• Minimum loan: USD400,000 or currency equivalent.
• Further advances – USD50,000 or currency equivalent.
• Loan Currency: Must be either the local currency of the property location or the currency of the client's primary income
• Interest rate: view here
• Repayment options: Capital & Interest repayment or Interest only (additional margin loading of 0.20% applies).
• Loan term: 30 year term or up to 70 years of age, whichever is earlier.
• Financing: Maximum 60% of purchase price or valuation price, whichever is lower for the following States:-

Colorado

Connecticut

Hawaii

New Jersey

New York

Washington State

and a maximum of 50% for:-

California

Florida

Nevada

Oregon

Arrangement fee: 1% of the loan amount and payable upon acceptance of formal offer letter and is non-refundable.

Commitment Fee: 0.3%

Legal fees :For client’s account (both the borrower’s and the bank’s legal fees)

Valuation fees, stamp duties, taxes, communication charges, building & other forms of insurance: For clients account.

Corporate / Trust borrower handling fee: 0.25% of the loan amount for clients who borrow via a company or trust structure, payable upon acceptance of formal offer letter and is non-refundable. Offshore company registration fees may also be payable.

Currency switching: Subject to qualification criteria and availability, which varies from time to time. When currency switching is offered, two free switches per calendar year, USD150 per switch thereafter.

Security: First legal charge or mortgage over the property.

Leasehold properties: Minimum 50 years left to run after repayment date.

Letting/Rental: No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorization and lower loan to value ratios may apply.

Repayment: Quarterly in arrears.  

Pre-drawdown amendments: A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted.

The bank does not finance US residents for the purchase of a property in US for own or family occupation or holiday use purposes. The bank is only able to assist US residents for the purchase of a property in US for investment purposes. For Non-US residents, the bank will be able to assist if the property is for investment or occasionally occupied by borrower or family (holiday use). Not for owner occupation or family use. After the loan is drawn and client intends to take up residence in the US, the bank may continue with the Facility subject to:

a) the property is not to be occupied by client or any of his family members during the term of the facility; or b) if the property is to occupied by client or his family members

i )   the bank will not permit any changes to the terms and conditions of the facility and

ii )  the bank will not permit any change in the currency denomination of the  loan which is outstanding hereunder immediately prior to such relocation.

iii ) no additional loan will be allowed  The bank will be able to finance clients residing in US for the purchase of properties outside US.

We need to obtain recent 12 months mortgage statements for all US properties Bank consent is required for entering into letting or tenancy agreement for term exceeding 1 year.