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Earn 80,000 Asia Miles with HKD 4,000,000 mortgage loan drawdown

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Earn Asia Miles with Standard Chartered Mortgage Services and fly sooner!

Earn 80,000 Asia Miles with HKD 4,000,000 mortgage loan drawdown

Mortgage Asia Miles Reward

Fly sooner with Standard Chartered Mortgage Services and earn Asia Miles all the way.

Mortgage Drawdown Subsidy

Having a mortgage with Standard Chartered is now more exciting than ever with the launch of our brand new Asia MilesTM rewards!

Apply and subsequently drawdown the mortgage loan to get Mortgage Drawdown Subsidy in Asia Miles (“Miles”).

Based on the subsidy entitlement, you can choose to receive the subsidy in Miles, cash or a combination of both. Asia Miles will be awarded for every HKD100,000 of Eligible Loan amount. The table lists some examples of Mortgage Drawdown Subsidy mortgage for new purchased properties for your reference.

LOAN AMOUNT
TOTAL MORTGAGE DRAWDOWN SUBSIDY IN ASIA MILES
TOTAL MORTGAGE DRAWDOWN SUBSIDY IN CASH
TOTAL MORTGAGE DRAWDOWN SUBSIDY IN ASIA MILES & CASH*
HKD4,000,000 80,000 Asia Miles HKD8,000 40,000 Asia Miles + HKD4,000

*Assume subsidy Eligible Client assigns HKD100,000 as the Asia Miles Eligible Loan Amount to convert Asia Miles.

Notes:
  1. For each eligible mortgage loan, the maximum amount of Subsidy for all prevailing offers are capped at 1% of (i) the mortgage loan drawdown amount or (ii) the normal permissible loan to value ceilings of the net purchase price or the valuation of the property (whichever is lower) under the Hong Kong Monetary Authority guidelines, whichever is lower (“Eligible Loan Amount”). If the sum of Subsidy is greater than 1% of the Eligible Loan Amount, the Subsidy for all prevailing offer(s)will be included in the loan amount for the calculation of Loan-to-value ratio (LTV). For the avoidance of doubt, whether the Subsidy is awarded in cash or Asia Miles, it will be subject to the maximum amount of Eligible Loan Amount times the percentage of Subsidy entitlement.
  2. Subsidy Eligible Clients can choose to receive the Subsidy in full in the form of Asia Miles or in the form of cash; or partly in the form of Asia Miles and partly in the form of cash. For the avoidance of doubt, for the amount of Eligible Loan Amount in respect of which Subsidy Eligible Clients choose to receive the Subsidy in the form of Asia Miles, Asia Miles will be awarded in lieu of cash. Payment of cash or award of Asia Miles, will be in strict compliance with the requirement set out by Hong Kong Monetary Authority. If a Subsidy Eligible Client chooses to receive full of or part of the Subsidy in the form of Asia Miles, he/she needs to indicate so and the amount of Eligible Loan Amount in respect of which he/she wishes to receive the Subsidy in the form of Asia Miles (“Asia Miles Eligible Loan Amount”, which must be in a multiple of HK$100,000) in the Letter of Confirmation (“LOC”). Such indication on the LOC will be final and binding and any subsequent change is not allowed.
  3. Terms and Conditions of Asia Miles apply for redemption and/or use of Asia Miles. For details, please visit www.asiamiles.com. The Bank is not obliged to notify you of any changes or latest announcements of Asia Miles.
  4. For a mortgage loan amount of HKD4,000,000, mortgage rate is as low as the Bank’s Hong Kong Dollar Prime Rate minus 2.00%p.a. or 1-month Hong Kong Interbank Offered Rate (HIBOR) plus 1.3%p.a. Rate quoted as an indicative information only.

Terms and Conditions

To borrow or not to borrow? Borrow only if you can repay!