Institutions Involved
Existing Mortgage
Income Proof
Approval Speed
Title Deed Handling
Ideal For
Second mortgage (or Subordinate financing).
Unchanged first mortgage terms.
Stress test waived (Finance companies offer more flexibility).
Instant approval(as fast as 15 minutes for approval and 24 hours for funding).
Title deeds not required (retained by the first mortgagee).
Individuals needing urgent liquidity, having a low credit score (TU), or wishing to keep existing mortgage terms intact.
Internal refinancing (or Top-up loan).
Increased loan amount on the original basis.
Stress test required (must be re-passed).
Slow processing (takes 1–2 months).
Title deeds remain in the original bank's custody.
Individuals with stable income and no urgent cash needs who want to cash out on property appreciation.
New mortgage bank only (Existing loan is fully repaid).
Debt discharge (The old loan is fully repaid by the new bank's loan).
Stress test required (must be re-passed).
Slow processing (takes 1–2 months due to legal procedures).
Title deeds transferred from the original bank to the new bank.
Individuals seeking cash rebates or lower interest rates.
Discover common uses of second mortgages through real cases and see how our clients unlock financial flexibility.
Own a property and want to cash out for liquidity without redeeming your first mortgage? GICL's Property Second Mortgage Loan is your best choice. We offer an "Easy Cash-Out" solution where you don't need to surrender your title deed. While keeping your original bank mortgage, you can leverage the residual value of your property to obtain extra funds, helping you achieve your life goals or solve business cash flow needs.
Max Total LTV (1st + 2nd)
Interest Rate (p.a.)
Max. Repayment Tenor
Speed & Perks
70% - 80% of value
~6% - 10%
Tied to 1st mortgage (10-20 yrs)
Requires 1st bank consent, takes weeks
80% - 90% of value
~8% - 18% (risk-based)
Flexible 5 - 25 yrs
No deeds needed! 15-min approval, 24-hr payout
Income Proof
Approval Time
Cash Disbursement
Credit Rating (TU)
Property Age / Property Type
Early Repayment
Loan-to-Value (LTV) Ratio
3–6 months’ payslips, bank statements
2 Months
15-Minute Preliminary Approval*
HK identity card, property address
15-Minute Preliminary Approval*
24-Hour Cash Disbursement*
Fill out our online form or submit documents via WhatsApp/Email for a fast and easy start.
Processed instantly by our specialists, with preliminary approval results available in as fast as 15 minutes.
Sign the contract in person in as fast as 24 hours.
Get your cash cheque on the same day to instantly resolve your cash flow needs.
In addition to the original property mortgage (first mortgage), owners can apply for a second mortgage loan at any time to cash out for turnover. No title deed is required, and there are no restrictions on building age or property type. We accept applications regardless of credit ratings, and there is no penalty for early repayment.
No income proof or stress test is required for cashing out with a property second mortgage loan.
Anyone, including retirees, housewives, or self-employed individuals, is welcome to apply for a second mortgage loan to cash out.
Customers can choose to draw down the second mortgage loan in separate installments. GICL provides a revolving standby credit line for this purpose.
Owners are free to sell the mortgaged property at any time during the repayment period without needing prior consent from GICL. The transaction date will be used as the cut-off date to calculate the full repayment amount promptly.
Your loan amount depends on your property’s current value and your 1st mortgage's remaining balance. At GICL, the combined LTV ratio (1st + 2nd mortgage) can go up to 80% - 90% of your property’s value.
Traditional banks strictly require a consent letter from your current lender, which is complex and rarely approved. GICL offers a flexible alternative that requires no property deeds or complex declarations, helping you bypass bank hurdles legally and hassle-free.
While traditional banks take weeks, GICL is built for speed. Get a preliminary result in just 15 minutes after submitting basic documents. Cash can be wired to your account within 24 hours once finalized.
Absolutely not. Your second mortgage is a completely separate contract. Your original bank loan’s interest rate, monthly payments, and terms remain 100% unchanged. You just continue paying your bank as usual.
We know many owners use second mortgages for short-term business stock or urgent turnover. That’s why GICL offers highly customizable repayment terms and short penalty period options tailored to your cash flow needs.
GICL provides the most flexible mortgage solutions. Whether it's a first or second mortgage, refinancing,
No Income Proof Required, No Stress Test Required, secure cash within 24 hours to resolve urgent financial needs.
We offer a free preliminary property valuation service. Please fill out the form below and we will get back to you as soon as possible.
