Mortgage1+1 Account
Accomplish your dream to own your home and build your wealth
 
MEVAS Mortgage1+1 Account offers a one-stop financial tool that combines your savings, cheque and mortgage accounts. Whether you are buying a new home or refinancing your existing property, Mortgage1+1 Account offers an attractive mortgage loan interest rate, and a deposit interest rate equivalent to the mortgage interest rate, so that you can earn a much higher return than ordinary fixed deposit placement. In addition, deposits in your current account can be withdrawn anytime, which lets you manage your cash flow easily. Mortgage1+1 is indeed a powerful mortgage and value-added package for you.
   
 
Mortgage1+1 Account Package
   

Mortgage Account
* Preferential mortgage interest rate
* Loan amount of up to property price or estimated 95% of property value
* Loan tenure of up to 30 years

* Applicable to both new purchase and refinancing
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High Interest Rate Current Account
* Deposit rates same as mortgage rates
* Interest on the current account balance is accrued on a daily basis, which lets you leverage the benefit of a high interest rate

* Free cheque book and ATM card
* Free phone banking and e-banking service

Application
Applying for Mortgage1+1 is easy and hassle free! Simply bring your property documents and proof of income to one of MEVAS Bank Branches or call our Customer Services Hotline 3101 3838 for application.
 
Remarks:
1 . If mortgage loan-to-value ratio exceeds 70% of the property selling price or valuation price (whichever is lower), customers are required to apply for the Mortgage Insurance Programme at their own cost.
2. For MEVAS customers with fixed deposit of HK$500,000 or above, the entitled interest rate of Mortgage1+1 current account is only applicable to a deposit amount equals to 60% or less of the outstanding loan amount in the mortgage account. For normal customer, the entitled interest rate of Mortgage1+1 current account is only applicable to a deposit amount equals to 50% or less of the outstanding loan amount in the mortgage account. No interest will be paid for excess deposits.
3. Repayment must be made with the Mortgage1+1 current account.
4. A handling fee will be charged for existing MEVAS Bank’s mortgage customers who want to transfer to Mortgage1+1 Account. Please contact any MEVAS Branches for details.
5. The Mortgage1+1 current account will not be entitled to any deposit interest upon payment default. Please contact any MEVAS Branches for details.
6. The offer of the Household Contents Insurance is valid until December 31, 2010. The offer is only applicable to insure with Dah Sing Insurance Company Limited. For details, please contact the staff of MEVAS Branches.
7. The approval of an application shall be at the sole, absolute discretion of MEVAS Bank, without exception. MEVAS Bank reserves the right to amend the above offers without prior notice.