Reverse Mortgage Programme

Live the Retirement Dream with a Smile

The Reverse Mortgage Programme is operated by HKMC Insurance Limited (HKMCI), a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited (HKMC), which enables people aged 55 or above to use their residential properties in Hong Kong as security to obtain reverse mortgage loans.

Reverse Mortgage Programme
Limited-Time Offer *

"Reverse Mortgage"¹ Key Product Features
Eligibility Criteria

Flexible payment term

Borrowers may choose between floating - rate or fixed rate mortgage plans, monthly payouts over a fixed period of 10, 15 or 20 years or throughout the borrower’s entire life. For more information about the Reverse Mortgage Programme, please click here to visit The Hong Kong Mortgage Corporation Limited website.

Lump-sum payout

Lump-sum payouts can be applied for at the time of reverse mortgage loan application and/or any time during the selected payment term to suit the borrower’s personal needs.

Flexible arrangement to rent out property

Mortgaged property can be rented out under specific circumstances for a higher income.

Lifetime home residence

Property owner is entitled to stay in the property for the rest of his life, even after the payment term (10, 15 or 20 years) is due. However, interest and mortgage insurance premium will be posted to the outstanding loan amount.

No repayment during lifetime

No repayment of outstanding loan amount is required during the borrower’s lifetime, unless the reverse mortgage loan is terminated under specific circumstances.

No penalty for early repayment of loan

Full repayment of reverse mortgage loan and redemption of mortgaged property can be made at any time without penalty.

Six-month cooling-off period

If a reverse mortgage loan is terminated for whatever reason within the first 6 months, a refund and waiver of mortgage insurance premiums will be given. However, the borrower is still required to bear the accrued interest, financed fees (if any) and the relevant fees in relation to the termination of the reverse mortgage loan.

Joint application for a reverse mortgage loan by up to three borrowers is allowed.
In general, the borrower and the property offered as security must:

The borrower must:

be aged 55 or above (aged 60 or above for owners of subsidised sale flat with unpaid land premium) and a holder of valid Hong Kong Identity Card
not be an undischarged bankrupt or otherwise subject to bankruptcy petition or individual voluntary arrangement (except if the indebtedness under the relevant individual voluntary arrangement is to be repaid in full at closing by way of lump-sum payout).

The property offered as security property must:

be a residential property in Hong Kong (property acquired by deed of gift may be considered);
be owned by:
(i) the borrower as sole and beneficial owner or as joint tenants (if there is more than one borrower); or

(ii) a limited company, incorporated in Hong Kong, wholly and directly owned by the borrower (or if there is more than one borrower, all borrowers);
not exceed 50 years of age (otherwise it will be considered on a case-by-case basis);
not be subject to any resale restrictions (except for the alienation restriction of subsidised sale flats imposed by the relevant authority provided written consent from the relevant authority is obtained); and
not be rented out.
(The borrower may apply to rent out the mortgaged property if it has been owned for at least one year and all the borrowers have:

(i) declared that they have retired; or

(ii) moved out to obtain elderly or medical care.

If the property is a subsidised sale flat with unpaid land premium, the borrower must obtain consent from the relevant authority, in addition to the above requirement of property ownership.)

To find out more, Pls contact our Mortgage Sales Staff at 3918-6655.

The Reverse Mortgage Programme is operated by HKMC Insurance Limited (HKMCI), a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. Mortgage loans will only be offered to customers who meet the eligibility criteria for the Reverse Mortgage Programme set out by HKMCI from time to time. The relevant terms and conditions are subject to the announcement and final approval of HKMCI.

Eligible Customers who have successfully submitted a formal application during the Promotion Period and the loan is approved and drawn are entitled to enjoy maximum HKD5,000 for the Loan Rebate for reverse mortgage loan. The Loan Rebate for reverse mortgage loan is only applicable to Eligible Customers who have fulfilled all the following requirements: - (a) A formal application and the relevant documents must be received by the Bank during the Promotion Period; (b) The application must be successfully approved subsequently; and (c) Within six months from the date of the first monthly or lump-sum payout, (i) no application for refund and waiver of mortgage insurance premiums of the loan has been issued by the customer; and (ii) no maturity event has occurred that would trigger a refund or waiver of mortgage insurance premiums.
The Loan Rebate for reverse mortgage loan will be credited into Eligible Customer's active current or savings account held with the Bank directly within 4 months after the conditions in clause 2 above have been fulfilled.

* Quotas of the offer are available on a first-come-first-served basis while quota lasts. Terms and Conditions apply.

Enquiry Hotline : 3918 6655

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

Promotion Terms & Conditions of The Reverse Mortgage Programme ("The Program").

PROMOTION PERIOD - The Promotion Period is from Jan 2, 2025 till Jun 30, 2025, both days inclusive (the “Promotion Period”).
ELIGIBLE CUSTOMER – The promotion is applicable to the customers of China Construction Bank (Asia) Corporation Limited (“the Bank”, “we”, “our”, “us”) (“Eligible Customer ”). who apply The Reverse Mortgage Programme through our Bank for submission during the Promotion Period.

Eligible customers who have successfully submitted a formal application during the Promotion Period and the loan is approved and drawn on or before Sep 30, 2025 are entitled to enjoy maximum HKD5,000 Loan Rebate. Loan Rebate amount depends on the Appraised Property Value by HKMCI as below:

Appraised Property Value	Rebate Amount
Below $2,000,000	HK$1,000
HK$2,000,000 – HK$3,999,999	HK$2,000
HK$4,000,000 or above	HK$5,000

Subject to:

a) A formal application and the relevant documents must be received by the Bank during the Promotion Period;

b) the application must be successfully approved subsequently; and

c) within six months from the date of the first monthly or lump-sum payout,

i) no application for refund and waiver of mortgage insurance premiums of the loan has been issued by the customer; and

ii) no maturity event has occurred that would trigger a refund or waiver of mortgage insurance premiums.

REWARD - Eligible Customer will be entitled maximum $5,000 Loan Rebate which will be credited into the active current or savings account held with the Bank directly within 4 months after fulfilled the eligibility.
RESTRICTION - Each customer shall only enjoy the Loan Rebate once during the Promotion Period. Employees of the Bank are not eligible for this Promotion. This Promotion cannot be used in conjunction with any promotional offer(s).
RIGHT TO VARY AND FINAL DECISION - The Bank reserves the right to amend these Terms and Conditions, or amend, cancel or terminate the Program at any time at its sole and absolute discretion. The Bank shall not be responsible or liable for any claims or liability resulting from the customer in the Program howsoever suffered or incurred. In case of any dispute, the decision of the Bank shall be final.
ENGLISH VERSION PREVAILS – In case of any discrepancy between English and Chinese versions of these Terms and Conditions, the English version shall prevail.