OCBC Wing Hang Bank Mortgage Review for Expats
OCBC Wing Hang Bank, one of the largest banks with its headquarter in Hong Kong, offers home loans for Australian expats in Hong Kong, Singapore, and so on.
Is OCBC Wing Hang the right lender you’re looking for? Read our guide to find out.
- Borrow up to 60% of the property value
- OCBC approval in principle is valid for 12 months
- Access unique features such as currency switching
OCBC home loan review
See what home loans you can qualify for with OCBC as an Australian expat.
Australian Residential Mortgage Loan
Greater Bay Area Residential Property
OCBC lets expats living in Hong Kong purchase residential property in Sydney, Melbourne, Perth, and Brisbane for investment purposes.
The minimum loan amount is AUD$ 200,000, and the maximum property value is AUD$ 3,500,000. The bank offers home loans for up to 30 years with a variable interest rate.
OCBC bank’s cost of funds for your desired currency will decide the interest rate on your mortgage in Australia.
Greater Bay Area Residential Property
With the current growth potential in the Greater Bay Area, this loan is aimed at businesses and investors.
This mortgage covers Zhuhai, Shenzhen, Guangzhou, and Foshan and interest rates are calculated on the Hong Kong Interbank Offered Rate (HIBOR).
Benefits of choosing OCBC Overseas Mortgage
OCBC bank offers a variety of benefits and features on its home loan packages.
| Pros | Cons |
|---|---|
Approval in principle is valid for up to 12 months | The OCBC Residential Property Financing Solution is only available to OCBC Wing Hang Premier customers. |
Integrated modern internet banking system for a smoother banking experience | OCBC can revise the relevant terms and conditions of the loan depending on your situation |
Investment home loan packages tailored to fit your needs | Residential properties available for purchase in Sydney, Melbourne, Perth, and Brisbane |
Some OCBC home loan products are not available to expats. |
Allow us to find you the perfect home loan.
Apply online to get expert recommendations with real interest rates and repayments.
OCBC Overseas Mortgage review and features
Here are the main features of OCBC Wing Hang Bank’s home loan option.
| Feature | Details |
|---|---|
Deposit Size | OCBC has a maximum LVR of 60%, meaning you’ll need a 40% deposit. |
Hassle-free application | OCBC Wing Hang prides itself on its straightforward application process. |
Repayment Options | Variable interest rates provide expats with flexible repayment options. |
Package Benefits | OCBC offers currency switching, which is available throughout the package. |
Interest Rates (Investment) | An AUD$ 500,000 mortgage on a 30-year term offers an annual interest rate of 1.6%. |
Expat Information | Interest rates depend on your LVR and how much you want to borrow. |
Facts about OCBC Overseas Mortgage
Australian residential loans will have a variable interest rate loan.
Currency switching option is available for a loan term.
OCBC Wing Hang requires a minimum property value of AUD$ 200,000 or equivalent.
How do I apply for an OCBC overseas mortgage?
When applying for a home loan at OCBC Wing Hang, you must meet the eligibility criteria and have various documents ready.
Who is eligible for OCBC overseas mortgage?
- Hong Kong permanent residents or foreigners employed and residing in Hong Kong, like Australian expats
- Over the age of 18
What documents will I require for OCBC home loan ?
When you apply for a home loan with OCBC, you must provide the following documents.
Form of Identification
Passport, driver's licence, birth certificate, etc.
Income
Bank account statements showing three months of salary income.
Existing Loan Details
Details on other loans (housing, personal, or car).
Property Details
Mortgage and rental income statements.
Want to learn more about what OCBC offers? Please speak with one of our specialist expat mortgage brokers today!
Allow us to find you the perfect home loan.
Apply online to get expert recommendations with real interest rates and repayments.
OCBC Wing Hang Bank Products
OCBC bank offers other home loan products, including the following:
Overseas Residential Property Financing Solutions
OCBC Wing Hang Bank offers financing solutions that can help you purchase properties in Australia. You can typically buy properly worth a maximum property value of $3,500,000.
Was our OCBC Wing Hang mortgage loan review helpful? Let us know by contacting us at support@odinmortgage.com.
Other Australian lender reviews
OCBC Home Loan FAQs
OCBC offers a variety of features on their home loans for those looking to purchase in Australia. It includes a hassle-free application process and currency switching throughout the loan’s lifetime. These features are available to buyers looking to buy a new property in Australia or invest in the market.
Yes. OCBC is now allowing customers to buy property in Australia. OCBC finances property purchases in Sydney, Melbourne, Perth, and Brisbane. The minimum loan amount is AUD$ 200,000, and the maximum property value is AUD$ 3,500,000.
Yes. Australian expats living in Hong Kong can purchase a residential property in Australia for investment purposes. OCBC Wing Hang will allow expats to buy properties in Sydney, Melbourne, Perth, and Brisbane. LVRs will differ depending on where you want to purchase the property.
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