HSBC H-Plan Mortgage

HSBC's HIBOR-linked mortgage (H-Plan) charges 1-month HIBOR + 1.3% with a rate cap at P - 3.5% (currently around 3.0% effective rate), making it the benchmark product for prime HK property buyers. HSBC offers cash rebates of up to 2.2% of the loan amount for new mortgages, partially offsetting legal and stamp duty costs. The bank's Mortgage Master tool provides real-time rate monitoring and early repayment flexibility with no redemption penalty after the 2-year lock-in period — a key advantage in a shifting rate environment.