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Mortgage Loan for Overseas Investors
Loan available for individual investors residing in Hong Kong, holding either Hong Kong SAR or Japanese passport.
*PR (permanent residency) status will not be eligible to apply
This loan services new or second hand
condominium purchases.
For further details, please contact us at
Business hours: 09:00-17:00 JST
Monday - Friday (normal banking business days)
Features
Remote application…
Remote application…
We can assist individual investors holding HKSAR or Japanese passport residing in
Hong Kong by phone & postal mail to process your loan application and credit
assessment.
＊You will be asked to be present at our office to sign all relative
loan & mortgage agreements.
No language barrier…
No language barrier…
Loan agreement can be explained in English or Japanese and will provide English
translations of all the officially signed agreements in Japanese.
*Any translated
material shall be for reference only.
Loan term up to 20 years…
Loan term up to 20 years…
Loan term from 1 to 20 years. Balloon payment (up to 35 year calculation) also available to secure cash flow.
Additional collateral…
Additional collateral…
For those whom already own a property, you may unlock its (already-owned property) value by mortgaging this property as additional collateral to increase the loan amount for your new purchase
Terms and Conditions
as of 1 October 2024
Eligible Customers
- • Hong Kong Special Administrative Region (HKSAR) residents holding HK SAR or Japanese passport.
*PR (permanent residency) status will not be eligible to apply
- • Aged 20 - 70 at the time of loan agreement (75 or younger at time of full payment)
-
• Full-time employee (employed over 2 years consecutively) with an annual income over JPY 8MM
(or equivalent).
For self-employed, business history over 2 years with an average annual business income after expenses over JPY 8MM (or equivalent). - • Satisfy other conditions and requirements specified by Shinsei Investment & Finance.
| Product | Mortgage Loan for Overseas Investors |
|---|---|
| Loan Purpose | Loan to purchase new or second hand condominium in 23 wards of Tokyo, central Osaka and Nagoya Cities (Properties located in Kanagawa, Saitama or Chiba Prefecture may be applicable. For other details on properties, please consult with us.) |
| Loan Amount | JPY 10MM ~ JPY 500MM (in units of JPY 100,000) |
| Loan Term (No. of payments) |
1-20 years (12~240 payments) *For Balloon Payment up to 35-year amortized repayment schedule can be applied*1 |
| Interest Rate (p.a.) | Variable Rate 3.15% Short-term prime rate published by SBI Shinsei Bank 1.625% + 1.525% ⇒ 3.15% (as of 1 October 2024) Interest rates will be reviewed every April 1st (applied from the following June interest calculations) and October 1st (applied from the following December interest calculations) |
| Repayment Method | • Monthly equal payments with interest (including Balloon Payment) • Monthly repayments will be due 14 day of each month (next business day if the 14th day of the month is a Japanese bank holiday) • Repayments shall be made by automatic bank account transfers*2 within Japan or by international wire transfers |
| Establishment Charge | 1.50% of loan amount *Other government registration charges and legal fees, stamp duty, etc. are payable by the borrower |
| Early Repayment Charge(in part or in full) | JPY 30,000 per repayment in part JPY 30,000 upon full repayment |
| Collateral | •Collateral property financed under this mortgage may be co-owned (co-owner is
limited to spouse, a parent or a child) and must agree to sign as a joint
guarantor for the mortgage. • First mortgage will be created over the collateral property which will be financed by this loan. • Fire insurance policy covering the collateral property is required for the same length of the loan. |
| Actual Annual Percentage Rate | Up to 15.00% p.a. |
| Delay Penalty Charge | 20.00% p.a. |
*1 Balloon Payment: Monthly equal payments calculated at (up to) 35 year amortization
schedule, with a bullet payment of principal at loan maturity.
*2 Automatic domestic bank account transfers are limited to financial institutions serviced
by Aplus Co., Ltd.
** Maximum loan-to-value (LTV) will be capped at 70% of the assessed value by Shinsei Investment & Finance.
Steps to Borrow
-
STEP1
Inquiry & Consultation
Give us a call to start the process.
Share with us your investment & borrowing plans and property acquisition schedule. If property details are available, we will conduct an initial assessment to offer tentative loan amount in prior to application. -
STEP2
Application
Please visit our office to fill out & chop our designated application form. Application can be arranged by post if necessary.
-
STEP3
Credit Assessment
We will conduct our credit and property assessment upon receipt of your application form and supporting documents. Depending on the results, we may not be able to accommodate your request.
-
STEP4
Loan & Mortgage Agreement
Along with the supporting documents, all loan & mortgage agreements to be signed at our office.
-
STEP5
Loan Drawdown
Loan will be drawdown on the day of handover.
For further details, please contact us at
Business hours: 09:00-17:00 JST
Monday - Friday (normal banking business days)