The House Loan Contract is a fundamental document in Hong Kong's property financing landscape, used when individuals or entities seek financing for residential property purchases. This contract type must comply with Hong Kong's robust regulatory framework, including the Banking Ordinance and Money Lenders Ordinance, while addressing the unique characteristics of Hong Kong's property market. It serves as the primary agreement between lenders and borrowers, detailing loan terms, security arrangements, obligations, and enforcement mechanisms. The document is essential for protecting both lender and borrower interests in property financing transactions and must incorporate specific requirements for mortgage registration and enforcement under Hong Kong law.

1. Parties: Identification of the lender and borrower with complete details

2. Background: Context of the loan agreement, including property details and purpose of the loan

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount, purpose, and disbursement terms

5. Interest Rate and Calculations: Details of interest rate, calculation method, and adjustment mechanisms

6. Repayment Terms: Payment schedule, installment amounts, and payment methods

7. Security Arrangements: Details of the mortgage over the property and any other security

8. Borrower's Representations and Warranties: Borrower's confirmations regarding their status, property ownership, and capacity

9. Borrower's Covenants: Ongoing obligations of the borrower including property maintenance and insurance

10. Events of Default: Circumstances constituting default and consequences

11. Lender's Rights and Remedies: Actions the lender can take in case of default

12. Expenses and Fees: All costs, charges, and fees payable by the borrower

13. Notices: How formal communications between parties should be made

14. General Provisions: Standard clauses including governing law, amendments, and severability