Fubon Incoming Talents Mortgage Plan

To help incoming talents and their dependents solve their housing problems and needs in Hong Kong, the " Fubon Incoming Talents Mortgage Plan" provides relevant mortgage information and services, allowing new incoming talents to easily build their ideal home in Hong Kong and achieve their home ownership plans!

Features

Loan amount up to 90% of the property value or appraised property value (whichever is lower) ^#

Repayment period up to 30 years

Assist in applying fire insurance and home insurance for the mortgaged property

Designated Mandarin hotline for "Fubon Incoming Talents Mortgage Plan" follow up by Mortgage Specialist directly
• (852) 6680 6091 Ms. Mak
• (852) 6971 2005 Ms. Ng
• (852) 6052 5600 Mr. Lau

^#Loan amount is subject to the threshold approved by the Hong Kong Monetary Authority. The mortgage loan exceeding 80% loan-to-value ratio under “Mortgage Insurance Program” is only applicable to regular salaried first time home buyers (not holding any residential properties in Hong Kong at the time of application) with debt-to-income ratio up to 50% and subject to relevant guidelines.

Value-added Services and Privileges

Cash rebate

One year fire insurance^* for free

Discount on home insurance* for the first year

Valuation fee waiver

Promotion Terms and Conditions:
i) The amount of the cash rebate will be subjected to factors such as property type, loan amount; ii) The 2nd year of fire insurance fee will be waived when the 1st year of fire insurance is purchased from our appointed insurance company. The waiver is subject to factors such as property type, age of property, etc. iii) To enjoy the discount on home insurance, relevant visa or entry permit for incoming talents to stay in Hong Kong is required (such as "Notification Slip for Entry Visa / Permit" or "Notification Slip for Conditions of Stay"). The Promotion is subject to relevant terms and conditions. If you have any inquiries, please feel free to contact us.

^*Zurich Insurance Company Ltd is the insurance underwriter of the above insurance plan and is authorized and regulated by the Insurance Authority. Zurich Insurance Company Ltd is solely responsible for all approvals, coverage and compensation under this policy and reserves the right of final approval and decision on such matters. Fubon Bank is the authorized insurance agency for Zurich Insurance Company Ltd, and is responsible for introduction of the insurance plans. The Plan is not the product of Fubon Bank. Fubon Bank is not responsible for any terms or obligations of the Plan.

Simple Steps of Application

Click here for online registration

(System Requirements Tips)

Call our Incoming Talents Mortgage Plan Hotline during office hours^*
• (852) 6680 6091 Ms. Mak
• (852) 6971 2005 Ms. Ng
• (852) 6052 5600 Mr. Lau

We will serve with best effort to meet different financial needs and build your dream house.

Monday to Friday: 9am to 7pm; Saturday: 9am to 1pm (Except public holidays).

To borrow or not to borrow? Borrow only if you can repay!

For various service charges for mortgage services, please click here for the List of Service Charges for Retail Banking Services.

Key Facts Statement for Residential Mortgage Loan

Notes:

Fubon Incoming Talents Mortgage Plan (the “Plan”) is only applicable to loan amount which is HK$500,000 or above (For loan amount below HK$500,000, the Bank will consider the application on a case-by-case basis). Actual loan terms will be specified in the documents to be signed by the customers.”

“Mortgage Insurance Program” is subject to the final approval from HKMC Insurance Limited or QBE Mortgage Insurance (Asia) Ltd. Applicant is responsible for the premium needed.

The above information is for reference only, the mortgage plans / privileges are subject to the requirements and related terms and conditions prescribed by the Bank. For details, please contact our Incoming Talents Mortgage Plan Hotline or Mortgage Hotline at 2806 7222 or the staff of the Bank.

The final terms and conditions of the mortgage will be governed by the Facility Letter and other relevant documents signed by the customers. The Bank may at its absolute discretion approve or reject any application for credit facilities and mortgage and may decline any application without assigning any reason.

The Bank reserves the right to suspend, vary or cancel the mortgage plans / privileges and amend the relevant terms and conditions at its sole discretion at any time without prior notice. In case of disputes, the decision of the Bank is final and conclusive.

Features

Frequently Asked Questions

What kind of persons do “incoming talents” refer to?: Incoming talents refer to those who come to Hong Kong through the designated admission schemes, including:
1. General Employment Policy (GEP)
2. Admission Scheme for Mainland Talents and Professional (ASMTP)
3. Quality Migrant Admission Scheme (QMAS)
4. Immigration Arrangements for Non-local Graduates (IANG)
5. Technology Talent Admission Scheme (TechTAS)
6. Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents (ASSG)
7. Top Talent Pass Scheme (TTPS)

What documents are required for incoming talents to apply for a mortgage?

Eligible incoming talents generally need to provide:
1. Identity documents;
2. Provisional sale and purchase agreement; and
3. Relevant income proof documents (details as below)

Job Nature	Generally required documents
Employee	3-6 months deposited salary in bank records Tax bill or tax payment certificate Company contract, letter of appointment Professionals: Practicing Certificate
Self-employed	Business license Tax bill or tax payment certificate Income from Overseas or Mainland China: capital verification report in the past year Audit reports and financial statements for 1 to 2 years Bank current account records for the past 6 months

What are the criteria for approving eligible incoming talents?: The approval criteria for eligible incoming talents have been aligned with those of local income earners. The applicant's " debt-to-income ratio" and "stress test" cannot exceed 50% and 60% respectively. If the property is for rental or has other mortgages, the " debt-to-income ratio" and "stress test" cannot exceed 40% and 50% respectively.

What is the tax rate for eligible incoming talents purchasing their first property in Hong Kong?: Holders of Mainland identity or non-Hong Kong passports who buy property for the first time in Hong Kong must pay 7.5% New Residential Stamp Duty (NRSD) and 7.5% Buyer's Stamp Duty (BSD).

Is there any tax exemption for eligible incoming talents?: The "Policy Address 2023" introduces the “suspension arrangement” of stamp duty for incoming talents' acquisition of residential properties.

If a "Sales and Purchase Agreement" is signed on or after 25 October 2023, and eligible incoming talents purchase residential properties in Hong Kong for the first time, they can apply to the Inland Revenue Department for suspension of stamp duty payment in respect of NRSD and BSD. Talents still need to pay the ad valorem stamp duty (“AVD”) at Scale 2 rates. If Talents subsequently fail to become a permanent resident of Hong Kong within 9 years after arriving in Hong Kong, they will have to pay the relevant tax (i.e. the difference between the total tax of NRSD and BSD minus the paid AVD).

Mortgage Services Hotline

2806 7222

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