Bank of East Asia lifts prime-rate-linked mortgage cost

Business | 20 Aug 2019 5:32 pm

The Bank of East Asia (0023) said it will raise the cap on the prime rate-linked new mortgage plans by 10 basis points to 2.475 percent.

BEA also increased HIBOR-linked new mortgage rate to 2.475 percent, after the Hongkong and Shanghai Banking Corporation raised the HIBOR-linked new mortgage rate by 0.1 percent last week.

The bank also cut its cash rebate rate to 1.5 percent for customers who shift their mortgage to BEA.

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