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MIP Premium Discount Calculator

MIP Risk-based Scoring Model

HKMC Insurance Limited ("HKMCI") introduces the Risk-based Scoring Model ("RBSM") to offer discount on insurance premium based on credit history and risk profile of the application for the Mortgage Insurance Programme ("MIP").

The RBSM is only applicable to owner-occupied residential properties loan. Successful applicants may enjoy up to 50% discount on premium.

Loan-to-value (LTV) ratioMaximum premium discount
80% or below50%
Above 80% and up to 85%*50%
Above 85% and up to 90%*45%

*only applicable to application with (i) all mortgagors not holding any residential properties in Hong Kong at the time of application; (ii) all applicants being regular salaried persons; and (iii) maximum debt-to-income ratio of 45% (please refer to the requirement of maximum debt-to-income ratio as stated in the relevant Insurance Eligibility Criteria)

By using the Premium Discount Calculator#, you can obtain an indicative premium discount. Please click "Continue" and refer to the respective Terms and Conditions.

#This Calculator is not applicable to Ma Tau Wai Road Starter Homes Pilot Project.

You may contact our Mortgage Insurance Hotline at 2536 0136 during the office hours (Mon - Fri, 9:00 am to 1:00 pm and 2:00 pm to 6:15 pm, except public holidays) if you have any questions.


Mortgage Insurance Programme - Premium Discount Calculator

Please fill in the following information to calculate an indicative premium discount for your prospective Mortgage Insurance Programme (“MIP”) application.

Applicant Details

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Loan Details


  1. An intending mortgagor who has not been an owner or co-owner of any residential property in Hong Kong in the 5 years preceding the date of the Provisional Sale and Purchase Agreement.
  2. Self-employed (professional) includes legal and medical practitioners, certified public accountants and other types of professionals designated by HKMC Insurance Limited ( “HKMCI”) for this purpose, who are practicing in Hong Kong.
  3. Obtainable either from TransUnion Limited (subject to payment of a fee) or from your lending bank.
  4. Any cover of a MIP mortgage loan terminated for 7 years or more before the new MIP application is not taken into consideration for the assessment of MIP premium discount. The repayment record must be punctual and subject to review by the HKMCI (Note: the cover period means the period between the relevant loan drawdown date and the date when the outstanding loan balance falls to (or below) the LTV threshold of the original property value at the time of the taking out of such loan).
  5. For a new purchase of property, the purchase price of the subject property as stated in the relevant sale and purchase agreement (if applicable). For a refinancing loan, the appraised value of the subject property.
  6. This Calculator is not applicable to Ma Tau Wai Road Starter Homes Pilot Project.
Terms and Conditions

I/We confirm and understand that the following Terms and Conditions shall apply to the Premium Discount Calculator for the Mortgage Insurance Programme:

  1. The subject calculator is for the calculation of an indicative premium discount under the Risk-based Scoring Model ("RBSM") based on information inserted by user and other factors which the HKMCI may consider relevant from time to time. The HKMCI reserves the right to take into account such other factors or vary such risk attributes of the RBSM which it may consider appropriate and relevant in processing my/our application.
  2. Any results, figures or information generated from the calculation is indicative and for reference only, and are not binding on the HKMCI. Actual premium discount (if any) may differ and shall be subject to the final approval of the HKMCI.
  3. The HKMCI does not assume any liability for loss or damage of whatsoever nature which may be attributable to the reliance on and the use of the calculator.
  4. The HKMCI reserves the right at any time, without notice to alter, modify, cancel or suspend the RBSM and the premium discount arrangement or to add, alter, modify, change or vary all or any of these Terms and Conditions.
  5. In case of any conflict or discrepancy between the English version of these Terms and Conditions and the Chinese version, the English version shall prevail.