Summary Table on Housing Finance
|Typical Interest Rate on Mortgages||Typical Maturity(in years)||Maximum Maturity (in years)||Recent Innovations||Typical loan-to-value ratio (in percent)||NPL for Housing Loans (in percent)|
|Australia||Variable1||25||30||Low-documentation, interest-only loans, variable repayments||70 on average 80+ common 2||0.2|
|China||Variable1||10-15||30||Fixed-rate mortgages||80||1.5 (four large banks) 3|
|Hong Kong SAR||Variable1||20||Mortgage insurance HIBOR as price reference||702||0.18 (delinquency)|
|India||Variable1||10-15||Development of credit bureau||85||Below 14|
|Japan||Variable1||20-25||40 or over||Fixed-rate mortgages growing||80-1002||0.3-0.6(delinquency)|
|Korea||Variable1||3-year bullet||30||Long-term mortgages, with possibility of fixed rates in the early years||60 (50 for non-bank financial institutions)||0.7|
|Malaysia||Variable1||20-30||35||Credit Counceling and Debt Management Agency (2006)||952||8.7|
|New Zealand||Variable1||25-30||30||Fixed-rate mortgages growing||80-85 average2||0.2|
|Taiwan Province of China||Variable1||25||702|
|Thailand||Variable1||10-20||30||National Credit Bureau(2005)||70||16.3|
Variable interest rate mortgages (including adjustables) typically account for 60-80 percent of all mortgages, but most of these mortgages allow for fixed interest rates during the first 2-5 years.
Loan-to-value ratios only issued as guidance.
ICBC, ABC, BOC, CCB.
For total real-estate related loans, including personal housing loans.