3-Step Mortgage Estimate | Flexibly Plan Monthly Payments
From first and second mortgages to refinancing and equity cash-outs, our tool helps you quickly calculate your monthly installments, total interest costs, and comprehensive repayment schedules.
Select a plan for your financial needs:
Application Threshold
Maximum LTV Ratio
Interest Rate Range
Processing Time
Income Proof
Suitable For
Application Threshold
Property Mortgage
More than 80%
From 8% p.a.
As fast as 24 Hours
Waived
Large Cash-out
No mortgage required
Subject to remaining equity
9-18% p.a.
As fast as 24 Hours
Waived
Keep 1st Mortgage
Property Appreciated or Loan Partially Repaid
More than 70%
9-18% p.a.
2-3 Working days
Waived
Cash-out via Appreciation
Existing Mortgage
More than 80%
9-18% p.a.
3-5 Working days
Waived
Interest Saving & Debt Consolidation
Property Price: HK$8M, LTV: 70%, Rate: 4%, Term: 30 Years
Monthly Payment: ~HK$26,729
Property Price: HK$8M, Existing Mortgage: HK$4M, 2nd Mortgage: HK$2M, Rate: 8%, Term: 15 Years
Monthly Payment: ~HK$19,113
Property Value: HK$10M, Existing Balance: HK$3M, Cash-out: HK$4M, Rate: 6%, Term: 20 Years
Monthly Payment: ~HK$24,000
Existing Rate: 4.125%, GICL Rate: 3.5%, 30-Year HK$5M Mortgage
Monthly Savings: ~HK$1,800 | Total Interest Saved: >HK$600K
Calculated monthly payments depend on loan amount, term, rate, repayment method, and property conditions. Payments can vary significantly even for properties with identical valuations.
With the same rate and term, a higher principal means higher monthly payments and total interest.
For example, at 4% over 30 years, monthly payments for HK$5M and HK$6M loans differ by thousands. Borrow only what you need to avoid unnecessary interest costs.
A longer term spreads the principal over more months, lowering monthly payments. However, the extended period usually increases total interest. Conversely, a shorter term saves interest but raises monthly payments.
Even a 0.5% difference significantly impacts the total cost of large, long-term mortgages. Traditional banks mainly use H Plan and P Plan. Finance companies offer flexible fixed or floating rates based on property quality and risk.
H Plan: Based on HIBOR plus a margin, often with an interest rate cap.
P Plan: Based on the Prime Rate minus a margin, generally with lower volatility.
Fixed Rate: Locks in the rate for a set period for easier budgeting.
With "Principal & Interest" (P&I), the principal gradually decreases, lowering long-term debt. With "Interest-Only", you pay only the interest, leaving the principal for maturity. Monthly payments are lower initially, but the principal remains unchanged. Choose your method based on fund usage, expected holding period, repayment sources, and maturity plans.
Valuation methods, max terms, LTV ratios, and rates vary across residential, HOS, village houses, tenement buildings, parking spaces, retail, and offices. Banks are cautious with older properties, tenements, village houses, or low-liquidity commercial spaces. Finance companies generally offer more flexibility in property types and age.
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.
The online mortgage calculator provides a highly accurate preliminary reference. It instantly calculates using a compound interest formula based on your inputted property price, LTV, term, and default rate. However, actual monthly payments depend on the final approved rate, premiums (if applicable), and the lender's actual settlement date. Use these results as a starting point for your budget; the final amount is subject to your contract.
No. The default rate is usually the market's latest reference mortgage rate (e.g., current H Plan or P Plan caps). Your actual approved rate is adjusted based on your financial status, income proof, property type (e.g., private housing, tenements, village houses), and credit rating. Contact our mortgage specialists directly for the most accurate, customized rate.
This is mainly due to differences in rate structures, repayment methods, and approval flexibility. Banks face stricter HKMA guidelines and mainly use H or P Plans. Finance companies (like Global Credit) offer greater flexibility, providing flexible "Interest-Only" or short-term bridging loans alongside traditional "Principal & Interest" (P&I) plans. Different terms and interest calculation methods naturally lead to different monthly payments. Finance companies can better tailor repayment plans for clients who cannot pass bank stress tests.
In Hong Kong, the maximum term for primary and secondary private housing from general banks is 30 years, subject to borrower and property age limits (usually 75 minus the borrower's/property's age). While very few banks offer 40-year mortgages, if age limits prevent you from securing a long-term bank mortgage, Global Credit can offer highly flexible repayment terms based on the property's actual value to ease your monthly payment pressure.
"Principal & Interest" (P&I): Monthly payments include both interest and a portion of the principal. The principal decreases monthly, lowering total long-term interest costs. Ideal for owners with stable incomes looking for long-term self-occupation.
"Interest-Only": You only pay the interest each month; the principal is repaid in a lump sum at maturity. This results in extremely low monthly payments, preserving cash flow. Perfect for short-term capital turnover, property investors, or those waiting to sell/refinance. Which is "better" depends on your financial needs; for flexible cash flow, "Interest-Only" is the ultimate choice.
No! Our online mortgage calculator is completely free and anonymous. Just enter basic property and loan details; no ID, phone number, or personal info is required. Therefore, this calculation will absolutely not check or affect your credit rating (TU Report). We also offer free property valuation services; feel free to ask our mortgage specialists.
Absolutely! Once the system generates the full repayment schedule and monthly details, you can screenshot it to save, or share the result link with your family and co-borrowers for preliminary reference. If you are satisfied with the results and wish to learn more or apply for formal loan approval, welcome to WhatsApp our mortgage specialists!
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.
