Mortgage Insurance Programme -- Premium rate
The amount of premium payable under the Mortgage Insurance Programme varies according to the relevant loan-to-value ratio, loan tenor and payment method to reflect the credit risk of the relevant mortgage loan. The rate of such premium for floating rate mortgages can be seen from the following table :
      Annual Premium Payment
Loan-To-Value Ratio Loan Tenor
(Years)		 Single Premium Payment
(% of the Original Principal Balance)		 First Year
(% of the Original Principal Balance)		 Renewal
(% of the Original Principal Balance)
Above 70% and up to 80% 10
15
20
25
30		 1.00
1.15
1.40
1.50
1.65		 0.50
0.60
0.70
0.75
0.85		 0.24
0.24
0.24
0.24
0.24
Above 80% and up to 85% 10
15
20
25
30		 1.55
1.80
2.15
2.30
2.40		 0.70
0.80
0.90
1.00
1.10		 0.45
0.45
0.45
0.45
0.45
Above 85% and up to 90% 10
15
20
25
30		 2.15
2.50
2.98
3.35
3.55		 0.90
1.09
1.28
1.46
1.65		 0.63
0.63
0.63
0.63
0.63
Above 90% and up to 95% 10
15
20
25
30		 2.48
2.88
3.38
3.78
3.98		 1.04
1.26
1.48
1.68
1.90		 0.73
0.73
0.73
0.73
0.73
( For reference only, please contact the mortgage banks / The Hong Kong Mortgage Corporation Ltd for full details. )