MBIS Loan

Pre-Approved If you're the owner and can provide the statutory notice, Tiptop Loan offers a pre-approved renovation loan of up to $300,000 under the "Mandatory Inspection Scheme." Max loan amount: 1.5 million, allowing owners to address unexpected financial needs, such as repairs, debts, and expanding living space for growing children.

The loan offers multiple benefits: no collateral required, exemption from Land Registry registration, and a pre-approved amount of $300,000. APR Our effective annual interest rates generally fall between 4.82% and 36%. These rates comply with Section 24.1 of the Money Lenders Ordinance, which mandates that loan interest rates must not exceed an actual interest rate of 48% per annum for the loan amount or offer.

The following loan calculation is provided for reference:
Loan amount: HK$100,000
Repayment term:12 months
Effective annual interest rate: 4.82%
Total repayment amount: HK$101,628

Revolving Credit Line Once approved and disbursed, we will create an additional revolving loan account for you, eliminating the need for multiple credit rating reviews and protecting against potential downgrades.

Benefit from flexible allocation of funds and enjoy no annual fees in the first year, no withdrawal, and nothing interest payment required. Accessing the revolving credit is convenient through a phone call or the Tiptop App, enhancing your financial freedom and emergency cash capabilities. 

For valuable insights on Mandatory Building Inspection Scheme Loan, watch the " Loans & Borrowing" videos below.

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To apply for a Mandatory Building Inspection Scheme Loan, please visit our website, visit a branch in person, call our customer service manager at 2912 7999, or inquire through WhatsApp at 9330 7177.