loan for bad credit not a payday loan

Following the is actually a concern by Hon Edmund Wong and you can a great created reply by Assistant getting Economic Qualities and also the Treasury, Mr Christopher Hui, on Legislative Council today (February 23):

Discover statements by using the united states Government Set aside pregnant the attention cost of the United states to enter an upwards duration this present year, the attention cost away from Hong kong tend to invariably be influenced. After domestic home loan pricing go up, it can, to a certain degree, connect with or even package a hit so you’re able to scores of homeowners from inside the Hong kong. Within this partnership, usually the federal government revision that it Council:

(1) whether or not it knows the highest, low and you can mediocre month-to-month rates of interest for brand new domestic mortgage loans approved by financial institutions and you will licensed loan providers from 2007 to help you 2021; and

(2) if it has estimated the alterations during the rates of interest for new residential mortgage loans to-be passed by financial institutions and you will authorized monetary organizations regarding the future 3 years; therefore, of the info; if you don’t, the causes for the?

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