Mortgage Loan with Fixed Interest Rate

All you need to know on the Mortgage Loan with a Fixed Interest Rate by HSBC:

Key Benefits

• Fixed interest rate 6,50% for 2 years
• Floating interest rate after the completion of the fixed period linked to Euribor 3 months or to the European Central Bank (E.C.B.) plus spread from 2,40%

The Mortgage Loan with a Fixed Interest Rate by HSBC also offers:

• Financing up to 60% of the trading value of the real property see the rates table
• 6 or 12 months grace period for purchase or construction of residence
• Use of gradual disbursements - in cases of purchase of residence under construction, completion or improvement - where the monthly installment shaded in the base of the amount of disbursement and not in the base of the total amount of the loan. Thus, you pay interest only for the money that you have used.
• Loan duration from 5 to 35 years
• Fast procedures with transparent terms

Interest Rates

HSBC offers also fixed interest rates for the duration of 3, 5 and 10 years.

The floating interest rate after the expiration of the fixed interest rate period is linked to Euribor 3 months rate (on 21/07/2011 was 1,608%) or to the European Central Bank (E.C.B.) plus spread from 2,40%.

Each interest rate is surcharged with the contribution of the N128/75: 0,12%

Loan options

Based on the commercial value of the property with minimum amount €30.000

Expenses

According to the Bank's price list

Required Documentation

• Completed loan application form
• Identity Card (two sided) or valid passport (original)
• Tax settlement forms for the last three years(original document)
• The latest payroll or pension, for salaried employees and pensioners (original document)
• The last three years' analytical income tax forms E3 or/and E1 (original documents) for freelance professionals and recent tax certificate
• The latest declaration form E9 (original document)
• Bank certificate for outstanding loans or any other loan obligations
• Last real estate income statement