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You are ready to buy the house of your dreams with a home mortgage loan by HSBC, but a feeling of insecurity in case you cannot afford a monthly payment is holding you back? HSBC created just for you the Home Mortgage Loan Payment Protection Program.
The Home Mortgage Loan Payment Protection Program by HSBC guarantees that your monthly payments will be paid in case you are temporarily obliged to stop working.
All you need to know on the Home Mortgage Loan Payment Protection Program by HSBC:
Key Benefits
- Payments of your HSBC home mortgage loan monthly installments
- Coverage in case you temporarily stop working because of:
- Dismissal or involuntary unemployment
- Hospitalization or treatment
- Temporary disability due to accident, illness etc. - Long term coverage
The Home Mortgage Loan Payment Protection Program by HSBC also offers:
- Low monthly cost
- Coverage of the monthly payments of the loan for a long period
- Simple insurance procedures
- No medical questionnaire
Coverages
- If you are an employee under indefinite term of labor agreement in the private sector, the program covers you in case of involuntary unemployment or temporary disability to work due to illness or accident.
- If you are a public servant, temporary staff or self-employed, the program covers you in case of hospitalization or temporary disability to work due to illness or accident.
Maximum monthly compensation amount: €1.600
Maximum calculated monthly payment: €1.600
Premium
The monthly premium is calculated as a percentage of the monthly loan payment amount and is up to 5%.
Example:
If your monthly loan payment is €1.000, monthly premium is €50.
