HOME SMART MORTGAGE

Save on interest and own your home faster.

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A man opening the door to his new home

What is Home Smart Mortgage?

Under a Citibank Home Smart Mortgage, you can use your monthly salary, savings and even bonuses as extra repayment. You will benefit from lower interest costs and a shortened loan repayment period.

You can make extra payments as many times as you want. You will be able to pre-close your loan by utilizing your idle cash. You will be also paying a lower interest cost to save more!

Citibank Home Smart Mortgage Plan Features & Benefits

  • Apply in the name of an individual or a shell company
  • Bundled with a Prime-Based Mortgage plan
  • Make extra repayment or withdrawal as often as you want
  • Extra repayment will be deducted from the outstanding principal to lower your interest expense and shorten the loan tenor at any time
  • Key Facts Statement (KFS) for Mortgage Loan
  • Bundled with a Prime-Based Mortgage plan
  • Allows you to make extra repayment or withdrawal as often as you want
  • Extra repayment will be deducted from the outstanding principal to lower your interest expense and shorten the loan tenor at any time
  • Key Facts Statement (KFS) for Mortgage Loan
Welcome Offers
  • Enjoy HK$500 in cash rebate for online application
  • Drawdown offer: Up to 1% cash rebate; Free fire insurance for the 1st yearΔ
Benefits
  • Bundled with a Prime-Based Mortgage plan
  • Allows you to make extra repayment or withdrawal as often as you want
  • Extra repayment will be deducted from the outstanding principal to lower your interest expense
  • You may shorten the loan tenor at any time
  • A flexible plan for customers to make use of idle cash
How To Apply

How to apply for Home Smart Mortgage

If you wish to apply for a Home Smart mortgage by Citibank, you must follow the steps mentioned right below:

  • 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.

Required documents

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 Mortgage Insurance Program.

  • A person using Citibank app to enquire about property valuation
  • A toy house

Act Now

Get expert advice to address mortgage enquiry in just one business day!*

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

Remarks:Remarks:

  • Δ
    First year fire insurance waiver is subject to the decision of Citibank (Hong Kong) Limited.
  • *
    Our Mortgage Sales Manager will respond to enquiries within the next business day (excluding Saturdays, Sundays and Public Holidays).

Terms and Conditions:Terms and Conditions:

  • Citibank Home Smart is a fixed installment account. Should interest rates change, the loan tenor will be lengthened or shortened automatically. Citibank (Hong Kong) Limited reserves the right to make all final decisions relating to this account.
  • Upon successful application, a checking account will be opened in conjunction with the mortgage account. Should the application subsequently be cancelled, this checking account will automatically be terminated.
  • An upper limit on the extra loan repayment amount will apply to the Citibank Home Smart account. For further details on the terms and conditions of Citibank Home Smart, please contact Citibank.
  • Home Smart Account is not a protected deposit account and is not protected by the Deposit Protection Scheme in Hong Kong.
  • Actual interest rate, repayment period and interest expense are depending on customer's existing loan details and Citibank's final approval of loan amount and interest rate. Please contact Citibank for details.
  • The sum of money, interest expenses and repayment period in all the examples are rounded to the nearest unit. Quoted savings rates and money amounts are limited to unit place.
  • Citibank (Hong Kong) Limited reserves the right to amend the terms and conditions of the above mortgage plans without prior notice.
  • Citibank (Hong Kong) Limited reserves the right of the final approval of all loan applications. For further details of terms and conditions applying to any mortgage plans, please contact Citibank.
  • In the event of any discrepancy between the English and Chinese versions of this leaflet, the English version shall prevail.