited (the “Finance Company(ies)”). Each Finance Company does not offer, sell or promote the sale of any residential property to any person. For information regarding any development, please refer to the sales brochure and sales documents relating to that development.

The information contained in this webpage is for reference only. No warranty or representation is given by New World Development Company Limited or any Finance Company as to its accuracy, completeness and/or fitness for a particular purpose. A prospective borrower is advised to enquire with the Finance Company concerned on details of the terms and conditions of the mortgage, approval conditions and application procedure and fees before applying for the mortgage. Irrespective of whether any loan is granted or not, the property purchaser shall complete the purchase of the property and shall pay the full purchase price in accordance with the agreement for sale and purchase concerned. The terms and conditions of the mortgage and whether or not the mortgage application is approved are subject to the final decision of the Finance Company and the Finance Company may decline any application without assigning any reason. The mortgage loan is subject to other terms and conditions as may from time to time stipulated by the Finance Company.