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BOC HONG KONG Reportedly Raises Mortgage Cash Rebate to 1.2% Max.
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BOC HONG KONG (02388.HK) has increased its mortgage cash rebate, sources divulged. For loan amounts exceeding HKD5 million, the rebate threshold has surpassed 1%, reaching up to 1.2%, making BOCHK the first major bank to break the 1% rebate threshold. BOCHK has recently raised the rebate for loan amounts above HKD5 million, with rates increasing progressively from 1.05% to 1.2% depending on the loan size, report revealed. For loan amounts of HKD10 million or above, the rebate hits 1.2%. AASTOCKS Financial News |
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