Carpark Mortgage
Product Characteristic
Man Sang Credit provides first and second mortgage services for any type of parking spaces, whether or not for personal use or rental purpose. The application procedure is simple; the approving process is fast, and the drawdown is immediate.
Loan-To-Value ratio up to 70%
Low Interest Rate, no additional fees
Flexible cash withdrawal and standby revolving credit loan
Choice of Instalment loan or Interest-Only repayment method
Simple procedure, rapid approval and exempt from bank stress test
可選擇本息分期或只還利息供款，靈活方便
申請車位按揭手續簡單，快速批核，免壓力測試
**Remarks: Man Sang Credit reserves the right to make the final decision in case of any disputes
Cases Sharing
Flexible repayment without penalty
Mr. and Mrs. Chan both worked in the insurance industry. They lived together with two children and a helper. For convenience, Mr. and Mrs. Chan commuted by car every day. They rented the parking space from their housing estate, and just recently, the developer released a number of car parking spaces for sale. Mr. Chan was lucky to have drawn one parking space, and he hoped to fully pay all at once. However, after consideration, Mr. Chan decided to reserve his capital for future emergency use, and instead, he would like to borrow 50% of the parking space value and down pay the rest of the outstanding amount. He enquired several banks but none of them offered a mortgage for parking space alone itself. He came across with our advertisement online and decided to make an application. Due to the simple application process, low interest rate, no additional charge of fees and flexible repayment schedule, Mr. Chan chose Man Sang Credit for mortgage services and completed the purchase transaction of the parking space.