Table 1 Status of applications for RM in Taiwan.

From: Structural analysis of reverse mortgages in Taiwan

Bank

Taiwan Cooperative Bank

Land Bank of Taiwan

Hua Nan Bank

Taiwan Business Bank

First Bank

Bank of Taiwan

Total

Date of commencement

2015/11/19

2016/1/18

2016/3/30

2016/3/1

2016/3/30

2016/4/20

 

Average age of applicant (years)

74.6

74

71.5

64.68

74.07

69

73.32

Number of cases

349

196

230

19

14

1

809

Total value approved (NT$100 million)

18.91

8.62

8.22

1.61

0.73

0.01

38.1

Weighted average loan-to-value ratio (%)

44.4

40.62

76

63.4

58.13

56

51.43

Weighted average loan rate (%)

2.06

2.16

2.2

1.96

1.94

1.93

2.11

Weighted average loan period (years)

21.8

21.83

25

25

17.99

30

22.56

  1. 1. The weighted average loan-to-value ratio of all the banks is 69.37%.
  2. 2. In July 2016, the average interest rate of new house-purchasing loans of the Bank of Taiwan, the Taiwan Cooperative Bank, the First Bank, the Hua Nan Bank, and the Land Bank of Taiwan was 1.695%.
  3. 3. In 2015, Taipei City accepted five philanthropic RM applications.
  4. Data source: Central Bank.
Back to article page