Features

Introduction of Share Mortgage Scheme

  • Joining Phillip Share Mortgage Scheme, customer can purchase stocks from a designated stock list at market price by just deposit 30% of the value of the intended stock (minimum HK$30,000). The remaining 70% of the investment amount will be financed by Phillip. Interest rate of this scheme is fixed rate 3.38% p.a. There is 1% one-off handling fee (base on investment amount). 

Benefits of the plan


  • 12 and 24 installment period available

    12 months/24 months / 3-month payment holiday installment and first-month payment holiday with interest free (for option assign only)are available under this scheme, the monthly repayment amount for 24 months plans could be as low as around HK$3,000.

  • Interest rate as low as 2.88% p.a.

    Under this scheme, the interest rate for the 12 months installment is as low as 2.88 % p.a., 24 months installment period is as low as 3.38 %** p.a. , 1-month payment and 1-month interest wavier installment is as low as 3.88% p.a.***, which are lower than the current margin rate.
    *P refers to Hong Kong Dollar Prime rate of Standard Chartered Bank, which is 5.375% on 1 April 2019.
    *P - 2.495% p.a. (While "P" = 5.375% p.a.)

    **P - 1.995% p.a. (While  "P" = 5.375% p.a.) 

    ***P -1.495% p.a. (While  "P" = 5.375% p.a.)
    In each new Share Mortgage contract, “P”  refers to Prime rate of Standard Chartered Bank on draw down day.

  • Mortgaging Existing Stocks

    Client may mortgage existing stocks by transferring his/ her existing stocks in Master Account to Sub Account as collateral under the Scheme. The company will draw down up to 70% market value of the stock from Sub Account to Master Account.

  • Brokerage fee waiver

    Customer joining this scheme can enjoy brokerage fee waiver for both buy or sell order. It may help to increase client’s investment return.

  • Entitled to receive dividend

    Customers are entitled to receive the dividend from the shares purchase.

  • A various choices of stock

    Stocks with margin ratio 60% or above are available for this scheme. Customers have a wide range of choices.

  • Scheme stop any time without additional charges

    Client can repay the outstanding and terminate the scheme without any additional charges.

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Please contact your account executive or call us now.
Share Mortgage Scheme
Tel : (852) 2277 6647
Email : smp@phillip.com.hk

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