Madera Garden Mortgage Plan

Madera Garden Mortgage Plan:

	Special mortgage offers:
Rate	As low as H+1.30% (cap2.50%) *With Deposite Linked
Net Rate (p.a)	As low as 1.37%^
Loan-to-Value Ratio	Up to 90%
Loan Tenor	up to 30 years
Cash Rebate	Up to 1.3%

Madera Garden Vendor Payment Terms：

Payment Plan	Payment Details	Discount
(A) Cash Payment Plan	Mortgage Payment A preliminary deposit：5% Within 30 days after signing of the preliminary agreement：5% Within 90 days after signing of the preliminary agreement：90%	4%
(B1) Standby First Mortgage Loan Payment Plan (Transaction Price of residential property is under HK10 million)	Mortgage Payment A preliminary deposit：5% Within 30 days after signing of the preliminary agreement：5% Within 90 days after signing of the preliminary agreement：90%	3%
(B2) Standby First Mortgage Loan Payment Plan (Transaction Price of residential property is or over HK10 million)	Mortgage Payment A preliminary deposit：5% Within 30 days after signing of the preliminary agreement：5% Within 60 days after signing of the preliminary agreement：5% Within 90 days after signing of the preliminary agreement：85%	3%
(C) Stage Payment Plan	A preliminary deposit：5% Within 90 days after signing of the preliminary agreement：5% Within 14 days after the date of the notification to the Purchaser：90%	2%

Madera Garden Discount

Madera Garden	Discount
Early Bird Discount	1%
Like Facebook/Instagram Benefit	1%
Stamp Duty Subsidy Benefit	4%

Standby First Mortgage Loan offered by the Vendor#:{FOR Payment Plan (B1) and (B2)}

Rate	First 3 years：P-2.25% 4th to 5th year：P% Thereafter：P + 1.5% *P (Currently P=5%)
Loan Amount	Under HK$10 million，The maximum amount of first mortgage loan shall be 90% Is or over HK$10 million，The maximum amount of first mortgage loan shall be 85%
Loan Tenor	▲ not exceed 25 years

For more information, please visit Ricacorp website

** The above information is for reference only, for further information please refer to the sales brochure for the Development。

# For completed residential properties with property value below HK$9 million, the maximum loan amount shall either be (a) calculated at the maximum LTV ratio of 80% and up to 90% or (b) capped at HK$7.2 million, whichever is lower. If the property value is at or above HK$9 million (up to the cap of HK$10 million), the maximum loan amount shall be calculated at the maximum LTV ratio of 80%. If the property value is at or above HK$10 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 50%.

You can refer to the “Maximum LTV Ratio” of the HKMCI website for details
http://www.hkmc.com.hk/chi/our_business/mortgage_insurance_programme.html

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Ricacorp Mortgage Agency provide one-stop mortgage referral services including free referrals, personalised advice on mortgage choices and end-to-end mortgage application service.

Service Hotline: 2836 6121 / 2836 6183
WHATSAPP: 9608 3114
Email: mortgage@ricacorp.com

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