Business Mortgage Loan

All you need to know on the Business Mortgage Loan by HSBC:

Key Benefits

• Floating interest rate Euribor 3month + fixed spread from 2,40%
• Insurance coverage for you and your estate for the outstanding loan amount of your mortgage and for the loan tenor

The Business Mortgage Loan by HSBC also offers you:

• The option of early repayment, full or partial at any moment you choose and without charge
• Gradual disbursal of the loan (in case of purchase of a house under construction, completion of a house or improvement). This way, the amount of the monthly payment is determined by the amount you have withdrawn and not by the total amount you have borrowed. Thus, instead of paying interest on the entire amount of loan approved, you pay only the interest that corresponds to the money you have withdrawn.
• Competitive insurance coverage against damage caused by fire and earthquake for your estate and life insurance and permanent disability insurance coverage for the borrower.
• Loan duration from 5 up to 20 years
• Immediate pre-approval and withdrawal of funds

Interest rate

Euribor 3month + spread from 2,40%

Plus the contribution of the N128/75: 0,60%
Euribor: The basic borrowing rate in money market
Total Annual Effective rate (SEPPE): For loan amount of €160.000 for 20 years and loan expenses: SEPPE is 4,75% for floating interest rate Euribor 3month + 2,40% (1,608% on the 21/07/2011)

Loan Options

Based on the commercial value with minimum amount €1.000.000.

Required Documentation

• Completed loan application form
• Identity Card (both sides) or valid passport (original)
• Tax settlement forms for the last three years(original document)
• The last three years' analytical income tax forms E3or/and E1 (original documents) or, for professionals, the last three years' published balanced sheets.
• Trade commencement when there is not E1 or/and E3 yet
• The latest declaration form E9 (original document)
• Bank certificate for outstanding loans or any other loan obligations.