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The Hong Kong Mortgage Corporation Limited

Fixed-Rate Mortgage Pilot Scheme

The Hong Kong Mortgage Corporation Limited (HKMC) has introduced a pilot scheme for fixed-rate mortgages for 10, 15 and 20 years. It aims to provide an alternative financing option to homebuyers for mitigating their risks arising from interest rate volatility, thereby enhancing banking stability in the long run. These mortgage loans can be with or without mortgage insurance under the Mortgage Insurance Programme.


The maximum loan amount of each residential mortgage is HK$10 million. At the end of the fixed-rate period, the borrowers may either re-fix the mortgage rate under the fixed-rate mortgages or convert the mortgage to a floating-rate loan. The interest rates per annum and other details of the fixed-rate mortgages Note 1 are as follows:


Fixed-rate PeriodGross Mortgage Rate (GMR)

Full / Partial Prepayment Penalty

(% of the prepaid amount)
Fixed Interest RateGMR after the Fixed-rate Period


The then prevailing fixed mortgage rate


Hong Kong Prime Rate Note 2 minus 2.35%


1st year: 3%

2nd year: 2%

3rd year: 1%




  1. For the applicable premium rate under the Mortgage Insurance Programme, please refer to Premium Rate Sheet - Owner-occupied Residential Property Loans.
  2. As announced by the HKMC from time to time.

HKMC Fixed-Rate Mortgage is Available Now!

The pilot scheme* is now open for applications until 30 October 2021, while the last drawdown date is no later than 31 December 2021. All applications should be made through the participating banks. If you have any enquiry, please contact any participating bank.


* The pilot scheme is subject to relevant terms and conditions

General Information

1) List of Banks
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2) Premium Rate Sheet - Owner-occupied Residential Property Loans
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